TurboTax will ask you about foreign assets if you do not check NO to the questions asking if you had a foreign bank account and if you had a foreign trust.
If you entered the wrong answer, you will have to delete Schedule B for the questions to come up again.
To change the foreign bank account question:
- Click Tax Tools in the left column,
- Click Tools,
- Select Delete a Form in the center,
- Find and delete Schedule B.
Deleting Schedule B will delete any interest (1099-INT) and dividends (1099-DIV) on your return. If you received interest and dividends, put those amounts back in before filing. The foreign bank question will come up again. Be sure to say No this time.
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