- 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 income tests and is geared toward people who have a working knowledge of REITs. This course looks at the practical application of IRC Section 856 to varying types of revenue and how they are captured in the REIT income tests.
Upon successful completion of this course, the user should be able to:
recognize the concept of and approach to the various REIT income tests,
identify the treatment of various types of income under the REIT tests,
determine how independent contractors may be used by REITs to provide services, and
determine what happens when a REIT fails an income test.