DaveF1006
Expert Alumni

Deductions & credits

It depends if you have entries in Box 6 and/or Box 7 in those forms. You may have paid foreign taxes if the banks invested in foreign funds as part of your portfolio. If not, here is something you can do to remove the error.

 

"Tax online,

  1. Sign into your account, select Pick up where you left off 
  2. Select Tax Tools, click on the drop down arrow
  3. Select Tools
  4. choose Delete a form
  5. Select Delete next to the form 8938 and other worksheets about foreign account and Continue with My Return"

If you use Turbo Tax software, go to your forms mode. Locate form 8938 and delete the forms along with the worksheets that may be associated with it"

 

This is a helpful hint from LinaJ2020 written in her Turbo Tax post.


 

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