2019 Qualified REIT Dividends

Beginning in 2018 (until the end of 2025), if you are a taxpayer other than a corporation, you are generally allowed a deduction of up to 20% of your qualified real estate investment trust (REIT) dividends. Qualified REIT dividends from a mutual fund are reported in Box 5 of your Form 1099‑DIV.

The table below reports the percentage of the ordinary dividend paid by the T. Rowe Price funds that may be eligible for the deduction. The data is provided here for informational purposes only and to assist you in your tax planning. In preparing your tax return, use the amount in Box 5 of your Form 1099-DIV.

Note that you may not take this deduction for a dividend on shares of a fund that have been held for less than 46 days during the 91-day period beginning on the date 45 days before the ex-dividend date. You may find your fund's ex-dividend date here.

If you own a fund that has more than one distribution during the year, the amount reported in Box 5 of your Form 1099-DIV will be based on the qualifying percentage of each distribution.

Calculations based on the percentages below may yield amounts that differ from the amounts on your Form 1099-DIV due to rounding.

Please consult your tax advisor for the impact on your return. You may also find the information on this IRS web page useful: https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-income-deduction-faqs.

T. Rowe Price Fund Qualified REIT Dividends Percentage1
Domestic Stock Funds
Balanced (All Quarters) 0.41%
Blue Chip Growth
Capital Appreciation 1.02%
Communications & Technology
Diversified Mid-Cap Growth 1.19%
Dividend Growth (All Quarters)
Equity Income (All Quarters)
Equity Index 500 (All Quarters) 2.45%
Extended Equity Market Index 16.45%
Financial Services 2.52%
Growth & Income (All Quarters) 1.32%
Growth Stock 2.10%
Health Sciences
Mid-Cap Growth
Mid-Cap Value 7.24%
Multi-Strategy Total Return
New America Growth
New Era
New Horizons
Personal Strategy Balanced2 (All Quarters) 0.43%
Personal Strategy Growth3 0.58%
Personal Strategy Income4 (All Quarters) 0.26%
QM U.S. Small & Mid-Cap Core Equity 12.45%
QM U.S. Small-Cap Growth Equity
QM U.S. Value Equity 3.52%
Real Assets 21.62%
Real Estate (All Quarters) 93.17%
Science & Technology
Small-Cap Stock 7.19%
Small-Cap Value
Tax-Efficient Equity
Total Equity Market Index 2.10%
U.S. Equity Research5
U.S. Large-Cap Core 1.11%
Value
International/Global Stock Funds
Africa & Middle East
Asia Opportunities
China Evolution Equity N/A
Emerging Europe
Emerging Markets Stock
Emerging Markets Discovery Stock6
European Stock
Global Allocation 0.41%
Global Consumer
Global Growth Stock
Global Industrials
Global Real Estate (All Quarters) 27.75%
Global Stock
Global Technology
International Disciplined Equity7
International Discovery
International Equity Index
International Stock
International Value Equity
Japan
Latin America
New Asia
Overseas Stock
QM Global Equity
International/Global Bond Funds
Dynamic Credit
Dynamic Global Bond
Emerging Markets Bond
Emerging Markets Corporate Bond
Emerging Markets Local Currency Bond
Global High Income Bond
Global Multi-Sector Bond
International Bond
International Bond (USD Hedged)
Taxable Bond Funds
Cash Reserves
Corporate Income
Credit Opportunities
Floating Rate
GNMA
Government Money 
High Yield
Inflation Protected Bond
Limited Duration Inflation Focused Bond
New Income
Short-Term Bond
Total Return
Ultra Short-Term Bond
U.S. Bond Enhanced Index
U.S. High Yield
U.S. Treasury Intermediate
U.S. Treasury Long-Term
U.S. Treasury Money
Tax-Free Bond Funds
California Tax-Free Bond N/A
California Tax-Free Money N/A
Georgia Tax-Free Bond
Intermediate Tax-Free High Yield
Maryland Short-Term Tax-Free Bond N/A
Maryland Tax-Free Bond N/A
Maryland Tax-Free Money N/A
New Jersey Tax-Free Bond N/A
New York Tax-Free Bond N/A
New York Tax-Free Money N/A
Summit Municipal Income
Summit Municipal Intermediate N/A
Summit Municipal Money Market
Tax-Exempt Money N/A
Tax-Free High Yield N/A
Tax-Free Income N/A
Tax-Free Short-Intermediate N/A
Virginia Tax-Free Bond
Retirement, Spectrum and Target Funds
Retirement 2005 0.54%
Retirement 2010 0.62%
Retirement 2015 0.67%
Retirement 2020 0.75%
Retirement 2025 0.88%
Retirement 2030 0.99%
Retirement 2035 1.08%
Retirement 2040 1.17%
Retirement 2045 1.29%
Retirement 2050 1.29%
Retirement 2055 1.19%
Retirement 2060 1.02%
Retirement Balanced 0.66%
Retirement Income 2020 0.45%
Retirement I 2005 - I Class 0.54%
Retirement I 2010 - I Class 0.67%
Retirement I 2015 - I Class 0.70%
Retirement I 2020 - I Class 0.82%
Retirement I 2025 - I Class 0.85%
Retirement I 2030 - I Class 0.90%
Retirement I 2035 - I Class 0.97%
Retirement I 2040 - I Class 1.05%
Retirement I 2045 - I Class 1.05%
Retirement I 2050 - I Class 1.09%
Retirement I 2055 - I Class 1.02%
Retirement I 2060 - I Class 0.93%
Retirement Balanced I - I Class 0.68%
Spectrum Growth 1.04%
Spectrum Income
Spectrum International
Target 2005 0.55%
Target 2010 0.60%
Target 2015 0.56%
Target 2020 0.66%
Target 2025 0.69%
Target 2030 0.75%
Target 2035 0.79%
Target 2040 0.85%
Target 2045 0.89%
Target 2050 0.98%
Target 2055 1.06%
Target 2060 1.08%

1The percentage applies to the total of your ordinary dividends paid for the calendar year or other period, if indicated, as reported in Box 1a of your IRS Form 1099-DIV.

2Effective January 1, 2020, name was changed to Spectrum Moderate Allocation.

3Effective January 1, 2020, name was changed to Spectrum Moderate Growth Allocation.

4Effective January 1, 2020, name was changed to Spectrum Conservative Allocation.

5Formerly Capital Opportunity

6Formerly Emerging Markets Value Stock

7Formerly International Concentrated Equity

Percentages are the same for all fund classes (Investor, Advisor, R, and I classes). For more information on Advisor, R, Institutional, and Portfolio funds, please visit our website for financial intermediaries at www.troweprice.com/financial-intermediary/us/en/investments/tax-center.html.

N/A is indicated where a fund did not pay a taxable income dividend or short-term capital gain or pass through a foreign tax expense in 2019.

A dash indicates that the fund paid a dividend or short-term capital gain, but it did not pass through qualified REIT dividends.

Related Content