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Ruling Issued for Treatment of REIT Money Market Investments
The Internal Revenue Service issued Revenue Ruling 2012-17 determining the proper treatment of investments by real estate investment trusts (REITs) in a money market fund. The IRS held that shares in a money market
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UPREIT and DownREIT
Top Takeaways 1: UPREITs To use an UPREIT, the owner contributes property to an umbrella operating partnership in exchange for partnership units in a transaction that is usually nontaxable. At the same time, a
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Taxation of Real Estate Investment Trusts (REITs) and Shareholders
Top Takeaways 1: There are Three Types of REITs REITs generally fall into three categories: equity, mortgage, and hybrid. Most are equity REITs which typically own and operate income-producing real estate. Mortgage REITs, on
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