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Get your taxes done using TurboTax
There are two types of accounts to reported on a 8938. The first type of an account is a deposit account, such as your account at a bank where you may or may not make cash deposits or withdrawals.
A custodial account is is an arrangement to hold certain types of deposits (typically not cash). investment accounts such as stocks, bonds, and other investments. Your treasury stock account and other investment accounts would fall under this category.
Line 6 asks for the Maximum value of just your deposit or bank accounts. Please read these 8938 instructions that explain how some these accounts are reported on each line.
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March 17, 2023
6:37 AM