Generate Form 8938
You have to use Form 8938 to report foreign financial assets, even if you also have to file FinCent Form 114.
- In the 8938 screen in theForeign Bank & Assetfolder, enterXin the appropriate field in the Form 8938 - General Information section.
- Go toForeign Bank & Assetand select the8938screen.
- Complete the information in the Form 8938 - General Information section.
- Complete any other fields on this screen.
- Go to the8938-2orFrgnAcctscreen in theForeign Bank & Assetfolder.
- Enter financial information for Parts I, II, V, and VI.noteYou can use theFrgnAcctscreen to enter information for both Form 8938 and FinCEN Form 114.