How to use or fill out 8938 instructions with our platform
- Click ‘Get Form’ to open the 8938 instructions in the editor.
- Begin by reviewing the general instructions. Understand that you must report specified foreign financial assets if their total value exceeds the applicable reporting threshold.
- Fill in your identifying information, including your name and taxpayer identification number (TIN), as shown on your annual return.
- In Part I, summarize your foreign deposit and custodial accounts. Report the number of accounts and their total maximum values.
- Proceed to Part II for other foreign assets. Provide details about each asset, including descriptions and maximum values during the tax year.
- If applicable, complete Part IV to identify any specified foreign financial assets reported on other forms to avoid duplicative reporting.
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