joanmcq Posted May 2, 2013 Report Share Posted May 2, 2013 Found out one of my clients investments is in an REIT. The 1099 from the broker has nondividend distributions, but no other income reported. My first thought was that I'm missing a K-1, but initial research indicates REITs should report on a 1099. This is a consolidated statement from Ameriprise. Before I ask the client to research a K1, can anyone shed some light on this so I don't look like a dumbass if there isn't one? Quote Link to comment Share on other sites More sharing options...
JRS Posted May 2, 2013 Report Share Posted May 2, 2013 I have a couple of REIT investors (and my wife) and the tax information is always 1099's from the broker.. Of course the minute I type this I will be wrong. The REIT info seems to come from the brokers' 1099, but you might check out the REIT website that lists all the REITs reporting for 2012. I have yet to see a K-1 for a REIT> http://www.reit.com/DataAndResearch/1099/Browse-Tax-Forms.aspx?Year=2012 1 Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted May 2, 2013 Report Share Posted May 2, 2013 Ditto Quote Link to comment Share on other sites More sharing options...
joanmcq Posted May 2, 2013 Author Report Share Posted May 2, 2013 Cool, thanks for the quick response. This is my first one, and finding public info was a pain. I finally pulled out of a 367 page prospectus that there were no distributions that were not considered return of capital. And no I didn't read the whole thing, but found the area where such info MIGHT be reported in the table of contents, so I only had about 10 pages to decipher! Quote Link to comment Share on other sites More sharing options...
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