Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Mar 4, 2022 8:50:29 AM

Turbo tax form for 1099 div asks if FATCA filing requirement box is checked

why do I need to  worry about FATCA requirement

0 1 205
1 Replies
Expert Alumni
Mar 4, 2022 9:03:44 AM

If you hold international stock. 

 

"FATCA requires certain U.S. taxpayers who hold foreign financial assets with an aggregate value of more than the reporting threshold (at least $50,000) to report information about those assets on Form 8938, which must be attached to the taxpayer’s annual income tax return"

 

Link about FATCA