Weyerhaeuser Announces Tax Treatment of 2020 Distributions
SEATTLE, Jan. 14, 2021 /PRNewswire/ -- For shareholders of Weyerhaeuser Company (NYSE: WY), the 2020 dividend distributions totaling
Because the company's dividend distributions are characterized as capital gains, they are not eligible for the 20 percent qualified business income deduction (Section 199A deduction).
Shareholders are encouraged to consult their tax advisor to determine the specific effect these distributions may have on their individual tax situation.
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2019, we generated
For more information contact:
Analysts – Beth Baum, 206-539-3907
Media – Nancy Thompson, 919-861-0342
View original content to download multimedia:http://www.prnewswire.com/news-releases/weyerhaeuser-announces-tax-treatment-of-2020-distributions-301208836.html
SOURCE Weyerhaeuser Company