Requirements for Form 8903 reporting members (1120)
A reporting member is the member of an EAG selected to complete Form 8903 and allocate the deduction for the EAG. If a C Corporation is a reporting member, the corporation must complete Form 8903, lines 10 through 16 and lines 18 through 22, for the entire group. This group member must also complete the following steps.
- Enter the portion of the deduction allocated to the other members of the EAG as a negative number on line 24.
- Complete lines 23 and 25.
- Attach a schedule showing how the reporting member calculated its own QPAI.
- Attach a schedule that shows how the DPAD was calculated for the group and each member's name, EIN, and share of DPAD.
- Provide a copy of the group DPAD calculation to the other members of the group, who must also attach the statement to their tax return.
Related topic: UltraTax/1120 procedures
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