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Resource Capital Corp. Message Board

  • nschwartz_99 nschwartz_99 Nov 21, 2012 4:24 PM Flag

    Dividend tax status 2012

    Follow-up to earlier post. I've emailed Purvi (Investor Relations) twice without any answer. Think I would get a reply with the large number of shares we own. Anyhow, I would welcome any other guesstimates from anyone here what percentage of the distributions would be non-taxable for whatever reasons, ROC, loss carryforwards that could be credited against REIT taxable income, etc., or estimates of what RSO will have this year in REIT taxable income. Would helpful for all of us in tax planning towards the end of the year. Thanks for anyone who could share their thinking. Good luck and Happy Holiday to all.

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    • Last year, all SEC Form 8937 filings were made in December. If there is any ROC for this year, we may see something within the next 2-3 weeks.

      I find it easier to have extra Federal taxes withheld, and I assume all of my dividends are taxable. Things such as MLPs are treated differently. For 2013, tax rates and/or new taxes are a big question mark. There is no way I can adjust any withholdings until I know the details.

      Are you trying to do a final estimate for 2012?

      • 1 Reply to sonnenwayne
      • Yes, thanks for the reply,Wayne. Judging what to make the final estimated Fed tax in December which of course is deductible against our Fed taxes. I see RSO's GAAP income and I don't know how to really relate that to REIT taxable income because last year looking at the same numbers there was a fairly big difference between the final GAAP number of 0.53/share vs the amount of the distribution that became ROC. Next year I am planning with estimated taxes to assume all the mREIT distributions I get will be 100% taxable. I'll try to see if I can locate the SEC Form 8937 filing in December. Thanks for that info.

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