topic Foreign accounts 1040 b 7a and 7b in Deductions & credits

Foreign accounts 1040 b 7a and 7b

sara.floreani44 — Sat, 01 Jun 2019 20:09:49 GMT

Already filed my return. Received a FBAR and need to amend Form 1040 schedule B to update 7a and 7b. How do I go about doing this in an amended return via turbotax online?

That is nothing that needs to be amended.

Critter — Sat, 01 Jun 2019 20:09:51 GMT

That is nothing that needs to be amended.

Thank you for your speedy response! Did you reference IRS...

sara.floreani44 — Sat, 01 Jun 2019 20:09:52 GMT

Thank you for your speedy response! Did you reference IRS guidance to come to this conclusion? If so, can you point me to it?

The reason is that is informational and doesn't effect th...

Critter — Sat, 01 Jun 2019 20:09:54 GMT

The reason is that is informational and doesn't effect the bottom line of a return ... thus it is not needed. File the required forms as required and you are good.

But if you are dying to send in a new Sch B then attach one to a 1040X )with no changes in column B if you like... but it is a waste of paper, ink & postage for something that will be pitched in the trash when it arrives.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f1040sb.pdf">https://www.irs.gov/pub/irs-pdf/f1040sb.pdf</a>
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f1040x.pdf">https://www.irs.gov/pub/irs-pdf/f1040x.pdf</a>