Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 51

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 51
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 considered remote or incidental. We intend to take the position that the Notes are not contingent payment debt instruments because we believe that the foregoing contingencies are, in the aggregate, remote or incidental. This position is binding on all holders unless the holder of a Note discloses its differing position in a statement attached to its U.S. federal income tax return for the taxable year during which the Note was acquired, but is not binding on the IRS. Holders should consult their own tax advisors regarding the consequences to them if the Notes were considered contingent payment debt instruments. The remainder of this discussion assumes that the Notes are not contingent payment debt instruments. U.S. Holders Taxation of Interest A U.S. holder generally will include in gross income (as ordinary income) payments of stated interest received or accrued on a Note, in accordance with its usual method of accounting for U.S. federal income tax purposes. S-31

Sale, Exchange, Retirement, Redemption or Other Taxable Disposition of Notes A U.S. holder generally will recognize gain or loss upon the sale, exchange, retirement, redemption or other taxable disposition of a Note equal to the difference between the amount realized upon such disposition and the holder’s adjusted basis in the Note. Generally, any gain or loss will be capital gain or loss. Backup Withholding and Information Reporting We will, where required, report to U.S. holders and the IRS the amount of any interest paid on the Notes in each calendar year and the amounts of tax withheld, if any, from those payments. A U.S. holder may be subject to backup withholding tax, currently at a 24% rate with respect to payments made on the Notes as well as proceeds from the disposition of Notes unless such U.S. holder:

| • |     | is a corporation or is otherwise exempt from withholding and, when required, demonstrates its exemption; 
 or                                                                                                       |

| • |     | provides a taxpayer identification number, certifies that the IRS has not notified it that it is subject    
 to backup withholding, and otherwise complies with applicable requirements of the backup withholding rules. |

Any amounts withheld from payments to you under the backup withholding rules will be allowed as a refund or a credit against your U.S. federal income tax liability, provided that the required information is timely furnished to the IRS. A U.S. holder who does not provide the payor with his or her correct taxpayer identification number may be subject to penalties imposed by the IRS. Non-U.S.Holders Taxation of Interest Subject to the discussion below regarding the