MarilynG1
Expert Alumni

Get your taxes done using TurboTax

If you are a green card holder, you are a US Resident for tax purposes.

 

If you had more than $10,000 as a Maximum Balance in any of your foreign accounts, you do not need to file a Form 8938 "Statement of Specified Foreign Financial Assets", which TurboTax handles. 

 

However, you would need to file a FinCENForm 114, which is not handled by TurboTax.  Click here to file FinCENForm 114:  https://bsaefiling.fincen.treas.gov/main.html

 

File your Form 1040 as directed and file the FinCENForm 114 from the above-attached link.   Also, see this for reference: Comparison of Form 8938 and FBAR Requirements.

 

Use an address on your Form 1040 where you can be contacted by mail by the IRS.  This does not affect whether you can claim a Foreign Tax Credit on income you report on your return on which you also paid Foreign Tax.

 

@Le_nene 

 

 

 

 

 

 

 

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