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sleemmz
Level 3

Hi everybody, I was wondering if anyone ran through a similar situation with turbotax regarding the requirement to file form1040, and hence to upgrade?

 
1 Best answer

Accepted Solutions
MaryK1101
Expert Alumni

Hi everybody, I was wondering if anyone ran through a similar situation with turbotax regarding the requirement to file form1040, and hence to upgrade?

Unfortunately, because  we cannot see the details on your tax return, you may want to call in so a live assistant can help.  See What is the TurboTax phone number?

 

There may be another tax situation that requires the upgrade.

 

@sleemmz

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5 Replies
sleemmz
Level 3

Hi everybody, I was wondering if anyone ran through a similar situation with turbotax regarding the requirement to file form1040, and hence to upgrade?

First I get this message "Based on what you told us, it turns out you don't need to report your foreign financial assets." then this one at the very end when im about to file "

To accurately complete your taxes, you need to upgrade to TurboTax Deluxe
Why do I need to upgrade?
You have a financial account in a foreign country, and that's just one of the reasons the IRS requires you to file Form 1040.
TurboTax Free Edition does not cover this situation
ThomasM125
Employee Tax Expert

Hi everybody, I was wondering if anyone ran through a similar situation with turbotax regarding the requirement to file form1040, and hence to upgrade?

If you have an account in a foreign country, that needs to be reported on schedule B. That is why you have to upgrade your TurboTax program, as schedule B is not included with the free TurboTax service.

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sleemmz
Level 3

Hi everybody, I was wondering if anyone ran through a similar situation with turbotax regarding the requirement to file form1040, and hence to upgrade?

Thank you Thomas.

I'm still confused, as after I provided all the info on turbotax "free version", I got this message ""Based on what you told us, it turns out you don't need to report your foreign financial assets."

if don't need to report, then why upgarde?

MaryK1101
Expert Alumni

Hi everybody, I was wondering if anyone ran through a similar situation with turbotax regarding the requirement to file form1040, and hence to upgrade?

Unfortunately, because  we cannot see the details on your tax return, you may want to call in so a live assistant can help.  See What is the TurboTax phone number?

 

There may be another tax situation that requires the upgrade.

 

@sleemmz

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

sleemmz
Level 3

Hi everybody, I was wondering if anyone ran through a similar situation with turbotax regarding the requirement to file form1040, and hence to upgrade?

Thank you MaryK!

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