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Gaming and Leisure Properties Inc. Announces 2019 Distribution Tax Treatment
|Form 1099 Reference:||(Boxes 1a + 2a + 3)||Box 1a||Box 1b||Box 2a||Box 2b||Box 3||Box 5|
|Record Date||Payable Date||Total Distribution
|Total Capital Gain
1250 Gain (2)
|(1) Amounts in 1b are included in 1a|
|(2) Amounts in 2b are included in 2a|
|(3) Amounts in 3 are also known as Return of Capital|
|(4) Amounts in 5 are included in 1a|
Gaming and Leisure Properties’ tax return for the year ended
Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders on how distributions should be reported on their tax returns. Also note that state and local taxation of real estate investment trust distributions varies and may not be the same as the taxation under the federal rules. Shareholders are encouraged to consult with their own tax advisors as to their specific federal, state, and local income tax treatment of the Company’s distributions.
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. GLPI elected to be taxed as a real estate investment trust (“REIT”) for
Source: Gaming and Leisure Properties, Inc.