Quick, someone dial 1099!
Some dividends declared by our funds are taxable in the current year, while some will be taxable in the previous year
What is throwback?
Our tax team intends to file this to eliminate the need for investors to file at the state level
What is a composite tax filing?
A distribution of earnings, often quarterly, by a company to its shareholders
What are dividends?
This form contains details like the description of the item sold, purchase and sale dates, acquisition cost, sale proceeds, and any federal tax withheld by the broker
What is a 1099-B?
Payment received from an investment that is not considered a taxable event and is not taxed as income. This type of distribution reduces an investor’s basis and is eventually taxed when an investor liquidates
What is return of capital?
This must be completed for every partner who resides in New Jersey and is taxed on their share of the partnership’s income.
These types of distributions are typically taxed at the same tax rate as long-term capital gains
What are qualified dividends?
To date, these occurrences have NOT not been considered taxable events so investors should not receive 1099-B's due to this
What are eREIT mergers?
This box on the 1099-DIV form shows the total ordinary dividends that are taxable
What is Box 1a?
This form is an extension of Schedule K-1 and is generally used to report a partner’s share of partnership operations that are relevant for international tax reporting
What is a K-3?
Shares of a REIT's profits passed to shareholders that are taxed as ordinary income
What are ordinary dividends?
If you received promotional shares of the Flagship Fund during the life of your investment, then this is missing from your 1099-B
What is cost basis?
This fund’s 2023 Q4 and 2024 Q4 dividends are not included in 2024 1099-DIVs
This part of the schedule K-1 reports the partner’s Share of Current Year Income, Deductions, Credits, and Other Items
Part III
This type of distribution will have the effect of reducing an eREIT's NAV by the proportionate amount of the distribution
What is a NAV Distribution?
An investor who received their 4Q2024 disbursement in 2025 should receive a 1099-B for this tax year
What is 2024?
39% of this fund’s 2023 Q4 dividend was included in the 2024 1099-DIV forms
The Income Fund
This part of the schedule K-1 includes information about the partner such as the beginning and ending loss, profit, and capital
Part II
These types of distributions reduce the shareholder's cost basis and is ultimately taxed as a capital gain when the investor redeems their investment
What is a return of capital?
Investors can find additional cost basis information in this part of their tax package
What is the Year-End Summary?