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I have capital gain income - section 897 and don't know where to put it

1099 -DIV, line 2f Section 897.  Line is not on form
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I have capital gain income - section 897 and don't know where to put it

@1371frigga 

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.*

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2 Replies

I have capital gain income - section 897 and don't know where to put it

@1371frigga 

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.*

I have capital gain income - section 897 and don't know where to put it

Thanks, this helped a lot.  I guess I needed the tax booklet instead of relying on TurboTax to have the explanation.  I had not used the community before and I appreciate your prompt response.  Ginny

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