Turbo tax entered NO on Sched B, line 7a; it should be YES, but it is under 10 000. hoe to enter NO???

[angel242]

how can I change YES on Sched B, 7a to a YES??

[RobertB4444]

You need to enter the account into TurboTax so that TurboTax changes the check box for you.

Unless TurboTax knows about the account then it can't place it on the schedule B.  You need to enter the 

information about the foreign bank account into the TurboTax system.  

If you will go to the wages and income section of your TurboTax account and scroll down to 'Interest and Dividends' you will find an option for "1099-OID, Foreign Accounts".  Click on this option and go through the questions telling the system that you had signature authority over a foreign account.  Then it will check box 7a for you.

@angel242 

[Edited 02/18/23  02:20 PM]

[rjs]

In the black navigation bar on the left side, click Federal, then Wages & Income. On the Your Income screen, scroll down to Less Common Investments and Savings. On that line, click "Show more." Click the Start button for "1099-OID, Foreign Accounts." On the first screen, check the box that says "Owned or signed on a foreign bank, broker, or other financial account."