Your advice does give the desired result but I couldn't see this until I switched to the software version of TurboTax and used the forms view. As feedback I want you to know it was alarming to see TurboTax say
"Based on what you told us, it turns out you don't need to report your foreign financial assets." when it actually did select 'Yes' on 1040 Schedule B, 7a and 7b. It seems to be contradicting itself. May I suggest changing its choice of words to reduce the ambiguity and speak to the state of mind of more customers? Failure to report a foreign bank account can be a serious offense and some of us really want to follow the law but TurboTax is creating doubts, unintentionally I think, about its ability to help us do this.
