id	sid	tid	token	lemma	pos
ftr-305	1	1	florida	florida	PROPN
ftr-305	1	2	tax	tax	PROPN
ftr-305	1	3	review	review	PROPN
ftr-305	1	4	florida	florida	PROPN
ftr-305	1	5	tax	tax	NOUN
ftr-305	1	6	review	review	NOUN
ftr-305	1	7	volume	volume	NOUN
ftr-305	1	8	14	14	NUM
ftr-305	1	9	2013	2013	NUM
ftr-305	1	10	number	number	NOUN
ftr-305	1	11	1	1	NUM
ftr-305	1	12	1	1	NUM
ftr-305	1	13	suppose	suppose	VERB
ftr-305	1	14	firpta	firpta	NOUN
ftr-305	1	15	was	be	AUX
ftr-305	1	16	repealed	repeal	VERB
ftr-305	1	17	by	by	ADP
ftr-305	1	18	willard	willard	PROPN
ftr-305	1	19	b.	b.	PROPN
ftr-305	1	20	taylor∗	taylor∗	PROPN
ftr-305	1	21	abstract	abstract	ADV
ftr-305	1	22	this	this	DET
ftr-305	1	23	article	article	NOUN
ftr-305	1	24	argues	argue	VERB
ftr-305	1	25	,	,	PUNCT
ftr-305	1	26	as	as	SCONJ
ftr-305	1	27	others	other	NOUN
ftr-305	1	28	have	have	VERB
ftr-305	1	29	before	before	ADV
ftr-305	1	30	,	,	PUNCT
ftr-305	1	31	that	that	SCONJ
ftr-305	1	32	the	the	DET
ftr-305	1	33	foreign	foreign	ADJ
ftr-305	1	34	investment	investment	NOUN
ftr-305	1	35	in	in	ADP
ftr-305	1	36	real	real	ADJ
ftr-305	1	37	property	property	NOUN
ftr-305	1	38	tax	tax	NOUN
ftr-305	1	39	act	act	NOUN
ftr-305	1	40	of	of	ADP
ftr-305	1	41	1980	1980	NUM
ftr-305	1	42	(	(	PUNCT
ftr-305	1	43	or	or	CCONJ
ftr-305	1	44	“	"	PUNCT
ftr-305	1	45	firpta	firpta	NOUN
ftr-305	1	46	”	"	PUNCT
ftr-305	1	47	)	)	PUNCT
ftr-305	1	48	,	,	PUNCT
ftr-305	1	49	or	or	CCONJ
ftr-305	1	50	at	at	ADP
ftr-305	1	51	least	least	ADJ
ftr-305	1	52	the	the	DET
ftr-305	1	53	provisions	provision	NOUN
ftr-305	1	54	of	of	ADP
ftr-305	1	55	firpta	firpta	NOUN
ftr-305	1	56	relating	relate	VERB
ftr-305	1	57	to	to	ADP
ftr-305	1	58	“	"	PUNCT
ftr-305	1	59	united	united	PROPN
ftr-305	1	60	states	states	PROPN
ftr-305	1	61	real	real	ADJ
ftr-305	1	62	property	property	NOUN
ftr-305	1	63	holding	hold	VERB
ftr-305	1	64	corporations	corporation	NOUN
ftr-305	1	65	,	,	PUNCT
ftr-305	1	66	”	"	PUNCT
ftr-305	1	67	should	should	AUX
ftr-305	1	68	be	be	AUX
ftr-305	1	69	repealed	repeal	VERB
ftr-305	1	70	.	.	PUNCT
ftr-305	2	1	their	their	PRON
ftr-305	2	2	enactment	enactment	NOUN
ftr-305	2	3	in	in	ADP
ftr-305	2	4	1980	1980	NUM
ftr-305	2	5	was	be	AUX
ftr-305	2	6	misguided	misguided	ADJ
ftr-305	2	7	and	and	CCONJ
ftr-305	2	8	in	in	ADP
ftr-305	2	9	any	any	DET
ftr-305	2	10	event	event	NOUN
ftr-305	2	11	changes	change	NOUN
ftr-305	2	12	in	in	ADP
ftr-305	2	13	the	the	DET
ftr-305	2	14	internal	internal	ADJ
ftr-305	2	15	revenue	revenue	NOUN
ftr-305	2	16	code	code	NOUN
ftr-305	2	17	since	since	SCONJ
ftr-305	2	18	then	then	ADV
ftr-305	2	19	have	have	AUX
ftr-305	2	20	made	make	VERB
ftr-305	2	21	the	the	DET
ftr-305	2	22	provisions	provision	NOUN
ftr-305	2	23	obsolete	obsolete	ADJ
ftr-305	2	24	.	.	PUNCT
ftr-305	3	1	but	but	CCONJ
ftr-305	3	2	if	if	SCONJ
ftr-305	3	3	firpta	firpta	NOUN
ftr-305	3	4	is	be	AUX
ftr-305	3	5	repealed	repeal	VERB
ftr-305	3	6	,	,	PUNCT
ftr-305	3	7	in	in	ADP
ftr-305	3	8	whole	whole	NOUN
ftr-305	3	9	or	or	CCONJ
ftr-305	3	10	in	in	ADP
ftr-305	3	11	part	part	NOUN
ftr-305	3	12	,	,	PUNCT
ftr-305	3	13	the	the	DET
ftr-305	3	14	article	article	NOUN
ftr-305	3	15	argues	argue	VERB
ftr-305	3	16	that	that	SCONJ
ftr-305	3	17	the	the	DET
ftr-305	3	18	lack	lack	NOUN
ftr-305	3	19	of	of	ADP
ftr-305	3	20	parity	parity	NOUN
ftr-305	3	21	between	between	ADP
ftr-305	3	22	foreign	foreign	ADJ
ftr-305	3	23	investment	investment	NOUN
ftr-305	3	24	in	in	ADP
ftr-305	3	25	real	real	ADJ
ftr-305	3	26	property	property	NOUN
ftr-305	3	27	that	that	PRON
ftr-305	3	28	is	be	AUX
ftr-305	3	29	made	make	VERB
ftr-305	3	30	directly	directly	ADV
ftr-305	3	31	or	or	CCONJ
ftr-305	3	32	through	through	ADP
ftr-305	3	33	a	a	DET
ftr-305	3	34	partnership	partnership	NOUN
ftr-305	3	35	,	,	PUNCT
ftr-305	3	36	on	on	ADP
ftr-305	3	37	the	the	DET
ftr-305	3	38	one	one	NUM
ftr-305	3	39	hand	hand	NOUN
ftr-305	3	40	,	,	PUNCT
ftr-305	3	41	and	and	CCONJ
ftr-305	3	42	foreign	foreign	ADJ
ftr-305	3	43	investment	investment	NOUN
ftr-305	3	44	in	in	ADP
ftr-305	3	45	a	a	DET
ftr-305	3	46	real	real	ADJ
ftr-305	3	47	estate	estate	NOUN
ftr-305	3	48	investment	investment	NOUN
ftr-305	3	49	trust	trust	NOUN
ftr-305	3	50	(	(	PUNCT
ftr-305	3	51	or	or	CCONJ
ftr-305	3	52	a	a	DET
ftr-305	3	53	regulated	regulated	ADJ
ftr-305	3	54	investment	investment	NOUN
ftr-305	3	55	company	company	NOUN
ftr-305	3	56	that	that	PRON
ftr-305	3	57	invests	invest	VERB
ftr-305	3	58	in	in	ADP
ftr-305	3	59	shares	share	NOUN
ftr-305	3	60	of	of	ADP
ftr-305	3	61	real	real	ADJ
ftr-305	3	62	estate	estate	NOUN
ftr-305	3	63	investment	investment	NOUN
ftr-305	3	64	trusts	trust	NOUN
ftr-305	3	65	)	)	PUNCT
ftr-305	3	66	should	should	AUX
ftr-305	3	67	be	be	AUX
ftr-305	3	68	dealt	deal	VERB
ftr-305	3	69	with	with	ADP
ftr-305	3	70	.	.	PUNCT
ftr-305	4	1	otherwise	otherwise	ADV
ftr-305	4	2	,	,	PUNCT
ftr-305	4	3	repeal	repeal	NOUN
ftr-305	4	4	will	will	AUX
ftr-305	4	5	exacerbate	exacerbate	VERB
ftr-305	4	6	existing	exist	VERB
ftr-305	4	7	distortions	distortion	NOUN
ftr-305	4	8	(	(	PUNCT
ftr-305	4	9	which	which	PRON
ftr-305	4	10	were	be	AUX
ftr-305	4	11	already	already	ADV
ftr-305	4	12	pushed	push	VERB
ftr-305	4	13	further	far	ADV
ftr-305	4	14	by	by	ADP
ftr-305	4	15	firpta	firpta	NOUN
ftr-305	4	16	)	)	PUNCT
ftr-305	4	17	resulting	result	VERB
ftr-305	4	18	from	from	ADP
ftr-305	4	19	the	the	DET
ftr-305	4	20	choice	choice	NOUN
ftr-305	4	21	of	of	ADP
ftr-305	4	22	the	the	DET
ftr-305	4	23	entity	entity	NOUN
ftr-305	4	24	used	use	VERB
ftr-305	4	25	to	to	PART
ftr-305	4	26	make	make	VERB
ftr-305	4	27	an	an	DET
ftr-305	4	28	investment	investment	NOUN
ftr-305	4	29	in	in	ADP
ftr-305	4	30	us	we	PRON
ftr-305	4	31	real	real	ADJ
ftr-305	4	32	property	property	NOUN
ftr-305	4	33	.	.	PUNCT
ftr-305	5	1	the	the	DET
ftr-305	5	2	article	article	NOUN
ftr-305	5	3	also	also	ADV
ftr-305	5	4	suggests	suggest	VERB
ftr-305	5	5	that	that	SCONJ
ftr-305	5	6	repeal	repeal	NOUN
ftr-305	5	7	of	of	ADP
ftr-305	5	8	firpta	firpta	NOUN
ftr-305	5	9	would	would	AUX
ftr-305	5	10	provide	provide	VERB
ftr-305	5	11	an	an	DET
ftr-305	5	12	opportunity	opportunity	NOUN
ftr-305	5	13	to	to	PART
ftr-305	5	14	look	look	VERB
ftr-305	5	15	at	at	ADP
ftr-305	5	16	the	the	DET
ftr-305	5	17	taxation	taxation	NOUN
ftr-305	5	18	of	of	ADP
ftr-305	5	19	foreign	foreign	ADJ
ftr-305	5	20	investment	investment	NOUN
ftr-305	5	21	in	in	ADP
ftr-305	5	22	the	the	DET
ftr-305	5	23	united	united	PROPN
ftr-305	5	24	states	states	PROPN
ftr-305	5	25	more	more	ADV
ftr-305	5	26	broadly	broadly	ADV
ftr-305	5	27	and	and	CCONJ
ftr-305	5	28	in	in	ADP
ftr-305	5	29	particular	particular	ADJ
ftr-305	5	30	the	the	DET
ftr-305	5	31	rules	rule	NOUN
ftr-305	5	32	that	that	PRON
ftr-305	5	33	tax	tax	NOUN
ftr-305	5	34	income	income	NOUN
ftr-305	5	35	from	from	ADP
ftr-305	5	36	u.s	u.s	PROPN
ftr-305	5	37	.	.	PROPN
ftr-305	5	38	real	real	ADJ
ftr-305	5	39	property	property	NOUN
ftr-305	5	40	.	.	PUNCT
ftr-305	6	1	the	the	DET
ftr-305	6	2	tax	tax	NOUN
ftr-305	6	3	treatment	treatment	NOUN
ftr-305	6	4	of	of	ADP
ftr-305	6	5	inward	inward	ADJ
ftr-305	6	6	investment	investment	NOUN
ftr-305	6	7	is	be	AUX
ftr-305	6	8	a	a	DET
ftr-305	6	9	generally	generally	ADV
ftr-305	6	10	neglected	neglect	VERB
ftr-305	6	11	subject	subject	ADJ
ftr-305	6	12	.	.	PUNCT
ftr-305	7	1	the	the	DET
ftr-305	7	2	article	article	NOUN
ftr-305	7	3	concludes	conclude	VERB
ftr-305	7	4	by	by	ADP
ftr-305	7	5	arguing	argue	VERB
ftr-305	7	6	against	against	ADP
ftr-305	7	7	legislation	legislation	NOUN
ftr-305	7	8	that	that	PRON
ftr-305	7	9	would	would	AUX
ftr-305	7	10	keep	keep	VERB
ftr-305	7	11	the	the	DET
ftr-305	7	12	firpta	firpta	NOUN
ftr-305	7	13	rules	rule	NOUN
ftr-305	7	14	and	and	CCONJ
ftr-305	7	15	simply	simply	ADV
ftr-305	7	16	expand	expand	VERB
ftr-305	7	17	provisions	provision	NOUN
ftr-305	7	18	of	of	ADP
ftr-305	7	19	present	present	ADJ
ftr-305	7	20	law	law	NOUN
ftr-305	7	21	that	that	PRON
ftr-305	7	22	favor	favor	VERB
ftr-305	7	23	foreign	foreign	ADJ
ftr-305	7	24	investment	investment	NOUN
ftr-305	7	25	through	through	ADP
ftr-305	7	26	real	real	ADJ
ftr-305	7	27	estate	estate	NOUN
ftr-305	7	28	investment	investment	NOUN
ftr-305	7	29	trusts	trust	NOUN
ftr-305	7	30	,	,	PUNCT
ftr-305	7	31	such	such	ADJ
ftr-305	7	32	as	as	ADP
ftr-305	7	33	the	the	DET
ftr-305	7	34	real	real	ADJ
ftr-305	7	35	estate	estate	NOUN
ftr-305	7	36	jobs	job	NOUN
ftr-305	7	37	and	and	CCONJ
ftr-305	7	38	investment	investment	NOUN
ftr-305	7	39	act	act	NOUN
ftr-305	7	40	of	of	ADP
ftr-305	7	41	2011	2011	NUM
ftr-305	7	42	.	.	PUNCT
ftr-305	8	1	i.	i.	NOUN
ftr-305	8	2	introduction	introduction	NOUN
ftr-305	8	3	........................................................................................	........................................................................................	PUNCT
ftr-305	8	4	2	2	NUM
ftr-305	8	5	ii	ii	NOUN
ftr-305	8	6	.	.	PUNCT
ftr-305	9	1	summary	summary	NOUN
ftr-305	9	2	of	of	ADP
ftr-305	9	3	firpta	firpta	NOUN
ftr-305	9	4	......................................................................	......................................................................	PUNCT
ftr-305	10	1	5	5	NUM
ftr-305	10	2	a.	a.	NOUN
ftr-305	10	3	how	how	SCONJ
ftr-305	10	4	did	do	AUX
ftr-305	10	5	firpta	firpta	NOUN
ftr-305	10	6	change	change	VERB
ftr-305	10	7	the	the	DET
ftr-305	10	8	law	law	NOUN
ftr-305	10	9	?	?	PUNCT
ftr-305	10	10	.....................................................	.....................................................	PUNCT
ftr-305	11	1	7	7	NUM
ftr-305	11	2	∗	∗	NOUN
ftr-305	11	3	adjunct	adjunct	ADJ
ftr-305	11	4	professor	professor	NOUN
ftr-305	11	5	,	,	PUNCT
ftr-305	11	6	new	new	PROPN
ftr-305	11	7	york	york	PROPN
ftr-305	11	8	university	university	PROPN
ftr-305	11	9	law	law	NOUN
ftr-305	11	10	school	school	NOUN
ftr-305	11	11	.	.	PUNCT
ftr-305	12	1	the	the	DET
ftr-305	12	2	article	article	NOUN
ftr-305	12	3	was	be	AUX
ftr-305	12	4	presented	present	VERB
ftr-305	12	5	in	in	ADP
ftr-305	12	6	october	october	PROPN
ftr-305	12	7	2012	2012	NUM
ftr-305	12	8	at	at	ADP
ftr-305	12	9	the	the	DET
ftr-305	12	10	8th	8th	ADJ
ftr-305	12	11	annual	annual	ADJ
ftr-305	12	12	international	international	ADJ
ftr-305	12	13	tax	tax	NOUN
ftr-305	12	14	symposium	symposium	NOUN
ftr-305	12	15	of	of	ADP
ftr-305	12	16	the	the	DET
ftr-305	12	17	university	university	PROPN
ftr-305	12	18	of	of	ADP
ftr-305	12	19	florida	florida	PROPN
ftr-305	12	20	levin	levin	PROPN
ftr-305	12	21	college	college	PROPN
ftr-305	12	22	of	of	ADP
ftr-305	12	23	law	law	NOUN
ftr-305	12	24	’s	’s	PART
ftr-305	12	25	graduate	graduate	PROPN
ftr-305	12	26	tax	tax	NOUN
ftr-305	12	27	program	program	NOUN
ftr-305	12	28	and	and	CCONJ
ftr-305	12	29	reflects	reflect	VERB
ftr-305	12	30	comments	comment	NOUN
ftr-305	12	31	from	from	ADP
ftr-305	12	32	other	other	ADJ
ftr-305	12	33	participants	participant	NOUN
ftr-305	12	34	,	,	PUNCT
ftr-305	12	35	including	include	VERB
ftr-305	12	36	professors	professor	NOUN
ftr-305	12	37	yariv	yariv	PROPN
ftr-305	12	38	brauner	brauner	NOUN
ftr-305	12	39	,	,	PUNCT
ftr-305	12	40	omri	omri	PROPN
ftr-305	12	41	marian	marian	PROPN
ftr-305	12	42	and	and	CCONJ
ftr-305	12	43	martin	martin	PROPN
ftr-305	12	44	j.	j.	PROPN
ftr-305	12	45	mcmahon	mcmahon	PROPN
ftr-305	12	46	.	.	PROPN
ftr-305	13	1	2	2	NUM
ftr-305	13	2	florida	florida	PROPN
ftr-305	13	3	tax	tax	NOUN
ftr-305	13	4	review	review	NOUN
ftr-305	13	5	[	[	X
ftr-305	13	6	vol	vol	NOUN
ftr-305	13	7	.	.	PUNCT
ftr-305	14	1	14:1	14:1	NUM
ftr-305	14	2	b.	b.	X
ftr-305	14	3	why	why	SCONJ
ftr-305	14	4	was	be	AUX
ftr-305	14	5	firpta	firpta	NOUN
ftr-305	14	6	enacted	enact	VERB
ftr-305	14	7	?	?	PUNCT
ftr-305	15	1	..............................................................	..............................................................	PUNCT
ftr-305	16	1	10	10	NUM
ftr-305	16	2	c.	c.	NOUN
ftr-305	16	3	how	how	SCONJ
ftr-305	16	4	did	do	AUX
ftr-305	16	5	firpta	firpta	NOUN
ftr-305	16	6	respond	respond	VERB
ftr-305	16	7	to	to	ADP
ftr-305	16	8	these	these	DET
ftr-305	16	9	issues	issue	NOUN
ftr-305	16	10	?	?	PUNCT
ftr-305	16	11	.....................................	.....................................	PUNCT
ftr-305	17	1	13	13	NUM
ftr-305	17	2	d.	d.	NOUN
ftr-305	17	3	firpta	firpta	NOUN
ftr-305	17	4	and	and	CCONJ
ftr-305	17	5	income	income	NOUN
ftr-305	17	6	tax	tax	NOUN
ftr-305	17	7	treaties	treaty	NOUN
ftr-305	17	8	...................................................	...................................................	PUNCT
ftr-305	17	9	16	16	NUM
ftr-305	17	10	e.	e.	NOUN
