General information about Form 8938, Statement of Specified Foreign Financial Assets

Below, you'll find general information about Form 8938 and instructions on accessing the form in ProSeries Professional and ProSeries Basic.

What is the purpose of Form 8938?

From the Tax Help on Form 8938:

"PURPOSE

Form 8938, Statement of Specified Foreign Financial Assets, is used to report your interests in specified foreign assets if their value exceeds certain threshold limits."

Please see the Tax Help or government instructions for Form 8938, Statement of Specified Foreign Financial Assets for additional information, including who must file, specified assets, and thresholds.

How do I acess Form 8938 in ProSeries?

Follow these steps access Form 8938 in an Individual return:

1. Open the return.
2. From the Forms menu, choose Select Form (in ProSeries Professional) or Find Form (in ProSeries Basic).
3. Type 8938 and press Enter to open Form 8938.