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Final Regulations Clarify Definition of Real Property for REITs Logo aicpa

  Cristina Arumi, J.D., LL.M., Mark Fisher, CPA, ... |   Free |   AICPA |   01 Jan 2017 |   Tax Adviser Magazine

To qualify as a real estate investment trust (REIT), 75% of the REIT's total assets must consist of real estate assets, cash and cash items, and government securities, and 75% of the REIT's annual gross income must be from real property rents and certain other sources. New regulations define real property for those purposes as discussed in this article.

Topics covered:
  • Tax: Technical: C corporation income taxation , Intermediate