Oklahoma Society of CPAs
Never Underestimate the Value
Never Underestimate the Value
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# | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | ZReal Estate Investment Trust (REIT)
Investor-owned trust
which invests in real estate and, instead of paying income tax on its income, reports to each of its owners his or her pro rata share of its income for inclusion on their income tax returns. This unique trust arrangement is specifically provided for in the internal revenue code.
* Definitions courtesy of the New York State Society of CPAs
