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  • codehead321 codehead321 Apr 25, 2008 12:46 PM Flag

    Putncalls, please explain the dividend comment

    CSE is a REIT but it owns a taxable REIT subsidiary (TRS). A TRS pays taxes and is treated as a C corporation. Any dividends paid by the TRS to CSE and which is distributed will be taxed at 15%. In addition, if CSE sells property which generates LT capital gains and those gains are distributed, it will also be taxed at 15%.