ftr-305	17	11	firpta	firpta	PROPN
ftr-305	17	12	and	and	CCONJ
ftr-305	17	13	“	"	PUNCT
ftr-305	17	14	pass	pass	VERB
ftr-305	17	15	-	-	PUNCT
ftr-305	17	16	throughs	throughs	NOUN
ftr-305	17	17	”	"	PUNCT
ftr-305	17	18	........................................................	........................................................	PUNCT
ftr-305	17	19	17	17	NUM
ftr-305	17	20	1	1	NUM
ftr-305	17	21	.	.	PUNCT
ftr-305	17	22	fixed	fix	VERB
ftr-305	17	23	investment	investment	NOUN
ftr-305	17	24	trusts	trust	NOUN
ftr-305	17	25	..............................................................	..............................................................	PUNCT
ftr-305	17	26	18	18	NUM
ftr-305	17	27	2	2	NUM
ftr-305	17	28	.	.	PUNCT
ftr-305	17	29	partnerships	partnership	NOUN
ftr-305	17	30	..............................................................................	..............................................................................	PUNCT
ftr-305	17	31	19	19	NUM
ftr-305	17	32	3	3	NUM
ftr-305	17	33	.	.	PUNCT
ftr-305	17	34	reits	reits	PROPN
ftr-305	17	35	.........................................................................................	.........................................................................................	PUNCT
ftr-305	17	36	21	21	NUM
ftr-305	17	37	4	4	NUM
ftr-305	17	38	.	.	PUNCT
ftr-305	18	1	rics	ric	NOUN
ftr-305	18	2	...........................................................................................	...........................................................................................	PUNCT
ftr-305	19	1	27	27	NUM
ftr-305	19	2	f.	f.	NOUN
ftr-305	19	3	do	do	AUX
ftr-305	19	4	the	the	DET
ftr-305	19	5	rules	rule	NOUN
ftr-305	19	6	that	that	PRON
ftr-305	19	7	apply	apply	VERB
ftr-305	19	8	to	to	ADP
ftr-305	19	9	business	business	NOUN
ftr-305	19	10	intermediaries	intermediary	NOUN
ftr-305	19	11	make	make	VERB
ftr-305	19	12	sense	sense	NOUN
ftr-305	19	13	?	?	PUNCT
ftr-305	20	1	......................................................................................	......................................................................................	PUNCT
ftr-305	21	1	28	28	NUM
ftr-305	21	2	iii	iii	NOUN
ftr-305	21	3	.	.	PUNCT
ftr-305	22	1	repealing	repeal	VERB
ftr-305	22	2	the	the	DET
ftr-305	22	3	firpta	firpta	NOUN
ftr-305	22	4	rules	rule	NOUN
ftr-305	22	5	......................................................	......................................................	PUNCT
ftr-305	22	6	29	29	NUM
ftr-305	22	7	a.	a.	NOUN
ftr-305	22	8	real	real	ADJ
ftr-305	22	9	estate	estate	NOUN
ftr-305	22	10	investment	investment	NOUN
ftr-305	22	11	trusts	trust	NOUN
ftr-305	22	12	...........................................................	...........................................................	PUNCT
ftr-305	22	13	31	31	NUM
ftr-305	22	14	b.	b.	NOUN
ftr-305	22	15	repealing	repeal	VERB
ftr-305	22	16	the	the	DET
ftr-305	22	17	firpta	firpta	NOUN
ftr-305	22	18	rules	rule	NOUN
ftr-305	22	19	for	for	ADP
ftr-305	22	20	usrphcs	usrphcs	PROPN
ftr-305	22	21	....................................	....................................	PUNCT
ftr-305	22	22	33	33	NUM
ftr-305	22	23	c.	c.	NOUN
ftr-305	22	24	repeal	repeal	NOUN
ftr-305	22	25	of	of	ADP
ftr-305	22	26	all	all	PRON
ftr-305	22	27	of	of	ADP
ftr-305	22	28	firpta	firpta	NOUN
ftr-305	22	29	....................................................................	....................................................................	PUNCT
ftr-305	22	30	35	35	NUM
ftr-305	22	31	d.	d.	NOUN
ftr-305	22	32	tax	tax	NOUN
ftr-305	22	33	treaties	treaty	NOUN
ftr-305	22	34	......................................................................................	......................................................................................	PUNCT
ftr-305	22	35	38	38	NUM
ftr-305	22	36	iv	iv	NOUN
ftr-305	22	37	.	.	PUNCT
ftr-305	23	1	legislation	legislation	NOUN
ftr-305	23	2	other	other	ADJ
ftr-305	23	3	than	than	ADP
ftr-305	23	4	repeal	repeal	NOUN
ftr-305	23	5	..................................................	..................................................	PUNCT
ftr-305	23	6	41	41	NUM
ftr-305	23	7	i.	i.	NOUN
ftr-305	23	8	introduction	introduction	NOUN
ftr-305	23	9	the	the	DET
ftr-305	23	10	foreign	foreign	ADJ
ftr-305	23	11	investment	investment	NOUN
ftr-305	23	12	real	real	ADJ
ftr-305	23	13	property	property	NOUN
ftr-305	23	14	tax	tax	NOUN
ftr-305	23	15	act	act	NOUN
ftr-305	23	16	of	of	ADP
ftr-305	23	17	1980	1980	NUM
ftr-305	23	18	(	(	PUNCT
ftr-305	23	19	“	"	PUNCT
ftr-305	23	20	firpta	firpta	NOUN
ftr-305	23	21	”	"	PUNCT
ftr-305	23	22	)	)	PUNCT
ftr-305	23	23	amended	amend	VERB
ftr-305	23	24	the	the	DET
ftr-305	23	25	internal	internal	ADJ
ftr-305	23	26	revenue	revenue	NOUN
ftr-305	23	27	code	code	NOUN
ftr-305	23	28	to	to	PART
ftr-305	23	29	provide	provide	VERB
ftr-305	23	30	that	that	DET
ftr-305	23	31	gain	gain	NOUN
ftr-305	23	32	realized	realize	VERB
ftr-305	23	33	by	by	ADP
ftr-305	23	34	a	a	DET
ftr-305	23	35	nonresident	nonresident	ADJ
ftr-305	23	36	alien	alien	ADJ
ftr-305	23	37	individual	individual	ADJ
ftr-305	23	38	or	or	CCONJ
ftr-305	23	39	foreign	foreign	ADJ
ftr-305	23	40	corporation	corporation	NOUN
ftr-305	23	41	on	on	ADP
ftr-305	23	42	the	the	DET
ftr-305	23	43	sale	sale	NOUN
ftr-305	23	44	or	or	CCONJ
ftr-305	23	45	other	other	ADJ
ftr-305	23	46	disposition	disposition	NOUN
ftr-305	23	47	of	of	ADP
ftr-305	23	48	an	an	DET
ftr-305	23	49	interest	interest	NOUN
ftr-305	23	50	in	in	ADP
ftr-305	23	51	u.s	u.s	PROPN
ftr-305	23	52	.	.	PROPN
ftr-305	23	53	real	real	ADJ
ftr-305	23	54	property	property	NOUN
ftr-305	23	55	would	would	AUX
ftr-305	23	56	always	always	ADV
ftr-305	23	57	be	be	AUX
ftr-305	23	58	income	income	NOUN
ftr-305	23	59	“	"	PUNCT
ftr-305	23	60	effectively	effectively	ADV
ftr-305	23	61	connected	connect	VERB
ftr-305	23	62	”	"	PUNCT
ftr-305	23	63	with	with	ADP
ftr-305	23	64	the	the	DET
ftr-305	23	65	conduct	conduct	NOUN
ftr-305	23	66	of	of	ADP
ftr-305	23	67	a	a	DET
ftr-305	23	68	u.s	u.s	PROPN
ftr-305	23	69	.	.	PROPN
ftr-305	23	70	business	business	NOUN
ftr-305	23	71	and	and	CCONJ
ftr-305	23	72	thus	thus	ADV
ftr-305	23	73	would	would	AUX
ftr-305	23	74	be	be	AUX
ftr-305	23	75	subject	subject	ADJ
ftr-305	23	76	to	to	ADP
ftr-305	23	77	regular	regular	ADJ
ftr-305	23	78	rates	rate	NOUN
ftr-305	23	79	of	of	ADP
ftr-305	23	80	tax	tax	NOUN
ftr-305	23	81	and	and	CCONJ
ftr-305	23	82	possibly	possibly	ADV
ftr-305	23	83	also	also	ADV
ftr-305	23	84	to	to	ADP
ftr-305	23	85	branch	branch	NOUN
ftr-305	23	86	profits	profit	NOUN
ftr-305	23	87	tax	tax	NOUN
ftr-305	23	88	if	if	SCONJ
ftr-305	23	89	the	the	DET
ftr-305	23	90	interest	interest	NOUN
ftr-305	23	91	was	be	AUX
ftr-305	23	92	sold	sell	VERB
ftr-305	23	93	or	or	CCONJ
ftr-305	23	94	disposed	dispose	VERB
ftr-305	23	95	of	of	ADP
ftr-305	23	96	by	by	ADP
ftr-305	23	97	a	a	DET
ftr-305	23	98	foreign	foreign	ADJ
ftr-305	23	99	corporation	corporation	NOUN
ftr-305	23	100	.	.	PUNCT
ftr-305	24	1	it	it	PRON
ftr-305	24	2	also	also	ADV
ftr-305	24	3	defined	define	VERB
ftr-305	24	4	u.s	u.s	PROPN
ftr-305	24	5	.	.	PROPN
ftr-305	24	6	real	real	ADJ
ftr-305	24	7	property	property	NOUN
ftr-305	24	8	to	to	PART
ftr-305	24	9	include	include	VERB
ftr-305	24	10	land	land	NOUN
ftr-305	24	11	,	,	PUNCT
ftr-305	24	12	buildings	building	NOUN
ftr-305	24	13	and	and	CCONJ
ftr-305	24	14	improvements	improvement	NOUN
ftr-305	24	15	,	,	PUNCT
ftr-305	24	16	whether	whether	SCONJ
ftr-305	24	17	acquired	acquire	VERB
ftr-305	24	18	as	as	ADP
ftr-305	24	19	a	a	DET
ftr-305	24	20	personal	personal	ADJ
ftr-305	24	21	investment	investment	NOUN
ftr-305	24	22	or	or	CCONJ
ftr-305	24	23	to	to	PART
ftr-305	24	24	produce	produce	VERB
ftr-305	24	25	income	income	NOUN
ftr-305	24	26	,	,	PUNCT
ftr-305	24	27	personal	personal	ADJ
ftr-305	24	28	property	property	NOUN
ftr-305	24	29	“	"	PUNCT
ftr-305	24	30	associated	associate	VERB
ftr-305	24	31	”	"	PUNCT
ftr-305	24	32	with	with	ADP
ftr-305	24	33	the	the	DET
ftr-305	24	34	use	use	NOUN
ftr-305	24	35	of	of	ADP
ftr-305	24	36	real	real	ADJ
ftr-305	24	37	property	property	NOUN
ftr-305	24	38	,	,	PUNCT
ftr-305	24	39	and	and	CCONJ
ftr-305	24	40	equity	equity	NOUN
ftr-305	24	41	and	and	CCONJ
ftr-305	24	42	certain	certain	ADJ
ftr-305	24	43	other	other	ADJ
ftr-305	24	44	interests	interest	NOUN
ftr-305	24	45	in	in	ADP
ftr-305	24	46	a	a	DET
ftr-305	24	47	u.s	u.s	PROPN
ftr-305	24	48	.	.	PROPN
ftr-305	24	49	corporation	corporation	NOUN
ftr-305	24	50	if	if	SCONJ
ftr-305	24	51	50	50	NUM
ftr-305	24	52	percent	percent	NOUN
ftr-305	24	53	or	or	CCONJ
ftr-305	24	54	more	more	ADJ
ftr-305	24	55	by	by	ADP
ftr-305	24	56	value	value	NOUN
ftr-305	24	57	of	of	ADP
ftr-305	24	58	its	its	PRON
ftr-305	24	59	business	business	NOUN
ftr-305	24	60	assets	asset	NOUN
ftr-305	24	61	and	and	CCONJ
ftr-305	24	62	interests	interest	NOUN
ftr-305	24	63	in	in	ADP
ftr-305	24	64	real	real	ADJ
ftr-305	24	65	property	property	NOUN
ftr-305	24	66	were	be	AUX
ftr-305	24	67	(	(	PUNCT
ftr-305	24	68	or	or	CCONJ
ftr-305	24	69	in	in	ADP
ftr-305	24	70	the	the	DET
ftr-305	24	71	last	last	ADJ
ftr-305	24	72	five	five	NUM
ftr-305	24	73	years	year	NOUN
ftr-305	24	74	had	have	AUX
ftr-305	24	75	been	be	AUX
ftr-305	24	76	)	)	PUNCT
ftr-305	24	77	interests	interest	NOUN
ftr-305	24	78	in	in	ADP
ftr-305	24	79	real	real	ADJ
ftr-305	24	80	property	property	NOUN
ftr-305	24	81	located	locate	VERB
ftr-305	24	82	in	in	ADP
ftr-305	24	83	the	the	DET
ftr-305	24	84	united	united	PROPN
ftr-305	24	85	states.1	states.1	PROPN
ftr-305	24	86	in	in	ADP
ftr-305	24	87	its	its	PRON
ftr-305	24	88	perfect	perfect	ADJ
ftr-305	24	89	world	world	NOUN
ftr-305	24	90	,	,	PUNCT
ftr-305	24	91	the	the	DET
ftr-305	24	92	u.s	u.s	PROPN
ftr-305	24	93	.	.	PROPN
ftr-305	24	94	real	real	ADJ
ftr-305	24	95	estate	estate	NOUN
ftr-305	24	96	industry	industry	NOUN
ftr-305	24	97	would	would	AUX
ftr-305	24	98	repeal	repeal	VERB
ftr-305	24	99	firpta	firpta	NOUN
ftr-305	24	100	,	,	PUNCT
ftr-305	24	101	arguing	argue	VERB
ftr-305	24	102	that	that	SCONJ
ftr-305	24	103	it	it	PRON
ftr-305	24	104	discourages	discourage	VERB
ftr-305	24	105	foreign	foreign	ADJ
ftr-305	24	106	investment.2	investment.2	NOUN
ftr-305	24	107	so	so	ADV
ftr-305	24	108	would	would	AUX
ftr-305	24	109	some	some	DET
ftr-305	24	110	1	1	NUM
ftr-305	24	111	.	.	PUNCT
ftr-305	24	112	i.r.c	i.r.c	NOUN
ftr-305	24	113	.	.	PUNCT
ftr-305	25	1	§	§	PROPN
ftr-305	25	2	897	897	NUM
ftr-305	25	3	firpta	firpta	NOUN
ftr-305	25	4	which	which	PRON
ftr-305	25	5	applies	apply	VERB
ftr-305	25	6	to	to	ADP
ftr-305	25	7	dispositions	disposition	NOUN
ftr-305	25	8	of	of	ADP
ftr-305	25	9	interests	interest	NOUN
ftr-305	25	10	in	in	ADP
ftr-305	25	11	u.s	u.s	PROPN
ftr-305	25	12	.	.	PROPN
ftr-305	25	13	real	real	ADJ
ftr-305	25	14	property	property	NOUN
ftr-305	25	15	after	after	ADP
ftr-305	25	16	june	june	PROPN
ftr-305	25	17	18	18	NUM
ftr-305	25	18	,	,	PUNCT
ftr-305	25	19	1980	1980	NUM
ftr-305	25	20	(	(	PUNCT
ftr-305	25	21	and	and	CCONJ
ftr-305	25	22	also	also	ADV
ftr-305	25	23	provides	provide	VERB
ftr-305	25	24	a	a	DET
ftr-305	25	25	carryover	carryover	NOUN
ftr-305	25	26	basis	basis	NOUN
ftr-305	25	27	for	for	ADP
ftr-305	25	28	certain	certain	ADJ
ftr-305	25	29	related	related	ADJ
ftr-305	25	30	party	party	NOUN
ftr-305	25	31	transfers	transfer	NOUN
ftr-305	25	32	after	after	ADP
ftr-305	25	33	december	december	PROPN
ftr-305	25	34	31	31	NUM
ftr-305	25	35	,	,	PUNCT
ftr-305	25	36	1979	1979	NUM
ftr-305	25	37	and	and	CCONJ
ftr-305	25	38	before	before	ADP
ftr-305	25	39	the	the	DET
ftr-305	25	40	effective	effective	ADJ
ftr-305	25	41	date	date	NOUN
ftr-305	25	42	)	)	PUNCT
ftr-305	25	43	.	.	PUNCT
ftr-305	26	1	this	this	DET
ftr-305	26	2	paper	paper	NOUN
ftr-305	26	3	deals	deal	NOUN
ftr-305	26	4	with	with	ADP
ftr-305	26	5	firpta	firpta	NOUN
ftr-305	26	6	as	as	ADP
ftr-305	26	7	in	in	ADP
ftr-305	26	8	effect	effect	NOUN
ftr-305	26	9	today	today	NOUN
ftr-305	26	10	and	and	CCONJ
ftr-305	26	11	,	,	PUNCT
ftr-305	26	12	with	with	ADP
ftr-305	26	13	a	a	DET
ftr-305	26	14	few	few	ADJ
ftr-305	26	15	exceptions	exception	NOUN
ftr-305	26	16	,	,	PUNCT
ftr-305	26	17	does	do	AUX
ftr-305	26	18	not	not	PART
ftr-305	26	19	discuss	discuss	VERB
ftr-305	26	20	amendments	amendment	NOUN
ftr-305	26	21	made	make	VERB
ftr-305	26	22	since	since	SCONJ
ftr-305	26	23	1980	1980	NUM
ftr-305	26	24	.	.	PUNCT
ftr-305	27	1	all	all	DET
ftr-305	27	2	citations	citation	NOUN
ftr-305	27	3	in	in	ADP
ftr-305	27	4	the	the	DET
ftr-305	27	5	text	text	NOUN
ftr-305	27	6	to	to	ADP
