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On November 30, 2021, the IRS issued Revenue Procedure 2021-53, which temporarily allows publicly offered RICs and REITs to make distributions that are treated as dividends of up to 90% stock...
On November 30, 2021, the IRS issued Revenue Procedure 2021-53,
which temporarily allows publicly offered RICs and REITs to make
distributions that are treated as dividends of up to 90% stock and
the remainder in cash. Revenue Procedure 2020-19 closely follows
the format of similar guidance issued during the 2008 financial
crisis and in 2020, and applies to distributions declared on and
after November 1, 2021, and on or before June 30, 2022.
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