I have looked at your tax file. After I entered the information under "Foreign Account", the program generated a Form 8938. Please make sure to update the program by following these steps:
- If you are using the TurboTax CD/Download software program, open TurboTax and select "Check for Updates" from the "Online menu" near the top.
- If you are using the online version, it's an automatic update when you sign in and out.
Let's double-check the entries:
In TurboTax online,
- Sign in to your TurboTax account and select Pick up where you left off
- At the right upper corner, in the search box, type in "foreign assets" and Enter
- Select Jump to foreign assets
- On screen, " Foreign Financial Assets", select Yes, I have foreign financial assets and No to living in foreign country
- Next screen, "About the Amount of Your Foreign Financial Assets", select Yes to total value is more than $50,000 or 75,000
- Follow prompt
- Next screen, "Amounts Related to Foreign Financial Assets", enter your amounts
- Follow prompts
- Next screen, " Do You Have a Foreign Financial Account to Report?", select Yes
- Follow prompts
- On screen, " Do you Have any Other Foreign Financial assets to Report?" select No.
- Follow prompts.
@qyz891023
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