ftr-305	27	7	sections	section	NOUN
ftr-305	27	8	are	be	AUX
ftr-305	27	9	to	to	ADP
ftr-305	27	10	the	the	DET
ftr-305	27	11	internal	internal	ADJ
ftr-305	27	12	revenue	revenue	NOUN
ftr-305	27	13	code	code	NOUN
ftr-305	27	14	of	of	ADP
ftr-305	27	15	1986	1986	NUM
ftr-305	27	16	,	,	PUNCT
ftr-305	27	17	as	as	SCONJ
ftr-305	27	18	amended	amend	VERB
ftr-305	27	19	.	.	PUNCT
ftr-305	28	1	2	2	X
ftr-305	28	2	.	.	X
ftr-305	28	3	see	see	VERB
ftr-305	28	4	statement	statement	NOUN
ftr-305	28	5	of	of	ADP
ftr-305	28	6	jeffrey	jeffrey	PROPN
ftr-305	28	7	d.	d.	PROPN
ftr-305	28	8	deboer	deboer	PROPN
ftr-305	28	9	on	on	ADP
ftr-305	28	10	behalf	behalf	NOUN
ftr-305	28	11	of	of	ADP
ftr-305	28	12	the	the	DET
ftr-305	28	13	real	real	ADJ
ftr-305	28	14	estate	estate	NOUN
ftr-305	28	15	roundtable	roundtable	ADJ
ftr-305	28	16	before	before	ADP
ftr-305	28	17	the	the	DET
ftr-305	28	18	subcommittee	subcommittee	NOUN
ftr-305	28	19	on	on	ADP
ftr-305	28	20	select	select	ADJ
ftr-305	28	21	revenue	revenue	NOUN
ftr-305	28	22	measures	measure	NOUN
ftr-305	28	23	,	,	PUNCT
ftr-305	28	24	real	real	ADJ
ftr-305	28	25	estate	estate	NOUN
ftr-305	28	26	2013	2013	NUM
ftr-305	28	27	]	]	PUNCT
ftr-305	28	28	suppose	suppose	VERB
ftr-305	28	29	firpta	firpta	NOUN
ftr-305	28	30	was	be	AUX
ftr-305	28	31	repealed	repeal	VERB
ftr-305	28	32	3	3	NUM
ftr-305	28	33	more	more	ADV
ftr-305	28	34	disinterested	disintereste	VERB
ftr-305	28	35	commentators.3	commentators.3	NOUN
ftr-305	28	36	and	and	CCONJ
ftr-305	28	37	the	the	DET
ftr-305	28	38	late	late	ADJ
ftr-305	28	39	senator	senator	NOUN
ftr-305	28	40	wallup	wallup	NOUN
ftr-305	28	41	,	,	PUNCT
ftr-305	28	42	one	one	NUM
ftr-305	28	43	of	of	ADP
ftr-305	28	44	the	the	DET
ftr-305	28	45	driving	drive	VERB
ftr-305	28	46	forces	force	NOUN
ftr-305	28	47	behind	behind	ADP
ftr-305	28	48	firpta	firpta	NOUN
ftr-305	28	49	’s	’s	PART
ftr-305	28	50	enactment	enactment	NOUN
ftr-305	28	51	,	,	PUNCT
ftr-305	28	52	seemed	seem	VERB
ftr-305	28	53	amenable	amenable	ADJ
ftr-305	28	54	to	to	PART
ftr-305	28	55	repeal	repeal	VERB
ftr-305	28	56	,	,	PUNCT
ftr-305	28	57	other	other	ADJ
ftr-305	28	58	than	than	ADP
ftr-305	28	59	with	with	ADP
ftr-305	28	60	respect	respect	NOUN
ftr-305	28	61	to	to	ADP
ftr-305	28	62	farm	farm	NOUN
ftr-305	28	63	land	land	NOUN
ftr-305	28	64	,	,	PUNCT
ftr-305	28	65	when	when	SCONJ
ftr-305	28	66	the	the	DET
ftr-305	28	67	senate	senate	PROPN
ftr-305	28	68	took	take	VERB
ftr-305	28	69	up	up	ADP
ftr-305	28	70	the	the	DET
ftr-305	28	71	issue	issue	NOUN
ftr-305	28	72	four	four	NUM
ftr-305	28	73	years	year	NOUN
ftr-305	28	74	after	after	ADP
ftr-305	28	75	the	the	DET
ftr-305	28	76	enactment	enactment	NOUN
ftr-305	28	77	of	of	ADP
ftr-305	28	78	firpta.4	firpta.4	PROPN
ftr-305	28	79	the	the	DET
ftr-305	28	80	firpta	firpta	NOUN
ftr-305	28	81	tax	tax	NOUN
ftr-305	28	82	on	on	ADP
ftr-305	28	83	shares	share	NOUN
ftr-305	28	84	of	of	ADP
ftr-305	28	85	a	a	DET
ftr-305	28	86	u.s	u.s	PROPN
ftr-305	28	87	.	.	PROPN
ftr-305	28	88	real	real	ADJ
ftr-305	28	89	property	property	NOUN
ftr-305	28	90	holding	hold	VERB
ftr-305	28	91	corporation	corporation	NOUN
ftr-305	28	92	(	(	PUNCT
ftr-305	28	93	hereafter	hereafter	ADV
ftr-305	28	94	,	,	PUNCT
ftr-305	28	95	a	a	DET
ftr-305	28	96	“	"	PUNCT
ftr-305	28	97	usrphc	usrphc	NOUN
ftr-305	28	98	”	"	PUNCT
ftr-305	28	99	)	)	PUNCT
ftr-305	28	100	—	—	PUNCT
ftr-305	28	101	which	which	PRON
ftr-305	28	102	has	have	AUX
ftr-305	28	103	been	be	AUX
ftr-305	28	104	a	a	DET
ftr-305	28	105	particular	particular	ADJ
ftr-305	28	106	focus	focus	NOUN
ftr-305	28	107	of	of	ADP
ftr-305	28	108	critics	critic	NOUN
ftr-305	28	109	—	—	PUNCT
ftr-305	28	110	has	have	AUX
ftr-305	28	111	also	also	ADV
ftr-305	28	112	been	be	AUX
ftr-305	28	113	classified	classify	VERB
ftr-305	28	114	as	as	ADP
ftr-305	28	115	a	a	DET
ftr-305	28	116	“	"	PUNCT
ftr-305	28	117	negative	negative	ADJ
ftr-305	28	118	”	"	PUNCT
ftr-305	28	119	tax	tax	NOUN
ftr-305	28	120	expenditure	expenditure	NOUN
ftr-305	28	121	,	,	PUNCT
ftr-305	28	122	i.e.	i.e.	X
ftr-305	28	123	,	,	PUNCT
ftr-305	28	124	as	as	ADP
ftr-305	28	125	a	a	DET
ftr-305	28	126	deviation	deviation	NOUN
ftr-305	28	127	from	from	ADP
ftr-305	28	128	a	a	DET
ftr-305	28	129	“	"	PUNCT
ftr-305	28	130	normal	normal	ADJ
ftr-305	28	131	”	"	PUNCT
ftr-305	28	132	income	income	NOUN
ftr-305	28	133	tax	tax	NOUN
ftr-305	28	134	that	that	PRON
ftr-305	28	135	collects	collect	VERB
ftr-305	28	136	more	more	ADJ
ftr-305	28	137	tax	tax	NOUN
ftr-305	28	138	than	than	SCONJ
ftr-305	28	139	would	would	AUX
ftr-305	28	140	be	be	AUX
ftr-305	28	141	collected	collect	VERB
ftr-305	28	142	under	under	ADP
ftr-305	28	143	a	a	DET
ftr-305	28	144	“	"	PUNCT
ftr-305	28	145	normal	normal	ADJ
ftr-305	28	146	”	"	PUNCT
ftr-305	28	147	income	income	NOUN
ftr-305	28	148	tax	tax	NOUN
ftr-305	28	149	system.5	system.5	PROPN
ftr-305	28	150	since	since	SCONJ
ftr-305	28	151	real	real	ADJ
ftr-305	28	152	property	property	NOUN
ftr-305	28	153	includes	include	VERB
ftr-305	28	154	infrastructure	infrastructure	NOUN
ftr-305	28	155	projects	project	NOUN
ftr-305	28	156	such	such	ADJ
ftr-305	28	157	as	as	ADP
ftr-305	28	158	roads	road	NOUN
ftr-305	28	159	,	,	PUNCT
ftr-305	28	160	tunnels	tunnel	NOUN
ftr-305	28	161	and	and	CCONJ
ftr-305	28	162	railroads	railroad	NOUN
ftr-305	28	163	,	,	PUNCT
ftr-305	28	164	critics	critic	NOUN
ftr-305	28	165	of	of	ADP
ftr-305	28	166	firpta	firpta	NOUN
ftr-305	28	167	cite	cite	VERB
ftr-305	28	168	the	the	DET
ftr-305	28	169	need	need	NOUN
ftr-305	28	170	to	to	PART
ftr-305	28	171	encourage	encourage	VERB
ftr-305	28	172	investment	investment	NOUN
ftr-305	28	173	in	in	ADP
ftr-305	28	174	u.s	u.s	PROPN
ftr-305	28	175	.	.	PROPN
ftr-305	28	176	infrastructure	infrastructure	NOUN
ftr-305	28	177	as	as	ADP
ftr-305	28	178	another	another	DET
ftr-305	28	179	argument	argument	NOUN
ftr-305	28	180	for	for	ADP
ftr-305	28	181	repeal.6	repeal.6	PROPN
ftr-305	28	182	nonetheless	nonetheless	ADV
ftr-305	28	183	,	,	PUNCT
ftr-305	28	184	while	while	SCONJ
ftr-305	28	185	firpta	firpta	NOUN
ftr-305	28	186	roundtable	roundtable	ADJ
ftr-305	28	187	(	(	PUNCT
ftr-305	28	188	june	june	PROPN
ftr-305	28	189	23	23	NUM
ftr-305	28	190	,	,	PUNCT
ftr-305	28	191	2011	2011	NUM
ftr-305	28	192	.	.	PUNCT
ftr-305	28	193	)	)	PUNCT
ftr-305	28	194	,	,	PUNCT
ftr-305	28	195	www.rer.org/firpta-testimony-june2011.aspx	www.rer.org/firpta-testimony-june2011.aspx	PRON
ftr-305	28	196	(	(	PUNCT
ftr-305	28	197	“	"	PUNCT
ftr-305	28	198	firpta	firpta	NOUN
ftr-305	28	199	has	have	AUX
ftr-305	28	200	succeeded	succeed	VERB
ftr-305	28	201	beyond	beyond	ADP
ftr-305	28	202	its	its	PRON
ftr-305	28	203	enactors	enactor	NOUN
ftr-305	28	204	wildest	wild	ADJ
ftr-305	28	205	dreams	dream	NOUN
ftr-305	28	206	in	in	ADP
ftr-305	28	207	discouraging	discourage	VERB
ftr-305	28	208	foreign	foreign	ADJ
ftr-305	28	209	investment	investment	NOUN
ftr-305	28	210	in	in	ADP
ftr-305	28	211	u.s	u.s	PROPN
ftr-305	28	212	.	.	PROPN
ftr-305	28	213	real	real	ADJ
ftr-305	28	214	property	property	NOUN
ftr-305	28	215	.	.	PUNCT
ftr-305	29	1	it	it	PRON
ftr-305	29	2	is	be	AUX
ftr-305	29	3	a	a	DET
ftr-305	29	4	deterrent	deterrent	NOUN
ftr-305	29	5	to	to	ADP
ftr-305	29	6	foreign	foreign	ADJ
ftr-305	29	7	investors	investor	NOUN
ftr-305	29	8	,	,	PUNCT
ftr-305	29	9	an	an	DET
ftr-305	29	10	administrative	administrative	ADJ
ftr-305	29	11	drain	drain	NOUN
ftr-305	29	12	.	.	PUNCT
ftr-305	29	13	.	.	PUNCT
ftr-305	29	14	.	.	PUNCT
ftr-305	30	1	,	,	PUNCT
ftr-305	30	2	and	and	CCONJ
ftr-305	30	3	without	without	ADP
ftr-305	30	4	policy	policy	NOUN
ftr-305	30	5	justification	justification	NOUN
ftr-305	30	6	.	.	PUNCT
ftr-305	31	1	if	if	SCONJ
ftr-305	31	2	budgetary	budgetary	ADJ
ftr-305	31	3	constraints	constraint	NOUN
ftr-305	31	4	were	be	AUX
ftr-305	31	5	not	not	PART
ftr-305	31	6	a	a	DET
ftr-305	31	7	factor	factor	NOUN
ftr-305	31	8	,	,	PUNCT
ftr-305	31	9	the	the	DET
ftr-305	31	10	roundtable	roundtable	NOUN
ftr-305	31	11	would	would	AUX
ftr-305	31	12	recommend	recommend	VERB
ftr-305	31	13	that	that	SCONJ
ftr-305	31	14	firpta	firpta	NOUN
ftr-305	31	15	be	be	AUX
ftr-305	31	16	repealed	repeal	VERB
ftr-305	31	17	in	in	ADP
ftr-305	31	18	its	its	PRON
ftr-305	31	19	entirety	entirety	NOUN
ftr-305	31	20	now	now	ADV
ftr-305	31	21	.	.	PUNCT
ftr-305	31	22	”	"	PUNCT
ftr-305	32	1	)	)	PUNCT
ftr-305	32	2	3	3	X
ftr-305	32	3	.	.	X
ftr-305	32	4	see	see	VERB
ftr-305	32	5	,	,	PUNCT
ftr-305	32	6	e.g.	e.g.	ADV
ftr-305	32	7	,	,	PUNCT
ftr-305	32	8	richard	richard	PROPN
ftr-305	32	9	l.	l.	PROPN
ftr-305	32	10	kaplan	kaplan	PROPN
ftr-305	32	11	,	,	PUNCT
ftr-305	32	12	creeping	creep	VERB
ftr-305	32	13	xenophonia	xenophonia	NOUN
ftr-305	32	14	and	and	CCONJ
ftr-305	32	15	the	the	DET
ftr-305	32	16	taxation	taxation	NOUN
ftr-305	32	17	of	of	ADP
ftr-305	32	18	foreign	foreign	NOUN
ftr-305	32	19	-	-	PUNCT
ftr-305	32	20	owned	own	VERB
ftr-305	32	21	real	real	ADJ
ftr-305	32	22	estate	estate	NOUN
ftr-305	32	23	,	,	PUNCT
ftr-305	32	24	71	71	NUM
ftr-305	32	25	geo	geo	PROPN
ftr-305	32	26	.	.	PUNCT
ftr-305	32	27	l.j	l.j	PROPN
ftr-305	32	28	.	.	PROPN
ftr-305	32	29	1091	1091	NUM
ftr-305	32	30	,	,	PUNCT
ftr-305	32	31	1095	1095	NUM
ftr-305	32	32	,	,	PUNCT
ftr-305	32	33	1128	1128	NUM
ftr-305	32	34	(	(	PUNCT
ftr-305	32	35	1983	1983	NUM
ftr-305	32	36	)	)	PUNCT
ftr-305	33	1	[	[	X
ftr-305	33	2	hereinafter	hereinafter	NOUN
ftr-305	33	3	kaplan	kaplan	NOUN
ftr-305	33	4	,	,	PUNCT
ftr-305	33	5	creeping	creep	VERB
ftr-305	33	6	xenophonia	xenophonia	NOUN
ftr-305	33	7	]	]	X
ftr-305	33	8	(	(	PUNCT
ftr-305	33	9	“	"	PUNCT
ftr-305	33	10	for	for	ADP
ftr-305	33	11	reasons	reason	NOUN
ftr-305	33	12	of	of	ADP
ftr-305	33	13	tax	tax	NOUN
ftr-305	33	14	complexity	complexity	NOUN
ftr-305	33	15	,	,	PUNCT
ftr-305	33	16	international	international	ADJ
ftr-305	33	17	relations	relation	NOUN
ftr-305	33	18	,	,	PUNCT
ftr-305	33	19	and	and	CCONJ
ftr-305	33	20	economic	economic	ADJ
ftr-305	33	21	policy	policy	NOUN
ftr-305	33	22	.	.	PUNCT
ftr-305	33	23	.	.	PUNCT
ftr-305	33	24	.	.	PUNCT
ftr-305	34	1	firpta	firpta	NOUN
ftr-305	34	2	should	should	AUX
ftr-305	34	3	be	be	AUX
ftr-305	34	4	repealed	repeal	VERB
ftr-305	34	5	in	in	ADP
ftr-305	34	6	its	its	PRON
ftr-305	34	7	entirety	entirety	NOUN
ftr-305	34	8	posthaste	posthaste	NOUN
ftr-305	34	9	.	.	PUNCT
ftr-305	34	10	”	"	PUNCT
ftr-305	35	1	and	and	CCONJ
ftr-305	35	2	firpta	firpta	NOUN
ftr-305	35	3	“	"	PUNCT
ftr-305	35	4	is	be	AUX
ftr-305	35	5	an	an	DET
ftr-305	35	6	unmitigated	unmitigated	ADJ
ftr-305	35	7	disaster	disaster	NOUN
ftr-305	35	8	.	.	PUNCT
ftr-305	35	9	”	"	PUNCT
ftr-305	35	10	)	)	PUNCT
ftr-305	35	11	;	;	PUNCT
ftr-305	36	1	fred	fred	PROPN
ftr-305	36	2	brown	brown	PROPN
ftr-305	36	3	,	,	PUNCT
ftr-305	36	4	wither	wither	NOUN
ftr-305	36	5	firpta	firpta	NOUN
ftr-305	36	6	?	?	PUNCT
ftr-305	36	7	,	,	PUNCT
ftr-305	36	8	57	57	NUM
ftr-305	36	9	tax	tax	NOUN
ftr-305	36	10	law	law	NOUN
ftr-305	36	11	.	.	PUNCT
ftr-305	37	1	295	295	NUM
ftr-305	37	2	,	,	PUNCT
ftr-305	37	3	296–97	296–97	NUM
ftr-305	37	4	,	,	PUNCT
ftr-305	37	5	302	302	NUM
ftr-305	37	6	(	(	PUNCT
ftr-305	37	7	2004	2004	NUM
ftr-305	37	8	)	)	PUNCT
ftr-305	38	1	[	[	X
ftr-305	38	2	hereinafter	hereinafter	NOUN
ftr-305	38	3	brown	brown	NOUN
ftr-305	38	4	,	,	PUNCT
ftr-305	38	5	wither	wither	NOUN
ftr-305	38	6	firpta	firpta	NOUN
ftr-305	38	7	]	]	PUNCT
ftr-305	38	8	(	(	PUNCT
ftr-305	38	9	“	"	PUNCT
ftr-305	38	10	an	an	DET
ftr-305	38	11	area	area	NOUN
ftr-305	38	12	that	that	PRON
ftr-305	38	13	is	be	AUX
ftr-305	38	14	ripe	ripe	ADJ
ftr-305	38	15	for	for	ADP
ftr-305	38	16	.	.	PUNCT
ftr-305	38	17	.	.	PUNCT
ftr-305	38	18	.	.	PUNCT
ftr-305	39	1	a	a	DET
ftr-305	39	2	deadwood	deadwood	NOUN
ftr-305	39	3	analysis	analysis	NOUN
ftr-305	39	4	is	be	AUX
ftr-305	39	5	.	.	PUNCT
ftr-305	39	6	.	.	PUNCT
ftr-305	39	7	.	.	PUNCT
ftr-305	40	1	[	[	X
ftr-305	40	2	firpta	firpta	NOUN
ftr-305	40	3	]	]	PUNCT
ftr-305	40	4	.	.	PUNCT
ftr-305	40	5	.	.	PUNCT
ftr-305	40	6	.	.	PUNCT
ftr-305	40	7	.	.	PUNCT
ftr-305	41	1	this	this	DET
ftr-305	41	2	article	article	NOUN
ftr-305	41	3	suggests	suggest	VERB
ftr-305	41	4	that	that	SCONJ
ftr-305	41	5	the	the	DET
ftr-305	41	6	repeal	repeal	NOUN
ftr-305	41	7	of	of	ADP
ftr-305	41	8	portions	portion	NOUN
ftr-305	41	9	of	of	ADP
ftr-305	41	10	firpta	firpta	NOUN
ftr-305	41	11	may	may	AUX
ftr-305	41	12	be	be	AUX
ftr-305	41	13	in	in	ADP
ftr-305	41	14	order	order	NOUN
ftr-305	41	15	.	.	PUNCT
ftr-305	41	16	.	.	PUNCT
ftr-305	41	17	.	.	PUNCT
ftr-305	41	18	.	.	PUNCT
ftr-305	41	19	”	"	PUNCT
ftr-305	42	1	and	and	CCONJ
