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posted Apr 6, 2022 8:59:08 PM

How can I correct entries that were made during the final review - when Turbo Tax asks me for values for specific fields on specific forms?

This particular case is on forms 8938, but it has happened on other forms in the past.

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1 Best answer
Expert Alumni
Apr 7, 2022 6:20:17 AM

To correct your entries on form 8938 Statement of Specified Foreign Financial:

  1. Open or continue your return
  2. Search for 8938 and select the Jump to link at the top of the search results.
  3. On the Foreign Financial Assets screen, select Yes, I have foreign financial assets
  4. Answer yes or no to living in a foreign country, and select Continue.
  5. Answer yes or no to amount of foreign financial assets, and select Continue.

If you are required to file Form 8938, you must report the specified foreign financial assets in which you have an interest even if none of the assets affects your tax liability for the year.

 

For more information please check Instructions for Form 8938 (11/2021)

1 Replies
Expert Alumni
Apr 7, 2022 6:20:17 AM

To correct your entries on form 8938 Statement of Specified Foreign Financial:

  1. Open or continue your return
  2. Search for 8938 and select the Jump to link at the top of the search results.
  3. On the Foreign Financial Assets screen, select Yes, I have foreign financial assets
  4. Answer yes or no to living in a foreign country, and select Continue.
  5. Answer yes or no to amount of foreign financial assets, and select Continue.

If you are required to file Form 8938, you must report the specified foreign financial assets in which you have an interest even if none of the assets affects your tax liability for the year.

 

For more information please check Instructions for Form 8938 (11/2021)