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Level 2
posted Mar 13, 2021 1:04:35 PM

TurboTax Premier and form 8938 not working as I expected

I have TurboTax premiere and have entered all the data for my foreign accounts which give me no dividends, interest, etc. So there is no financial gain to declare other than I have some accounts. The problem is that I used TurboTax last year and had no problems. Now using TurboTax for 2020 I keep getting, "Check this entry, form 8938: Interest I form must be entered? What is the software asking me and why? Going into the software I found an area where it looks like it wants to know what form and line are the foreign account numbers entered. The problem is as a user entering data I don't know how to answer the question: Check this entry, form 8938: Interest I form must be entered?

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1 Best answer
Level 2
Mar 13, 2021 2:11:47 PM

I figured out this was not a problem because I just entered all zeroes for the dividend's, etc. Then the errors went away. Given I had no income to report this was not a problem.

1 Replies
Level 2
Mar 13, 2021 2:11:47 PM

I figured out this was not a problem because I just entered all zeroes for the dividend's, etc. Then the errors went away. Given I had no income to report this was not a problem.