topic Why Turbo tax doesn't report the amount entered for interest earn on foreign financial account? Is there a bug? in Deductions & credits

Why Turbo tax doesn't report the amount entered for interest earn on foreign financial account? Is there a bug?

sy-fiolleau — Tue, 03 Feb 2026 10:33:42 GMT

I was able to fill my foreign accounts and interest. Also fill the page 'where reported' where I indicate the amount the form, schedule and line. But nothing appears on the scheduleB

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

SusanY1 — Sun, 16 Feb 2025 19:38:35 GMT

It sounds like you are talking about the entry area for on Form 8938. This is an information only return, and doesn't have any live calculations. Part of the data reported on the form itself is the line numbers where the income can be found on the Form 1040 and its Schedules.

You will need to enter the interest in the interest income section of TurboTax for it to calculate in your return properly.

If you are entering this data somewhere other than the Form 8938 (report of foreign financial assets) section please let us know where you are seeing the questions asking for the form and line numbers.

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

sy-fiolleau — Sun, 16 Feb 2025 19:45:28 GMT

Hello,

Thank you for your reply.

I entered the interest on one page where it's indeed asked where it should appear:

But still nothing appears in my return. Is it normal?

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

sy-fiolleau — Sun, 16 Feb 2025 19:47:23 GMT

And I tried multiple option of filling this. Filled both Form, line and Schedule, Line, only form, line or only schedule, line

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

SusanY1 — Sun, 16 Feb 2025 19:51:03 GMT

This is normal. That is the entry area for Form 8938, which is an information only document. It seems like this should be an instruction to the program, but no data on the Form 8938 flows out to other forms, so it isn't a "live" area of the return.

It is a bit confusing that it asks this here, but it is just to record the answer on that specific form. When you review your return after it's completed, you'll see where your answer lands - which is Part III of Form 8938.

Return to wages and income, then interest and dividends. Even though you don't have a "Form 1099-INT", visit that section to enter the foreign interest.

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

sy-fiolleau — Sun, 16 Feb 2025 20:09:50 GMT

Thank you.

I found the form. But that's really strange to fill this form since I shouldn't have to.

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

sy-fiolleau — Sun, 16 Feb 2025 20:10:47 GMT

Also, one of the account from last year as been close how should I indicated it since Turbo tax seems to automatically tick no.

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

SusanY1 — Sun, 16 Feb 2025 20:14:18 GMT

If you don't meet the threshold to file Form 8939, you can delete it entirely.

Here is how:

From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
On the drop-down select Tools
On the Pop-Up menu titled “Tools Center,” select Delete a Form
This will show all of the forms in your return
Scroll down to the form you want to delete (Form 8938 in this case)
Select the Form
Click on Delete.

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

sy-fiolleau — Sun, 16 Feb 2025 20:18:16 GMT

What is this threshold?

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

sy-fiolleau — Sun, 16 Feb 2025 20:21:43 GMT

It seems I reach the threshold in terms of values not the interests earned. But it seems that it corresponds to the cumulated amount on the foreign account. So I'm above the threshold. However I have one account less than last year. How should I indicate this?

Re: Why Turbo tax doesn't report the amount entered for interest earn on foreign financial accoun...

DaveF1006 — Wed, 19 Feb 2025 14:46:19 GMT

To clarify, what do you mean you have one account less than last year? Do you mean you have an account value less than the reporting threshold?