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jh477
Returning Member

Turbo Tax does not save my 8938 form. I complete it and then when I go back to EDIT the detail submitted is not there and asks me to REVISIT . How can I solve this?

 
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1 Reply
DaveF1006
Expert Alumni

Turbo Tax does not save my 8938 form. I complete it and then when I go back to EDIT the detail submitted is not there and asks me to REVISIT . How can I solve this?

It depends. Perhaps it didn't save because there wasn't a filing requirement. To clarify, does either of these requirements pertain to you regarding the reporting threshold?

 

  • Unmarried taxpayers. If you are not married, you satisfy the reporting threshold only if the total value of your specified foreign financial assets is more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year.
  • Married taxpayers filing a joint income tax return. If you are married and you and your spouse file a joint income tax return, you satisfy the reporting threshold only if the total value of your specified foreign financial assets is more than $100,000 on the last day of the tax year or more than $150,000 at any time during the tax year.
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