Finance
What is a 'real estate investment trust' (REIT)?
AA trust created in a will for real estate distribution
BA company that owns income-producing real estate and must distribute at least 90% of taxable income to shareholders as dividends✓ Correct
CA state trust fund for affordable housing
DA trust holding a deed for a minor
Explanation
A REIT is a company that owns, operates, or finances income-producing real estate. To qualify for special tax treatment, a REIT must distribute at least 90% of its taxable income to shareholders and meet other IRS requirements.
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