LinaJ2020
Expert Alumni

After you file

Maybe because the forms were not available yet.  As of today, this form has been available for both e-file and paper-file.   Make sure to update your program and try again.  Check forms update: Forms availability

 

  • If you are using the online version, it's an automatic update when you sign in and out. 
  • If you are using the TurboTax CD/Download software program, open TurboTax and select Check for Updates from the Online menu near the top.

To enter the Form 8938, here are the steps:

  • Open up your program if you have not done so
  • At the right upper corner, in the search box, type in "8938" and Enter
  • Select Jump to 8938
  • Follow prompts to enter info

 

 

If you live in the US and meet one of the following criteria, you would need to file a Form 8938.  

  • Unmarried individual (or married filing separately): Total value of assets was more than $50,000 on the last day of the tax year, or more than $75,000 at any time during the year.
  • Married individual filing jointly: Total value of assets was more than $100,000 on the last day of the tax year, or more than $150,000 at any time during the year.

For more information, click here: https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

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