NAREIT Comments to IRS on Forms 1120-REIT and 8875

07/26/2017

NAREIT submitted recommendations to the IRS on July 25 in response to a request for comments on reducing the taxpayer burden related to Forms 1120-REIT and 8875.

Form 1120-REIT is the U.S. income tax return for REITs. Form 8875 is the Taxable REIT Subsidiary election form.

NAREIT commented that its suggestions would improve “the quality, utility and clarity” of the information collected by the forms in a way that would minimize the burden on respondents.

(Contact: Dara Bernstein at dbernstein@nareit.com)

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.