Is there a Turbotax support for the following forms?form 3520, form 3520-A, form 5471, form 8621, form 8865

Forum|Forum|1 year ago
January 25, 2025
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Foreign asset filing requirements along with FBAR

Best answer by DoninGA

TurboTax does not support IRS Form 3520, 3520-A, 5471, 8621 or 8865

DoninGAAnswer

Employee

TurboTax does not support IRS Form 3520, 3520-A, 5471, 8621 or 8865

texasuser54Author

Thx for the quick reply.

Since Turbotax does not support these forms, I need to print & fill these forms manually. Do I send these forms to IRS with 1040 or Are these forms part of FBAR requirements & need to be submitted with FBAR?

Are there Tax experts who can help for such forms? What are the fees?

Thx

DoninGA

Employee

@texasuser54 I can point you to the IRS website for comparison of filing either a Form 8938 and an FBAR using FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR) - https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

And the IRS website for reporting an FBAR - https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar

I am not familiar with the forms you posted except the Form 3520. Since none of these forms are supported by TurboTax there are no way to assist you even through a paid TurboTax Tax Expert.