Form 8938

7 replies
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When filing the part V of the form 8938, on line 22 none of the selection is applied to my current year. Therefore, I did not mark any of them. However, the TurboTax keeps saying that it's not done.

RobertB4444Answer

Alumni - Intuit

Dear TurboTax,

Here I posted the same question of March 23, 2026. When TurboxTax will fix the bug of line 22 on form 8938?

Thanks.

The only reason to report the account is if is is open during the tax year. This does not mean that it was created during the tax year, just that it was operational during that time. Please check box A and continue on with the form.

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pk_

Level 15

@beamituofo , are you saying that your reportable Specified Foreign Asset is a bank account that you own ---

line 1, 2, 3 are all filled out, line 5 as 1, line 6 US$xxxxxx, line lines 7, 8, 9 are blank. Only other possible entry now is Part V, line 20 --(a) checked , 21 -- XXXXXXXXXX,

And now because you cannot check anything in line 22 --- Turbo is complaining ? You have filled out lines 23, 24, 25 through 28 -- yes ? And still Turbo complains ?

Please tell me more --- so I can simulate your case and see why Turbo is unhappy ---please

Is there more I can do for you ?

beamituofoAuthor

Level 2

Yes. I have filled out lines 23, 24, 25 through 28. And, now I did not check anything in line 22 because none of them are applied to the 2025 tax year for the first foreign bank account listed. Then, Turbotax complains.

When I checked the box "a" in line 22, "Account open during tax year," for the 2nd foreign bank account listed, TurboTax does not complain.

In other words, TurboTax requires me to fill in line 22 in order to pass the review.

Note your program does not have this problem in previous years. Thanks.