Skip to content
ChatProjectCodes

Instructions for Form 8938›! individual, you must include›Specific Instructions

Part IV. Excepted Specified Foreign Financial Assets

1121 Inst 8938 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States

If you reported a specified foreign financial asset on certain other forms listed below for the same tax year, you may not have to report it on Form 8938. However, you must identify the form where you reported the asset by indicating how many forms you filed.

For more information, see Duplicative Reporting , earlier. If you reported a specified foreign financial asset on one or more of the following forms, enter the number of forms filed.

  • Form 3520.

  • Form 3520-A.

  • Form 5471.

  • Form 8621.

  • Form 8865.

Foreign Grantor Trusts

If you are treated as an owner of any part of a foreign grantor trust, you may have to file Form 8938 to report specified foreign financial assets held by the trust. If you are a beneficiary of the foreign trust, you may have to file Form 8938 to report your interest in the trust. You do not have to report on Form 8938 any specified foreign financial asset held by the trust or your interest in the trust if you report the trust on a Form 3520, you timely file for the tax year, and the trust timely files Form 3520-A for the tax year.

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — 1121 Inst 8938 (PDF)
1121 Inst 8938 (PDF)

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.