Yes. here is how you will report the $3 on your 8938. You should specify it for all of your $3 transactions, or put them in as a combined total if you have many of them. Now I am going to assume you have a Turbo Tax Software version in front of you and that you also have a 8938 form reading to record.
- First record your information in the 1099-INT and record the $3 interest payment (or combine payments if all from the same broker). Once you have done this, the amounts will appear on line 2b, on the form 1040 and line 4 on Schedule B.
- To report it on the 8938, Go to part 111. In Box 1C hit the plus sign to the left of the box and under reporting details, Type in 1099-INT and the amount of $3. 1D type in 1040 line 2b 1E type in Schedule B Line 4.
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