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sbaker_100
February 14, 2025
Question

Why does the system think that I have foreign accounts when I indicated that I live in the US and don't have foreign accounts.

  • February 14, 2025
  • 1 reply
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    1 reply

    DawnC
    DawnC
    February 14, 2025

    Did you enter any 1099 forms that would indicate you have foreign accounts?    You can check your answer to that question in TurboTax by returning to the income section.   When you are on the Personal Income or Wages & Income (depending on which version you are using) page, scroll down and click on Continue or Done with Personal Income.   The next questions will be about foreign accounts, disaster distributions, and then, digital assets.   

     

    Untitled picture.png Machine generated alternative text: Capital Loss Carryover Less Common Investments and Savings 1099-010 contracts and straddles, etc. Retirement Plans and Social Security 1099-R, IRAs, 401(k), early withdrawals Rentals, Royalties, and Farm Income and expenses from rentals, patents, oil/mineral rights, and farm Other Business Situations Estimated tax payments, self-employed retirement and health insurances, losses, etc. S-corps, Partnerships, and Trusts Income from partnerships, S-corps, LLCs and REMICs Less Common Income Home sale, canceled debt (1099-C, 1099-A), 1099-SA, gambling, etc. Back to personal info Start Continue Ink Drawings

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