Here are my reasons:
- REIT dividends are taxed as ordinary income. There is no tax benefit to earning REIT dividends in a taxable account.
- Part of REIT dividends are a non-taxable return of capital, which requires are reduction of cost basis. This adjustment can be tedious to keep the records and isn't required for non-taxable accounts.
I started making the move last week and will continue to do so in the upcoming weeks
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This is not financial, investment or tax advice. Please consult a professional advisor.
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