The business owner has an LLC in the U.S. and sells products abroad. In 2021, the business reported all expenses and sales through the LLC. In 2022, he operated a store abroad (not incorporated abroad) and generated a loss. Since he has separate books now, Form 8858 (Information Return of U.S. Persons with respect to foreign disregarded entities and foreign branches) needs to be filed. I do not see this form available in ProConnect.
The 8858 would need to be prepared outside of ProConnect Tax.
ProConnect Tax Online does not currently support Form 8858. The form will need to be manually prepared and attached to the return. This return will need to be paper filed.
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