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In BNA 706 Preparer, how do I exclude an asset from Form 8971 reporting so it does not appear on any Form 8971, Schedule A?
BNA 706 Preparer
In BNA 706 Preparer, how do I exclude an asset from Form 8971 reporting so it does not appear on any Form 8971, Schedule A?
Here's how to exclude an asset in BNA 706 Preparer from Form 8971 reporting so it does not appear on any Form 8971, Schedule A.

The Data Entry pane for each asset entered on the Schedules A-I in the Form 706 contains a field called “Exclude asset from Form 8971 reporting". Select this checkbox if the asset falls into one of the asset categories that are exempt from the Form 8971 reporting requirements. If the checkbox is selected, the asset will not appear on any Form 8971, Schedule A. 

(See also “How do I exclude a beneficiary from Form 8971 reporting?”)

 
12/6/16