ftr-305	42	2	concluding	conclude	VERB
ftr-305	42	3	that	that	SCONJ
ftr-305	42	4	“	"	PUNCT
ftr-305	42	5	fundamental	fundamental	ADJ
ftr-305	42	6	policy	policy	NOUN
ftr-305	42	7	considerations	consideration	NOUN
ftr-305	42	8	call	call	VERB
ftr-305	42	9	for	for	ADP
ftr-305	42	10	the	the	DET
ftr-305	42	11	retention	retention	NOUN
ftr-305	42	12	of	of	ADP
ftr-305	42	13	[	[	PUNCT
ftr-305	42	14	the	the	DET
ftr-305	42	15	firpta	firpta	NOUN
ftr-305	42	16	treatment	treatment	NOUN
ftr-305	42	17	of	of	ADP
ftr-305	42	18	directly	directly	ADV
ftr-305	42	19	held	hold	VERB
ftr-305	42	20	interests	interest	NOUN
ftr-305	42	21	,	,	PUNCT
ftr-305	42	22	but	but	CCONJ
ftr-305	42	23	]	]	PUNCT
ftr-305	42	24	.	.	PUNCT
ftr-305	42	25	.	.	PUNCT
ftr-305	43	1	.	.	PUNCT
ftr-305	44	1	serious	serious	ADJ
ftr-305	44	2	consideration	consideration	NOUN
ftr-305	44	3	should	should	AUX
ftr-305	44	4	be	be	AUX
ftr-305	44	5	given	give	VERB
ftr-305	44	6	to	to	ADP
ftr-305	44	7	eliminating	eliminate	VERB
ftr-305	44	8	the	the	DET
ftr-305	44	9	rules	rule	NOUN
ftr-305	44	10	that	that	PRON
ftr-305	44	11	apply	apply	VERB
ftr-305	44	12	to	to	ADP
ftr-305	44	13	dispositions	disposition	NOUN
ftr-305	44	14	of	of	ADP
ftr-305	44	15	stock	stock	NOUN
ftr-305	44	16	in	in	ADP
ftr-305	44	17	certain	certain	ADJ
ftr-305	44	18	u.s	u.s	PROPN
ftr-305	44	19	.	.	PROPN
ftr-305	44	20	real	real	ADJ
ftr-305	44	21	property	property	NOUN
ftr-305	44	22	holding	hold	VERB
ftr-305	44	23	corporations	corporation	NOUN
ftr-305	44	24	.	.	PUNCT
ftr-305	44	25	.	.	PUNCT
ftr-305	44	26	.	.	PUNCT
ftr-305	44	27	.	.	PUNCT
ftr-305	44	28	”	"	PUNCT
ftr-305	44	29	)	)	PUNCT
ftr-305	44	30	.	.	PUNCT
ftr-305	45	1	4	4	X
ftr-305	45	2	.	.	X
ftr-305	45	3	repeal	repeal	NOUN
ftr-305	45	4	of	of	ADP
ftr-305	45	5	the	the	DET
ftr-305	45	6	foreign	foreign	ADJ
ftr-305	45	7	investment	investment	NOUN
ftr-305	45	8	in	in	ADP
ftr-305	45	9	real	real	ADJ
ftr-305	45	10	property	property	NOUN
ftr-305	45	11	tax	tax	NOUN
ftr-305	45	12	act	act	NOUN
ftr-305	45	13	:	:	PUNCT
ftr-305	45	14	hearing	hear	VERB
ftr-305	45	15	before	before	ADP
ftr-305	45	16	the	the	DET
ftr-305	45	17	subcomm	subcomm	NOUN
ftr-305	45	18	.	.	PUNCT
ftr-305	46	1	on	on	ADP
ftr-305	46	2	energy	energy	NOUN
ftr-305	46	3	and	and	CCONJ
ftr-305	46	4	agric	agric	NOUN
ftr-305	46	5	.	.	PUNCT
ftr-305	47	1	taxation	taxation	NOUN
ftr-305	47	2	of	of	ADP
ftr-305	47	3	the	the	DET
ftr-305	47	4	comm	comm	NOUN
ftr-305	47	5	.	.	PUNCT
ftr-305	48	1	on	on	ADP
ftr-305	48	2	fin	fin	PROPN
ftr-305	48	3	.	.	PUNCT
ftr-305	49	1	united	united	PROPN
ftr-305	49	2	states	states	PROPN
ftr-305	49	3	senate	senate	PROPN
ftr-305	49	4	,	,	PUNCT
ftr-305	49	5	98th	98th	ADJ
ftr-305	49	6	cong	cong	NOUN
ftr-305	49	7	.	.	PUNCT
ftr-305	50	1	22	22	NUM
ftr-305	50	2	(	(	PUNCT
ftr-305	50	3	1984	1984	NUM
ftr-305	50	4	)	)	PUNCT
ftr-305	50	5	(	(	PUNCT
ftr-305	50	6	statement	statement	NOUN
ftr-305	50	7	of	of	ADP
ftr-305	50	8	senator	senator	PROPN
ftr-305	50	9	wallop	wallop	PROPN
ftr-305	50	10	)	)	PUNCT
ftr-305	50	11	(	(	PUNCT
ftr-305	50	12	“	"	PUNCT
ftr-305	50	13	.	.	PUNCT
ftr-305	50	14	.	.	PUNCT
ftr-305	50	15	.	.	PUNCT
ftr-305	51	1	i	i	PRON
ftr-305	51	2	.	.	PUNCT
ftr-305	51	3	.	.	PUNCT
ftr-305	51	4	.	.	PUNCT
ftr-305	52	1	feel	feel	VERB
ftr-305	52	2	reluctant	reluctant	ADJ
ftr-305	52	3	at	at	ADP
ftr-305	52	4	this	this	DET
ftr-305	52	5	point	point	NOUN
ftr-305	52	6	to	to	PART
ftr-305	52	7	advocate	advocate	VERB
ftr-305	52	8	repeal	repeal	NOUN
ftr-305	52	9	of	of	ADP
ftr-305	52	10	firpta	firpta	NOUN
ftr-305	52	11	as	as	SCONJ
ftr-305	52	12	it	it	PRON
ftr-305	52	13	effects	effect	VERB
ftr-305	52	14	farmlands	farmland	NOUN
ftr-305	52	15	,	,	PUNCT
ftr-305	52	16	but	but	CCONJ
ftr-305	52	17	with	with	ADP
ftr-305	52	18	respect	respect	NOUN
ftr-305	52	19	to	to	ADP
ftr-305	52	20	other	other	ADJ
ftr-305	52	21	investments	investment	NOUN
ftr-305	52	22	.	.	PUNCT
ftr-305	52	23	.	.	PUNCT
ftr-305	52	24	.	.	PUNCT
ftr-305	53	1	the	the	DET
ftr-305	53	2	case	case	NOUN
ftr-305	53	3	for	for	ADP
ftr-305	53	4	repeal	repeal	NOUN
ftr-305	53	5	may	may	AUX
ftr-305	53	6	be	be	AUX
ftr-305	53	7	more	more	ADV
ftr-305	53	8	apparent	apparent	ADJ
ftr-305	53	9	.	.	PUNCT
ftr-305	53	10	”	"	PUNCT
ftr-305	53	11	)	)	PUNCT
ftr-305	53	12	.	.	PUNCT
ftr-305	54	1	the	the	DET
ftr-305	54	2	result	result	NOUN
ftr-305	54	3	of	of	ADP
ftr-305	54	4	the	the	DET
ftr-305	54	5	hearing	hearing	NOUN
ftr-305	54	6	seems	seem	VERB
ftr-305	54	7	to	to	PART
ftr-305	54	8	have	have	AUX
ftr-305	54	9	been	be	AUX
ftr-305	54	10	the	the	DET
ftr-305	54	11	enactment	enactment	NOUN
ftr-305	54	12	of	of	ADP
ftr-305	54	13	the	the	DET
ftr-305	54	14	section	section	NOUN
ftr-305	54	15	1445	1445	NUM
ftr-305	54	16	withholding	withholding	NOUN
ftr-305	54	17	tax	tax	NOUN
ftr-305	54	18	.	.	PUNCT
ftr-305	55	1	5	5	X
ftr-305	55	2	.	.	X
ftr-305	55	3	staff	staff	NOUN
ftr-305	55	4	of	of	ADP
ftr-305	55	5	the	the	DET
ftr-305	55	6	joint	joint	ADJ
ftr-305	55	7	comm	comm	NOUN
ftr-305	55	8	.	.	PUNCT
ftr-305	56	1	on	on	ADP
ftr-305	56	2	taxation	taxation	NOUN
ftr-305	56	3	,	,	PUNCT
ftr-305	56	4	estimates	estimate	NOUN
ftr-305	56	5	of	of	ADP
ftr-305	56	6	federal	federal	ADJ
ftr-305	56	7	tax	tax	NOUN
ftr-305	56	8	expenditures	expenditure	NOUN
ftr-305	56	9	for	for	ADP
ftr-305	56	10	fiscal	fiscal	ADJ
ftr-305	56	11	years	year	NOUN
ftr-305	56	12	2008	2008	NUM
ftr-305	56	13	-	-	SYM
ftr-305	56	14	2012	2012	NUM
ftr-305	56	15	,	,	PUNCT
ftr-305	56	16	110th	110th	ADJ
ftr-305	56	17	cong	cong	NOUN
ftr-305	56	18	.	.	PUNCT
ftr-305	57	1	5	5	NUM
ftr-305	57	2	,	,	PUNCT
ftr-305	57	3	23	23	NUM
ftr-305	57	4	(	(	PUNCT
ftr-305	57	5	2008	2008	NUM
ftr-305	57	6	)	)	PUNCT
ftr-305	58	1	[	[	X
ftr-305	58	2	hereinafter	hereinafter	NOUN
ftr-305	58	3	2008	2008	NUM
ftr-305	58	4	-	-	SYM
ftr-305	58	5	2012	2012	NUM
ftr-305	58	6	estimates	estimate	VERB
ftr-305	58	7	]	]	PUNCT
ftr-305	58	8	.	.	PUNCT
ftr-305	59	1	this	this	PRON
ftr-305	59	2	was	be	AUX
ftr-305	59	3	“	"	PUNCT
ftr-305	59	4	scored	score	VERB
ftr-305	59	5	”	"	PUNCT
ftr-305	59	6	as	as	ADP
ftr-305	59	7	costing	cost	VERB
ftr-305	59	8	$	$	SYM
ftr-305	59	9	50	50	NUM
ftr-305	59	10	million	million	NUM
ftr-305	59	11	or	or	CCONJ
ftr-305	59	12	less	less	ADJ
ftr-305	59	13	a	a	DET
ftr-305	59	14	year	year	NOUN
ftr-305	59	15	.	.	PUNCT
ftr-305	60	1	see	see	VERB
ftr-305	60	2	i	i	PRON
ftr-305	60	3	d.	d.	PROPN
ftr-305	60	4	at	at	ADP
ftr-305	60	5	table	table	NOUN
ftr-305	60	6	3	3	NUM
ftr-305	60	7	.	.	PUNCT
ftr-305	61	1	the	the	DET
ftr-305	61	2	most	most	ADV
ftr-305	61	3	recent	recent	ADJ
ftr-305	61	4	estimate	estimate	NOUN
ftr-305	61	5	omitted	omit	VERB
ftr-305	61	6	firpta	firpta	NOUN
ftr-305	61	7	.	.	PUNCT
ftr-305	62	1	see	see	VERB
ftr-305	62	2	staff	staff	NOUN
ftr-305	62	3	of	of	ADP
ftr-305	62	4	the	the	DET
ftr-305	62	5	joint	joint	ADJ
ftr-305	62	6	comm	comm	NOUN
ftr-305	62	7	.	.	PUNCT
ftr-305	63	1	on	on	ADP
ftr-305	63	2	taxation	taxation	NOUN
ftr-305	63	3	,	,	PUNCT
ftr-305	63	4	estimates	estimate	NOUN
ftr-305	63	5	of	of	ADP
ftr-305	63	6	federal	federal	ADJ
ftr-305	63	7	tax	tax	NOUN
ftr-305	63	8	expenditures	expenditure	NOUN
ftr-305	63	9	for	for	ADP
ftr-305	63	10	fiscal	fiscal	ADJ
ftr-305	63	11	years	year	NOUN
ftr-305	63	12	2011	2011	NUM
ftr-305	63	13	-	-	SYM
ftr-305	63	14	2015	2015	NUM
ftr-305	63	15	,	,	PUNCT
ftr-305	63	16	112th	112th	PROPN
ftr-305	63	17	cong	cong	NOUN
ftr-305	63	18	.	.	PUNCT
ftr-305	64	1	(	(	PUNCT
ftr-305	64	2	2012	2012	NUM
ftr-305	64	3	)	)	PUNCT
ftr-305	64	4	.	.	PUNCT
ftr-305	65	1	see	see	VERB
ftr-305	65	2	also	also	ADV
ftr-305	65	3	congressional	congressional	ADJ
ftr-305	65	4	research	research	NOUN
ftr-305	65	5	service	service	NOUN
ftr-305	65	6	,	,	PUNCT
ftr-305	65	7	tax	tax	NOUN
ftr-305	65	8	expenditures	expenditure	NOUN
ftr-305	65	9	–	–	PUNCT
ftr-305	65	10	compendium	compendium	NOUN
ftr-305	65	11	of	of	ADP
ftr-305	65	12	background	background	NOUN
ftr-305	65	13	materials	material	NOUN
ftr-305	65	14	on	on	ADP
ftr-305	65	15	individual	individual	ADJ
ftr-305	65	16	provisions	provision	NOUN
ftr-305	65	17	,	,	PUNCT
ftr-305	65	18	comm	comm	NOUN
ftr-305	65	19	.	.	PUNCT
ftr-305	66	1	on	on	ADP
ftr-305	66	2	the	the	DET
ftr-305	66	3	budget	budget	NOUN
ftr-305	66	4	united	united	PROPN
ftr-305	66	5	states	states	PROPN
ftr-305	66	6	senate	senate	PROPN
ftr-305	66	7	,	,	PUNCT
ftr-305	66	8	111th	111th	ADJ
ftr-305	66	9	cong	cong	NOUN
ftr-305	66	10	.	.	PUNCT
ftr-305	67	1	75	75	NUM
ftr-305	67	2	(	(	PUNCT
ftr-305	67	3	2010	2010	NUM
ftr-305	67	4	)	)	PUNCT
ftr-305	67	5	.	.	PUNCT
ftr-305	68	1	6	6	X
ftr-305	68	2	.	.	X
ftr-305	68	3	in	in	ADP
ftr-305	68	4	announcement	announcement	NOUN
ftr-305	68	5	2008	2008	NUM
ftr-305	68	6	-	-	SYM
ftr-305	68	7	115	115	NUM
ftr-305	68	8	,	,	PUNCT
ftr-305	68	9	2008	2008	NUM
ftr-305	68	10	-	-	SYM
ftr-305	68	11	2	2	NUM
ftr-305	68	12	c.b	c.b	PROPN
ftr-305	68	13	.	.	PROPN
ftr-305	68	14	1228	1228	NUM
ftr-305	68	15	,	,	PUNCT
ftr-305	68	16	the	the	DET
ftr-305	68	17	irs	irs	PROPN
ftr-305	68	18	stated	state	VERB
ftr-305	68	19	its	its	PRON
ftr-305	68	20	intention	intention	NOUN
ftr-305	68	21	to	to	PART
ftr-305	68	22	issue	issue	VERB
ftr-305	68	23	regulations	regulation	NOUN
ftr-305	68	24	that	that	PRON
ftr-305	68	25	would	would	AUX
ftr-305	68	26	define	define	VERB
ftr-305	68	27	an	an	DET
ftr-305	68	28	interest	interest	NOUN
ftr-305	68	29	in	in	ADP
ftr-305	68	30	real	real	ADJ
ftr-305	68	31	property	property	NOUN
ftr-305	68	32	to	to	PART
ftr-305	68	33	include	include	VERB
ftr-305	68	34	4	4	NUM
ftr-305	68	35	florida	florida	PROPN
ftr-305	68	36	tax	tax	NOUN
ftr-305	68	37	review	review	NOUN
ftr-305	68	38	[	[	X
ftr-305	68	39	vol	vol	NOUN
ftr-305	68	40	.	.	PUNCT
ftr-305	69	1	14:1	14:1	NUM
ftr-305	69	2	has	have	AUX
ftr-305	69	3	been	be	AUX
ftr-305	69	4	amended	amend	VERB
ftr-305	69	5	over	over	ADP
ftr-305	69	6	the	the	DET
ftr-305	69	7	years	year	NOUN
ftr-305	69	8	,	,	PUNCT
ftr-305	69	9	none	none	NOUN
ftr-305	69	10	of	of	ADP
ftr-305	69	11	the	the	DET
ftr-305	69	12	changes	change	NOUN
ftr-305	69	13	have	have	AUX
ftr-305	69	14	altered	alter	VERB
ftr-305	69	15	its	its	PRON
ftr-305	69	16	basic	basic	ADJ
ftr-305	69	17	structure	structure	NOUN
ftr-305	69	18	or	or	CCONJ
ftr-305	69	19	its	its	PRON
ftr-305	69	20	premise	premise	NOUN
ftr-305	69	21	that	that	SCONJ
ftr-305	69	22	gain	gain	NOUN
ftr-305	69	23	from	from	ADP
ftr-305	69	24	the	the	DET
ftr-305	69	25	disposition	disposition	NOUN
ftr-305	69	26	by	by	ADP
ftr-305	69	27	a	a	DET
ftr-305	69	28	foreign	foreign	ADJ
ftr-305	69	29	person	person	NOUN
ftr-305	69	30	of	of	ADP
ftr-305	69	31	an	an	DET
ftr-305	69	32	investment	investment	NOUN
ftr-305	69	33	in	in	ADP
ftr-305	69	34	u.s	u.s	PROPN
ftr-305	69	35	.	.	PROPN
ftr-305	69	36	real	real	ADJ
ftr-305	69	37	property	property	NOUN
ftr-305	69	38	,	,	PUNCT
ftr-305	69	39	whether	whether	SCONJ
ftr-305	69	40	made	make	VERB
ftr-305	69	41	directly	directly	ADV
ftr-305	69	42	or	or	CCONJ
ftr-305	69	43	through	through	ADP
ftr-305	69	44	a	a	DET
ftr-305	69	45	partnership	partnership	NOUN
ftr-305	69	46	or	or	CCONJ
ftr-305	69	47	a	a	DET
ftr-305	69	48	u.s	u.s	PROPN
ftr-305	69	49	.	.	PROPN
ftr-305	69	50	corporation	corporation	NOUN
ftr-305	69	51	,	,	PUNCT
ftr-305	69	52	should	should	AUX
ftr-305	69	53	generally	generally	ADV
ftr-305	69	54	be	be	AUX
ftr-305	69	55	taxed	tax	VERB
ftr-305	69	56	as	as	ADP
ftr-305	69	57	gain	gain	NOUN
ftr-305	69	58	from	from	ADP
ftr-305	69	59	a	a	DET
ftr-305	69	60	u.s	u.s	PROPN
ftr-305	69	61	.	.	PROPN
ftr-305	69	62	trade	trade	NOUN
ftr-305	69	63	or	or	CCONJ
ftr-305	69	64	business	business	NOUN
ftr-305	69	65	.	.	PUNCT
ftr-305	70	1	are	be	AUX
ftr-305	70	2	the	the	DET
ftr-305	70	3	critics	critic	NOUN
ftr-305	70	4	of	of	ADP
ftr-305	70	5	firpta	firpta	NOUN
ftr-305	70	6	right	right	ADJ
ftr-305	70	7	?	?	PUNCT
ftr-305	71	1	would	would	AUX
ftr-305	71	2	repeal	repeal	VERB
ftr-305	71	3	make	make	VERB
ftr-305	71	4	sense	sense	NOUN
ftr-305	71	5	?	?	PUNCT
ftr-305	72	1	there	there	PRON
ftr-305	72	2	are	be	VERB
ftr-305	72	3	dissenters,7	dissenters,7	ADJ
ftr-305	72	4	but	but	CCONJ
ftr-305	72	5	repeal	repeal	NOUN
ftr-305	72	6	is	be	AUX
ftr-305	72	7	certainly	certainly	ADV
ftr-305	72	8	worth	worth	ADJ
ftr-305	72	9	considering	consider	VERB
ftr-305	72	10	,	,	PUNCT
ftr-305	72	11	and	and	CCONJ
ftr-305	72	12	the	the	DET
ftr-305	72	13	revenue	revenue	NOUN
ftr-305	72	14	loss	loss	NOUN
ftr-305	72	15	would	would	AUX
ftr-305	72	16	seem	seem	VERB
ftr-305	72	17	to	to	PART
ftr-305	72	18	be	be	AUX
ftr-305	72	19	small.8	small.8	ADJ
ftr-305	72	20	firpta	firpta	NOUN
ftr-305	72	21	was	be	AUX
ftr-305	72	22	enacted	enact	VERB
