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April 30, 2024
Question

Turbo Tax is telling me I said I owned foreign property, but I didn't.

  • April 30, 2024
  • 1 reply
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Turbo Tax is telling me I said I owned foreign property, but I didn't.

 

 

How do I remove this entry? Thanks!

    1 reply

    May 2, 2024

    Form T1135 is used to report foreign assets for Canadians. 

     

    Are you preparing a tax return in the US or are you in Canada?

     

    If you are in the US and you do not have any assets in Canada, I suggest reviewing your input in the interview screens in TurboTax.  You may have accidentally selected yes to having a foreign asset or bank balance that is generating this form.  

     

    If you are in Canada, please see this link for support.

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