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Why does turbo Tax keep telling me i have to upgrade to deluxe for a foreign account. I don't have one.
Turbo tax is insisting I upgrade because I 'have a foreign account' when I do not have a foreign account. I have gone back and checked my answers and it won't change.
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posted
April 18, 2022
5:39 PM
last updated
April 18, 2022
5:39 PM
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Why does turbo Tax keep telling me i have to upgrade to deluxe for a foreign account. I don't have one.
I would check in "Forms" view for Form 1116 and see if any numbers are filled in there, then try to trace them back. Also you could check Schedule A line6.
Could you have imported some investment income that included some foreign income?
April 18, 2022
5:55 PM
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Why does turbo Tax keep telling me i have to upgrade to deluxe for a foreign account. I don't have one.
If you received interest or dividends, you may have checked the box asking whether you had a financial interest in or signature authority over a foreign financial account.
This question only comes up once and there is no way to return to it, except by deleting your interest and dividend info.
- Tap Tax Tools in the left column
- Then Tools
- Select Delete a Form
- Delete Schedule B
- Select Continue With My Return at the bottom
- Re-enter your interest and dividends
- Continue until you see Did you own or control a foreign bank account, trust or financial asset in 2021?
- Say no
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April 19, 2022
8:34 AM
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