Form 8938 - Statement of Specified Foreign Financial Assets
1
You must file IRS Form 8938, Statement of Specified Foreign Financial Assets, if you have an interest in specified foreign assets and the value of those assets is more than the applicable reporting threshold. See the IRS Instructions for Form 8938 and Basic Questions and Answers on Form 8938 for more information.
To enter the information for Form 8938 in the TaxAct program, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Resources.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Under My Return, click Federal Search.
Click the Investment Income drop-down, then click Specified foreign financial assets.
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Investment Income drop-down, then click Specified foreign financial assets.
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Investment Income drop-down, then click Specified foreign financial assets.
Complete the rest of the interview process.
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