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am1pa2r
New Member

Listing foreign countries in 1040 Part III, line 7b?

As an officer of my firm, I have signature authority over our clients' foreign custodial accounts. My employer files FBAR on my behalf. Per my employer, I still need to indicate YES in Part III, line 7a, on Schedule B of Form 1040 (U.S. Individual Income Tax Return).  For 7b, my employer states that I need to list the relevant foreign countries. My question is how do I list these countries using TT? 

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1 Reply
KarenJ
Intuit Alumni

Listing foreign countries in 1040 Part III, line 7b?

When you are completing the information about foreign bank accounts (under Interest and Dividends>1099-OID, Foreign Accounts), you will find the screen where you are to input the relevant foreign countries.  It looks like only 2 countries can be listed.  However, when you complete both fields, another field will open up for another country, etc.

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