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Level 2
posted Mar 1, 2025 9:37:04 PM

What does 'See Stmt 0' mean in line7b on 'Schedule B'?

I have a foreign bank account, and TurboTax suggests that I file FinCEN Form 114. It also places 'See stmt 0' on line 7b of Schedule B. what does the 'see stmt 0' mean here?

In 2023, Turbotax simply listed the foreign country's name instead.

Thank you

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1 Replies
Expert Alumni
Mar 11, 2025 8:13:27 AM

There may be a separate statement explaining the information for line 7b.  Review the pages of your tax return for the separate statement.

 

You can print or view your full tax returns prior to filing after you have paid for the software.

 

  • View the entries down the left side of the screen at Tax Tools.
  • Select Print Center.
  • Select Print, save or preview this year's return.
  • Select Include government worksheets (optional)

 

The Instructions for Schedule B for Form 1040 describes line 7b.

 

Line 7b

 

If you are required to file FinCEN Form 114, list the name(s) of the foreign country or countries in the space provided on line 7b. Attach a separate statement if you need more space.