topic How do I change the foreign accounts question on 1040 Schedule b box 7a from "yes" to "no"? in Deductions & credits

How do I change the foreign accounts question on 1040 Schedule b box 7a from "yes" to "no"?

andyad71 — Mon, 23 Feb 2026 12:50:17 GMT

While using TurboTax Online, I answered "no" to the foreign accounts question, but box 7a on the federal 1040 schedule B is still set to "yes". Per other answers, I confirmed there was not a Form 8938 listed in the "delete a form" area.

Re: How do I change the foreign accounts question on 1040 Schedule b box 7a from "yes" to "no"?

JulieS — Fri, 10 Feb 2023 22:26:19 GMT

Yes, you can change your answer to that question.

Here is how to find it:

Select Federal on the left side menu.
Select Wages & Income.
Scroll all the way to the bottom and click Continue.
Continue until you get to Tell Us About Any Foreign Bank Accounts.
You can change your answers here.

Re: How do I change the foreign accounts question on 1040 Schedule b box 7a from "yes" to "no"?

andyad71 — Fri, 10 Feb 2023 23:50:35 GMT

After selecting "No" for all foreign accounts/trusts questions, the resulting 1040 Schedule B still says "yes" on line 7a.

Note: Every time I return to the "Do you have any foreign financial assets?" question, it has defaulted back to "yes" even though I entered "no" previously. This seems like a bug in the system that is not saving the "no" answer to this question.

Re: How do I change the foreign accounts question on 1040 Schedule b box 7a from "yes" to "no"?

KrisD15 — Sat, 11 Feb 2023 00:02:03 GMT

To clarify,

did you report any dividends?

If yes, was there any foreign tax paid listed?

Re: How do I change the foreign accounts question on 1040 Schedule b box 7a from "yes" to "no"?

andyad71 — Sat, 11 Feb 2023 02:15:40 GMT

Yes, I included a 1099-DIV. It appeared that the "Box 11 - FATCA Requirement" was selected in the website, but was not shown in the original 1099-DIV. After deselecting that item, Schedule B line 7a changed to "no".

Thanks for the help