Once an entity has been terminated as a REIT,the entity cannot make a new election to be taxed as a REIT until ________ years after the termination.

Question

Quizplus · Accepted Answer

Once an entity has been terminated as a REIT, it cannot make a new election to be taxed as a REIT until 5 years after the termination. This rule is designed to prevent entities from frequently changing their tax status.

Once an Entity Has Been Terminated as a REIT,the Entity