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||—|
|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%|
|Growth & Income (All Quarters)||1.32%|
|Multi-Strategy Total Return||—|
|New America Growth||—|
|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 Estate (All Quarters)||93.17%|
|Science & Technology||—|
|Total Equity Market Index||2.10%|
|U.S. Equity Research5||—|
|U.S. Large-Cap Core||1.11%|
|International/Global Stock Funds|
|Africa & Middle East||—|
|China Evolution Equity||N/A|
|Emerging Markets Stock||—|
|Emerging Markets Discovery Stock6||—|
|Global Growth Stock||—|
|Global Real Estate (All Quarters)||27.75%|
|International Disciplined Equity7||—|
|International Equity Index||—|
|International Value Equity||—|
|QM Global Equity||—|
|International/Global Bond Funds|
|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 (USD Hedged)||—|
|Taxable Bond Funds|
|Inflation Protected Bond||—|
|Limited Duration Inflation Focused Bond||—|
|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-Free High Yield||N/A|
|Virginia Tax-Free Bond||—|
|Retirement, Spectrum and Target Funds|
|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%|
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.