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You don't necessarily have to have income from foreign financial assets during the year to be required to file Form 8938 -- you only need to have interests in specified foreign financial assets to trigger the filing requirement.
See the following IRS resources for more information:
If you think you've inadvertently responded to a prompt in the TurboTax interview that's generating Form 8938 in TurboTax Online:
If this isn't what you're asking about, feel free to re-post with more information -- specifically, about what your interests are and why you don't think they trigger Form 8938.
Thank you! I do need form 8938 as I have foreign bank accounts -- but I simply need to report their existence and have no interest, credit, royalties, etc. associated with it. But even if I put 0 in all those categories, when I click to review files before submission, it prompts me to a page where it says enter the "schedule and line." It also gives me that same prompt for "other foreign assets," which I do not have.
Return to that section and remove the zeros and just leave those items blank. This should clear the error for you.
Unfortunately, it doesn't. Is there perhaps another way or a way to over-ride?
Just start over by deleting form 8938 and then reenter.
Now reenter by going to;
Leave all those Interest, Royalties, Dividends, other income blank. Be sure to report your Financial Accounts when you are asked and the balance in each account.
Let us know if this works.
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