Maximize Your Dividend Earnings: A Guide to BHM’s 2024 Tax Reporting
Description:
NEW YORK, Jan. 31, 2025 /PRNewswire/ — Bluerock Homes Trust, Inc. announced today that the income tax treatment for 2024 dividends on the Company’s common stock and preferred stock is as follows: 2024 REPORTING INFORMATION (FORM 1099) – DIVIDENDS The income tax treatment for 2024 dividends for Bluerock Homes Trust, Inc.’s Class A common stock, traded on the NYSE American Exchange under ticker symbol BHM, and Class C common stock, are as follows (as reported on Form 1099-DIV): Class A Common Stock, CUSIP #09631H100, and Class C Common Stock: Class A & C Common Stock Record Date Payable Date Distribution Rate Per Share Ordinary Dividend Rate Non-Dividend Rate Total Capital Gains Rate Total 12/29/2023 1/5/2024 $0.840551 0.000000% 100.000000% 0.000000% 100.000000% Please note that, of the one-time, special cash dividend of $1.00 per share of the Company’s Class A common stock and Class C common stock paid on January 5, 2024, $0.159449 was included in the 2023 taxable dividend, and $0.840551 is included in tax year 2024 as a non-dividend / return of capital for federal income tax purposes.
Series A Preferred Stock
The income tax treatment for 2024 dividends for Bluerock Homes Trust, Inc.’s Series A Preferred Stock, is as follows (as reported on Form 1099-DIV): Series A Preferred Stock CUSIP #s: 09631H209, 09631H308, 09631H506, 09631H605, 09631H704, 09631H803, 09631H886, 09631H878, 09631H860, 09631H852, 09631H845, 09631H837, 09631H829, 09631H811, 09631H795, 09631H787, 09631H779, 09631H761, 09631H753, 09631H746, 09631H738, 09631H720, 09631H712, 09631H696, 09631H688, 09631H670, 09631H662, 09631H654, 09631H647, 09631H639, 09631H621, 09631H613, and 09631H597.
How Will This Affect Me?
As an investor in Bluerock Homes Trust, Inc., understanding the tax treatment of your dividends is crucial for accurate reporting of your earnings. Knowing the breakdown of the dividend rates and how they are classified for tax purposes can help you maximize your earnings and ensure compliance with federal income tax regulations.
How Will This Affect the World?
The accurate reporting and tax treatment of dividends by companies like Bluerock Homes Trust, Inc. contribute to transparency in the financial markets. By following regulatory guidelines and providing clear information to investors, companies can help maintain trust and integrity in the global economy.
Conclusion:
Maximizing your dividend earnings requires a comprehensive understanding of the tax reporting guidelines set forth by companies like Bluerock Homes Trust, Inc. By staying informed and following the reporting information provided, investors can make informed decisions to optimize their financial returns. Additionally, companies that adhere to proper tax reporting practices contribute to a trustworthy and transparent financial environment on a global scale.
