You normally would not report a financial account with no income or capital gain/loss. However, because this is a foreign financial account, there are special information reporting requirements. You may be required an FBAR and/or Form 8939.
To go to the section in
TurboTax Online that asks about foreign accounts, go here:
- My Account
- Tools
- Topic
Search
- Type
"foreign account" in the search box
- Click foreign
accounts and trusts, questions on schedule b in the search results
below.
If you're using TurboTax
Desktop, type "foreign account" in the search box at the top right of
the screen.
Please follow this link for more
information. https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements
