Turbo tax 2024 doesnt allow efile due to having form 3520

[craftindo]

1. Anyway to get around & trick?

This year 2024, i already bought turbo tax. 

2. any suggestion other software package? i'm thinnking of trying other free tax usa.

[JohnB5677]

Please clarify your question.

Unfortunately, we can't see your screen to see where you are, so I'll have to ask you a couple of questions.

Form 3520 is for Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts.

• Do you have foreign accounts?
• Do Foreign accounts show up on any other documents?
• Did you have foreign accounts reported last year?

This is a 2023 tax return being prepared in 2024.

Please contact us again with any additional questions or to provide some additional details.

[craftindo]

yes, correct.

You need to be aware that a lot of people wokring in USA are from everywhere around the world. And, lots of countries have their own version of 401k. This is counted as trust so lots of us need to file form 3520 which disquialified by Turbo tax to e-file. You allowed us in previous years, and this year is the cutting point that we migrate to another software to file.

You don't need to see my screen the title is clear form 3520. I don't need Turbo tax to file the form, but by disallowing us to efile means, dissallowing us to give money to turbo tax.

[JohnB5677]

I did some further research on the 3520 issue. 

This is a known issue.

Currently, TurboTax does not support the E-filling of this form.

You probably have an 8938 to go along with the 3520.

TurboTax does support the 8938.

If you are filing an 8938 (Statement of Specified Foreign Financial Assets) and you indicate that you have a 3520 (Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts), it will stop the E-file.

This can only be filed by mail, and TurboTax does not support an E-file at this time.

You will have to file it by mail.

However, if you are reporting a bank account or an investment account on the 3520 you can duplicate the entry on 8938 and leave off that 3520 indicator.

@craftindo