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Business & farm

To correct your entries on form 8938 Statement of Specified Foreign Financial:

  1. Open or continue your return
  2. Search for 8938 and select the Jump to link at the top of the search results.
  3. On the Foreign Financial Assets screen, select Yes, I have foreign financial assets
  4. Answer yes or no to living in a foreign country, and select Continue.
  5. Answer yes or no to amount of foreign financial assets, and select Continue.

If you are required to file Form 8938, you must report the specified foreign financial assets in which you have an interest even if none of the assets affects your tax liability for the year.

 

For more information please check Instructions for Form 8938 (11/2021)

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