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Section 897 Dividends

BobKamman
Level 15

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?  

0 Cheers
4 Comments 4
sjrcpa
Level 15

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.
BobKamman
Level 15

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?  

0 Cheers
abctax55
Level 15

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
sjrcpa
Level 15

I looked at IRC Section 897.

The more I know, the more I don't know.