This is not really a income tax board except that a personal finance software can help with taxes.
But I am a REIT investor.
A REIT doesn't pay tax and does pay out at least 90% of earnings. A REIT might pay out more than 100% of earnings since there is a difference between earnings and funds-from-operations. The REIT might consider earnings to contain un-necessary charges since, for example, the REIT renovates property that is said to be depreciating. Of course depreciation is a non-cash charge.
Now a REIT dividend is not a qualified dividend but if the REIT gains in value while also paying a dividend then the investor will not mind.
REIT's might be currently risky with interest rates going up.
Well, this can be an activity post and so here is a link to KBH Investor Accounting:
kbhscape.com
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