In 1960 Congress created the REIT structure to:

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Congress created the REIT structure in 1960 to eliminate double taxation problems faced by real estate investors. REITs are exempt from paying taxes on their income as long as they distribute at least 90% of their profits to shareholders in the form of dividends, which are then taxed at the individual shareholder level. This eliminates the double taxation issue where the profits are taxed at both the corporate and individual level.

In 1960 Congress Created the REIT Structure To