RobertB4444
Expert Alumni

Get your taxes done using TurboTax

You will enter all foreign interest into TurboTax through the 1099-INT section.  You will tell the system that it is foreign interest and you didn't receive the 1099-INT during the interview.  Then it will report interest on line 2b of form 1040 and you will enter the amount reported there on form 8938.  

 

US brokerage accounts do not have a form 8938 requirement.  Only foreign held interests.

 

If you are using the TurboTax desktop software you can edit directly on the form in 'forms view'.  If you are using TurboTax online once you have completed and paid for the return you will be able to view the forms and then go back and edit the source data in order to make changes.

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