Corporate shareholders should consult their tax advisers with respect to the potential applicability of Internal Revenue Code Sec. 291(d) on the amount reported in Box 2a, Total Capital Gain Distributions.
This spreadsheet and the accompanying instructions do not constitute, and should not be considered a substitute for, legal advice. The rules governing the proper tax characterization of distributions by REITs can be complex. Each REIT should consult its own tax advisor regarding the proper tax characterization and reporting of the REIT’s distributions.