DaveF1006
Expert Alumni

Retirement tax questions

I mentioned earlier that unrealized gains needed to be reported on the 8938. I read this in an article as i was researching this but I think this information in the article was posted in error. I looked in 8938 instructions and there is no reference to unrealized gains and losses.

 

Turbo Tax expert DavidD66 mentions in this post that "you would only have capital gains (or losses) to report if you had sales transactions. You don't need to report unrealized gains/losses". 

 

At this point, remove the entry you made. Unless you had a sales transaction reported in a form or schedule, you do not need to report this.

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