Instructions For Form 8886 - Reportable Transaction Disclosure Statement Page 7

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the disclosure limitations. See
involvement in the transaction
form is approved under OMB control
Regulations section 1.6011-4(b)(3) for
(purchaser, lender, seller, broker, etc.).
number 1545-0074 and is included in
more details.
Provide the country of incorporation or
the estimates shown in the instructions
existence for each foreign entity, if
for their individual income tax return.
If you checked box 2c, describe the
known. Describe the relationship
The estimated burden for all other
terms of the contractual protection. See
between you and any related entity and
taxpayers who file this form is shown
Regulations section 1.6011-4(b)(4) for
between or among any related entities
below.
more details.
(as described in section 267(b) or
If you checked box 2d, explain how
707(b)).
you calculated the basis of the asset for
Recordkeeping
10 hr., 16 min.
. . . . . . .
which there was a loss.
Learning about the law or
Paperwork Reduction Act Notice.
the form
4 hr., 50 min.
If you need more space, follow the
You are not required to provide the
. . . . . . . . . . . .
Preparing, copying,
instructions under
How To Complete
information requested on a form that is
assembling, and sending
Form
8886, earlier.
subject to the Paperwork Reduction Act
the form to the IRS
6 hr., 25 min.
. . . .
unless the form displays a valid OMB
Line 8
control number. Books or records
If you have comments concerning the
relating to a form or its instructions must
List all individuals involved in the
accuracy of these time estimates or
be retained as long as their contents
transaction. List all tax-exempt, foreign,
suggestions for making this form
may become material in the
or related entities involved in the
simpler, we would be happy to hear
administration of any Internal Revenue
transaction. Check the applicable
from you. You can send us comments
law. Generally, tax returns and return
box(es) for the type of entity. Attach
from IRS.gov/FormComments. Or you
information are confidential, as required
additional sheets where appropriate.
can write to the Internal Revenue
by section 6103.
Provide all information, including the
Service, Tax Forms and Publications,
name, EIN or SSN (include hyphens),
1111 Constitution Ave. NW, IR-6526,
The time needed to complete and file
and address, if known.
Washington, DC 20224.
this form will vary depending on
Include a brief description of each
individual circumstances. The estimated
listed individual's and each entity's
burden for individual taxpayers filing this
Instructions for Form 8886 (Rev. 8-2017)
-7-

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