ftr-305	72	23	in	in	ADP
ftr-305	72	24	1980	1980	NUM
ftr-305	72	25	,	,	PUNCT
ftr-305	72	26	more	more	ADJ
ftr-305	72	27	than	than	ADP
ftr-305	72	28	thirty	thirty	NUM
ftr-305	72	29	years	year	NOUN
ftr-305	72	30	ago	ago	ADV
ftr-305	72	31	,	,	PUNCT
ftr-305	72	32	by	by	ADP
ftr-305	72	33	amendment	amendment	NOUN
ftr-305	72	34	to	to	ADP
ftr-305	72	35	an	an	DET
ftr-305	72	36	internal	internal	ADJ
ftr-305	72	37	revenue	revenue	NOUN
ftr-305	72	38	code	code	NOUN
ftr-305	72	39	which	which	PRON
ftr-305	72	40	in	in	ADP
ftr-305	72	41	important	important	ADJ
ftr-305	72	42	respects	respect	NOUN
ftr-305	72	43	was	be	AUX
ftr-305	72	44	different	different	ADJ
ftr-305	72	45	from	from	ADP
ftr-305	72	46	what	what	PRON
ftr-305	72	47	we	we	PRON
ftr-305	72	48	have	have	AUX
ftr-305	72	49	today	today	NOUN
ftr-305	72	50	or	or	CCONJ
ftr-305	72	51	had	have	VERB
ftr-305	72	52	even	even	ADV
ftr-305	72	53	ten	ten	NUM
ftr-305	72	54	years	year	NOUN
ftr-305	72	55	after	after	ADP
ftr-305	72	56	the	the	DET
ftr-305	72	57	enactment	enactment	NOUN
ftr-305	72	58	of	of	ADP
ftr-305	72	59	firpta	firpta	NOUN
ftr-305	72	60	and	and	CCONJ
ftr-305	72	61	on	on	ADP
ftr-305	72	62	the	the	DET
ftr-305	72	63	basis	basis	NOUN
ftr-305	72	64	of	of	ADP
ftr-305	72	65	arguments	argument	NOUN
ftr-305	72	66	,	,	PUNCT
ftr-305	72	67	such	such	ADJ
ftr-305	72	68	as	as	ADP
ftr-305	72	69	“	"	PUNCT
ftr-305	72	70	horizontal	horizontal	ADJ
ftr-305	72	71	equity	equity	NOUN
ftr-305	72	72	”	"	PUNCT
ftr-305	72	73	between	between	ADP
ftr-305	72	74	u.s	u.s	PROPN
ftr-305	72	75	.	.	PROPN
ftr-305	72	76	and	and	CCONJ
ftr-305	72	77	foreign	foreign	ADJ
ftr-305	72	78	investors	investor	NOUN
ftr-305	72	79	,	,	PUNCT
ftr-305	72	80	that	that	PRON
ftr-305	72	81	are	be	AUX
ftr-305	72	82	difficult	difficult	ADJ
ftr-305	72	83	to	to	PART
ftr-305	72	84	accept	accept	VERB
ftr-305	72	85	.	.	PUNCT
ftr-305	73	1	but	but	CCONJ
ftr-305	73	2	if	if	SCONJ
ftr-305	73	3	firpta	firpta	NOUN
ftr-305	73	4	is	be	AUX
ftr-305	73	5	repealed	repeal	VERB
ftr-305	73	6	,	,	PUNCT
ftr-305	73	7	whether	whether	SCONJ
ftr-305	73	8	in	in	ADP
ftr-305	73	9	its	its	PRON
ftr-305	73	10	entirety	entirety	NOUN
ftr-305	73	11	or	or	CCONJ
ftr-305	73	12	in	in	ADP
ftr-305	73	13	part	part	NOUN
ftr-305	73	14	,	,	PUNCT
ftr-305	73	15	are	be	AUX
ftr-305	73	16	there	there	PRON
ftr-305	73	17	issues	issue	NOUN
ftr-305	73	18	in	in	ADP
ftr-305	73	19	the	the	DET
ftr-305	73	20	taxation	taxation	NOUN
ftr-305	73	21	of	of	ADP
ftr-305	73	22	foreign	foreign	ADJ
ftr-305	73	23	investment	investment	NOUN
ftr-305	73	24	in	in	ADP
ftr-305	73	25	u.s	u.s	PROPN
ftr-305	73	26	.	.	PROPN
ftr-305	73	27	real	real	ADJ
ftr-305	73	28	property	property	NOUN
ftr-305	73	29	that	that	PRON
ftr-305	73	30	should	should	AUX
ftr-305	73	31	be	be	AUX
ftr-305	73	32	addressed	address	VERB
ftr-305	73	33	?	?	PUNCT
ftr-305	74	1	certainly	certainly	ADV
ftr-305	74	2	one	one	NUM
ftr-305	74	3	issue	issue	NOUN
ftr-305	74	4	is	be	AUX
ftr-305	74	5	the	the	DET
ftr-305	74	6	significant	significant	ADJ
ftr-305	74	7	difference	difference	NOUN
ftr-305	74	8	between	between	ADP
ftr-305	74	9	the	the	DET
ftr-305	74	10	rules	rule	NOUN
ftr-305	74	11	that	that	PRON
ftr-305	74	12	now	now	ADV
ftr-305	74	13	,	,	PUNCT
ftr-305	74	14	and	and	CCONJ
ftr-305	74	15	would	would	AUX
ftr-305	74	16	then	then	ADV
ftr-305	74	17	,	,	PUNCT
ftr-305	74	18	apply	apply	VERB
ftr-305	74	19	to	to	ADP
ftr-305	74	20	an	an	DET
ftr-305	74	21	investment	investment	NOUN
ftr-305	74	22	made	make	VERB
ftr-305	74	23	directly	directly	ADV
ftr-305	74	24	or	or	CCONJ
ftr-305	74	25	through	through	ADP
ftr-305	74	26	a	a	DET
ftr-305	74	27	partnership	partnership	NOUN
ftr-305	74	28	and	and	CCONJ
ftr-305	74	29	one	one	NUM
ftr-305	74	30	made	make	VERB
ftr-305	74	31	through	through	ADP
ftr-305	74	32	a	a	DET
ftr-305	74	33	real	real	ADJ
ftr-305	74	34	estate	estate	NOUN
ftr-305	74	35	investment	investment	NOUN
ftr-305	74	36	trust	trust	NOUN
ftr-305	74	37	(	(	PUNCT
ftr-305	74	38	“	"	PUNCT
ftr-305	74	39	reit	reit	NOUN
ftr-305	74	40	”	"	PUNCT
ftr-305	74	41	)	)	PUNCT
ftr-305	74	42	or	or	CCONJ
ftr-305	74	43	a	a	DET
ftr-305	74	44	regulated	regulated	ADJ
ftr-305	74	45	investment	investment	NOUN
ftr-305	74	46	company	company	NOUN
ftr-305	74	47	(	(	PUNCT
ftr-305	74	48	“	"	PUNCT
ftr-305	74	49	ric	ric	PROPN
ftr-305	74	50	”	"	PUNCT
ftr-305	74	51	)	)	PUNCT
ftr-305	74	52	that	that	SCONJ
ftr-305	74	53	invests	invest	VERB
ftr-305	74	54	in	in	ADP
ftr-305	74	55	shares	share	NOUN
ftr-305	74	56	of	of	ADP
ftr-305	74	57	reits	reit	NOUN
ftr-305	74	58	.	.	PUNCT
ftr-305	75	1	why	why	SCONJ
ftr-305	75	2	should	should	AUX
ftr-305	75	3	the	the	DET
ftr-305	75	4	tax	tax	NOUN
ftr-305	75	5	treatment	treatment	NOUN
ftr-305	75	6	of	of	ADP
ftr-305	75	7	foreign	foreign	ADJ
ftr-305	75	8	investment	investment	NOUN
ftr-305	75	9	turn	turn	NOUN
ftr-305	75	10	on	on	ADP
ftr-305	75	11	the	the	DET
ftr-305	75	12	entity	entity	NOUN
ftr-305	75	13	that	that	PRON
ftr-305	75	14	makes	make	VERB
ftr-305	75	15	the	the	DET
ftr-305	75	16	investment	investment	NOUN
ftr-305	75	17	or	or	CCONJ
ftr-305	75	18	,	,	PUNCT
ftr-305	75	19	put	put	VERB
ftr-305	75	20	differently	differently	ADV
ftr-305	75	21	,	,	PUNCT
ftr-305	75	22	should	should	AUX
ftr-305	75	23	there	there	PRON
ftr-305	75	24	be	be	AUX
ftr-305	75	25	a	a	DET
ftr-305	75	26	single	single	ADJ
ftr-305	75	27	system	system	NOUN
ftr-305	75	28	that	that	PRON
ftr-305	75	29	does	do	AUX
ftr-305	75	30	not	not	PART
ftr-305	75	31	distinguish	distinguish	VERB
ftr-305	75	32	between	between	ADP
ftr-305	75	33	direct	direct	ADJ
ftr-305	75	34	investment	investment	NOUN
ftr-305	75	35	and	and	CCONJ
ftr-305	75	36	investment	investment	NOUN
ftr-305	75	37	made	make	VERB
ftr-305	75	38	through	through	ADP
ftr-305	75	39	any	any	DET
ftr-305	75	40	“	"	PUNCT
ftr-305	75	41	pass	pass	VERB
ftr-305	75	42	-	-	PUNCT
ftr-305	75	43	through	through	NOUN
ftr-305	75	44	”	"	PUNCT
ftr-305	75	45	entity	entity	NOUN
ftr-305	75	46	?	?	PUNCT
ftr-305	76	1	other	other	ADJ
ftr-305	76	2	issues	issue	NOUN
ftr-305	76	3	raised	raise	VERB
ftr-305	76	4	by	by	ADP
ftr-305	76	5	a	a	DET
ftr-305	76	6	repeal	repeal	NOUN
ftr-305	76	7	of	of	ADP
ftr-305	76	8	firpta	firpta	NOUN
ftr-305	76	9	would	would	AUX
ftr-305	76	10	be	be	AUX
ftr-305	76	11	the	the	DET
ftr-305	76	12	definition	definition	NOUN
ftr-305	76	13	of	of	ADP
ftr-305	76	14	real	real	ADJ
ftr-305	76	15	property	property	NOUN
ftr-305	76	16	,	,	PUNCT
ftr-305	76	17	whether	whether	SCONJ
ftr-305	76	18	there	there	PRON
ftr-305	76	19	should	should	AUX
ftr-305	76	20	be	be	AUX
ftr-305	76	21	a	a	DET
ftr-305	76	22	distinction	distinction	NOUN
ftr-305	76	23	between	between	ADP
ftr-305	76	24	an	an	DET
ftr-305	76	25	investment	investment	NOUN
ftr-305	76	26	that	that	PRON
ftr-305	76	27	is	be	AUX
ftr-305	76	28	part	part	NOUN
ftr-305	76	29	of	of	ADP
ftr-305	76	30	a	a	DET
ftr-305	76	31	u.s	u.s	PROPN
ftr-305	76	32	.	.	PROPN
ftr-305	76	33	trade	trade	NOUN
ftr-305	76	34	or	or	CCONJ
ftr-305	76	35	business	business	NOUN
ftr-305	76	36	and	and	CCONJ
ftr-305	76	37	one	one	NUM
ftr-305	76	38	that	that	PRON
ftr-305	76	39	is	be	AUX
ftr-305	76	40	not	not	PART
ftr-305	76	41	,	,	PUNCT
ftr-305	76	42	and	and	CCONJ
ftr-305	76	43	the	the	DET
ftr-305	76	44	apparent	apparent	ADJ
ftr-305	76	45	international	international	ADJ
ftr-305	76	46	consensus	consensus	NOUN
ftr-305	76	47	that	that	PRON
ftr-305	76	48	income	income	NOUN
ftr-305	76	49	and	and	CCONJ
ftr-305	76	50	gain	gain	VERB
ftr-305	76	51	government	government	NOUN
ftr-305	76	52	granted	grant	VERB
ftr-305	76	53	permits	permit	NOUN
ftr-305	76	54	and	and	CCONJ
ftr-305	76	55	similar	similar	ADJ
ftr-305	76	56	rights	right	NOUN
ftr-305	76	57	with	with	ADP
ftr-305	76	58	respect	respect	NOUN
ftr-305	76	59	to	to	ADP
ftr-305	76	60	infrastructures	infrastructure	NOUN
ftr-305	76	61	,	,	PUNCT
ftr-305	76	62	such	such	ADJ
ftr-305	76	63	as	as	ADP
ftr-305	76	64	toll	toll	NOUN
ftr-305	76	65	roads	road	NOUN
ftr-305	76	66	.	.	PUNCT
ftr-305	77	1	this	this	PRON
ftr-305	77	2	would	would	AUX
ftr-305	77	3	be	be	AUX
ftr-305	77	4	consistent	consistent	ADJ
ftr-305	77	5	with	with	ADP
ftr-305	77	6	the	the	DET
ftr-305	77	7	position	position	NOUN
ftr-305	77	8	the	the	DET
ftr-305	77	9	irs	irs	PROPN
ftr-305	77	10	has	have	AUX
ftr-305	77	11	taken	take	VERB
ftr-305	77	12	with	with	ADP
ftr-305	77	13	respect	respect	NOUN
ftr-305	77	14	to	to	ADP
ftr-305	77	15	government	government	NOUN
ftr-305	77	16	permits	permit	NOUN
ftr-305	77	17	for	for	ADP
ftr-305	77	18	purposes	purpose	NOUN
ftr-305	77	19	of	of	ADP
ftr-305	77	20	section	section	NOUN
ftr-305	77	21	856	856	NUM
ftr-305	77	22	(	(	PUNCT
ftr-305	77	23	see	see	VERB
ftr-305	77	24	,	,	PUNCT
ftr-305	77	25	e.g.	e.g.	ADV
ftr-305	77	26	,	,	PUNCT
ftr-305	77	27	plr	plr	NOUN
ftr-305	77	28	9843020	9843020	NUM
ftr-305	77	29	(	(	PUNCT
ftr-305	77	30	oct	oct	PROPN
ftr-305	77	31	.	.	PROPN
ftr-305	77	32	23	23	NUM
ftr-305	77	33	,	,	PUNCT
ftr-305	77	34	1998	1998	NUM
ftr-305	77	35	)	)	PUNCT
ftr-305	77	36	)	)	PUNCT
ftr-305	77	37	,	,	PUNCT
ftr-305	77	38	and	and	CCONJ
ftr-305	77	39	the	the	DET
ftr-305	77	40	definitions	definition	NOUN
ftr-305	77	41	of	of	ADP
ftr-305	77	42	real	real	ADJ
ftr-305	77	43	property	property	NOUN
ftr-305	77	44	for	for	ADP
ftr-305	77	45	purposes	purpose	NOUN
ftr-305	77	46	of	of	ADP
ftr-305	77	47	sections	section	NOUN
ftr-305	77	48	897	897	NUM
ftr-305	77	49	and	and	CCONJ
ftr-305	77	50	856	856	NUM
ftr-305	77	51	are	be	AUX
ftr-305	77	52	for	for	ADP
ftr-305	77	53	this	this	DET
ftr-305	77	54	purpose	purpose	NOUN
ftr-305	77	55	the	the	DET
ftr-305	77	56	same	same	ADJ
ftr-305	77	57	.	.	PUNCT
ftr-305	78	1	there	there	PRON
ftr-305	78	2	are	be	VERB
ftr-305	78	3	,	,	PUNCT
ftr-305	78	4	however	however	ADV
ftr-305	78	5	,	,	PUNCT
ftr-305	78	6	dissenters	dissenter	NOUN
ftr-305	78	7	who	who	PRON
ftr-305	78	8	argue	argue	VERB
ftr-305	78	9	that	that	SCONJ
ftr-305	78	10	such	such	DET
ftr-305	78	11	an	an	DET
ftr-305	78	12	investment	investment	NOUN
ftr-305	78	13	should	should	AUX
ftr-305	78	14	be	be	AUX
ftr-305	78	15	bifurcated	bifurcate	VERB
ftr-305	78	16	between	between	ADP
ftr-305	78	17	an	an	DET
ftr-305	78	18	intangible	intangible	ADJ
ftr-305	78	19	and	and	CCONJ
ftr-305	78	20	real	real	ADJ
ftr-305	78	21	property	property	NOUN
ftr-305	78	22	.	.	PUNCT
ftr-305	79	1	see	see	VERB
ftr-305	79	2	,	,	PUNCT
ftr-305	79	3	e.g.	e.g.	ADV
ftr-305	79	4	,	,	PUNCT
ftr-305	79	5	kimberly	kimberly	PROPN
ftr-305	79	6	s.	s.	PROPN
ftr-305	79	7	blanchard	blanchard	PROPN
ftr-305	79	8	,	,	PUNCT
ftr-305	79	9	infrastructure	infrastructure	NOUN
ftr-305	79	10	and	and	CCONJ
ftr-305	79	11	firpta	firpta	NOUN
ftr-305	79	12	:	:	PUNCT
ftr-305	79	13	advance	advance	NOUN
ftr-305	79	14	notice	notice	NOUN
ftr-305	79	15	of	of	ADP
ftr-305	79	16	proposed	propose	VERB
ftr-305	79	17	rulemaking	rulemaking	NOUN
ftr-305	79	18	,	,	PUNCT
ftr-305	79	19	38	38	NUM
ftr-305	79	20	tax	tax	NOUN
ftr-305	79	21	mgm’t	mgm’t	PROPN
ftr-305	79	22	int’l	int’l	NUM
ftr-305	79	23	j.	j.	PROPN
ftr-305	79	24	166	166	NUM
ftr-305	79	25	(	(	PUNCT
ftr-305	79	26	2009	2009	NUM
ftr-305	79	27	)	)	PUNCT
ftr-305	79	28	.	.	PUNCT
ftr-305	80	1	7	7	X
ftr-305	80	2	.	.	X
ftr-305	80	3	see	see	VERB
ftr-305	80	4	a.l.i	a.l.i	PROPN
ftr-305	80	5	.	.	PROPN
ftr-305	80	6	,	,	PUNCT
ftr-305	80	7	fed	fed	PROPN
ftr-305	80	8	.	.	PUNCT
ftr-305	81	1	income	income	NOUN
ftr-305	81	2	tax	tax	NOUN
ftr-305	81	3	project	project	NOUN
ftr-305	81	4	:	:	PUNCT
ftr-305	81	5	int’l	int’l	NUM
ftr-305	81	6	aspects	aspect	NOUN
ftr-305	81	7	of	of	ADP
ftr-305	81	8	united	united	PROPN
ftr-305	81	9	states	states	PROPN
ftr-305	81	10	income	income	NOUN
ftr-305	81	11	taxation	taxation	NOUN
ftr-305	81	12	:	:	PUNCT
ftr-305	81	13	proposals	proposal	NOUN
ftr-305	81	14	of	of	ADP
ftr-305	81	15	the	the	DET
ftr-305	81	16	american	american	ADJ
ftr-305	81	17	law	law	PROPN
ftr-305	81	18	inst	inst	PROPN
ftr-305	81	19	.	.	PUNCT
ftr-305	82	1	on	on	ADP
ftr-305	82	2	united	united	PROPN
ftr-305	82	3	states	states	PROPN
ftr-305	82	4	taxation	taxation	NOUN
ftr-305	82	5	of	of	ADP
ftr-305	82	6	foreign	foreign	ADJ
ftr-305	82	7	persons	person	NOUN
ftr-305	82	8	and	and	CCONJ
ftr-305	82	9	of	of	ADP
ftr-305	82	10	the	the	DET
ftr-305	82	11	foreign	foreign	ADJ
ftr-305	82	12	income	income	NOUN
ftr-305	82	13	of	of	ADP
ftr-305	82	14	united	united	PROPN
ftr-305	82	15	states	states	PROPN
ftr-305	82	16	persons	person	NOUN
ftr-305	82	17	38	38	NUM
ftr-305	82	18	(	(	PUNCT
ftr-305	82	19	1987	1987	NUM
ftr-305	82	20	)	)	PUNCT
ftr-305	82	21	(	(	PUNCT
ftr-305	82	22	that	that	SCONJ
