Retirement tax questions

The checkmark will be listed in box 12 of your 2019 1099-R. Please view my screenshot below for reference. The acronym FATCA stands for the Foreign Account Tax Compliance Act. Taxpayers who file a return that includes foreign assets with an aggregate value of more than $50,000 are required to report their assets on form 8938. If your 1099-R form has a checkmark in box 12, then you meet this filing requirement and must attach Form 8398 to your tax return. If there is no checkmark, then you are not required to do so.

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