NAIMMCQ Economics A REIT has 200 shareholders. To maintain its REIT tax status, not more than 50% of its stock may have been held by a given number of shareholders during the last half of the taxable year. Which of the following statements is TRUE about this shareholder limit?

A REIT has 200 shareholders. To maintain its REIT tax status, not more than 50% of its stock may have been held by a given number of shareholders during the last half of the taxable year. Which of the following statements is TRUE about this shareholder limit?

Economics

A REIT has 200 shareholders. To maintain its REIT tax status, not more than 50% of its stock may have been held by a given number of shareholders during the last half of the taxable year. Which of the following statements is TRUE about this shareholder limit?

A) It is based on 10% of total shareholders, 20 in this case
B) It is based on 5% of total shareholders, 10 in this case
C) It is based on the top 10 shareholders
D) It is based on the top 5 shareholders

Answer: D

NAIMMCQ

A REIT has 200 shareholders. To maintain its REIT tax status, not more than 50% of its stock may have been held by a given number of shareholders during the last half of the taxable year. Which of the following statements is TRUE about this shareholder limit?

A REIT has 200 shareholders. To maintain its REIT tax status, not more than 50% of its stock may have been held by a given number of shareholders during the last half of the taxable year. Which of the following statements is TRUE about this shareholder limit?

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