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?