14 unchanged sentences
0.26 23.0 % 0.28 21.2 %
−Removed: Unrecaptured Section 1250 gain (3)(4)(5)
+Added: Unrecaptured Section 1250 (2)
0.07 6.2 % 0.07 5.3 %
2 unchanged sentences
all section references are to the Code unless otherwise specified.
−Removed: Pursuant to Section 857(b)(9), cash dividends paid in January 2024 with a record date in December 2023 are treated as received by stockholders in 2023 to the extent of the Company’s 2023 earnings and profits.
−Removed: (2) Ordinary income dividends are treated as “qualified REIT dividends” for purposes of Section 199A.
−Removed: (3) None of the aggregate amounts allocated in 2023 as capital gains and unrecaptured Section 1250 gain represents One Year Disclosure Amounts and Three Year Disclosure Amounts for purposes of Section 1061.
−Removed: (4) All of the aggregate amounts allocated in 2023 as capital gain and unrecaptured Section 1250 gain represents a disposition of a United States real property interest pursuant to Section 897.
+Added: Pursuant to Section 857(b)(9), cash dividends paid in January with a record date in December of the prior year are treated as received by stockholders in the prior year to the extent of the Company’s earnings and profits.
+Added: For a complete understanding of dividend taxability, stockholders must consult their Form 1099-DIV or speak with their tax advisor.
(2) Capital gains and unrecaptured Section 1250 gain are designated as a capital gain dividend in accordance with Section 857(b)(3)(B), as redesignated by the Tax Cuts and Jobs Act, Pub.
17 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.