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New Member
posted Feb 19, 2021 9:12:23 AM

Where can I find the updated turbo tax form 8938 ?

turbo tax form 8938

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2 Replies
Level 15
Feb 19, 2021 9:14:33 AM

Form 8938, Statement of Specified Foreign Financial Assets is scheduled to be available on 02/25/2021

 

See this TurboTax support FAQ for how to file a Form 8938 - https://ttlc.intuit.com/community/accessing/help/how-do-i-file-form-8938-statement-of-specified-foreign-financial-assets/01/25763

Expert Alumni
Feb 19, 2021 2:26:07 PM

Here are the steps:

 

In TurboTax online,

  • Sign into your account and select Pick up where you left off
  • At upper right corner, in search box, type in 8938 then Enter 
  • Select "Jump to 8938 " 
  • Follow prompts

If you live in the US and meet one of the following criteria, you would need to file a Form 8938.  

  • Unmarried individual (or married filing separately): Total value of assets was more than $50,000 on the last day of the tax year, or more than $75,000 at any time during the year.
  • Married individual filing jointly: Total value of assets was more than $100,000 on the last day of the tax year, or more than $150,000 at any time during the year.

For more information, click here: https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements