When will I receive my 2020 tax documents?
Dividends are generated monthly and automatically reinvested, this is taxed as ordinary income. Investors will receive a 1099-DIV to file with their taxes every year. The 1099 will reflect all the appropriate deductions from depreciation. When we liquidate the REIT at the end of the investment term, investors will receive the same 1099, however, it will be treated as capital gains.
Tax documentation is provided through the Diversyfund dashboard. 2020 tax documents for our Growth REIT investors will be posted by January 31st, 2021. Only investors who received $10+ USD in dividends in 2020 will receive a 1099.
To access and download your tax documents simply click on the hamburger icon located on the vertical sidebar on the left side of your screen and then click on Documents. You’ll see your tax documentation under the Tax Documents section. Click on the document link to download.