In 2022, I received a total of $13 in bank interest from two accounts. One account is based in America and the other is overseas. The overseas account earned a total of $4 in interest.
While filling out Form 8938 on TurboTax Online, it asks a question in the More Info About Foreign Financial Assets section. The question is Where Reported, Form or Schedule; (only one entry per row is required).
Is only one of these fields necessary to fill in? Meaning I can provide the location on the Schedule only or do I need to reference the Form as well? The $4 interest shows up under Schedule B, Line 1 on my tax forms when I printed them to review.
On 1040 Line 2b, it shows an aggregate value of $13 of both banks' interest.
My thinking was that only Schedule B, Line 1 would be needed since the 1040 Line 2b is also showing non-foreign bank interest amounts.
Thanks in advance for any input.
