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Reporting foreign accounts 8938
I have foreign bank deposit accounts that I am reporting on Form 8938. I have earned interest in these foreign accounts but I have not withdrawn from them so this income is not reported on any W-2s or other forms.
In form 8938, it asks me to fill in amounts related to income in Section 3. Does the interest earned in these accounts have to be reported here? The next fields ask me to report which form/schedule and line this interest is mentioned, but I don't know what would go there.
Also, for US brokerage accounts with foreign holdings, do I need to report any interest on form 8938?
Once I'm done filling all fields in TT, will I be able to manually edit the individual form fields before filing?
‎April 6, 2022
10:29 AM