I did not check any FATCA filing requirement box but TurboTax says I did. Is there a software glitch?

Forum|Forum|5 years ago
February 24, 2021
1 reply
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Are there consequences if I file with the box checked? I have no foreign account or foreign interest.

TurboTax Premier Online

Best answer by DaveF1006

If there is an inquiry by the IRS, you can respond by stating you have no foreign accounts or trusts to report. Chances are there may not be such an inquiry but be prepared with that response if there is.

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johnkbauman1

I have the same problem with the tax year 2021 software. The FATCA filing requirement box is blank on all my 1099-INT forms and I have no foreign accounts or income whatsoever. Turbotax insists the box is checked and does not offer a way to correct this software glitch. Without a correction it's impossible to e-file a return. In addition, this year Turbotax asks me to provide details about a non-existent rental property it claims I own in a foreign country. It asks me to provide all the property details on its Schedule E worksheet. Without "fixing" these two imaginary errors in my return, I have no option but to print my return and file by mail. That was not made clear to me until AFTER I had already paid for Turbotax Premium Edition and MAX protection. The added cost and inconvenience of printing and mailing 18 pages to the IRS not to mention the added delay in getting a refund is exasperating.

mglauner

Can you delete the FACTA (Form 8938) and Schedule E from your return?

In TurboTax Premier, click on FORMS in the upper right and on 'Open Form' above 'Forms in My Return'.

At the bottom of the open form, choose 'Delete Form'.

The FATCA box is a requirement for when banks issue 1099-INT forms. The checkbox isn't something that produces a result with the input of interest income.

It shouldn't affect your ability to Efile whether it is checked or not. If you can give more info about the Efile error you receive, we will try to help you.

Click this link for more info on FACTA Form 8939.