Section 897 Gain on 1099-DIV

Technical topics regarding tax preparation.
#1
ocdtax  
Posts:
162
Joined:
16-Feb-2021 4:37pm
Location:
FL
What are we supposed to do with the information reported in the Section 897 gain box of 1099-DIV?
 

#2
JAD  
Posts:
4022
Joined:
21-Apr-2014 8:58am
Location:
California
Form instructions:

Box 2e. Shows the portion of the amount in box 1a that is section 897 gain
attributable to disposition of U.S. real property interests (USRPI).
Box 2f. Shows the portion of the amount in box 2a that is section 897 gain
attributable to disposition of USRPI.
Note: Boxes 2e and 2f apply only to foreign persons and entities whose income
maintains its character when passed through or distributed to its direct or
indirect foreign owners or beneficiaries. It is generally treated as effectively
connected to a trade or business within the United States
 


Return to Taxation



Who is online

Users browsing this forum: AlexCPA, dellpaul, Google [Bot], Google Adsense [Bot], JoJoCPA and 66 guests