ftr-305	82	23	the	the	DET
ftr-305	82	24	usrphc	usrphc	ADJ
ftr-305	82	25	and	and	CCONJ
ftr-305	82	26	other	other	ADJ
ftr-305	82	27	firpta	firpta	NOUN
ftr-305	82	28	rules	rule	NOUN
ftr-305	82	29	“	"	PUNCT
ftr-305	82	30	seem	seem	VERB
ftr-305	82	31	appropriate	appropriate	ADJ
ftr-305	82	32	.	.	PUNCT
ftr-305	83	1	while	while	SCONJ
ftr-305	83	2	the	the	DET
ftr-305	83	3	line	line	NOUN
ftr-305	83	4	between	between	ADP
ftr-305	83	5	real	real	ADJ
ftr-305	83	6	property	property	NOUN
ftr-305	83	7	interests	interest	NOUN
ftr-305	83	8	and	and	CCONJ
ftr-305	83	9	non	non	ADJ
ftr-305	83	10	-	-	ADJ
ftr-305	83	11	real	real	ADJ
ftr-305	83	12	property	property	NOUN
ftr-305	83	13	interests	interest	NOUN
ftr-305	83	14	may	may	AUX
ftr-305	83	15	be	be	AUX
ftr-305	83	16	somewhat	somewhat	ADV
ftr-305	83	17	arbitrary	arbitrary	ADJ
ftr-305	83	18	,	,	PUNCT
ftr-305	83	19	nothing	nothing	PRON
ftr-305	83	20	measurably	measurably	ADV
ftr-305	83	21	better	well	ADJ
ftr-305	83	22	than	than	ADP
ftr-305	83	23	current	current	ADJ
ftr-305	83	24	law	law	NOUN
ftr-305	83	25	suggests	suggest	VERB
ftr-305	83	26	itself	itself	PRON
ftr-305	83	27	.	.	PUNCT
ftr-305	83	28	.	.	PUNCT
ftr-305	83	29	.	.	PUNCT
ftr-305	83	30	.	.	PUNCT
ftr-305	84	1	accordingly	accordingly	ADV
ftr-305	84	2	,	,	PUNCT
ftr-305	84	3	this	this	DET
ftr-305	84	4	study	study	NOUN
ftr-305	84	5	recommends	recommend	VERB
ftr-305	84	6	the	the	DET
ftr-305	84	7	retention	retention	NOUN
ftr-305	84	8	of	of	ADP
ftr-305	84	9	the	the	DET
ftr-305	84	10	provisions	provision	NOUN
ftr-305	84	11	of	of	ADP
ftr-305	84	12	current	current	ADJ
ftr-305	84	13	law	law	NOUN
ftr-305	84	14	in	in	ADP
ftr-305	84	15	this	this	DET
ftr-305	84	16	area	area	NOUN
ftr-305	84	17	.	.	PUNCT
ftr-305	84	18	”	"	PUNCT
ftr-305	84	19	)	)	PUNCT
ftr-305	84	20	.	.	PUNCT
ftr-305	85	1	8	8	X
ftr-305	85	2	.	.	X
ftr-305	85	3	see	see	VERB
ftr-305	85	4	2008	2008	NUM
ftr-305	85	5	-	-	SYM
ftr-305	85	6	2012	2012	NUM
ftr-305	85	7	estimates	estimate	NOUN
ftr-305	85	8	,	,	PUNCT
ftr-305	85	9	supra	supra	PROPN
ftr-305	85	10	note	note	NOUN
ftr-305	85	11	5	5	NUM
ftr-305	85	12	,	,	PUNCT
ftr-305	85	13	at	at	ADP
ftr-305	85	14	table	table	NOUN
ftr-305	85	15	3	3	NUM
ftr-305	85	16	(	(	PUNCT
ftr-305	85	17	estimate	estimate	NOUN
ftr-305	85	18	of	of	ADP
ftr-305	85	19	the	the	DET
ftr-305	85	20	joint	joint	ADJ
ftr-305	85	21	committee	committee	NOUN
ftr-305	85	22	staff	staff	NOUN
ftr-305	85	23	of	of	ADP
ftr-305	85	24	less	less	ADJ
ftr-305	85	25	than	than	ADP
ftr-305	85	26	$	$	SYM
ftr-305	85	27	50	50	NUM
ftr-305	85	28	million	million	NUM
ftr-305	85	29	a	a	DET
ftr-305	85	30	year	year	NOUN
ftr-305	85	31	)	)	PUNCT
ftr-305	85	32	.	.	PUNCT
ftr-305	86	1	2013	2013	NUM
ftr-305	86	2	]	]	PUNCT
ftr-305	86	3	suppose	suppose	VERB
ftr-305	86	4	firpta	firpta	NOUN
ftr-305	86	5	was	be	AUX
ftr-305	86	6	repealed	repeal	VERB
ftr-305	86	7	5	5	NUM
ftr-305	86	8	from	from	ADP
ftr-305	86	9	real	real	ADJ
ftr-305	86	10	property	property	NOUN
ftr-305	86	11	should	should	AUX
ftr-305	86	12	always	always	ADV
ftr-305	86	13	be	be	AUX
ftr-305	86	14	fully	fully	ADV
ftr-305	86	15	taxed	tax	VERB
ftr-305	86	16	in	in	ADP
ftr-305	86	17	the	the	DET
ftr-305	86	18	country	country	NOUN
ftr-305	86	19	where	where	SCONJ
ftr-305	86	20	it	it	PRON
ftr-305	86	21	is	be	AUX
ftr-305	86	22	located	locate	VERB
ftr-305	86	23	.	.	PUNCT
ftr-305	87	1	repeal	repeal	NOUN
ftr-305	87	2	might	might	AUX
ftr-305	87	3	also	also	ADV
ftr-305	87	4	offer	offer	VERB
ftr-305	87	5	an	an	DET
ftr-305	87	6	opportunity	opportunity	NOUN
ftr-305	87	7	to	to	PART
ftr-305	87	8	evaluate	evaluate	VERB
ftr-305	87	9	the	the	DET
ftr-305	87	10	u.s	u.s	PROPN
ftr-305	87	11	.	.	PROPN
ftr-305	87	12	taxation	taxation	NOUN
ftr-305	87	13	of	of	ADP
ftr-305	87	14	inward	inward	ADJ
ftr-305	87	15	investment	investment	NOUN
ftr-305	87	16	more	more	ADV
ftr-305	87	17	generally	generally	ADV
ftr-305	87	18	.	.	PUNCT
ftr-305	88	1	part	part	NOUN
ftr-305	88	2	ii	ii	PROPN
ftr-305	88	3	of	of	ADP
ftr-305	88	4	this	this	DET
ftr-305	88	5	article	article	NOUN
ftr-305	88	6	summarizes	summarize	VERB
ftr-305	88	7	what	what	DET
ftr-305	88	8	firpta	firpta	NOUN
ftr-305	88	9	does	do	VERB
ftr-305	88	10	,	,	PUNCT
ftr-305	88	11	why	why	SCONJ
ftr-305	88	12	it	it	PRON
ftr-305	88	13	was	be	AUX
ftr-305	88	14	enacted	enact	VERB
ftr-305	88	15	,	,	PUNCT
ftr-305	88	16	how	how	SCONJ
ftr-305	88	17	it	it	PRON
ftr-305	88	18	changed	change	VERB
ftr-305	88	19	the	the	DET
ftr-305	88	20	law	law	NOUN
ftr-305	88	21	and	and	CCONJ
ftr-305	88	22	affected	affect	VERB
ftr-305	88	23	u.s	u.s	PROPN
ftr-305	88	24	.	.	PROPN
ftr-305	88	25	income	income	NOUN
ftr-305	88	26	tax	tax	NOUN
ftr-305	88	27	treaties	treaty	NOUN
ftr-305	88	28	,	,	PUNCT
ftr-305	88	29	and	and	CCONJ
ftr-305	88	30	how	how	SCONJ
ftr-305	88	31	it	it	PRON
ftr-305	88	32	applies	apply	VERB
ftr-305	88	33	to	to	ADP
ftr-305	88	34	direct	direct	ADJ
ftr-305	88	35	investments	investment	NOUN
ftr-305	88	36	and	and	CCONJ
ftr-305	88	37	investments	investment	NOUN
ftr-305	88	38	made	make	VERB
ftr-305	88	39	through	through	ADP
ftr-305	88	40	partnerships	partnership	NOUN
ftr-305	88	41	,	,	PUNCT
ftr-305	88	42	reits	reit	NOUN
ftr-305	88	43	and	and	CCONJ
ftr-305	88	44	other	other	ADJ
ftr-305	88	45	pass	pass	VERB
ftr-305	88	46	-	-	PUNCT
ftr-305	88	47	through	through	ADP
ftr-305	88	48	entities	entity	NOUN
ftr-305	88	49	.	.	PUNCT
ftr-305	89	1	part	part	NOUN
ftr-305	89	2	iii	iii	NUM
ftr-305	89	3	considers	consider	NOUN
ftr-305	89	4	,	,	PUNCT
ftr-305	89	5	first	first	ADV
ftr-305	89	6	,	,	PUNCT
ftr-305	89	7	the	the	DET
ftr-305	89	8	consequences	consequence	NOUN
ftr-305	89	9	of	of	ADP
ftr-305	89	10	repealing	repeal	VERB
ftr-305	89	11	the	the	DET
ftr-305	89	12	usrphc	usrphc	ADJ
ftr-305	89	13	provisions	provision	NOUN
ftr-305	89	14	of	of	ADP
ftr-305	89	15	firpta	firpta	NOUN
ftr-305	89	16	and	and	CCONJ
ftr-305	89	17	,	,	PUNCT
ftr-305	89	18	second	second	ADJ
ftr-305	89	19	,	,	PUNCT
ftr-305	89	20	the	the	DET
ftr-305	89	21	consequences	consequence	NOUN
ftr-305	89	22	of	of	ADP
ftr-305	89	23	repealing	repeal	VERB
ftr-305	89	24	the	the	DET
ftr-305	89	25	other	other	ADJ
ftr-305	89	26	firpta	firpta	NOUN
ftr-305	89	27	rules	rule	NOUN
ftr-305	89	28	.	.	PUNCT
ftr-305	90	1	part	part	NOUN
ftr-305	90	2	iv	iv	NUM
ftr-305	90	3	evaluates	evaluate	VERB
ftr-305	90	4	legislation	legislation	NOUN
ftr-305	90	5	that	that	PRON
ftr-305	90	6	has	have	AUX
ftr-305	90	7	recently	recently	ADV
ftr-305	90	8	been	be	AUX
ftr-305	90	9	introduced	introduce	VERB
ftr-305	90	10	that	that	PRON
ftr-305	90	11	would	would	AUX
ftr-305	90	12	change	change	VERB
ftr-305	90	13	,	,	PUNCT
ftr-305	90	14	but	but	CCONJ
ftr-305	90	15	not	not	PART
ftr-305	90	16	repeal	repeal	NOUN
ftr-305	90	17	,	,	PUNCT
ftr-305	90	18	the	the	DET
ftr-305	90	19	firpta	firpta	NOUN
ftr-305	90	20	rules	rule	NOUN
ftr-305	90	21	,	,	PUNCT
ftr-305	90	22	such	such	ADJ
ftr-305	90	23	as	as	ADP
ftr-305	90	24	the	the	DET
ftr-305	90	25	real	real	ADJ
ftr-305	90	26	estate	estate	NOUN
ftr-305	90	27	jobs	job	NOUN
ftr-305	90	28	and	and	CCONJ
ftr-305	90	29	investment	investment	NOUN
ftr-305	90	30	act	act	NOUN
ftr-305	90	31	of	of	ADP
ftr-305	90	32	2011	2011	NUM
ftr-305	90	33	.	.	PUNCT
ftr-305	91	1	ii	ii	PROPN
ftr-305	91	2	.	.	PUNCT
ftr-305	92	1	summary	summary	NOUN
ftr-305	92	2	of	of	ADP
ftr-305	92	3	firpta	firpta	NOUN
ftr-305	92	4	what	what	PRON
ftr-305	92	5	does	do	AUX
ftr-305	92	6	firpta	firpta	NOUN
ftr-305	92	7	do	do	VERB
ftr-305	92	8	?	?	PUNCT
ftr-305	93	1	broadly	broadly	ADV
ftr-305	93	2	,	,	PUNCT
ftr-305	93	3	firpta	firpta	NOUN
ftr-305	93	4	treats	treat	NOUN
ftr-305	93	5	gain	gain	VERB
ftr-305	93	6	from	from	ADP
ftr-305	93	7	the	the	DET
ftr-305	93	8	disposition	disposition	NOUN
ftr-305	93	9	of	of	ADP
ftr-305	93	10	any	any	DET
ftr-305	93	11	interest	interest	NOUN
ftr-305	93	12	in	in	ADP
ftr-305	93	13	u.s	u.s	PROPN
ftr-305	93	14	.	.	PROPN
ftr-305	93	15	real	real	ADJ
ftr-305	93	16	property	property	NOUN
ftr-305	93	17	other	other	ADJ
ftr-305	93	18	than	than	ADP
ftr-305	93	19	an	an	DET
ftr-305	93	20	interest	interest	NOUN
ftr-305	93	21	solely	solely	ADV
ftr-305	93	22	as	as	ADP
ftr-305	93	23	a	a	DET
ftr-305	93	24	creditor	creditor	NOUN
ftr-305	93	25	(	(	PUNCT
ftr-305	93	26	hereafter	hereafter	ADV
ftr-305	93	27	,	,	PUNCT
ftr-305	93	28	an	an	DET
ftr-305	93	29	interest	interest	NOUN
ftr-305	93	30	in	in	ADP
ftr-305	93	31	“	"	PUNCT
ftr-305	93	32	usrp”)9	usrp”)9	ADJ
ftr-305	93	33	by	by	ADP
ftr-305	93	34	a	a	DET
ftr-305	93	35	foreign	foreign	ADJ
ftr-305	93	36	person	person	NOUN
ftr-305	93	37	,	,	PUNCT
ftr-305	93	38	whether	whether	SCONJ
ftr-305	93	39	acquired	acquire	VERB
ftr-305	93	40	for	for	ADP
ftr-305	93	41	personal	personal	ADJ
ftr-305	93	42	reasons	reason	NOUN
ftr-305	93	43	or	or	CCONJ
ftr-305	93	44	to	to	PART
ftr-305	93	45	produce	produce	VERB
ftr-305	93	46	income	income	NOUN
ftr-305	93	47	,	,	PUNCT
ftr-305	93	48	as	as	SCONJ
ftr-305	93	49	gain	gain	NOUN
ftr-305	93	50	that	that	PRON
ftr-305	93	51	is	be	AUX
ftr-305	93	52	“	"	PUNCT
ftr-305	93	53	effectively	effectively	ADV
ftr-305	93	54	connected	connect	VERB
ftr-305	93	55	”	"	PUNCT
ftr-305	93	56	with	with	ADP
ftr-305	93	57	the	the	DET
ftr-305	93	58	conduct	conduct	NOUN
ftr-305	93	59	of	of	ADP
ftr-305	93	60	a	a	DET
ftr-305	93	61	u.s	u.s	PROPN
ftr-305	93	62	.	.	PROPN
ftr-305	93	63	trade	trade	PROPN
ftr-305	93	64	or	or	CCONJ
ftr-305	93	65	business10	business10	NOUN
ftr-305	93	66	(	(	PUNCT
ftr-305	93	67	or	or	CCONJ
ftr-305	93	68	,	,	PUNCT
ftr-305	93	69	if	if	SCONJ
ftr-305	93	70	a	a	DET
ftr-305	93	71	tax	tax	NOUN
ftr-305	93	72	treaty	treaty	NOUN
ftr-305	93	73	applies	apply	VERB
ftr-305	93	74	,	,	PUNCT
ftr-305	93	75	is	be	AUX
ftr-305	93	76	attributable	attributable	ADJ
ftr-305	93	77	to	to	ADP
ftr-305	93	78	a	a	DET
ftr-305	93	79	u.s	u.s	PROPN
ftr-305	93	80	.	.	PROPN
ftr-305	93	81	permanent	permanent	ADJ
ftr-305	93	82	establishment	establishment	NOUN
ftr-305	93	83	)	)	PUNCT
ftr-305	93	84	,	,	PUNCT
ftr-305	93	85	and	and	CCONJ
ftr-305	93	86	thus	thus	ADV
ftr-305	93	87	as	as	ADV
ftr-305	93	88	taxable	taxable	ADJ
ftr-305	93	89	at	at	ADP
ftr-305	93	90	regular	regular	ADJ
ftr-305	93	91	rates	rate	NOUN
ftr-305	93	92	and	and	CCONJ
ftr-305	93	93	possibly	possibly	ADV
ftr-305	93	94	subject	subject	ADJ
ftr-305	93	95	to	to	ADP
ftr-305	93	96	branch	branch	NOUN
ftr-305	93	97	profits	profit	NOUN
ftr-305	93	98	tax	tax	NOUN
ftr-305	93	99	if	if	SCONJ
ftr-305	93	100	the	the	DET
ftr-305	93	101	investor	investor	NOUN
ftr-305	93	102	is	be	AUX
ftr-305	93	103	a	a	DET
ftr-305	93	104	foreign	foreign	ADJ
ftr-305	93	105	corporation	corporation	NOUN
ftr-305	93	106	and	and	CCONJ
ftr-305	93	107	the	the	DET
ftr-305	93	108	interest	interest	NOUN
ftr-305	93	109	in	in	ADP
ftr-305	93	110	usrp	usrp	NOUN
ftr-305	93	111	is	be	AUX
ftr-305	93	112	not	not	PART
ftr-305	93	113	an	an	DET
ftr-305	93	114	interest	interest	NOUN
ftr-305	93	115	in	in	ADP
ftr-305	93	116	a	a	DET
ftr-305	93	117	usrphc.11	usrphc.11	ADJ
ftr-305	93	118	firpta	firpta	NOUN
ftr-305	93	119	also	also	ADV
ftr-305	93	120	defines	define	VERB
ftr-305	93	121	an	an	DET
ftr-305	93	122	interest	interest	NOUN
ftr-305	93	123	in	in	ADP
ftr-305	93	124	usrp	usrp	NOUN
ftr-305	93	125	to	to	PART
ftr-305	93	126	include	include	VERB
ftr-305	93	127	shares	share	NOUN
ftr-305	93	128	of	of	ADP
ftr-305	93	129	and	and	CCONJ
ftr-305	93	130	other	other	ADJ
ftr-305	93	131	interests	interest	NOUN
ftr-305	93	132	in	in	ADP
ftr-305	93	133	a	a	DET
ftr-305	93	134	usrphc	usrphc	ADJ
ftr-305	93	135	or	or	CCONJ
ftr-305	93	136	a	a	DET
ftr-305	93	137	u.s	u.s	PROPN
ftr-305	93	138	.	.	PROPN
ftr-305	93	139	corporation	corporation	NOUN
ftr-305	93	140	that	that	PRON
ftr-305	93	141	was	be	AUX
ftr-305	93	142	9	9	NUM
ftr-305	93	143	.	.	PUNCT
ftr-305	93	144	real	real	ADJ
ftr-305	93	145	property	property	NOUN
ftr-305	93	146	for	for	ADP
ftr-305	93	147	this	this	DET
ftr-305	93	148	purpose	purpose	NOUN
ftr-305	93	149	includes	include	VERB
ftr-305	93	150	(	(	PUNCT
ftr-305	93	151	1	1	NUM
ftr-305	93	152	)	)	PUNCT
ftr-305	93	153	land	land	NOUN
ftr-305	93	154	and	and	CCONJ
ftr-305	93	155	unsevered	unsevered	ADJ
ftr-305	93	156	products	product	NOUN
ftr-305	93	157	of	of	ADP
ftr-305	93	158	the	the	DET
ftr-305	93	159	land	land	NOUN
ftr-305	93	160	,	,	PUNCT
ftr-305	93	161	(	(	PUNCT
ftr-305	93	162	2	2	X
ftr-305	93	163	)	)	PUNCT
ftr-305	93	164	improvements	improvement	NOUN
ftr-305	93	165	and	and	CCONJ
ftr-305	93	166	(	(	PUNCT
ftr-305	93	167	3	3	X
ftr-305	93	168	)	)	PUNCT
ftr-305	93	169	personal	personal	ADJ
ftr-305	93	170	property	property	NOUN
