If I have Foreign Tax Paid in my 1099-DIV, do I answer Yes or No to "Did you own or control a foreign bank account, trust or financial asset in 2024?"

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If I have Foreign Tax Paid in my 1099-DIV, do I answer Yes or No to "Did you own or control a foreign bank account, trust or financial asset in 2024?"

No, unless you have other foreign accounts or assets not reported on the 1099.

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