On which line are distributions from RICs and REITs to be reported: Line 7 (U.S. dividends), line 11 (income or loss from other pass-through entities), or elsewhere?
A. How a distribution from a RIC or REIT is reported on Schedule M-3 depends on how each distribution is designated. A distribution which is designated as a capital-gains dividend should be reported on Part II, line 23, Capital gains (losses). Dividends designated as ordinary dividends should be reported on Part II, line 7, U.S. dividends not eliminated in tax consolidation.
Related Questions
- Is a corporation eligible to claim a dividends–received deduction with respect to qualified dividends reported in the Dividends and Distributions section of the Informational Tax Statement?
- On which line are distributions from RICs and REITs to be reported: Line 7 (U.S. dividends), line 11 (income or loss from other pass-through entities), or elsewhere?
- Are cash distributions reported as taxable income?
