What are the tax implications of REITs?
An example of an AI chatbot conversation about tax implications of Real Estate Investment Trusts.
What are the tax implications of investing in REITs?
Investing in REITs can have various tax implications, including how dividends are taxed and potential capital gains.
Are REIT dividends taxed as ordinary income?
Yes, REIT dividends are typically taxed as ordinary income, which can be higher than the capital gains tax rate.
What about tax benefits for REIT investors?
REIT investors may benefit from the 20% qualified business income deduction, depending on their income level.
How do capital gains work with REITs?
Capital gains from selling REIT shares are taxed at the capital gains tax rate, which varies based on how long you've held the shares.
Are there any tax advantages to investing in REITs in a retirement account?
Yes, holding REITs in a retirement account can defer taxes on dividends and capital gains until withdrawal.
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