IRS Form: Instructions on Reportable Transaction Statement (IRC §6011)

Instructions to Form 8886, Reportable Transaction Disclosure Statement, released February 12. The form is used to disclose information for each reportable transaction in which a taxpayer participated. The update is the first since 2017. The instructions note new lines 7b, 7c, and 7d that request total dollar amounts of tax benefit(s), number of years of anticipated benefit, and total investment or basis in the reportable transaction. [IRS Form 8886 Instructions (Rev. Dec. 2019)]

Reference:
View Source Document.