The company-built Methodist church became todayâs Margaret Church of Christ, a neat little white chapel on County Road 12 near the town park. A pianist at this old church, Lou Betts, later married U.S. Congressman Tom Bevill.
REITs, or real estate investment trusts, are companies that own or finance income-producing real estate in a range of property sectors. These companies have to meet a number of requirements to qualify as REITs.
Real Estate Investment Trust. FundTax provides calculations for REIT dividend and basis adjustment. FundTax automates the calculation of Return of Capital, Long-Term Capital Gain and Â§1250 amounts paid on REIT securities. In addition, the REIT application tracks basis adjustments on securities sold and calculates the appropriate gain or loss.