Get Form 8938 Turbotax

The FBAR must be filed when a U.S. person has foreign bank accounts with an aggregate high balance of $10,000 at any point during the tax year. ... For Form 8938 purposes, by contrast, only foreign accounts in which the taxpayer has a direct ownership interest must be reported.

A TurboTax Online account can only be used for one federal tax return. To do a tax return for someone else, you have to use a different account. You cannot prepare another tax return with the same account that you used for your own return. You have to pay for each account separately.

It is not available in the Free File editions of TurboTax. FinCen Form 114 is not included in TurboTax, and you would need to access that reporting webpage separately, if your foreign financial assets total over the limit(s). ... FBAR reporting requirements are met with FinCen Form 114.

It is not available in the Free File editions of TurboTax. FinCen Form 114 is not included in TurboTax, and you would need to access that reporting webpage separately, if your foreign financial assets total over the limit(s). ... FBAR reporting requirements are met with FinCen Form 114.

You can fill out a physical copy of Form 8938 and mail it with the rest of your tax return and tax payment by the annual federal tax filing deadline. You can also e-file Form 8938 with the rest of your electronic tax return.

For most individual taxpayers, this means they will start filing Form 8938 with their 2011 income tax return. ... If you do not have to file an income tax return for the tax year, you do not need to file Form 8938, even if the value of your specified foreign assets is more than the appropriate reporting threshold.

You do not need to separately report the assets of a financial account on Form 8938, whether or not the assets are issued by a U.S. person or non-U.S. person.

FBAR, is that the Form 8938 is only filed when a person meets the threshold for filing AND has to file a tax return. So, if a person does not have to file a tax return (because for example, they are below the threshold) than the 8938 is not required in the current year either.

To get to the 8938 section in TurboTax (requires Deluxe or higher): Open or continue your return if you're not already in it. Search for 8938 and select the Jump to link at the top of the search results. On the Foreign Financial Assets screen, select Yes, I have foreign financial assets.