ftr-305	93	171	associated	associate	VERB
ftr-305	93	172	with	with	ADP
ftr-305	93	173	the	the	DET
ftr-305	93	174	use	use	NOUN
ftr-305	93	175	of	of	ADP
ftr-305	93	176	real	real	ADJ
ftr-305	93	177	property	property	NOUN
ftr-305	93	178	.	.	PUNCT
ftr-305	94	1	regs	regs	PROPN
ftr-305	94	2	.	.	PUNCT
ftr-305	95	1	§	§	PROPN
ftr-305	95	2	1.897	1.897	NUM
ftr-305	95	3	-	-	SYM
ftr-305	95	4	1(b)(1	1(b)(1	NUM
ftr-305	95	5	)	)	PUNCT
ftr-305	95	6	.	.	PUNCT
ftr-305	96	1	improvements	improvement	NOUN
ftr-305	96	2	,	,	PUNCT
ftr-305	96	3	such	such	ADJ
ftr-305	96	4	as	as	ADP
ftr-305	96	5	buildings	building	NOUN
ftr-305	96	6	and	and	CCONJ
ftr-305	96	7	inherently	inherently	ADV
ftr-305	96	8	permanent	permanent	ADJ
ftr-305	96	9	structures	structure	NOUN
ftr-305	96	10	,	,	PUNCT
ftr-305	96	11	are	be	AUX
ftr-305	96	12	defined	define	VERB
ftr-305	96	13	by	by	ADP
ftr-305	96	14	reference	reference	NOUN
ftr-305	96	15	to	to	ADP
ftr-305	96	16	the	the	DET
ftr-305	96	17	definition	definition	NOUN
ftr-305	96	18	of	of	ADP
ftr-305	96	19	a	a	DET
ftr-305	96	20	building	building	NOUN
ftr-305	96	21	or	or	CCONJ
ftr-305	96	22	other	other	ADJ
ftr-305	96	23	inherently	inherently	ADV
ftr-305	96	24	permanent	permanent	ADJ
ftr-305	96	25	structure	structure	NOUN
ftr-305	96	26	in	in	ADP
ftr-305	96	27	the	the	DET
ftr-305	96	28	now	now	ADV
ftr-305	96	29	-	-	PUNCT
ftr-305	96	30	repealed	repeal	VERB
ftr-305	96	31	investment	investment	NOUN
ftr-305	96	32	tax	tax	NOUN
ftr-305	96	33	credit	credit	NOUN
ftr-305	96	34	,	,	PUNCT
ftr-305	96	35	i.e.	i.e.	X
ftr-305	96	36	,	,	PUNCT
ftr-305	96	37	section	section	NOUN
ftr-305	96	38	48(a)(1)(b	48(a)(1)(b	NUM
ftr-305	96	39	)	)	PUNCT
ftr-305	96	40	,	,	PUNCT
ftr-305	96	41	but	but	CCONJ
ftr-305	96	42	the	the	DET
ftr-305	96	43	definition	definition	NOUN
ftr-305	96	44	for	for	ADP
ftr-305	96	45	purposes	purpose	NOUN
ftr-305	96	46	of	of	ADP
ftr-305	96	47	the	the	DET
ftr-305	96	48	reit	reit	NOUN
ftr-305	96	49	rules	rule	NOUN
ftr-305	96	50	in	in	ADP
ftr-305	96	51	section	section	NOUN
ftr-305	96	52	856	856	NUM
ftr-305	96	53	is	be	AUX
ftr-305	96	54	also	also	ADV
ftr-305	96	55	relevant	relevant	ADJ
ftr-305	96	56	since	since	SCONJ
ftr-305	96	57	the	the	DET
ftr-305	96	58	definition	definition	NOUN
ftr-305	96	59	of	of	ADP
ftr-305	96	60	real	real	ADJ
ftr-305	96	61	property	property	NOUN
ftr-305	96	62	in	in	ADP
ftr-305	96	63	section	section	NOUN
ftr-305	96	64	897(c)(6	897(c)(6	NUM
ftr-305	96	65	)	)	PUNCT
ftr-305	96	66	is	be	AUX
ftr-305	96	67	word	word	NOUN
ftr-305	96	68	-	-	PUNCT
ftr-305	96	69	forword	forword	NOUN
ftr-305	96	70	the	the	DET
ftr-305	96	71	same	same	ADJ
ftr-305	96	72	as	as	ADP
ftr-305	96	73	the	the	DET
ftr-305	96	74	definition	definition	NOUN
ftr-305	96	75	in	in	ADP
ftr-305	96	76	section	section	NOUN
ftr-305	96	77	856(c)(5)(c	856(c)(5)(c	PROPN
ftr-305	96	78	)	)	PUNCT
ftr-305	96	79	,	,	PUNCT
ftr-305	96	80	except	except	SCONJ
ftr-305	96	81	that	that	SCONJ
ftr-305	96	82	it	it	PRON
ftr-305	96	83	does	do	AUX
ftr-305	96	84	not	not	PART
ftr-305	96	85	exclude	exclude	VERB
ftr-305	96	86	mineral	mineral	NOUN
ftr-305	96	87	and	and	CCONJ
ftr-305	96	88	oil	oil	NOUN
ftr-305	96	89	or	or	CCONJ
ftr-305	96	90	gas	gas	NOUN
ftr-305	96	91	royalties	royalty	NOUN
ftr-305	96	92	but	but	CCONJ
ftr-305	96	93	does	do	AUX
ftr-305	96	94	exclude	exclude	VERB
ftr-305	96	95	foreign	foreign	ADJ
ftr-305	96	96	real	real	ADJ
ftr-305	96	97	property	property	NOUN
ftr-305	96	98	.	.	PUNCT
ftr-305	97	1	regs	regs	PROPN
ftr-305	97	2	.	.	PUNCT
ftr-305	98	1	§	§	PROPN
ftr-305	98	2	1.897	1.897	NUM
ftr-305	98	3	-	-	SYM
ftr-305	98	4	1(b)(3	1(b)(3	NUM
ftr-305	98	5	)	)	PUNCT
ftr-305	98	6	.	.	PUNCT
ftr-305	99	1	10	10	NUM
ftr-305	99	2	.	.	PUNCT
ftr-305	99	3	i.r.c	i.r.c	NOUN
ftr-305	99	4	.	.	PUNCT
ftr-305	100	1	§	§	PROPN
ftr-305	100	2	897(a)(1	897(a)(1	NUM
ftr-305	100	3	)	)	PUNCT
ftr-305	100	4	(	(	PUNCT
ftr-305	100	5	providing	provide	VERB
ftr-305	100	6	that	that	DET
ftr-305	100	7	gain	gain	NOUN
ftr-305	100	8	or	or	CCONJ
ftr-305	100	9	loss	loss	NOUN
ftr-305	100	10	of	of	ADP
ftr-305	100	11	a	a	DET
ftr-305	100	12	nonresident	nonresident	ADJ
ftr-305	100	13	alien	alien	ADJ
ftr-305	100	14	individual	individual	NOUN
ftr-305	100	15	or	or	CCONJ
ftr-305	100	16	a	a	DET
ftr-305	100	17	foreign	foreign	ADJ
ftr-305	100	18	corporation	corporation	NOUN
ftr-305	100	19	from	from	ADP
ftr-305	100	20	the	the	DET
ftr-305	100	21	disposition	disposition	NOUN
ftr-305	100	22	of	of	ADP
ftr-305	100	23	an	an	DET
ftr-305	100	24	interest	interest	NOUN
ftr-305	100	25	in	in	ADP
ftr-305	100	26	usrp	usrp	NOUN
ftr-305	100	27	“	"	PUNCT
ftr-305	100	28	shall	shall	AUX
ftr-305	100	29	be	be	AUX
ftr-305	100	30	taken	take	VERB
ftr-305	100	31	into	into	ADP
ftr-305	100	32	account	account	NOUN
ftr-305	100	33	.	.	PUNCT
ftr-305	100	34	.	.	PUNCT
ftr-305	101	1	.	.	PUNCT
ftr-305	102	1	as	as	SCONJ
ftr-305	102	2	if	if	SCONJ
ftr-305	102	3	the	the	DET
ftr-305	102	4	taxpayer	taxpayer	NOUN
ftr-305	102	5	were	be	AUX
ftr-305	102	6	engaged	engage	VERB
ftr-305	102	7	in	in	ADP
ftr-305	102	8	a	a	DET
ftr-305	102	9	trade	trade	NOUN
ftr-305	102	10	or	or	CCONJ
ftr-305	102	11	business	business	NOUN
ftr-305	102	12	within	within	ADP
ftr-305	102	13	the	the	DET
ftr-305	102	14	united	united	PROPN
ftr-305	102	15	states	states	PROPN
ftr-305	102	16	during	during	ADP
ftr-305	102	17	the	the	DET
ftr-305	102	18	taxable	taxable	ADJ
ftr-305	102	19	year	year	NOUN
ftr-305	102	20	and	and	CCONJ
ftr-305	102	21	as	as	SCONJ
ftr-305	102	22	if	if	SCONJ
ftr-305	102	23	such	such	ADJ
ftr-305	102	24	gain	gain	NOUN
ftr-305	102	25	or	or	CCONJ
ftr-305	102	26	loss	loss	NOUN
ftr-305	102	27	were	be	AUX
ftr-305	102	28	effectively	effectively	ADV
ftr-305	102	29	connected	connect	VERB
ftr-305	102	30	with	with	ADP
ftr-305	102	31	such	such	ADJ
ftr-305	102	32	trade	trade	NOUN
ftr-305	102	33	or	or	CCONJ
ftr-305	102	34	business	business	NOUN
ftr-305	102	35	.	.	PUNCT
ftr-305	102	36	”	"	PUNCT
ftr-305	103	1	)	)	PUNCT
ftr-305	103	2	11	11	NUM
ftr-305	103	3	.	.	PUNCT
ftr-305	104	1	earnings	earning	NOUN
ftr-305	104	2	from	from	ADP
ftr-305	104	3	the	the	DET
ftr-305	104	4	disposition	disposition	NOUN
ftr-305	104	5	of	of	ADP
ftr-305	104	6	an	an	DET
ftr-305	104	7	interest	interest	NOUN
ftr-305	104	8	in	in	ADP
ftr-305	104	9	usrp	usrp	NOUN
ftr-305	104	10	,	,	PUNCT
ftr-305	104	11	whether	whether	SCONJ
ftr-305	104	12	derived	derive	VERB
ftr-305	104	13	directly	directly	ADV
ftr-305	104	14	or	or	CCONJ
ftr-305	104	15	as	as	ADP
ftr-305	104	16	a	a	DET
ftr-305	104	17	partner	partner	NOUN
ftr-305	104	18	,	,	PUNCT
ftr-305	104	19	may	may	AUX
ftr-305	104	20	result	result	VERB
ftr-305	104	21	in	in	ADP
ftr-305	104	22	branch	branch	NOUN
ftr-305	104	23	profits	profit	NOUN
ftr-305	104	24	tax	tax	NOUN
ftr-305	104	25	for	for	ADP
ftr-305	104	26	a	a	DET
ftr-305	104	27	foreign	foreign	ADJ
ftr-305	104	28	corporation	corporation	NOUN
ftr-305	104	29	;	;	PUNCT
ftr-305	104	30	but	but	CCONJ
ftr-305	104	31	under	under	ADP
ftr-305	104	32	section	section	NOUN
ftr-305	104	33	884(d)(2)(c	884(d)(2)(c	NUM
ftr-305	104	34	)	)	PUNCT
ftr-305	104	35	gain	gain	NOUN
ftr-305	104	36	from	from	ADP
ftr-305	104	37	the	the	DET
ftr-305	104	38	sale	sale	NOUN
ftr-305	104	39	of	of	ADP
ftr-305	104	40	shares	share	NOUN
ftr-305	104	41	of	of	ADP
ftr-305	104	42	a	a	DET
ftr-305	104	43	usrphc	usrphc	NOUN
ftr-305	104	44	is	be	AUX
ftr-305	104	45	excluded	exclude	VERB
ftr-305	104	46	from	from	ADP
ftr-305	104	47	earnings	earning	NOUN
ftr-305	104	48	that	that	PRON
ftr-305	104	49	are	be	AUX
ftr-305	104	50	subject	subject	ADJ
ftr-305	104	51	to	to	ADP
ftr-305	104	52	branch	branch	NOUN
ftr-305	104	53	profits	profit	NOUN
ftr-305	104	54	tax	tax	NOUN
ftr-305	104	55	.	.	PUNCT
ftr-305	105	1	6	6	NUM
ftr-305	105	2	florida	florida	PROPN
ftr-305	105	3	tax	tax	NOUN
ftr-305	105	4	review	review	NOUN
ftr-305	106	1	[	[	X
ftr-305	106	2	vol	vol	NOUN
ftr-305	106	3	.	.	PUNCT
ftr-305	107	1	14:1	14:1	NUM
ftr-305	107	2	such	such	DET
ftr-305	107	3	a	a	DET
ftr-305	107	4	corporation	corporation	NOUN
ftr-305	107	5	in	in	ADP
ftr-305	107	6	the	the	DET
ftr-305	107	7	five	five	NUM
ftr-305	107	8	years	year	NOUN
ftr-305	107	9	preceding	precede	VERB
ftr-305	107	10	the	the	DET
ftr-305	107	11	disposition	disposition	NOUN
ftr-305	107	12	of	of	ADP
ftr-305	107	13	the	the	DET
ftr-305	107	14	interest.12	interest.12	NOUN
ftr-305	107	15	logically	logically	ADV
ftr-305	107	16	(	(	PUNCT
ftr-305	107	17	because	because	SCONJ
ftr-305	107	18	this	this	PRON
ftr-305	107	19	is	be	AUX
ftr-305	107	20	the	the	DET
ftr-305	107	21	rule	rule	NOUN
ftr-305	107	22	that	that	PRON
ftr-305	107	23	applies	apply	VERB
ftr-305	107	24	to	to	PART
ftr-305	107	25	gain	gain	VERB
ftr-305	107	26	recognized	recognize	VERB
ftr-305	107	27	by	by	ADP
ftr-305	107	28	a	a	DET
ftr-305	107	29	partnership	partnership	NOUN
ftr-305	107	30	)	)	PUNCT
ftr-305	107	31	,	,	PUNCT
ftr-305	107	32	it	it	PRON
ftr-305	107	33	also	also	ADV
ftr-305	107	34	provides	provide	VERB
ftr-305	107	35	(	(	PUNCT
ftr-305	107	36	with	with	ADP
ftr-305	107	37	exceptions	exception	NOUN
ftr-305	107	38	)	)	PUNCT
ftr-305	107	39	that	that	PRON
ftr-305	107	40	distributions	distribution	NOUN
ftr-305	107	41	by	by	ADP
ftr-305	107	42	a	a	DET
ftr-305	107	43	reit	reit	NOUN
ftr-305	107	44	or	or	CCONJ
ftr-305	107	45	a	a	DET
ftr-305	107	46	ric	ric	ADJ
ftr-305	107	47	which	which	PRON
ftr-305	107	48	,	,	PUNCT
ftr-305	107	49	because	because	SCONJ
ftr-305	107	50	invests	invest	NOUN
ftr-305	107	51	in	in	ADP
ftr-305	107	52	shares	share	NOUN
ftr-305	107	53	of	of	ADP
ftr-305	107	54	reits	reit	NOUN
ftr-305	107	55	,	,	PUNCT
ftr-305	107	56	is	be	AUX
ftr-305	107	57	a	a	DET
ftr-305	107	58	usrphc	usrphc	NOUN
ftr-305	107	59	to	to	ADP
ftr-305	107	60	a	a	DET
ftr-305	107	61	foreign	foreign	ADJ
ftr-305	107	62	shareholder	shareholder	NOUN
ftr-305	107	63	of	of	ADP
ftr-305	107	64	gain	gain	NOUN
ftr-305	107	65	from	from	ADP
ftr-305	107	66	the	the	DET
ftr-305	107	67	sale	sale	NOUN
ftr-305	107	68	of	of	ADP
ftr-305	107	69	an	an	DET
ftr-305	107	70	interest	interest	NOUN
ftr-305	107	71	in	in	ADP
ftr-305	107	72	usrp	usrp	NOUN
ftr-305	107	73	are	be	AUX
ftr-305	107	74	taxable	taxable	ADJ
ftr-305	107	75	as	as	SCONJ
ftr-305	107	76	though	though	SCONJ
ftr-305	107	77	the	the	DET
ftr-305	107	78	shareholder	shareholder	NOUN
ftr-305	107	79	had	have	AUX
ftr-305	107	80	sold	sell	VERB
ftr-305	107	81	the	the	DET
ftr-305	107	82	interest	interest	NOUN
ftr-305	107	83	and	and	CCONJ
ftr-305	107	84	recognized	recognize	VERB
ftr-305	107	85	the	the	DET
ftr-305	107	86	gain.13	gain.13	PROPN
ftr-305	107	87	firpta	firpta	NOUN
ftr-305	107	88	does	do	AUX
ftr-305	107	89	not	not	PART
ftr-305	107	90	affect	affect	VERB
ftr-305	107	91	sales	sale	NOUN
ftr-305	107	92	of	of	ADP
ftr-305	107	93	shares	share	NOUN
ftr-305	107	94	of	of	ADP
ftr-305	107	95	a	a	DET
ftr-305	107	96	foreign	foreign	ADJ
ftr-305	107	97	corporation	corporation	NOUN
ftr-305	107	98	,	,	PUNCT
ftr-305	107	99	regardless	regardless	ADV
ftr-305	107	100	of	of	ADP
ftr-305	107	101	the	the	DET
ftr-305	107	102	extent	extent	NOUN
ftr-305	107	103	to	to	PART
ftr-305	107	104	which	which	PRON
ftr-305	107	105	the	the	DET
ftr-305	107	106	corporation	corporation	NOUN
ftr-305	107	107	holds	hold	VERB
ftr-305	107	108	interests	interest	NOUN
ftr-305	107	109	in	in	ADP
ftr-305	107	110	usrp	usrp	NOUN
ftr-305	107	111	,	,	PUNCT
ftr-305	107	112	and	and	CCONJ
ftr-305	107	113	thus	thus	ADV
ftr-305	107	114	draws	draw	VERB
ftr-305	107	115	a	a	DET
ftr-305	107	116	sharp	sharp	ADJ
ftr-305	107	117	distinction	distinction	NOUN
ftr-305	107	118	between	between	ADP
ftr-305	107	119	investing	invest	VERB
ftr-305	107	120	through	through	ADP
ftr-305	107	121	a	a	DET
ftr-305	107	122	u.s	u.s	PROPN
ftr-305	107	123	.	.	PROPN
ftr-305	107	124	and	and	CCONJ
ftr-305	107	125	through	through	ADP
ftr-305	107	126	a	a	DET
ftr-305	107	127	foreign	foreign	ADJ
ftr-305	107	128	corporation.14	corporation.14	NOUN
ftr-305	107	129	with	with	ADP
ftr-305	107	130	exceptions	exception	NOUN
ftr-305	107	131	and	and	CCONJ
ftr-305	107	132	limitations	limitation	NOUN
ftr-305	107	133	,	,	PUNCT
ftr-305	107	134	however	however	ADV
ftr-305	107	135	,	,	PUNCT
ftr-305	107	136	firpta	firpta	NOUN
ftr-305	107	137	does	do	AUX
ftr-305	107	138	tax	tax	VERB
ftr-305	107	139	a	a	DET
ftr-305	107	140	foreign	foreign	ADJ
ftr-305	107	141	corporation	corporation	NOUN
ftr-305	107	142	on	on	ADP
ftr-305	107	143	a	a	DET
ftr-305	107	144	distribution	distribution	NOUN
ftr-305	107	145	to	to	ADP
ftr-305	107	146	a	a	DET
ftr-305	107	147	shareholder	shareholder	NOUN
