I do not have foreign financial assets and I select that I do not, but it switches back automatically

[SabrinaD2]

If you do not have foreign financial assets and TurboTax keeps switching back automatically, try these steps:

1. Check Your 1099-INT Form: Ensure the FATCA box is not checked when entering or uploading your 1099-INT form. If it is checked, TurboTax might think you have foreign assets or your 1099-INT may include foreign income. 
   1. Sign into Turbo Tax and click here to go to your 1099-INT entry.
2. If the FATCA Box is Checked Correctly: This indicates that you may have a reporting obligation under the Foreign Account Tax Compliance Act (FATCA). Specifically, it means:
   • Foreign Financial Assets: You might need to report specified foreign financial assets if their value exceeds certain threshold.
   • Form 8938: You are required to file Form 8938, Statement of Specified Foreign Financial Assets, along with your tax return
3. If the FATCA Box is Checked Incorrectly: There may still be a Form 8938 in your return. To delete it:
   • Go to "Tax Tools" > "Tools" > "Delete a form" and remove Form 8938