I need to file a form 8938. As reported here 4 years ago, TT is filling line 6 (Maximum value of all deposit accounts) incorrectly by simply summing up the "Maximum value of account during tax year" of all my foreign accounts. Because I move money among those accounts, the value TT calculates is much more than the amount I actually owned.
This bug has not been fixed in four years. In the past year, I just filed tax returns with this error. But this year, because I shifted a substantial amount of money between two accounts, the error is huge in the scale of tens of thousands, and I am not sure if I should file my tax return with this huge error.
I would like to know what Intuit recommends I do.
I thought I could just use Edit>Override in the Form mode and override the incorrect amount. But this article tells me that I would not be able to e-file and it would void the TurboTax's guarantee. I was going to purchase Audit Defense but that requires I use e-file.
Should I just file with the error and hope that use the Turbo Tax Guarantee to pay for the penalty if IRS audits me?
