I'm a foreign investor and own 900 shares of VICI. Since the company is a REIT, do I have to pay capital gains taxes or anything else (besides the 30% of dividends that are withheld) if I were to sell those shares? I looked FIRPTA up but it's a bit confusing. From what I've gathered since I own less than 5% of a REIT I'm not subject to capital gain taxes, but still, it's always better to be safe than sorry.
I will appreciate it a lot if anyone can clarify this, thanks!
You'll need to sign in or create an account to connect with an expert.
Yes, generally you do not need to pay capital gains tax if you sell the shares. In addition, you do not need to pay FIRPTA tax as well according to this source.
The only responsibility you have is paying 30% of dividends that are withheld.
Yes, generally you do not need to pay capital gains tax if you sell the shares. In addition, you do not need to pay FIRPTA tax as well according to this source.
The only responsibility you have is paying 30% of dividends that are withheld.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lpmiller0823
New Member
digital1
New Member
SG07
Level 2
lhliden
New Member
hntsl19
New Member