I reported interest from a foreign account. How do I find what form and line it was reported on for Form 8938?

[GeoffreyG]

The short answer to your question is that if you are asked about the specific schedule and line where your foreign interest and / or dividends are reported, for purposes of completing Form 8938, you would answer that as follows.  For interest income it will be Form 1040, Schedule B, Line 1.  For dividend income it will be Form 1040, Schedule B, Line 5.

For a much more detailed discussion about this tax topic, please refer to the following AnswerXchange post:

https://ttlc.intuit.com/questions/3988314


Thank you for asking this important question.

[AmirK]

I have created form 8938 and reported interest of $8. this amount does not appear anywhere in my 1040 form and there is no schedule B generated by the tool. please advise how I get this foreign account interest reflected on my form 1040. 

[LinaJ2020]

You are required to file a Form 8938 when you are required to report your specified foreign financial assets if the total value of all the specified foreign financial assets in which you have an interest is more than the appropriate reporting threshold.  To see details, click here 8938 vs FBAR.  The number on this form does not get carried over to the Form 1040.  

If you need to report a foreign interest as income, you would need to create a Form 1099-INT to report the information ( as if you receive one) and it will be carried over to your Form 1040 

To create a Form 1099-INT, in TurboTax online, follow these steps:

@AmirK

• Sign in to your TurboTax account and select Pick up where you left off
• At the right upper corner, in the search box, type in "1099int" and Enter
• Select Jump to 1099int
• Follow prompts to report a foreign interest

[prabhacar007]

Thank you!

[groblercarla]

On which schedule and line would "other income" be reported?

[VolvoGirl]

Depends.  What is the other income from?  Did you get a tax form for it?