turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

On form 1099-r questions 11 asks if the FATCA box is checked but my form has the word "No" in it... no check box. How do I answer if the box is checked?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
JulieCo
New Member

On form 1099-r questions 11 asks if the FATCA box is checked but my form has the word "No" in it... no check box. How do I answer if the box is checked?

Here is information on what the FATCA box is for:   FATCA requires certain U.S. taxpayers who hold foreign financial assets with an aggregate value of more than the reporting threshold (at least $50,000) to report information about those assets on Form 8938, which must be attached to the taxpayer's annual income tax return.     

If your 1099R states NO for the FATCA box, then the assumption would be that you are not required to file FATCA reporting, thus the assumption would be that the FATCA box is NOT checked.

View solution in original post

1 Reply
JulieCo
New Member

On form 1099-r questions 11 asks if the FATCA box is checked but my form has the word "No" in it... no check box. How do I answer if the box is checked?

Here is information on what the FATCA box is for:   FATCA requires certain U.S. taxpayers who hold foreign financial assets with an aggregate value of more than the reporting threshold (at least $50,000) to report information about those assets on Form 8938, which must be attached to the taxpayer's annual income tax return.     

If your 1099R states NO for the FATCA box, then the assumption would be that you are not required to file FATCA reporting, thus the assumption would be that the FATCA box is NOT checked.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question