- NY Credits : 3.0
- TX Credits : 3.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 3.0
Real Estate Investment Trusts (REITs) are a vehicle to make investment in real estate attainable to the general public. REITs are a tax-efficient vehicle for making these elections. Recently, the Tax Cuts and Jobs Act has made investment in REITs even more desirable for the investors. The rules for REITs are quite complex and unique. This course provides an in-depth look at the REIT asset tests and is geared toward people who have a working knowledge of REITs. This course looks at the application of the real property regulations issued by Treasury in 2016.
Upon successful completion of this course, the user should be able to:
recognize the concept and approach of REIT asset tests,
identify assets that qualify as real property,
recognize treatment of non-real property assets for the asset tests,
identify treatment of a disqualified asset at quarter end, and
recognize how to prepare REIT asset tests.