Type PLR Subject 11.00 - Taxable REIT Subsidiary (TRS) 11.04a - Lodging Facilities Keywords Taxable REIT Subsidiary Operation of Lodging Facility Year 2012 IRS Link http://www.irs.gov/pub/irs-wd/1208014.pdf Tax Report Link TaxReport2012-8 Summary TRS not treated as operating facility it owns indirectly. Title 201208014 Guidance Tags PLR - 201208014