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New Member
posted Jun 1, 2019 1:09:49 PM

Foreign accounts 1040 b 7a and 7b

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?

0 3 760
3 Replies
Level 15
Jun 1, 2019 1:09:51 PM

That is nothing that needs to be amended. 

New Member
Jun 1, 2019 1:09:52 PM

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

Level 15
Jun 1, 2019 1:09:54 PM

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>