topic Turbotax Delux for foreign accounts in Get your taxes done using TurboTax

Turbotax Delux for foreign accounts

ZZZ4 — Mon, 06 Feb 2023 17:49:04 GMT

I am trying to file my W2 form and get the federal refund back but there is rarely any options for foreigners who did seasonal jobs in the US. The description said I need a TurboTax Deluxe subscription if I want to transfer the money to a foreign bank account (ridiculous but ok) but after I payed there was absolutely no option to add European bank accounts. Can anyone suggest me anything to at least get my money back that I have paid in return for absolutely nothing?

Re: Turbotax Delux for foreign accounts

ee-ea — Wed, 08 Feb 2023 02:21:26 GMT

When your return is rejected by the IRS, it is as if you never e-filed it or paid TurboTax.

Re: Turbotax Delux for foreign accounts

DaveF1006 — Wed, 08 Feb 2023 14:13:13 GMT

You report your European Bank Accounts on Form 8938 if those accounts are more than $50,000. Also if they are more than $10,000, you will need to file an FBAR with the US Treasury Dept. Please click here for more details.

if you have a filing requirement for an 8938 and if your foreign account exceed $50K, go to the search bar in the upper right portion of your return and type 8938. There will be a link that says "jump to 8938". Select that then there will be a series of questions asking you about your Foreign Financial Accounts.

if you do not have the reporting requirement listed above but need to enter dividend/interest information, you can get around this issue by indicating you wish to type the forms themselves. Here you can report interest and dividends and still remain in the free version.

You may also wish to go to tax tools, tools, delete a form. If form 8938 is listed, delete this form, in addition to any 1099 Forms that relate to foreign dividends or interest.

@ZZZ4