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Level 2
posted Apr 11, 2024 5:24:09 PM

Where to report Foreign Mutual Fund and Public Provident Fund (PPF) on form 8938

Where to report Foreign Mutual Fund and Public Provident Fund (PPF) on form 8938. Part V or Part VI?

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1 Best answer
Expert Alumni
Apr 11, 2024 5:29:49 PM

The mutual fund and the Provident Fund go in part V.  

Keep in mind that these assets may also require completion of Form 8621, which is not included in TurboTax.  

 

[EDITED 04/11/2024 5:45PM PDT]

3 Replies
Expert Alumni
Apr 11, 2024 5:29:49 PM

The mutual fund and the Provident Fund go in part V.  

Keep in mind that these assets may also require completion of Form 8621, which is not included in TurboTax.  

 

[EDITED 04/11/2024 5:45PM PDT]

Level 2
Apr 11, 2024 5:40:37 PM

Thank you for responding. Do they have to be reported even if the total value for both of them combined is less than $25k? I was reading 8621 exceptions and looks like I do not need to report them.

Expert Alumni
Apr 11, 2024 5:45:47 PM

You are correct, you would be the below the filing threshold.