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New Member
posted Apr 13, 2025 3:19:54 PM

Does anyone have this question? Value of All Your Foreign Accounts. I have NO foreign account only a Hawaii account! Why am I getting this form

Don’t have a foreign account. Why do I have this question? Value of All Your Foreign Accounts

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1 Replies
Expert Alumni
Apr 14, 2025 3:41:24 PM

t depends. Here are a few possible reasons and solutions:

 

  1. Incorrect Selection: TurboTax asks about foreign accounts during the deductions section. Double-check that you didn’t accidentally select "Yes" to having a foreign account. Go to other tax situations>miscellaneous tax forms>prepare a report of foreign assets. Be sure you select no and then sign out of your return and sign back in again. See if this clears the error.
  2. Imported Forms Issue: If you imported a 1099-INT or 1099-DIV, TurboTax may have incorrectly marked the FATCA filing requirement box. Try revisiting your entries and ensuring that box is unchecked. 
  3. Form 8938 Error: TurboTax may have automatically generated Form 8938 (Statement of Specified Foreign Financial Assets). You can delete this form under Tax Tools > Tools > Delete a Form.  After deleting the form, sign out and back in again.  See if this clears the error.