Type PLR Subject 1.07 - Distribution of Accumulated C Corporation Earnings 2.01a - Rents from Real Property - 75% Income Test - Generally 2.01e - Rents from Real Property - 75% Income Test - Rents based on Income or Profits 2.01g - Rents from Real Property - 75% Income Test - Percentage Rentals 4.01a - Real Estate Assets 6.01 - Distributions - Generally 9.00 - Reorganizations Keywords Active Trade or Business REIT's Activities as Active Business for Purposes of Section 355 Asset Tests 75% Asset Test Consolidated Group Consolidated Return Distributions Choice of Stock or Cash Earnings and Profits Elective Stock Dividends phesluclushajowoniloneslatidot 355 Percentage Rents Income or Profits, Based on Real Estate Asset Rents from Real Property Based on Profits of Lessee REIT Conversion(s) Reorganizations Spin-offs (Section 355) Spin-offs Taxable REIT Subsidiary Year 2013 IRS Link http://www.irs.gov/pub/irs-wd/1337007.pdf Tax Report Link TaxReport201326 Summary Spin-off of newly-formed REIT is tax-free Title 201337007 Guidance Tags PLR - 201337007