JBG SMITH Reports Taxable Composition of 2023 Distributions
January 16 2024 - 4:15PM
Business Wire
JBG SMITH (NYSE: JBGS), a leading owner and developer of
high-quality, mixed-use properties in the Washington, DC market,
today announced the tax treatment of the Company's 2023
distributions on its common shares. The income allocations as they
will be reported on Form 1099-DIV are set forth in the following
table. JBG SMITH recommends consultation with a tax advisor
regarding the federal, state, and local income tax consequences of
these distributions.
Common Shares – CUSIP number 46590V100
Distribution Per Share
2023 Tax Treatment
Record Date
Payable Date
Total
Taxable in 2022
Taxable in 2023
Total Ordinary
Dividends
Qualified Dividends
Total Capital Gain
Distributions
Unrecap. Section 1250
Gain
Section 897 Ordinary
Gain
Section 897 Capital
Gain
Section 199A Dividends
Form 1099-Div Box:
1a
1b1
2a2
2b3
2e
2f
5
12/29/2022
01/12/2023
$
0.225
$
0.100
$
0.125
$
0.025
$
0.000
$
0.100
$
0.034
$
0.000
$
0.100
$
0.025
06/23/2023
06/30/2023
$
0.225
$
0.000
$
0.225
$
0.045
$
0.000
$
0.180
$
0.062
$
0.000
$
0.180
$
0.045
08/17/2023
08/31/2023
$
0.225
$
0.000
$
0.225
$
0.045
$
0.000
$
0.180
$
0.062
$
0.000
$
0.180
$
0.045
11/17/2023
12/01/2023
$
0.225
$
0.000
$
0.225
$
0.045
$
0.000
$
0.180
$
0.062
$
0.000
$
0.180
$
0.045
Totals:
$
0.900
$
0.100
$
0.800
$
0.160
$
0.000
$
0.640
$
0.220
$
0.000
$
0.640
$
0.160
As summarized in the supplemental chart below, for purposes of
Section 1061 of the Internal Revenue Code, 100% of the
distributions reported as Total Capital Gain Distributions in Box
2a are from sales of assets that either generated Section 1231
gains or were held for more than 3 years. Section 1061 is generally
applicable to direct and indirect holders of “applicable
partnership interests”.
Record Date
Payable Date
Total Capital Gain
Distributions
Section 1231 Gain
Distributions
Section 1061 One-Year
Capital Gain Distributions
Section 1061 Three-Year
Capital Gain Distributions
12/29/2022
01/12/2023
$
0.100
$
0.074
$
0.026
$
0.026
06/23/2023
06/30/2023
$
0.180
$
0.131
$
0.049
$
0.049
08/17/2023
08/31/2023
$
0.180
$
0.131
$
0.049
$
0.049
11/17/2023
12/01/2023
$
0.180
$
0.131
$
0.049
$
0.049
Totals:
$
0.640
$
0.467
$
0.173
$
0.173
1 These amounts are a subset of, and included in, Total Ordinary
Dividends (Box 1a). 2 For purposes of Section 1061 of the Internal
Revenue Code, JBG SMITH is disclosing additional capital gain
categories in the supplemental chart. 3 Unrecaptured Section 1250
Gain is a subset of, and included in, Total Capital Gain
Distributions (Box 2a).
About JBG SMITH
JBG SMITH owns, operates, invests in, and develops mixed-use
properties in high growth and high barrier-to-entry submarkets in
and around Washington, DC. Through an intense focus on placemaking,
JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods
throughout the Washington, DC metropolitan area. Approximately
two-thirds of JBG SMITH's holdings are in the National Landing
submarket in Northern Virginia, which is anchored by four key
demand drivers: Amazon's new headquarters; Virginia Tech's
under-construction $1 billion Innovation Campus; the submarket’s
proximity to the Pentagon; and JBG SMITH’s deployment of
next-generation public and private 5G digital infrastructure. JBG
SMITH's dynamic portfolio currently comprises 14.7 million square
feet of high-growth office, multifamily, and retail assets at
share, 99% of which are Metro-served. It also maintains a
development pipeline encompassing 9.8 million square feet of
mixed-use, primarily multifamily, development opportunities. JBG
SMITH is committed to the operation and development of green,
smart, and healthy buildings and plans to maintain carbon neutral
operations annually. For more information on JBG SMITH please visit
www.jbgsmith.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240116473285/en/
Kevin Connolly JBG SMITH Senior Vice President, Portfolio
Management and Investor Relations (240) 333-3837
kconnolly@jbgsmith.com
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