Skip to main content
January 28, 2025
Question

Turbo Tax keeps saying I have an account in a foreign country even though I said I don't. How do I correct this?

  • January 28, 2025
  • 1 reply
  • 0 views
Every time I go to file it tells me I need to upgrade because I have an account in a foreign country. I don't. I've fixed this multiple times and it keeps reverting every time.

    1 reply

    DaveF1006
    January 28, 2025

     You may have investment income reported in the form 1099 OID that has been reported. If this is the case;

     

    1. Select Tax Home in the left pane
    2. On the Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the Income & Expenses box, then select StartContinue or Pick up where you left off
    3. Select the dropdown to the right of Less Common Investments and Savings (1099-OID, contracts and straddles, etc.
    4. Select Start or Revisit to the right of 1099-OID, Foreign Accounts
    5. Continue through the following screens, unselecting any boxes that might have been previously selected incorrectly
    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"