Schedule I & REIT's

[Guest shafter]

Does a real estate investment trust (REIT) fit definition of partneship/joint venture interests or real estate in Schedle I, Part 1, question 3? Or, have we caused enough problems for our client by answering yes to Part II, 4 g?

[Kristina]

I would recommend that you call the DOL helpline (866/463-3278) to determine how the REIT needs to be reported. (Because the people answering the phone are contract labor people and not DOL employees, be sure to rephrase and reask your question two or three times, or just ask for an agent.)

Since REITs are often more closely held than the limited partnerships of the past, I would be surprised if they want them reported as other than real estate. But they have surprised me before.

Could you post the answer you receive to this thread so all can benefit?

[david rigby]

I called the DOL to ask about reporting a REIT. Response:

"It would not be incorrect to show it on Line 1c(6) of Scheudle H. However, if you are uncomfortable showing it there, it can be reported on Line 1c(15)."

(Don't you just love double negatives?)

Use this "advice" however you wish.