SusanY1
Expert Alumni

Get your taxes done using TurboTax

The only other options to get around this issue this year are to either mail the return with the box marked on 8938 OR to also report the asset on 8938 (even though it is being duplicated on 3520) and e-file (in this case there isn't a need to mark that it's on 3520, since you're also reporting it on the 8938 making the IRS aware of the information.)

Reporting the asset on both forms will not cause any conflicts with the IRS, though it requires a few extra steps on the part of the taxpayer. 

 

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