Would a REIT by Any Other Name Smell as Sweet?

A real estate investment trust (REIT) is a tax-favored investment vehicle focused exclusively on real estate interests. The Internal Revenue Code strictly regulates REITs to ensure that the form stays true to its mission. So, if a REIT meets all of the IRC’s requirements and limitations, it enjoys pass-through status. This allows the REIT to pass on the large majority of its taxable income to its beneficial owners, untaxed at the REIT level. 

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