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February 26, 2021
Question

Form 8938 for 2020 tax filing

  • February 26, 2021
  • 1 reply
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When will the form 8938 be available to file via efile? 

    1 reply

    February 26, 2021

    Per update, it is available for e file today.  Make sure you update the program by following these steps:

     

    Are you using an online version or desktop?

    • If you are using the TurboTax CD/Download software program, open the program, from the top, under Online, select Check for Updates.  Click here: Updates
    • If you are using the online version, it's an automatic update when you sign in and out. 

     

    If you live in the US and meet one of the following criteria, you would need to file a Form 8938.  

    • Unmarried individual (or married filing separately): Total value of assets was more than $50,000 on the last day of the tax year, or more than $75,000 at any time during the year.
    • Married individual filing jointly: Total value of assets was more than $100,000 on the last day of the tax year, or more than $150,000 at any time during the year.

    For more information, click here: https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements