To avoid double taxation on dividends paid to shareholders, REITs must invest what portion of their total assets in real estate?
A) Substantially all
B) At least 90%
C) At least 75%
D) At least 51%
Answer: C
To avoid double taxation on dividends paid to shareholders, REITs must invest what portion of their total assets in real estate?
A) Substantially all
B) At least 90%
C) At least 75%
D) At least 51%
Answer: C