Why is it automatically checking box 7a on Schedule B? It didn't give the options but assumes I have foreign accounts. How to change to no?

Go back to the Wages & Income section

Scroll down and select "Done with Income" 

The next screen should ask about Foreign accounts.

Thanks, but unfortunately after I click done with income it takes me to their advertisement to upgrade for expert. I click continue without additional benefits then the next screen is yes or no for value of your foreign accounts more than 10K.  I don't see anywhere you first check a box or say yes you have foreign accounts to begin with.  This is so frustrating. 

 

 

 

 

I am having the same problem, is this a bug with the software? 

Same problem! I don't have a foreign account. Anybody figured out how to change the answer to no?

It depends.  Check to see if you have a foreign tax paid in Box 6 of a 1099 INT or Box 7 of a 1099 DIV. You may have foreign accounts but not realize it. If this isn't case though, try this to remove the check mark.

 

1. Open or continue your return in TurboTax.
2. In the Search box (upper right hand side) type schedule b foreign accounts and trusts.
3. Click the Jump to link in the search results.
4. Answer None of the above to Tell Us About Any Foreign Bank Accounts.
5. Click Continue.
6. Answer None of the above to Tell Us About Any Foreign Trusts.
7. Click Continue.
8. Answer No, I don’t have foreign financial assets to Foreign Financial Assets.
9. Click Continue

If this doesn't remove the entry, try this:

 

In Turbo Tax Online:

 

• Tax tools
• Tools
• Delete a Form
• Look for Form 8938 and delete it and all of the worksheets associated with it

In Turbo Tax Software

 

• Go to the forms mode in your program
• Look for form 8938 and all worksheets associated with.  
• Delete the form and the worksheets

Let us know if this works.

 

@aikohu