logo
Article Details
Rate This Article
In BNA 706 Preparer, how do I exclude a beneficiary from Form 8971 reporting?
BNA 706 Preparer
In BNA 706 Preparer, how do I exclude a beneficiary from Form 8971 reporting?
Here's how to exclude a beneficiary from Form 8971 reporting in BNA 706 Preparer.

By default, the program includes on Form 8971 all beneficiaries entered on Form 706, Part 4, Line 5. The Data Entry pane for each beneficiary entered on Form 706, Part 4, Line 5 contains a field called "Exclude beneficiary from Form 8971 reporting". Select this checkbox if the beneficiary is to be excluded from reporting on Form 8971. 

(See also “How do I exclude an asset from Form 8971 reporting so it does not appear on any Form 8971, Schedule A?”)

 
12/6/16