Chapter 11 preview
Chapter 11: Alternative Products
Chapter 11 covers alternative investments: REITs, direct participation programs, and limited partnerships. REITs must distribute at least 90% of taxable income; distributions have three components taxed differently. DPPs provide pass-through tax treatment but are illiquid. Limited partners have liability capped at their investment. Oil and gas programs offer depletion allowances; real estate programs offer depreciation deductions. Passive loss rules restrict how DPP losses can be used.
Chapter summary
Chapter 11 covers alternative investments: REITs, direct participation programs, and limited partnerships. REITs must distribute at least 90% of taxable income; distributions have three components taxed differently. DPPs provide pass-through tax treatment but are illiquid. Limited partners have liability capped at their investment. Oil and gas programs offer depletion allowances; real estate programs offer depreciation deductions. Passive loss rules restrict how DPP losses can be used.
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Key concepts
- Real Estate Investment Trusts (REITs)
- Direct Participation Programs (DPPs)
- Forming a Limited Partnership
- Tax Considerations
- Types of Limited Partnerships
- Investor Suitability
- Real Estate Investment Trusts (REITs)
- Direct Participation Programs (DPPs)
- Forming a Limited Partnership
- Tax Considerations
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