Jump to content
ATX Community

Section 897


Recommended Posts

I was today years old when I saw my first Section 897 Dividends and Capital Gains on a 1099-Div.  Had to look it up and remind myself exactly what it is, and I have been doing this for 20 years.  Hmmm.  

Link to comment
Share on other sites

14 minutes ago, Catherine said:

You're way ahead of me, @jasdlm because I haven't a clue what a Section 897 Dividend is and would have to look it up if I ever saw one. Thirty years of doing tax returns and not something I have ever run into.

What Catherine said.   I am waiting for someone to post what the heck that is....just have not had the time or the inclination to look it up myself.

Longview, TX

  • Like 5
Link to comment
Share on other sites

On 4/20/2023 at 4:21 PM, BulldogTom said:

I am waiting for someone to post what the heck that is

I looked it up, and the summary blurby said this: "Section 897 Dividends refers to any distributions made to the extent attributable to a Section 897 capital gain. This capital gain is defined as US Real Property Interests (USRPI) and is recognized by the recipient from the disposition of a USRPI."

Good thing they added the bit about USRPI gain, because the first sentence all by itself is as useless as as a glass of water against a blast furnace's fire.

  • Like 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...