Multiple Choice
20-35.The following is one of several criteria a REIT must meet so as to be a tax-free entity:
A) derive at least seventy-five percent of income from real estate related investments
B) retain at least one-half of all income
C) can not at any time sell off real estate assets
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q26: 20-25.Sole ownership of real estate relies heavily
Q27: 20-30.Characteristic of the limited partnership form of
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)
Q34: 20-14.A characteristic that does NOT distinguish a
Q35: 20-20.The form of property ownership that suffers
Q36: 20-33.The following is NOT a test that