IRS Issues Private Ruling That Entity With Zero Gross Income Or Assets Can Qualify As A REIT

Authors :: Melton, Mark A.
Source :: Mondaq Business Briefing. November 8, 2024
Publication Year :: 2024
Abstract: Highlights The IRS recently issued a private letter ruling concluding that a real estate investment trust (REIT) having no income or assets during the year of its formation did not [...]

Subjects :: United States. Internal Revenue Service -- Powers and duties
Real estate investment trusts -- Laws, regulations and rules
Income tax -- Laws, regulations and rules
Government regulation
Business, international

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