virgil
New Member

I have a foreign account <$10000. IRS says I don't have to file Form 8938. If I acknowledge it to TT, it upgrades to Deluxe unnecessarily. Can I just not acknowledge it?

I know I don't need to file an FBAR nor Form 8938. (I've earned no interest on this account, which is worth about $5000) TT faces me with a "yes/no" question about foreign accounts, where if you answer "yes" it automatically requires you to upgrade to Deluxe for Form 8938, even if you say your balance was never $10k. I'm tempted to just say "no", since I know I don't need to file it.

It feels as though TT is forcing me to pay an extra $40 to file a form unnecessarily, or lie on my form. Very frustrated. Does this "no" remain on some account record as proof of a lie, or is it safe to say "no" as in "no, I don't have anything I need to declare"?