Hello,
I have a need to file form 3520 along with the 2023 tax return. I also completed form 8938 as part of the Turbotax to list the foreign account information.
However, at the last stage of review, TurboTax indicates that I cannot Efile since I have indicated that I will be filing form 3520 and indicated a count of 1 on the form 8938 for the Form 3520.
I checked with CPAs and it is perfectly ok from IRS side to Efile your return with this same set of information and send the Form 3520 as paper filing separately.
It seems to be a limitation on TurboTax side which must be resolved at the soonest since it is causing grievance and issues for customers.
Please assist and resolve this at the soonest to support e-filing along with the indication that there will be a form 3520 sent via paper mail.
