Real Estate Investment Trust Corner: ROFO Payment Is Held as REIT Qualifying Income, but Taxpayers Beware
The first gross income test for a REIT is the "75% Test," which requires at least 75% of the REIT's gross income to be derived from "qualifying income."For this purpose, "qualifying income" generally includes, among others, rents from real property, interest on mor...
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| Veröffentlicht in: | Journal of Passthrough Entities 2019-01, Vol.22 (1), p.27-51 |
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| creator | Cullen, Daniel F Matejcak, Peter R David Gong, Sukbae |
| description | The first gross income test for a REIT is the "75% Test," which requires at least 75% of the REIT's gross income to be derived from "qualifying income."For this purpose, "qualifying income" generally includes, among others, rents from real property, interest on mortgages or interests in real property, or gain from the sale or other disposition of interests in real property and real estate mortgages. With respect to "gain from the sale or other disposition of interests in real property," the IRS has interpreted the term "interest in real property" broadly. |
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| fulltext | fulltext |
| identifier | ISSN: 1099-7407 |
| ispartof | Journal of Passthrough Entities, 2019-01, Vol.22 (1), p.27-51 |
| issn | 1099-7407 |
| language | eng |
| recordid | cdi_proquest_reports_2195912654 |
| source | HeinOnline Law Journal Library; EBSCOhost Business Source Complete |
| subjects | Asset acquisitions Capital assets Disregarded entities Gross income Mortgages Partnership agreements Partnership interest Real estate Real estate industry Real estate investment trusts REITs State court decisions Taxpayers Timberlands |
| title | Real Estate Investment Trust Corner: ROFO Payment Is Held as REIT Qualifying Income, but Taxpayers Beware |
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