The term “United States real property interest” has the meaning given to such term by section 897(c).
The term “foreign person” means any person who is not a United States person.
United States real property interests held by a partnership, trust, or estate shall be treated as owned proportionately by its partners or beneficiaries.
United States real property interests held by the spouse or any minor child of an individual shall be treated as owned by such individual.
All returns required to be made under this section shall be made at such time and in such manner as the Secretary shall by regulations prescribe.