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January 16, 2025
Question

I have no foreign income. Why does TurboTax think I do?

  • January 16, 2025
  • 2 replies
  • 0 views

Please help.  I have no foreign income but I can't get through the section without it saying I can't file for free.  How can I change it to show I have no foreign income?

2 replies

Employee
January 16, 2025

Do you own any mutual funds where foreign tax was paid?

January 16, 2025

@Bsch4477 No, I do not. I have interest income from Capital One, Flagstar, and First National Bank of Omaha... Thanks for any assistance you can provide!

DaveF1006
January 22, 2025

It depends.  You may have been asked a question if you have foreign income and you may have said yes.. Also, you may have paid foreign taxes and it is reported in one of your interest statements.

 

Check Box 6 on your1099 INT interest statements to see if there are amounts listed there for Foreign Taxes paid. If you have a 1099 DIV, it will be listed in Box 7. if you have amounts listed in either of these statements, then some of your interest paid is from foreign sourced income.

 

If neither of these reasons exist, I would suggest to clear and start over your return.  

 

  • Go to Tax Tools 
  • Tools
  • Clear and Start Over

@jacqleen0430 

 

 

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