Oregon asks whether you filed Federal Form 8886, Reportable Transaction Disclosure Statement, with your federal tax return.
This question helps Oregon identify taxpayers who participated in certain reportable transactions that must also be disclosed to the Oregon Department of Revenue.
Program Entry
Oregon Return → Basic Information → Filed Federal Form 8886
What Is Federal Form 8886?
Federal Form 8886 is used to disclose participation in a reportable transaction to the Internal Revenue Service (IRS).
Reportable transactions are certain transactions identified by the IRS that may have the potential for tax avoidance or tax benefits that require additional disclosure.
If Federal Form 8886 was required to be filed with your federal return, Oregon may also require disclosure of that information.
When Should I Answer Yes?
Answer Yes if:
- You filed Federal Form 8886 with the IRS for the tax year; or
- You were required to disclose a reportable transaction on your federal return.
If you are unsure whether you filed Form 8886, review your federal return or consult the forms included with your federal filing.
When Should I Answer No?
Answer No if:
- You did not file Federal Form 8886; and
- You were not required to disclose a reportable transaction to the IRS.
Most taxpayers will answer No to this question.
How Does This Affect My Return?
Answering this question alerts Oregon that a reportable transaction disclosure may be associated with the return.
Additional documentation or disclosures may be required by the Oregon Department of Revenue if Federal Form 8886 was filed.
Notes
- Federal Form 8886 is generally filed only by taxpayers involved in specific reportable transactions.
- Most individual taxpayers are not required to file Form 8886.
- Answer this question based on whether Federal Form 8886 was filed with your federal return for the current tax year.
- Providing accurate information helps prevent delays in processing your Oregon return.