AMH Reveals Tax Information for Upcoming Cash Distributions
AMH's Announcement on 2024 Cash Distributions
AMH (NYSE: AMH), a prominent integrated owner and developer of single-family rental properties, has recently shared important updates regarding the tax treatment related to its 2024 cash distributions.
Classification of Cash Distributions
For the tax year concluding on December 31, 2024, the Company has classified its quarterly cash distributions for various share classes. Understanding this classification is essential for shareholders as it directly affects their tax obligations.
Share Classes and Their Tax Implications
The quarterly cash distributions were segmented into three primary categories:
- Common shares
- 5.875% Series G redeemable perpetual preferred shares
- 6.25% Series H redeemable perpetual preferred shares
The specific classification of these distributions for the year is outlined below.
Distribution Breakdown
The cash distributions were classified as follows:
| Classification | 3/28/2024 | 6/28/2024 | 9/30/2024 | 12/31/2024 |
|---|---|---|---|---|
| Ordinary Dividend Income | 56.415249% | 56.415249% | 56.415249% | 56.415249% |
| Capital Gain Distributions | 43.584751% | 43.584751% | 43.584751% | 43.584751% |
| Total | 100.000000% | 100.000000% | 100.000000% | 100.000000% |
Understanding the Classifications
The Company has not yet filed its tax return for the year ended December 31, 2024, so the classifications of the cash distributions are based on the best available information. It’s crucial for shareholders to understand how these distributions will impact their personal tax situations.
Additional Insight on Tax Treatment
AMH encourages all shareholders to seek advice from their tax advisors. Here are some key considerations:
- Ordinary Dividend Income is treated as Internal Revenue Code (IRC) Section 199A Qualified REIT Dividend Income.
- A portion of capital gain distributions is recognized as gain from dispositions of U.S. real property interests under IRC Section 897 for foreign shareholders.
- The Company must follow specific Treasury Regulations that dictate the additional obligations related to tax reporting.
About AMH
As a leading player in the single-family rental market, AMH (NYSE: AMH) is dedicated to simplifying the leasing experience while ensuring high-quality living conditions across the nation.
Recently recognized by U.S. News as one of the Best Real Estate Companies to Work For, Fortune's Best Workplaces in Real Estate, and several other accolades, AMH has solidified its reputation for excellence.
As of September 30, 2024, AMH's portfolio comprises nearly 60,000 homes located in key regions throughout the country, including the Southeast, Midwest, and Southwest, showcasing the scale and impact of its operations.
Contact Information
For further inquiries, AMH provides contact points for media and investors:
Media Relations: Brian Nelson
Phone: (855) 774-4663
Investor Relations: Nicholas Fromm
Phone: (855) 794-2447
Frequently Asked Questions
What is the significance of the tax treatment announcement?
This announcement provides clarity on how cash distributions will be taxed, helping shareholders understand their tax implications.
Who should shareholders consult regarding their taxes?
Shareholders are encouraged to discuss their tax situations with personal tax advisors for comprehensive advice.
What types of shares were affected by this announcement?
The announcement includes common shares and two classes of preferred shares—Series G and Series H.
How often are the cash distributions made?
AMH typically makes quarterly cash distributions, detailed in their annual communications.
What accolades has AMH received recently?
AMH has been recognized in several categories including Best Real Estate Companies to Work For and most trusted companies in America.
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