I filed my taxes and reported I had no foreign financial assets but form 8938 was generated and taxes were electronically filed and accepted. The form generated had Part I checked "NO" and part III checked "NO" and part IV #15 answered 1. I did not realize this form was sent electronically. About 2 weeks later I realized i was suppose to send form 3520 for a property i inherited in 12/2024 and filled out form and mailed it before april 15th of 2025. I did not need to have form 8938 submitted because it is a personal property no to generate income. I don't know why form 9838 was generated as I did not realize i had even inherited this property yet as i was informed of it after i filed my taxes but before april 15th. Will it be ok that form 8938 was filed and disclosed that form 3520 is filed? I ask because the property is no an excepted specified foreign financial asset but a personal property i will keep for awhile and then sell. It would be more of a capital gains or loss reporting for the future. Do I need to amend the taxes to remove form 8938 or will it just be used as an informational reporting for my form 3520 as I inherited a small apartment which will not generate income as a rental property. Also, I noticed that form 8938 appeared on turbotax forms after my 3520form was received by IRS. On part III of my schedule B form I answered no to 7a and 8 so I do not understand how form 8938 was generated for my taxes . Anyway, is there a problem now or, since i filled out form 3520 as i mentioned above even though the house is not a specified foreign financial assest according to what the instructions for this form consider one to be, must I amend my taxes because this form should not have been generated as only form 3520 needed to be mailed. Thank you for your help.
