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- Re: U.S. Citizen is conducting business (not incorporated) abroad, Form 8858 not available in ProConnect
U.S. Citizen is conducting business (not incorporated) abroad, Form 8858 not available in ProConnect
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ddoggy
Level 2
04-17-2023
01:31 PM
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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.
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IntuitCharlene
Moderator
04-18-2023
12:46 PM
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The 8858 would need to be prepared outside of ProConnect Tax.
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IntJimmy
Employee
04-18-2023
01:22 PM
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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.
