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PLR 201904005

Type
PLR
Subject
2.00 - Income Tests - (75% & 95%)
2.08 - Gross Income Defined
Keywords
Gross Income
Defined
Section 856(c)(5)(J)
Year
2019
IRS Link
https://www.irs.gov/pub/irs-wd/201904005.pdf
Tax Report Link
Review of 2019 REIT-Related Private Letter Rulings
Summary

Under section 856(c)(5)(J)(ii) REIT’s proportionate share of income from cash payments made by a city in exchange for restricting certain apartment units to below market rental rates will be considered as qualifying income under section 856(c)(2) and (c)(3).

Title
PLR 201904005