Form 8938

I have foreign bank deposit greater than $50000 and I filled out form 8938 . When I checked schedule b line 1, the interest input for that foreign bank did not appear. Then I checked 1040, that interest income also was missing.
I never have this problem in previous years with TurboTax, the foreign interest has always been transferred to schedule b line 1 automatically.

Your help would be much appreciated.

988

Expert Alumni

Mar 10, 2025 7:48:32 AM

Form 8938 in TurboTax is an information only form. The interest reported on it is meant to match with (not populate) interest entries entered in the income section of the software.

You will need to return to the interest section of TurboTax and separately enter the income from the account. You will find this under Wages & Income, 1099-INT (even though you won't have this form, you will be able to enter the source and amount here.)

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Form 8938