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What number to fill for "Amount Attributable to Foreign Financial Accounts" in form 8938
Hi,
My wife and I independently owned some foreign bank accounts and insurance policies. However, we do fill jointly for US income tax through Turbotax. When it comes to report "Amount Attributable to Foreign Financial Accounts" in form 8938 (as the figure below), should we just add up all our number together? Ex: My wife has $100 other income, and I have $200 interest. Then, we just put these number in the box?
Also, in the section of reporting Foreign Financial Account (see picture), it looks like no input to specify the account or policy belonged to my wife or me. Does it matter, or just list both my wife and mine account there one after another?
Thanks,
Max
‎February 16, 2022
1:21 PM