According to the instructions for 3520, you would check this box if you also need file Form 8938 for the same tax year and include this form in the total number of Forms 3520 reported on line 15 of Part IV, Excepted Specified Foreign Financial Assets, of Form 8938.
You have a 8938 filing requirement value of these assets exceeds $100,000 on the last day of the tax year or $150,000 at any time during the tax year.
To summarize, if you have a 8938 filing requirement, you will check Box C.
Instructions For Filing 3520
instruction for Filing Form 8938
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
