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Level 2
December 7, 2019
Solved

How do you mark Schedule B Part III line 7a yes and line 7b no?

  • December 7, 2019
  • 1 reply
  • 16 views

Taxpayer has authority over foreign bank account, but value was under the FINcen filing  requirement.

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Best answer by George4Tacks

In either Interest or Dividend Screens (11 or 12) Scroll down to Foreign Account and Foreign Tax Credit Check the 1st box, but leave the next box (for country) blank. 

1 reply

George4Tacks
Level 15
December 7, 2019

In either Interest or Dividend Screens (11 or 12) Scroll down to Foreign Account and Foreign Tax Credit Check the 1st box, but leave the next box (for country) blank. 

Answers are easy. Questions are hard!