Multiple Choice
20-30.Characteristic of the limited partnership form of property ownership include:
A) at least one general partner with unlimited liability
B) existence of double taxation
C) number of partners is restricted by law
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q22: 20-17.To qualify for REIT status it must
Q23: The main disadvantage of the C-corporation form
Q24: 20-11.The form of ownership that provides the
Q25: 20-24.A condition for a REIT to be
Q26: 20-25.Sole ownership of real estate relies heavily
Q28: 20-19.Under passive loss limitation rules the limit
Q29: 20-15.A REIT can NOT sell a property
Q30: 20-28.A benefit of the S-Corporation for holding
Q31: In 1960 Congress created the REIT structure
Q32: 20-31.The Real Estate Investment Trust Act authorizes:<br>A)