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Creating a FinCEN Form 114 (FBAR) report for a spouse in ProSeries

by Intuit Updated 2 months ago

If the client filed their Form 1040 using a Married Filing Jointly (MFJ) status, the individual listed as the taxpayer in a Federal 1040 will be assigned as the primary on the Form 114. In order to create a Form 114 for the spouse, you’ll need to create a new data file.

Follow these steps to create a Form 114 report for the spouse:

  1. From the File menu, select New Client.
  2. Under the Forms In Use section of the Forms Bar, select Form 1040: Individual Income Tax Return.
  3. Under the Part I - Personal Information section of the Federal Information Worksheet, complete the Taxpayer subsection using the spouse's information.
    • Only this individual's basic information is required.
  4. Scroll down to Part VI - Electronic Filing of Tax Return Information.
  5. Mark the File Form 114 Report of Foreign Bank and Financial Accounts (FBAR) electronically checkbox.
  6. Fill out the Foreign Bank Accounts Information worksheet for the spouse.
    • Refer to this resource to learn how to create Form 114 in your program.
  7. Click Save.
    • You may then proceed with electronically filing the Form 114 for only the spouse.
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