Treatment of Sale of Foreign REIT

[woodmanseem]

Hello - I have a client that invested in a Foreign REIT (Thailand) using a foreign brokerage account I believe the correct treatment to be the following:

Dividend Distributions - Ordinary nonqual dividends, the statement is clear that these payments are not considered return of capital. Not eligible for 199A due to being a foreign REIT investing outside the US.

Sale of the REIT - capital gains reported on Schedule D.

am i missing anything?

[sjrcpa]

Sounds correct to me. There may be foreign tax and foreign currency exchange/fluctuation issues, too.