Independence Realty Trust Reveals 2024 Dividend Tax Details
Independence Realty Trust's 2024 Dividend Tax Treatment Unveiled
Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) recently shared crucial information regarding the tax treatment of dividends for 2024. This disclosure is particularly valuable for investors seeking to stay informed about their financial returns and tax obligations. Today, we’ll explore IRT's dividend distributions and offer insights into the implications for shareholders.
Understanding 2024 Dividends from IRT
The company has provided a detailed breakdown of expected dividend distributions slated for the year. According to reports that will be issued on Form 1099-DIV, the allocations consist of ordinary dividends and potential capital gains on common shares.
Key Distribution Details
IRT has declared the following dividends:
- Common Shares (CUSIP #45378A106)
| Record Date | Payment Date | Distribution Per Share | Ordinary Dividend | Total Capital Gain Distribution | Unrecaptured Sec. 1250 Gain | Section 897 Capital Gain | Return of Capital | Section 199A |
|---|---|---|---|---|---|---|---|---|
| 3/29/24 | 4/19/24 | $0.16000 | $0.01953 | $0.14047 | $0.07195 | $0.14047 | $0.00000 | $0.01953 |
| 6/28/24 | 7/19/24 | $0.16000 | $0.01953 | $0.14047 | $0.07195 | $0.14047 | $0.00000 | $0.01953 |
| 9/30/24 | 10/18/24 | $0.16000 | $0.01953 | $0.14047 | $0.07195 | $0.14047 | $0.00000 | $0.01953 |
| 12/31/24 | 1/17/25 | $0.16000 | $0.01953 | $0.14047 | $0.07195 | $0.14047 | $0.00000 | $0.01953 |
| Total | $0.64000 | $0.07812 | $0.56188 | $0.28780 | $0.56188 | $0.00000 | $0.07812 | |
Capital Gain Disclosure for Investors
Furthermore, in compliance with the regulations, IRT has informed its shareholders that the one and three-year amounts disclosure under section 1061 of the Internal Revenue Code will reflect $0.00 on each payment date. This applies to both direct and indirect holders of applicable partnership interests, and it’s essential for investors to understand these details.
Advisory for Shareholders
Investing in real estate can come with diverse taxation implications. Therefore, IRT suggests that shareholders consult their tax advisors to comprehend the federal, state, and local income tax ramifications of the announced dividends. Individual circumstances can vary widely in the context of tax planning.
About Independence Realty Trust, Inc.
Independence Realty Trust, Inc. (NYSE: IRT) is a notable real estate investment trust specializing in owning and managing multifamily communities across a range of U.S. markets. The company’s focus is on developing significant residential spaces in non-gateway cities, including areas like Atlanta, Dallas, and Denver.
The strategy behind IRT’s investment is to foster growth near major employment hubs, coupled with high-quality retail areas and excellent school systems. This approach not only aids in achieving a strong return on investment but also helps to provide residential solutions that meet the needs of the community.
As the real estate market evolves, IRT remains committed to strong portfolio management and operational excellence, which bolsters its goal of delivering attractive risk-adjusted returns to stockholders through consistent distributions and capital appreciation.
Frequently Asked Questions
What is the purpose of the tax treatment announcement?
The announcement details the tax status of dividends for 2024, helping shareholders understand their potential tax liabilities.
When will IRT distribute dividends?
Dividends are scheduled for various dates throughout 2024, with payments corresponding to specific record dates.
Why should shareholders contact tax advisors?
Tax implications can vary significantly for individual investors; thus, consulting a tax advisor ensures all aspects are well understood.
What markets does IRT focus on?
IRT primarily invests in multifamily communities situated in non-gateway markets throughout the U.S., targeting affordability and community amenities.
How does IRT ensure solid returns for shareholders?
By focusing on operational excellence, prudent investment strategies, and market analysis, IRT strives for consistent returns through capital appreciation and regular distributions.
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