Instructions For Form 8898 - Statement For Individuals Who Begin Or End Bona Fide Residence In A U.s. Possession - 2016 Page 5
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51. You made a designation of
more than its adjusted basis. See Pub.
nontax criminal laws, or to federal law
homestead property or otherwise filed
544 for the definitions of amount
enforcement and intelligence agencies
or recorded a declaration concerning
realized and adjusted basis.
to combat terrorism.
property under a state homestead
Special source rules apply to
You are not required to provide the
exemption law, or
gains from dispositions of
information requested on a form that is
!
2. You applied for or took a
certain property within 10 years
subject to the Paperwork Reduction Act
CAUTION
homestead tax exemption from state or
of becoming a bona fide resident of a
unless the form displays a valid OMB
local property taxes.
U.S. possession. See Special Rules for
control number. Books or records
Gains From Dispositions of Certain
relating to a form or its instructions must
Lines 26 and 27
Property in Pub. 570 for more
be retained as long as their contents
information.
See chapter 2 of Pub. 570 for
may become material in the
information to determine the source of
administration of any Internal Revenue
income.
law. Generally, tax returns and return
Privacy Act and Paperwork Reduc
information are confidential, as required
tion Act Notice. We ask for this
Line 28
by Code section 6103.
information to carry out the Internal
For stocks and bonds, indicate the
Revenue laws of the United States.
The average time and expense
country of origin of the stock company
Section 937(c) and its regulations
required to complete and file this form
or debtor, and for U.S. companies or
require that you give us the information.
will vary depending on individual
debtors, the state or possession of
We need it to determine if you are a
circumstances. For the estimated
incorporation or formation.
bona fide resident of a U.S. possession.
averages, see the instructions for your
If you do not provide this information or
For example, if you own shares of a
income tax return.
provide false information, you may be
U.S. publicly-traded Delaware
If you have suggestions for making
subject to penalties. We may disclose
corporation, the investment is
this form simpler, we would be happy to
this information to the Department of
considered located in the United States
hear from you. See the instructions for
Justice for civil and criminal litigation,
(that is, Delaware), even though the
your income tax return.
and to cities, states, the District of
shares of stock are stored in a safe
Columbia, and U.S. commonwealths
deposit box in a foreign country or
and possessions for use in
possession.
administering their tax laws. We may
Line 32
also disclose this information to other
countries under a tax treaty, to federal
A gain is the amount you realize from a
and state agencies to enforce federal
sale or exchange of property that is
Instructions for Form 8898 (122016)
5
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