AMH Unveils Detailed Tax Classification for 2024 Cash Distributions to Investors
AMH Announces Tax Treatment of 2024 Cash Distributions
On January 30, 2025, AMH (NYSE: AMH), a prominent player in the single-family rental home market, revealed the tax classification for its cash distributions for the year 2024. This announcement is crucial for shareholders as it provides clarity on how their investments will be taxed.
Classification Breakdown
For the fiscal year ending December 31, 2024, AMH identified the composition of its quarterly cash distributions as follows:
- - Common Shares
- - 5.875% Series G Redeemable Perpetual Preferred Shares
- - 6.25% Series H Redeemable Perpetual Preferred Shares
The breakdown of the classifications for each quarter is presented below:
| Date | Ordinary Dividend Income | Capital Gain Distributions | Total |
|---|---|---|---|
| -- | ------ | ----- | --- |
| 3/28/2024 | 56.415249% | 43.584751% | 100% |
| 6/28/2024 | 56.415249% | 43.584751% | 100% |
| 9/30/2024 | 56.415249% | 43.584751% | 100% |
| 12/31/2024 | 56.415249% | 43.584751% | 100% |
Understanding Ordinary Dividend Income
A significant portion, 100%, of the Ordinary Dividend Income is recognized as Qualified REIT Dividend Income under Internal Revenue Code (IRC) Section 199A. It’s important for shareholders to note that the dividends will only qualify for this treatment if shares are held for a minimum of 45 days prior to distribution.
Capital Gain Distributions Analysis
From the capital gain distributions, 30.154110% will be treated as unrecaptured IRC Section 1250 gain. Additionally, all capital gain distributions for this year pertain to IRC Section 1231 gains, with shareholders advised to consult their tax advisors regarding the applicability of IRC Section 1061 on these distributions.
Proceeding Cautiously
It’s essential to remember that the 2024 tax return has yet to be filed, meaning these classifications are based on the best information available up to this point. AMH strongly encourages shareholders to seek advice from their tax professionals to fully understand the specific tax implications of these distributions.
About AMH
AMH stands as a top-tier integrated owner, operator, and developer within the single-family rental sector. Managed from Maryland, AMH focuses on various aspects of real estate including acquiring, developing, and managing homes as rental properties. The intent is to simplify the leasing experience, providing essential peace of mind for households throughout the country.
Recently, AMH has been recognized with various accolades, including mentions in U.S. News 2024 Best Real Estate Companies to Work For, and is noted as one of America’s Most Responsible Companies for 2025. As of late September 2024, the company proudly reported ownership of nearly 60,000 single-family properties across several regions in the United States.
For more information, shareholders and potential investors are invited to visit www.amh.com.
Topics Financial Services & Investing）
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