ProConnect HelpIntuit HelpIntuit

Generating Form 8886 in Lacerte

SOLVEDby IntuitLacerte Tax15Updated September 19, 2022

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.

Was this helpful?

You must sign in to vote, reply, or post
Lacerte Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.