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Get your taxes done using TurboTax
Those are ignored on US tax returns.
Those are for foreign entities to use. Description of box 2f:
"Section 897 has to do with the classification of certain gains in property held by nonresident aliens and foreign corporations. These amounts are not applicable to US taxpayers. "US taxpayers" includes non-US citizens who file tax returns as US residents"
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎April 18, 2022
11:23 AM