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The country code refers to foreign taxes that would typically be reported on a form 1099-DIV or 1099-INT. You can look on those forms in box 7 on Form 1099-INT or box 8 on Form 1099-DIV for the country abbreviation. If you can't find it, you can choose "Various" if you see that in the list of country codes. You don't see the United States listed since you are dealing with foreign taxes, so they would have to be from a foreign country.
There is no foreign country code in box 7 or 8 on the 1099 INT form Schools First Credit Union located in Tustin, CA. She did not work out of the country nor have any type of income from outside of California in the U.S. So I don't understand why it keeps wanting a foreign country code from the information entered into Turbotax. I have never had any type of problem like this in the past using your software. What solution is there to file the taxes and not have a problem with the IRS. I'm not the only one having these issue from what I have read regarding this particular 5329-S code.
Yes, a few other people have experienced this error, which comes from inadvertently selecting the foreign address dropdown in the 1099-R screen.
To correct this in TurboTax online:
Is there something I can do to satisfy this country code issue? I can do nothing with this turbo tax who now has my money without giving me what I paid for.
If you're using TurboTax Online, clear your Cache and Cookies first.
Sometimes this error is related to a Foreign Address for a payer on another document entered, such as a 1099-R. Go back to the original entry and change the country.
If this is not your situation, please give more details and we'll try to help.
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