#United States #New York #dividends #Bluerock Homes Trust #BHM

Bluerock Homes Trust 2024 Tax Reporting

Bluerock Homes Trust, Inc. has recently announced crucial information regarding the tax implications for dividends distributed in 2024. Investors holding the company's common stock, which is traded under the ticker symbol BHM on the NYSE American Exchange, should be particularly aware of these details, especially in the context of their income tax reporting requirements.

Dividend Overview

For the fiscal year 2024, the dividends for Bluerock's Class A and Class C common stocks will be presented in detail on Form 1099-DIV. The company has classified the dividends into various categories, including ordinary dividends and capital gains. This classification is essential for shareholders to accurately report their earnings during tax season.

Common Stock Reporting

The Class A common stock will have a record date of December 29, 2023, with payouts made on January 5, 2024. The specific distributions are as follows:

• - Total Distribution Rate per Share: $0.840551
• - Ordinary Dividend Rate: 0%
• - Non-Dividend Rate: 100%
• - Total Capital Gains Rate: 0%

Notably, a special one-time cash dividend of $1.00 per share was paid out on January 5, 2024. Of this amount, $0.159449 was reported as part of the 2023 taxable dividends, while the remaining $0.840551 is categorized as a non-dividend return of capital for the 2024 tax year.

Preferred Stock Reporting

For shareholders of the Series A Preferred Stock, several distribution dates are noted throughout 2024. The first payout is set for February 5, 2024, following a record date of January 25, 2024. The details include:

• - Distribution Rate per Share: $0.125337
• - Ordinary Dividend Rate: 8.04%
• - Non-Dividend Rate: 30.42%
• - Total Capital Gains Rate: 61.54%

Additional payments will occur monthly, with varying amounts and breakdowns presenting a consistent ordinary dividend rate for the preferred series. Understanding these rates is critical for any investor looking to grasp the tax nuances tied to these dividends.

Future Expectations

Investors should remain vigilant regarding the changes that may arise in tax implications related to dividends in the coming years. Bluerock Homes Trust aims to provide transparency and clarity to its shareholders, ensuring they are equipped with the necessary information to navigate their tax reporting obligations.

For further information on its investment strategies, Bluerock discusses expanding its portfolio to include single-family rental homes in high-demand markets, further enhancing shareholder value.

Conclusion

Bluerock Homes Trust's 2024 dividend reporting offers insights that are vital for investors, particularly amidst constantly changing tax regulations. By keeping track of these updates and understanding the classifications of dividends, shareholders can better strategize their financial reporting and prepare for tax season efficiently.