☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 18, 2022 10:58:47 AM

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

0 2 3339
1 Best answer
Level 15
Apr 18, 2022 11:23:46 AM

@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"

2 Replies
Level 15
Apr 18, 2022 11:23:46 AM

@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"

New Member
Apr 21, 2022 5:16:21 AM

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