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mgbarry03
New Member

Why is Turbo Tax saying that I have a financial account in a foreign country when I do not have a foreign asset? I did not input this information.

I do not have a foreign asset and am not sure where I messed up and Turbo Tax thinks I do. Please help.
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1 Reply
DaveF1006
Expert Alumni

Why is Turbo Tax saying that I have a financial account in a foreign country when I do not have a foreign asset? I did not input this information.

Try these to remove the entry.

 

  1.  Log into your return
  2. Income or Wages and Salaries if working in the Desktop Version
  3. Other Tax Situations
  4. Prepare a Report on Foreign Assets
  5. Answer None of the above to Tell Us About Any Foreign Bank Accounts.
  6. Click Continue.
  7. Answer None of the above to Tell Us About Any Foreign Trusts.
  8. Click Continue.
  9. Answer No, I don’t have foreign financial assets to Foreign Financial Assets.
  10. Sign out and sign back again to save the changes.

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 Sign out and back in again to save the changes.
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