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Section 897 Capital Gain

Glen asked:

Hello, I have a Section897 Capital Gain for American Tower however do not see a drop down for Income Type in Bivio. Any idea what I should input as?

Those of you who have bought REIT's are seeing this as one of the income classifications this year.

If you have any non-resident aliens as members of your club, you will not be able to properly report this using bivio so you will need to have an accountant prepare your club taxes.

If you do not have any non-resident aliens as club members, you can report it as long term capital gains.

Laurie Frederiksen
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Thank you for the quick response Laurie, always appreciate everything you do.
Glen

Sent from my iPhone

On Feb 21, 2022, at 3:07 PM, Laurie Frederiksen <laurie@bivio.biz> wrote:



Glen asked:

Hello, I have a Section897 Capital Gain for American Tower however do not see a drop down for Income Type in Bivio. Any idea what I should input as?

Those of you who have bought REIT's are seeing this as one of the income classifications this year.

If you have any non-resident aliens as members of your club,  you will not be able to properly report this using bivio so you will need to have an accountant prepare your club taxes.

If you do not have any non-resident aliens as club members,  you can report it as long term capital gains.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list.  Click here to  Unsubscribe