Tax Forms to Be Sent Late February for Real Estate Funds
The Real Estate Fund and Global Real Estate Fund have the potential to pay three types of distributions: ordinary income, long-term capital gains and/or a return of capital. The allocation of the dividend among the three components is not reported by the real estate investment trust (REIT) until after the close of its taxable year, typically December 31.
In order to determine the amounts of each distribution type reported on your annual Form 1099-DIV/B, we will delay sending these forms until late February. This postponed mail date is common among funds that invest in REITs.
If you are a client in one of these real estate funds, please wait to file your tax returns until you receive your Form 1099-DIV/B for these funds. If you own other funds that have taxable activity during the calendar year, the tax forms for those funds will be sent by January 31.