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Generating Form 8886 in ProConnect Tax

by ProConnect Tax Online Updated 7 months ago

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

Individual:

  1. Go to Input Return Miscellaneous Forms Tax Shelter Statement (8886) Tax Shelter Statement (8886)
  2. Scroll down to 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 Input Return Miscellaneous Forms Ind. Involved in Reportable Transactions Tax Shelter Statement (8886)
  2. Scroll down to 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 Input Return Miscellaneous Forms Tax Shelter Statement (8886) Tax Shelter Statement (8886)
  2. Scroll down to 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 Input Return Miscellaneous Forms Tax Shelter Statement (8886) Tax Shelter Statement (8886)
  2. Scroll down to 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 Input Return Miscellaneous Forms Tax Shelter Statement (8886) Tax Shelter Statement (8886)
  2. Scroll down to 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 Input Return Miscellaneous Forms Tax Shelter Statement (8886) Tax Shelter Statement (8886)
  2. Scroll down to 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.
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