
Generating the 7217 in ProConnect Tax
by Intuit•2• Updated 1 month ago
This article will help you get the 7217 in the partnership, S corporation, or individual tax return starting in 2024. This informational form won't impact the calculations on the tax return but may be required by the IRS. This form isn't automatically e-filed with the return and will need to be included as a PDF attachment. See the IRS instructions for who must file this form.
To generate the 7217 in the Individual return:
- Go to Input Return ⮕ Miscellaneous Forms ⮕ Partner's Report of Property Distribution.
- Complete Part I Aggregate Basis of Distributed Property on Distribution Date for each different distribution date.
- Use the + button on the top to enter additional copies.
- In Part II, enter the property that was distributed on the date.
- Make any basis adjustments as needed, such as 732(a)(2) or 732(b). See the IRS instructions for 7217 for more information.
- If e-filing: Print the completed 7217 to PDF. See the Partial print instructions here.
- Go to Input Return ⮕ General ⮕ Electronic Filing ⮕ e-file PDF/Miscallaneous.
- Select the PDF Attachment in the upper right corner.
- Select the Attach PDF button and browse to the PDF created in step 4.
- Under Link to form (defaults to main form), select Form 7217 - Partner's Report of Property Distributed by a Partnership.
To generate the 7217 in the Partnership return:
- Go to Input Return ⮕ Other Forms ⮕ Partner's Report of Property Distribution.
- Complete Part I Aggregate Basis of Distributed Property on Distribution Date for each different distribution date.
- Use the + button on the top to enter additional copies.
- In Part II, enter the property that was distributed on the date.
- Make any basis adjustments as needed, such as 732(a)(2) or 732(b). See the IRS instructions for 7217 for more information.
- If e-filing: Print the completed 7217 to PDF. See the Partial print instructions here.
- Go to Input Return ⮕ General ⮕ Electronic Filing.
- Select the PDF Attachment in the upper right corner.
- Select the Attach PDF button and browse to the PDF created in step 4.
- Under Link to form (defaults to main form), select Form 7217 - Partner's Report of Property Distributed by a Partnership.
To generate the 7217 in the S Corporation return:
- Go to Input Return ⮕ Other Forms ⮕ Partner's Report of Property Distribution.
- Complete Part I Aggregate Basis of Distributed Property on Distribution Date for each different distribution date.
- Use the + button on the top to enter additional copies.
- In Part II, enter the property that was distributed on the date.
- Make any basis adjustments as needed, such as 732(a)(2) or 732(b). See the IRS instructions for 7217 for more information.
- If e-filing: Print the completed 7217 to PDF. See the Partial print instructions here.
- Go to Input Return ⮕ General ⮕ Electronic Filing.
- Select the PDF Attachment in the upper right corner.
- Select the Attach PDF button and browse to the PDF created in step 4.
- Under Link to form (defaults to main form), select Form 7217 - Partner's Report of Property Distributed by a Partnership.