[Answer] Which sources of REIT income are counted towards the 75% test required by Subchapter M?

Answer: -Net rental income-Interest income from mortgages-Real estate tax refunds
Which sources of REIT income are counted towards the 75% test required by Subchapter M?

The rules for federal income taxation of REITs are found primarily in Part II (sections 856 through 859) of Subchapter M of Chapter 1 of the Internal Revenue Code. Because a REIT is entitled to deduct dividends paid to its owners (commonly referred to as shareholders) a REIT may avoid incurring all or part of its liabilities for U.S. federal income tax.

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