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jrsimko
New Member

I am trying to file my taxes, but it is saying I cannot file them because I have a foreign financial account. I do not have one, so there is nothing to correct?

I added a financial account that is located in California, both of my W2's are in state, and there is nothing else I have noted, not sure why this is being listed?
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1 Reply
AmyC
Employee Tax Expert

I am trying to file my taxes, but it is saying I cannot file them because I have a foreign financial account. I do not have one, so there is nothing to correct?

Two possibilities:

  • You have dividends, from a 1099-DIV, with foreign tax withheld. The program needs to know about them or
  • You indicated that you have authority over a foreign financial account.

To correct these:

1. Review your dividends and look for any foreign dividends on your forms, in the program. You may need to file Form 1116 for your foreign dividends and interest. It may just be $1 with your broker that you didn't notice.

2. When you finish your income review, select Done with Income. The program will ask if you have foreign bank accounts, disaster, digital assets, etc. Be sure you marked No for foreign bank accounts.

 

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