FCPT Announces Tax Treatment of 2020 Distributions
Four Corners Property Trust (NYSE: FCPT) has announced the tax characterization of its 2020 common stock distributions. The total distribution for 2020 was $1.2200 per share, with $0.9644 classified as ordinary taxable dividends. Shareholders will receive IRS Form 1099-DIV from Broadridge Corporate Issuer Solutions, which may require additional information for accurate federal tax reporting. The company advises shareholders to consult tax professionals for specific guidance, as tax laws vary.
- Total distribution for 2020 was $1.2200 per share.
- $0.9644 per share classified as ordinary taxable dividends, indicating potential tax benefits for shareholders.
- Federal income tax return for the year ended December 31, 2020 has not yet been filed, creating uncertainty regarding potential changes to tax obligations.
Four Corners Property Trust, Inc. (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), announced today the tax characterization of its 2020 common stock distributions as shown below.
Record Date |
Payment Date |
Total Distribution
|
Form 1099
|
Form 1099
|
Form 1099
|
Form 1099 Box 5
|
||||||
1/3/2020 |
1/15/2020 |
|
|
- |
|
|
||||||
3/31/2020 |
4/15/2020 |
|
|
- |
|
|
||||||
6/30/2020 |
7/15/2020 |
|
|
- |
|
|
||||||
9/30/2020 |
10/15/2020 |
|
|
- |
|
|
||||||
Totals |
|
|
|
- |
|
|
(1) |
Qualified Taxable Dividends are a subset of, and included in, Ordinary Taxable Dividends. |
The common stock dividend of
If you held common stock of FCPT in your name at any time during 2020, an IRS Form 1099-DIV will be provided to you by Broadridge Corporate Issuer Solutions, FCPT’s transfer agent during 2020. If you held shares in "street name" during 2020, the IRS form provided by your bank, brokerage firm or nominee may report only the gross distributions paid to you. Therefore, you may need the information included in this press release to properly complete your federal tax return.
There are many important considerations associated with the taxability of the company’s distributions in 2020. This information has been prepared using the best available information to date. FCPT’s federal income tax return for the year ended December 31, 2020 has not yet been filed. Please note that federal tax laws affect taxpayers differently, and we cannot advise you on how distributions should be reported on your federal income tax return. Also note that state and local taxation of REIT distributions vary and may not be the same as the taxation under the federal rules. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment related to FCPT common stock dividends.
About FCPT:
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
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FAQ
What is the total distribution per share for FCPT in 2020?
How much of the FCPT distribution is classified as ordinary taxable dividends?
When will shareholders receive IRS Form 1099-DIV for their FCPT shares?
What should FCPT shareholders do about their tax reporting?
