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jeftedrijvers
New Member

How do I add and file a form Schedule B with my taxes (needed because I own a foreign bank account)?

 
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Tonita
Level 2

How do I add and file a form Schedule B with my taxes (needed because I own a foreign bank account)?

To go to schedule B to add interest income:

  • Go to Tax Tools > Tools > Topic Search (bottom-left corner)
  • type schedule b in the search box and then click Go.
  • Answer Yes to Did you receive any interest income? and Continue.
  • Proceed through the rest of the interview to enter your interest income.

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2 Replies
Tonita
Level 2

How do I add and file a form Schedule B with my taxes (needed because I own a foreign bank account)?

To go to schedule B to add interest income:

  • Go to Tax Tools > Tools > Topic Search (bottom-left corner)
  • type schedule b in the search box and then click Go.
  • Answer Yes to Did you receive any interest income? and Continue.
  • Proceed through the rest of the interview to enter your interest income.
Chandan007
Returning Member

How do I add and file a form Schedule B with my taxes (needed because I own a foreign bank account)?

Thanks a ton!!! What a relief to be able to figure out how to generate Schedule B . I am not sure why turbo tax did not generate the Schedule B in the first place like it used to for last two years since I started filing using turbotax. The questions which are usually asked to generate schedule B were also skipped in 2020 filing and may be that is why it did not print in first instance. Definitely a communication should be sent out to users about these changes since these are important docs. I hope turbotax team takes notice of this and ensures going forward there are no such confusion for users 

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