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Generating Form 8886 in Lacerte

by Intuit• Updated 1 year ago

Below are instructions for generating Form 8886, Reportable Transaction Disclosure Statement, in ​Lacerte​. Choose the applicable module below for instructions.

Individual:

  1. Go to Screen 78, Tax Shelter Statement.
  2. Locate the Reportable Transactions (Both Pre-2003 & Post 2002) section.
  3. Mark the Transaction entered into after 12/31/02 checkbox.
    • This will report the transaction on Form 8886.
    •  If you don't select the checkbox, the program assumes the taxpayer entered into the transaction prior to January 1, 2003 and reports it on the Tax Shelter Disclosure Statements.
  1. Go to Screen 58, Tax Shelter Statement/Form 8886.
  2. Locate the Reportable Transactions (Both Pre-2003 & Post 2002) section.
  3. Mark the Transaction entered into after 12/31/02 checkbox.
    • This will report the transaction on Form 8886.
    •  If you don't select the checkbox, the program assumes the taxpayer entered into the transaction prior to January 1, 2003 and reports it on the Tax Shelter Disclosure Statements.
  1. Go to Screen 71, Tax Shelter Statement/Form 8886.
  2. Locate the Reportable Transactions (Both Pre-2003 & Post 2002) section.
  3. Mark the Transaction entered into after 12/31/02 checkbox.
    • This will report the transaction on Form 8886.
    •  If you don't select the checkbox, the program assumes the taxpayer entered into the transaction prior to January 1, 2003 and reports it on the Tax Shelter Disclosure Statements.
  1. Go to Screen 65, Tax Shelter Statement/Form 8886.
  2. Locate the Reportable Transactions (Both Pre-2003 & Post 2002) section.
  3. Mark the Transaction entered into after 12/31/02 checkbox.
    • This will report the transaction on Form 8886.
    •  If you don't select the checkbox, the program assumes the taxpayer entered into the transaction prior to January 1, 2003 and reports it on the Tax Shelter Disclosure Statements.
  1. Go to Screen 72, Tax Shelter Statement/Form 8886.
  2. Locate the Reportable Transactions (Both Pre-2003 & Post 2002) section.
  3. Mark the Transaction entered into after 12/31/02 checkbox.
    • This will report the transaction on Form 8886.
    •  If you don't select the checkbox, the program assumes the taxpayer entered into the transaction prior to January 1, 2003 and reports it on the Tax Shelter Disclosure Statements.
  1. Go to Screen 82, Tax Shelter Statement (8886).
  2. Locate the Reportable Transactions (Both Pre-2003 & Post 2002) section.
  3. Mark the Transaction entered into after 12/31/02 checkbox.
    • This will report the transaction on Form 8886.
    •  If you don't select the checkbox, the program assumes the taxpayer entered into the transaction prior to January 1, 2003 and reports it on the Tax Shelter Disclosure Statements.
Lacerte Tax 2022

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