AvalonBay Communities Announces 2022 Dividend Income Tax Treatment
ARLINGTON (Va.), January 17, 2023–(BUSINESS WIRE)–AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB) announced today the final income allocations of the Company’s 2022 dividend distributions on its Common Stock. The following table shows the final dividend distributions, as they will appear on Form 1099–DIV.
Common Shares (CUSIP#053484101).
|
Declaration |
Record |
Payment |
Distribution |
Ordinary |
Return to |
Long-Term |
Unrecap. |
||||||||||||
|
02/17/22 |
03/31/22 |
04/15/22 |
$ |
1.59000 |
$ |
1.30458 |
$ |
0.00000 |
$ |
0.24180 |
$ |
0.04363 |
|||||||
|
05/19/22 |
06/30/22 |
07/15/22 |
1.59000 |
1.30458 |
0.00000 |
0.24180 |
0.04363 |
||||||||||||
|
09/15/22 |
09/30/22 |
10/17/22 |
1.59000 |
1.30458 |
0.00000 |
0.24180 |
0.04363 |
||||||||||||
|
11/10/22 |
12/30/22 |
01/17/23 |
1.59000 |
1.30458 |
0.00000 |
0.24180 |
0.04363 |
||||||||||||
|
Totals |
$ |
6.36000 |
$ |
5.21832 |
$ |
0.00000 |
$ |
0.96718 |
$ |
0.17450 |
|||||||||
|
100% |
82% |
0% |
15% |
3% |
|||||||||||||||
Due to rounding differences, components may not add up to totals. Below are the final dividend allocations.
(1) Qualified REIT dividends are defined as quarterly dividends that are taxable ordinary and $1.30458 for each.
(2) 0.24180 of every quarterly dividend that is classified as Long-Term capital Gain and $0.04363 for each quarterly dividend that is classified as Unrecaptured Section1250 Gain are considered a Disposition to investment in United States Real Property.
(3) For each quarterly long-term capital gain classified as a dividend, the one year amount is $0.03571, three years are $0.03571, 0.20609 is Section 1231 loss for Internal Revenue Code (IRC), Section 1061. The general application of Section 1061 to both direct and indirect owners of “applicable partnership interest” is for all.
Talk to your tax advisor.
About AvalonBay Communities, Inc.
The Company owned or had an indirect ownership interest in 293 apartments communities that included 88.405 homes. These communities were located in 12 states and District of Columbia. One community was in redevelopment, and 18 others were under development. The Company is an equityREIT. It develops, redevelops and acquires apartment communities in New England, New York/New Jersey Metro Area, the Mid-Atlantic region, the Pacific Northwest and Northern and Southern California. Additionally, it expands markets in Raleigh-Durham and Charlotte (North Carolina), Southeast Florida, Dallas, Austin, Texas, Denver, Colorado. More information may be found on the Company’s website at http://www.avalonbay.com.
Copyright © 2023 AvalonBay Communities, Inc. All Rights Reserved
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Contacts
Jason Reilley
Vice President
Investor Relations
AvalonBay Communities, Inc.
703-317-4681