Final Regulations Clarify Definition of Real Property for REITs

The IRS issued final regulations (T.D. 9784) clarifying the definition of real property for purposes of the real estate investment trust (REIT) provisions. The regulations went into effect Aug. 31, 2016, and adopt, with modifications, the proposed regulations (REG-150760-13), which were published in the Federal Register on May 14, 2014.

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