REIT's - In Living Color
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REIT's - In Living Color Some of you ask why we recommend that you not invest in REIT's in your investment club. The answer is, because we want you to have simple accounting and record keeping for your club. Here's what you are up against if you invest in a REIT:Some of the entries affect your cost basis so if you don't (or didn't) make them every year, when you sell your shares your capital gains and losses won't be reported correctly. As this report shows, there is information in the "Dividend" section of your 1099 that can impact cost basis. It is extremely important that your records get updated each year when the information comes out. That is why we have added the 1099-DIV review report that you go through when you do step 2. Laurie Frederiksen
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