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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"
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"
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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