The document discusses the requirements and implications of maintaining Real Estate Investment Trust (REIT) status for U.S. federal income tax purposes. It outlines the asset composition tests, distribution requirements, and potential penalties for prohibited transactions. The document also explains the safe harbor provisions for property sales and the intention to hold farms for long-term investment.
doj/DataSet10/EFTA01384948.pdf
{"document_type":"legal","document_subtype":"tax compliance document","reference_numbers":["DB-SDNY-0085614","SDNY_GM_00231798","EFTA01384948"]}