Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 344

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 344
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United States
real property interest,” or USRPI, as defined below, and that we do not designate as a capital gain dividend or retained capital
gain, will recognize ordinary income to the extent that we pay such distribution out of our current or accumulated earnings and profits.
A withholding tax equal to 30% of the gross amount of the distribution ordinarily will apply to such distribution unless an applicable
tax treaty reduces or eliminates the tax.

However, if a distribution
is treated as effectively connected with the non-U.S. stockholder’s conduct of a U.S. trade or business, the non-U.S. stockholder
generally will be subject to U.S. federal income tax on the distribution at graduated rates, in the same manner as U.S. stockholders are
taxed with respect to such distribution, and a non-U.S. stockholder that is a corporation also may be subject to a 30% branch profits
tax with respect to that distribution. The branch profits tax may be reduced by an applicable tax treaty. We plan to withhold U.S. federal
income tax at the rate of 30% on the gross amount of any such distribution paid to a non-U.S. stockholder unless either:

| · | a lower treaty rate applies and the non-U.S. stockholder provides us with an IRS Form W-8BEN or W-8BEN-E, as applicable, evidencing eligibility for that reduced rate; |

| · | the non-U.S. stockholder provides us with an IRS Form W-8ECI claiming that the distribution is effectively connected income; or |

| · | the distribution is treated as attributable to a sale of a USRPI under FIRPTA (discussed below). |

A non-U.S. stockholder will
not incur tax on a distribution in excess of our current and accumulated earnings and profits if the excess portion of such distribution
does not exceed the adjusted basis of its Series A Redeemable Preferred Stock. Instead, the excess portion of such distribution will
reduce the non-U.S. stockholder’s adjusted basis in such stock. A non-U.S. stockholder will be subject to tax on a distribution
that exceeds both our current and accumulated earnings and profits and the adjusted basis of its Series A Redeemable Preferred Stock,
if the non-U.S. stockholder otherwise would be subject to tax on gain from the sale or disposition of its Series A Redeemable Preferred
Stock, as described below. We must withhold 15% of any distribution