Screen 8938 - Statement of Specified Foreign Financial Assets (1065)

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Overview

note
  • Use the
    FrgnAcct
    screen to enter information for Form 8938, Part V.
  • Use the
    8938-2
    screen to enter information for Form 8938, Part VI.
  • Filing Form 8938 doesn't relieve you of the requirement to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
  • Electronic Filing:
    See General and input screen-specific topics for electronic returns for data-entry guidelines to prevent electronic filing rejections.

General Information

Use this section to suppress the printing of Form 8938 and to enter the name and taxpayer identification number for specified individuals who closely hold the partnership for Form 8938, Page 1. Individuals entered in this section are added to partners with
Specified individual who closely holds the partnership
selected in the
Federal
tab in the
Partner Information
window in
Partner Data Entry
.
Suppress printing of Form 8938
Enter
X
To prevent the printing of Form 8938 if the partnership doesn't meet the reporting requirements. Form 8938 calculates and prints when information is proforma'd or entered on the
8938
,
8938-2
, or
FrgnAcct
screen.

Excepted Foreign Financial Assets

note
  • Foreign financial assets reported on these forms don't need to be included on Form 8938.
  • For the exception to apply, you'll need to select the Check if any excepted specified foreign assets are reported on this form field(s) on Forms 3520, 3520-A, 5471, 8621, and 8865.

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