Schedule B Part III Foreign Bank Account
1

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 top left corner of your screen, then click Federal).
  2. Click the Investment Income dropdown, then click Foreign investment account information.
  3. Continue with the interview process to enter your 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 webpage or document at the time it is accessed.