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Screen 8886 - Reportable Transaction Disclosure Statement (1120)
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Overview
Reportable Transaction Information
Name of reportable transaction
Enter the name by which the transaction is known or commonly referred to. If no name exists, enter a short identifying description of the transaction that distinguishes it from other reportable transactions.
note
This is a mandatory entry to calculate and print Form 8886.
Initial year filer
Enter
X
in this field to indicate this transaction is being reported for the first time to the IRS. If this field is marked, Form 8886 is required to be filed separately, and the Form 8886 filing instructions and tax authority slipsheet will print.