Schedule B Part III Foreign Bank Account

To complete Part III Foreign Accounts and Trusts of Federal Schedule B (Form 1040) Interest and Ordinary Dividends, necessary if you (a) had over $1,500 of taxable interest or ordinary dividends, (b) had a foreign account, or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Investment Income in the Federal Quick Q&A Topics menu to expand, then click Foreign investment account information.
  3. Continue with the interview process to enter all of the appropriate information.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.