Dividends are taxable as they are earned income from your investments. They can be entered in TurboTax by using the instructions below.
There are no boxes 2e and 2f when I check the box for "my form has info in other boxes"
@danielslb wrote:
There are no boxes 2e and 2f when I check the box for "my form has info in other boxes"
Per the IRS 1099-DIV instructions:
Note. Only RICs and REITs should complete boxes 2e and 2f.
Boxes 2e and 2f do not need to be completed for recipients that
are U.S. individuals.
I double-checked this answer, as I had the same question. And it's true, the nonapplicability to U.S. citizens of both boxes is stated under both "section 897" and "box 2f" in the instructions. I wish TurboTax explained it in the "Other boxes are checked window, though."
I too wish Turbo Tax explained the nonapplicability to U.S. citizens of both boxes is stated under both "section 897" and "box 2f" in the instructions. Would've saved me some time and frustration.
You don't; leave it blank. 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.
From the instructions - Box 2f. Section 897 Capital Gain
Enter any amount included in box 2a that is section 897 gain from dispositions of USRPI (United States Real Property Interest). See Section 897 gain, earlier. Note. Only RICs and REITs should complete boxes 2e and 2f. Boxes 2e and 2f do not need to be completed for recipients that are U.S. individuals.
How do I enter 1099-DIV Box 2e and 2f with my turbo tax deluxe. My 1099DIVhave amounts in these boxes but my Turbo Tax Deluxe does not show box 2e or 2f , even when I click the other boxes option. So how can I enter the needed box 2e and 2f dividends?
You may not need it. The IRS Instructions for Form 1099-DIV show the following information (page 3).
'Section 897 gain. If a regulated investment company (RIC) described in section 897(h)(4) (A)(ii) or a real estate investment trust (REIT) disposes of a United States Real Property Interest (USRPI) at a gain, any distributions made to the extent attributable to such gain shall be treated as gain recognized by the recipient from the disposition of a USRPI (that is, the look-through rule).
If any part of the ordinary dividend reported in box 1a or capital gain distributions reported in box 2a is attributable to section 897 gains, report that gain in box 2e and box 2f, respectively. See section 897 for the definition of USRPI and the exceptions to the look-through rule.
Note. Only RICs and REITs should complete boxes 2e and 2f. Boxes 2e and 2f do not need to be completed for recipients that are U.S. individuals.
As DianeW777 said, according to the IRS Instructions for Form 1099-DIV: "Boxes 2e and 2f do not need to be completed for recipients that are U.S. individuals." You may therefore ignore this information.
@RLB62 wrote:
How do I enter 1099-DIV Box 2f in turbo tax?
As stated several times on this thread -
Boxes 2e and 2f do not need to be completed for recipients that are U.S. individuals.