Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
mauipainter
New Member

My wife who lives overseas has a stock with a foreign brokerage firm. Where do I put this on my tax return? Is there a form for this?

 
1 Best answer

Accepted Solutions
DoninGA
Level 15

My wife who lives overseas has a stock with a foreign brokerage firm. Where do I put this on my tax return? Is there a form for this?

It depends on the value of the foreign assets on whether a Form 8938, a FinCen Form 114 or both need to be reported.

See this IRS website for a Comparison of Form 8938 and FBAR Requirements - https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

Using TurboTax enter 8938 in the Search box located in the upper right of the program screen.  Click on Jump to 8938

View solution in original post

1 Reply
DoninGA
Level 15

My wife who lives overseas has a stock with a foreign brokerage firm. Where do I put this on my tax return? Is there a form for this?

It depends on the value of the foreign assets on whether a Form 8938, a FinCen Form 114 or both need to be reported.

See this IRS website for a Comparison of Form 8938 and FBAR Requirements - https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

Using TurboTax enter 8938 in the Search box located in the upper right of the program screen.  Click on Jump to 8938

Dynamic AdsDynamic Ads
Privacy Settings
v