BobKamman
Level 15
‎03-31-2024 06:45 PM

Has anyone found a return where entering these amounts makes a difference?  Is anyone else hoping a client with them is audited, so the revenue agents will admit they have no idea either?  

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sjrcpa
Level 15
‎03-31-2024 08:01 PM

It's only going to matter for a nonresident alien or foreign corporation.

I don't bother entering it otherwise.


The more I know the more I don’t know.
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BobKamman
Level 15
‎03-31-2024 11:37 PM

Really?  I hope that's correct.  We can usually trust you.  Did you happen to find that while looking for something else?  Or do you go to seminars?  

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abctax55
Level 15
‎04-01-2024 01:27 AM

I'm with Susan on this... I remember researching it a while ago and determined it was N/A for my clients.

HumanKind... Be Both
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sjrcpa
Level 15
‎04-01-2024 09:35 AM

I looked at IRC Section 897.


The more I know the more I don’t know.
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