Jun 7, 2019 · Form 8833, Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b), is not available in TurboTax. You may access the form directly on the IRS website at this link: Form 8833 You can generate Form 8891, U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans, by answering questions in that section ...

Jun 4, 2019 · Section 179 full depreciation in first year, but TT keeps including 168(k)(7) Special Depreciation Allowance Election form in Get your taxes done using TurboTax About

Mar 19, 2023 · If you are required to file a Form 8938 and you have a specified foreign financial asset reported on Form 3520, Form 3520-A, Form 5471, Form 8621, Form 8865, or Form 8891, you do not need to report the asset on Form 8938.

Nov 8, 2021 · P.S. I had the advantage here of having TurboTax Business, which allowed me to use the Form 8990 functionality there to hammer out the form. Not ideal, as I had to create a "pseudo Form 1065" for myself to do it, but it seems to have worked - as long as I can correctly understand how Form 8990 relates to 1040 and its related schedules.

Jun 3, 2019 · One is known as IRS Form 8938, which is included in TurboTax and can be attached to the relevant yearly Form 1040 tax return. The other is FinCen Form 114, which can only be filed via the internet. The following Internal Revenue Service webpage describes them in some detail, and provides their dollar value reporting levels:

Jan 16, 2023 · As Form 8891 is no longer required, do we have to enter RRIF in FATCA? Is RRIF a custodian account? Or it should be other financial assets

Form 8891, for U.S. individuals with certain foreign retirement plans, which is no longer required but was relevant in prior years. By reporting the number of these forms on Line 15 of Part IV of Form 8938, the taxpayer is indicating to the IRS that although these specified foreign financial assets are not being detailed on Form 8938, they have ...

Below is the quote of IRS website instruction:If you are required to file a Form 8938 and you have a specified foreign financial asset reported on Form 3520, Form 3520-A, Form 5471, Form 8621, Form 8865, or Form 8891, you do not need to report the asset on Form 8938.

Feb 26, 2025 · The IRS Revenue Procedure 2014-55 eliminated the requirement to file Form 3520 or Form 3520-A for Canadian RRSPs and RRIFs, provided that: The U.S. taxpayer makes an election to defer U.S. taxation of earnings inside the RRSP/RRIF under Article XVIII(7) of the U.S.-Canada Tax Treaty. The election is reported on Form 8891 (prior years) or now on ...

Jun 4, 2019 · In 2014 the IRS dropped Form 8891 that Canadians needed to file to get a tax deferral on their earnings. Under this change, many Americans and Canadians with registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) now automatically qualify for tax deferral similar to that available to participants in U.S ...