ftr-305	107	148	of	of	ADP
ftr-305	107	149	interests	interest	NOUN
ftr-305	107	150	in	in	ADP
ftr-305	107	151	usrp	usrp	NOUN
ftr-305	107	152	,	,	PUNCT
ftr-305	107	153	including	include	VERB
ftr-305	107	154	of	of	ADP
ftr-305	107	155	shares	share	NOUN
ftr-305	107	156	of	of	ADP
ftr-305	107	157	a	a	DET
ftr-305	107	158	usrphc	usrphc	NOUN
ftr-305	107	159	,	,	PUNCT
ftr-305	107	160	in	in	ADP
ftr-305	107	161	an	an	DET
ftr-305	107	162	otherwise	otherwise	ADV
ftr-305	107	163	tax	tax	NOUN
ftr-305	107	164	-	-	PUNCT
ftr-305	107	165	free	free	ADJ
ftr-305	107	166	spin	spin	NOUN
ftr-305	107	167	-	-	PUNCT
ftr-305	107	168	off	off	NOUN
ftr-305	107	169	,	,	PUNCT
ftr-305	107	170	reorganization	reorganization	NOUN
ftr-305	107	171	or	or	CCONJ
ftr-305	107	172	liquidation.15	liquidation.15	NOUN
ftr-305	107	173	originally	originally	ADV
ftr-305	107	174	a	a	DET
ftr-305	107	175	self	self	NOUN
ftr-305	107	176	-	-	PUNCT
ftr-305	107	177	assessed	assess	VERB
ftr-305	107	178	tax	tax	NOUN
ftr-305	107	179	with	with	ADP
ftr-305	107	180	extensive	extensive	ADJ
ftr-305	107	181	reporting	reporting	NOUN
ftr-305	107	182	requirements,16	requirements,16	NOUN
ftr-305	107	183	firpta	firpta	NOUN
ftr-305	107	184	is	be	AUX
ftr-305	107	185	now	now	ADV
ftr-305	107	186	enforced	enforce	VERB
ftr-305	107	187	by	by	ADP
ftr-305	107	188	complex	complex	ADJ
ftr-305	107	189	withholding	withholding	NOUN
ftr-305	107	190	tax	tax	NOUN
ftr-305	107	191	rules	rule	NOUN
ftr-305	107	192	that	that	PRON
ftr-305	107	193	were	be	AUX
ftr-305	107	194	added	add	VERB
ftr-305	107	195	in	in	ADP
ftr-305	107	196	1984	1984	NUM
ftr-305	107	197	and	and	CCONJ
ftr-305	107	198	,	,	PUNCT
ftr-305	107	199	broadly	broadly	ADV
ftr-305	107	200	,	,	PUNCT
ftr-305	107	201	require	require	VERB
ftr-305	107	202	withholding	withholding	NOUN
ftr-305	107	203	by	by	ADP
ftr-305	107	204	the	the	DET
ftr-305	107	205	transferee	transferee	NOUN
ftr-305	107	206	from	from	ADP
ftr-305	107	207	the	the	DET
ftr-305	107	208	proceeds	proceed	NOUN
ftr-305	107	209	of	of	ADP
ftr-305	107	210	a	a	DET
ftr-305	107	211	sale	sale	NOUN
ftr-305	107	212	of	of	ADP
ftr-305	107	213	an	an	DET
ftr-305	107	214	interest	interest	NOUN
ftr-305	107	215	in	in	ADP
ftr-305	107	216	a	a	DET
ftr-305	107	217	usrphc	usrphc	ADJ
ftr-305	107	218	or	or	CCONJ
ftr-305	107	219	of	of	ADP
ftr-305	107	220	an	an	DET
ftr-305	107	221	interest	interest	NOUN
ftr-305	107	222	in	in	ADP
ftr-305	107	223	a	a	DET
ftr-305	107	224	partnership	partnership	NOUN
ftr-305	107	225	or	or	CCONJ
ftr-305	107	226	trust	trust	NOUN
ftr-305	107	227	holding	hold	VERB
ftr-305	107	228	interests	interest	NOUN
ftr-305	107	229	in	in	ADP
ftr-305	107	230	usrp	usrp	NOUN
ftr-305	107	231	unless	unless	SCONJ
ftr-305	107	232	they	they	PRON
ftr-305	107	233	are	be	AUX
ftr-305	107	234	publicly	publicly	ADV
ftr-305	107	235	-	-	PUNCT
ftr-305	107	236	traded	trade	VERB
ftr-305	107	237	or	or	CCONJ
ftr-305	107	238	otherwise	otherwise	ADV
ftr-305	107	239	exempt	exempt	ADJ
ftr-305	107	240	;	;	PUNCT
ftr-305	107	241	withholding	withhold	VERB
ftr-305	107	242	by	by	ADP
ftr-305	107	243	the	the	DET
ftr-305	107	244	corporation	corporation	NOUN
ftr-305	107	245	from	from	ADP
ftr-305	107	246	distributions	distribution	NOUN
ftr-305	107	247	to	to	ADP
ftr-305	107	248	shareholders	shareholder	NOUN
ftr-305	107	249	of	of	ADP
ftr-305	107	250	interests	interest	NOUN
ftr-305	107	251	in	in	ADP
ftr-305	107	252	usrp	usrp	NOUN
ftr-305	107	253	by	by	ADP
ftr-305	107	254	foreign	foreign	ADJ
ftr-305	107	255	or	or	CCONJ
ftr-305	107	256	in	in	ADP
ftr-305	107	257	certain	certain	ADJ
ftr-305	107	258	circumstances	circumstance	NOUN
ftr-305	107	259	domestic	domestic	ADJ
ftr-305	107	260	corporations	corporation	NOUN
ftr-305	107	261	;	;	PUNCT
ftr-305	107	262	and	and	CCONJ
ftr-305	107	263	withholding	withhold	VERB
ftr-305	107	264	by	by	ADP
ftr-305	107	265	a	a	DET
ftr-305	107	266	partnership	partnership	NOUN
ftr-305	107	267	,	,	PUNCT
ftr-305	107	268	a	a	DET
ftr-305	107	269	reit	reit	NOUN
ftr-305	107	270	or	or	CCONJ
ftr-305	107	271	a	a	DET
ftr-305	107	272	ric	ric	NOUN
ftr-305	107	273	that	that	PRON
ftr-305	107	274	is	be	AUX
ftr-305	107	275	a	a	DET
ftr-305	107	276	usrphc	usrphc	NOUN
ftr-305	107	277	because	because	SCONJ
ftr-305	107	278	it	it	PRON
ftr-305	107	279	invests	invest	VERB
ftr-305	107	280	in	in	ADP
ftr-305	107	281	shares	share	NOUN
ftr-305	107	282	of	of	ADP
ftr-305	107	283	reits	reit	NOUN
ftr-305	107	284	from	from	ADP
ftr-305	107	285	distributions	distribution	NOUN
ftr-305	107	286	of	of	ADP
ftr-305	107	287	gain	gain	NOUN
ftr-305	107	288	from	from	ADP
ftr-305	107	289	sales	sale	NOUN
ftr-305	107	290	of	of	ADP
ftr-305	107	291	interests	interest	NOUN
ftr-305	107	292	in	in	ADP
ftr-305	107	293	usrp	usrp	NOUN
ftr-305	107	294	by	by	ADP
ftr-305	107	295	the	the	DET
ftr-305	107	296	partnership	partnership	NOUN
ftr-305	107	297	,	,	PUNCT
ftr-305	107	298	reits	reit	NOUN
ftr-305	107	299	and	and	CCONJ
ftr-305	107	300	rics	ric	NOUN
ftr-305	107	301	.	.	PUNCT
ftr-305	108	1	under	under	ADP
ftr-305	108	2	the	the	DET
ftr-305	108	3	statute	statute	NOUN
ftr-305	108	4	,	,	PUNCT
ftr-305	108	5	the	the	DET
ftr-305	108	6	base	base	NOUN
ftr-305	108	7	for	for	ADP
ftr-305	108	8	withholding	withholding	NOUN
ftr-305	108	9	(	(	PUNCT
ftr-305	108	10	e.g.	e.g.	ADV
ftr-305	108	11	,	,	PUNCT
ftr-305	108	12	gain	gain	NOUN
ftr-305	108	13	realized	realize	VERB
ftr-305	108	14	,	,	PUNCT
ftr-305	108	15	amount	amount	NOUN
ftr-305	108	16	realized	realize	VERB
ftr-305	108	17	or	or	CCONJ
ftr-305	108	18	fair	fair	ADJ
ftr-305	108	19	market	market	NOUN
ftr-305	108	20	value	value	NOUN
ftr-305	108	21	)	)	PUNCT
ftr-305	108	22	and	and	CCONJ
ftr-305	108	23	the	the	DET
ftr-305	108	24	rate	rate	NOUN
ftr-305	108	25	of	of	ADP
ftr-305	108	26	withholding	withholding	NOUN
ftr-305	108	27	(	(	PUNCT
ftr-305	108	28	10	10	NUM
ftr-305	108	29	percent	percent	NOUN
ftr-305	108	30	to	to	ADP
ftr-305	108	31	35	35	NUM
ftr-305	108	32	12	12	NUM
ftr-305	108	33	.	.	PUNCT
ftr-305	109	1	i.r.c	i.r.c	NOUN
ftr-305	109	2	.	.	PUNCT
ftr-305	110	1	§	§	PROPN
ftr-305	110	2	897	897	NUM
ftr-305	110	3	(	(	PUNCT
ftr-305	110	4	c)(1)(a)(ii	c)(1)(a)(ii	PROPN
ftr-305	110	5	)	)	PUNCT
ftr-305	110	6	.	.	PUNCT
ftr-305	111	1	13	13	NUM
ftr-305	111	2	.	.	PUNCT
ftr-305	111	3	i.r.c	i.r.c	NOUN
ftr-305	111	4	.	.	PUNCT
ftr-305	112	1	§	§	PROPN
ftr-305	112	2	897(h)(1	897(h)(1	NUM
ftr-305	112	3	)	)	PUNCT
ftr-305	112	4	.	.	PUNCT
ftr-305	113	1	the	the	DET
ftr-305	113	2	interpretation	interpretation	NOUN
ftr-305	113	3	of	of	ADP
ftr-305	113	4	this	this	DET
ftr-305	113	5	rule	rule	NOUN
ftr-305	113	6	is	be	AUX
ftr-305	113	7	a	a	DET
ftr-305	113	8	source	source	NOUN
ftr-305	113	9	of	of	ADP
ftr-305	113	10	dispute	dispute	NOUN
ftr-305	113	11	.	.	PUNCT
ftr-305	114	1	see	see	VERB
ftr-305	114	2	infra	infra	NOUN
ftr-305	114	3	note	note	VERB
ftr-305	114	4	103	103	NUM
ftr-305	114	5	and	and	CCONJ
ftr-305	114	6	accompanying	accompany	VERB
ftr-305	114	7	text	text	NOUN
ftr-305	114	8	.	.	PUNCT
ftr-305	115	1	14	14	NUM
ftr-305	115	2	.	.	PUNCT
ftr-305	116	1	the	the	DET
ftr-305	116	2	absence	absence	NOUN
ftr-305	116	3	of	of	ADP
ftr-305	116	4	a	a	DET
ftr-305	116	5	step	step	NOUN
ftr-305	116	6	up	up	ADP
ftr-305	116	7	in	in	ADP
ftr-305	116	8	the	the	DET
ftr-305	116	9	basis	basis	NOUN
ftr-305	116	10	of	of	ADP
ftr-305	116	11	the	the	DET
ftr-305	116	12	underlying	underlie	VERB
ftr-305	116	13	asset	asset	NOUN
ftr-305	116	14	no	no	ADV
ftr-305	116	15	doubt	doubt	ADV
ftr-305	116	16	affects	affect	VERB
ftr-305	116	17	the	the	DET
ftr-305	116	18	pricing	pricing	NOUN
ftr-305	116	19	for	for	ADP
ftr-305	116	20	the	the	DET
ftr-305	116	21	shares	share	NOUN
ftr-305	116	22	of	of	ADP
ftr-305	116	23	a	a	DET
ftr-305	116	24	foreign	foreign	ADJ
ftr-305	116	25	corporation	corporation	NOUN
ftr-305	116	26	(	(	PUNCT
ftr-305	116	27	as	as	SCONJ
ftr-305	116	28	it	it	PRON
ftr-305	116	29	would	would	AUX
ftr-305	116	30	for	for	ADP
ftr-305	116	31	the	the	DET
ftr-305	116	32	shares	share	NOUN
ftr-305	116	33	of	of	ADP
ftr-305	116	34	a	a	DET
ftr-305	116	35	usrphc	usrphc	NOUN
ftr-305	116	36	that	that	PRON
ftr-305	116	37	were	be	AUX
ftr-305	116	38	acquired	acquire	VERB
ftr-305	116	39	in	in	ADP
ftr-305	116	40	a	a	DET
ftr-305	116	41	transaction	transaction	NOUN
ftr-305	116	42	in	in	ADP
ftr-305	116	43	which	which	PRON
ftr-305	116	44	there	there	PRON
ftr-305	116	45	was	be	VERB
ftr-305	116	46	no	no	DET
ftr-305	116	47	basis	basis	NOUN
ftr-305	116	48	step	step	NOUN
ftr-305	116	49	up	up	ADV
ftr-305	116	50	)	)	PUNCT
ftr-305	116	51	.	.	PUNCT
ftr-305	117	1	at	at	ADP
ftr-305	117	2	one	one	NUM
ftr-305	117	3	point	point	NOUN
ftr-305	117	4	,	,	PUNCT
ftr-305	117	5	the	the	DET
ftr-305	117	6	legislation	legislation	NOUN
ftr-305	117	7	that	that	PRON
ftr-305	117	8	ultimately	ultimately	ADV
ftr-305	117	9	became	become	VERB
ftr-305	117	10	firpta	firpta	NOUN
ftr-305	117	11	would	would	AUX
ftr-305	117	12	have	have	AUX
ftr-305	117	13	taxed	tax	VERB
ftr-305	117	14	shareholders	shareholder	NOUN
ftr-305	117	15	of	of	ADP
ftr-305	117	16	a	a	DET
ftr-305	117	17	foreign	foreign	ADJ
ftr-305	117	18	corporation	corporation	NOUN
ftr-305	117	19	that	that	PRON
ftr-305	117	20	invested	invest	VERB
ftr-305	117	21	in	in	ADP
ftr-305	117	22	usrp	usrp	NOUN
ftr-305	117	23	interests	interest	NOUN
ftr-305	117	24	.	.	PUNCT
ftr-305	118	1	15	15	X
ftr-305	118	2	.	.	PUNCT
ftr-305	118	3	i.r.c	i.r.c	NOUN
ftr-305	118	4	.	.	PUNCT
ftr-305	119	1	§	§	PROPN
ftr-305	119	2	897(d	897(d	PROPN
ftr-305	119	3	)	)	PUNCT
ftr-305	119	4	.	.	PUNCT
ftr-305	120	1	under	under	ADP
ftr-305	120	2	temporary	temporary	ADJ
ftr-305	120	3	regulations	regulation	NOUN
ftr-305	120	4	section	section	NOUN
ftr-305	120	5	1.897	1.897	NUM
ftr-305	120	6	-	-	NUM
ftr-305	120	7	5t(c	5t(c	NUM
ftr-305	120	8	)	)	PUNCT
ftr-305	120	9	,	,	PUNCT
ftr-305	120	10	recognition	recognition	NOUN
ftr-305	120	11	of	of	ADP
ftr-305	120	12	gain	gain	NOUN
ftr-305	120	13	is	be	AUX
ftr-305	120	14	generally	generally	ADV
ftr-305	120	15	required	require	VERB
ftr-305	120	16	unless	unless	SCONJ
ftr-305	120	17	the	the	DET
ftr-305	120	18	distribution	distribution	NOUN
ftr-305	120	19	is	be	AUX
ftr-305	120	20	to	to	ADP
ftr-305	120	21	a	a	DET
ftr-305	120	22	foreign	foreign	ADJ
ftr-305	120	23	parent	parent	NOUN
ftr-305	120	24	corporation	corporation	NOUN
ftr-305	120	25	in	in	ADP
ftr-305	120	26	an	an	DET
ftr-305	120	27	section	section	NOUN
ftr-305	120	28	332(a	332(a	NUM
ftr-305	120	29	)	)	PUNCT
ftr-305	120	30	liquidation	liquidation	NOUN
ftr-305	120	31	,	,	PUNCT
ftr-305	120	32	the	the	DET
ftr-305	120	33	foreign	foreign	ADJ
ftr-305	120	34	parent	parent	NOUN
ftr-305	120	35	acquires	acquire	VERB
ftr-305	120	36	the	the	DET
ftr-305	120	37	interest	interest	NOUN
ftr-305	120	38	in	in	ADP
ftr-305	120	39	usrp	usrp	NOUN
ftr-305	120	40	with	with	ADP
ftr-305	120	41	a	a	DET
ftr-305	120	42	carryover	carryover	NOUN
ftr-305	120	43	basis	basis	NOUN
ftr-305	120	44	and	and	CCONJ
ftr-305	120	45	certain	certain	ADJ
ftr-305	120	46	other	other	ADJ
ftr-305	120	47	requirement	requirement	NOUN
ftr-305	120	48	are	be	AUX
ftr-305	120	49	met	meet	VERB
ftr-305	120	50	;	;	PUNCT
ftr-305	120	51	and	and	CCONJ
ftr-305	120	52	,	,	PUNCT
ftr-305	120	53	in	in	ADP
ftr-305	120	54	the	the	DET
ftr-305	120	55	case	case	NOUN
ftr-305	120	56	of	of	ADP
ftr-305	120	57	an	an	DET
ftr-305	120	58	section	section	NOUN
ftr-305	120	59	355	355	NUM
ftr-305	120	60	distribution	distribution	NOUN
ftr-305	120	61	of	of	ADP
ftr-305	120	62	shares	share	NOUN
ftr-305	120	63	of	of	ADP
ftr-305	120	64	a	a	DET
ftr-305	120	65	usrphc	usrphc	NOUN
ftr-305	120	66	by	by	ADP
ftr-305	120	67	a	a	DET
ftr-305	120	68	foreign	foreign	ADJ
ftr-305	120	69	corporation	corporation	NOUN
ftr-305	120	70	,	,	PUNCT
ftr-305	120	71	the	the	DET
ftr-305	120	72	gain	gain	NOUN
ftr-305	120	73	that	that	PRON
ftr-305	120	74	is	be	AUX
ftr-305	120	75	recognized	recognize	VERB
ftr-305	120	76	is	be	AUX
ftr-305	120	77	limited	limit	VERB
ftr-305	120	78	to	to	ADP
ftr-305	120	79	the	the	DET
ftr-305	120	80	basis	basis	NOUN
ftr-305	120	81	step	step	NOUN
ftr-305	120	82	up	up	ADP
ftr-305	120	83	to	to	ADP
ftr-305	120	84	the	the	DET
ftr-305	120	85	distributees	distributee	NOUN
ftr-305	120	86	.	.	PUNCT
ftr-305	121	1	16	16	NUM
ftr-305	121	2	.	.	PUNCT
ftr-305	122	1	thus	thus	ADV
ftr-305	122	2	,	,	PUNCT
ftr-305	122	3	reporting	reporting	NOUN
ftr-305	122	4	was	be	AUX
ftr-305	122	5	required	require	VERB
ftr-305	122	6	by	by	ADP
ftr-305	122	7	non	non	ADJ
ftr-305	122	8	-	-	ADJ
ftr-305	122	9	publicly	publicly	ADV
ftr-305	122	10	traded	trade	VERB
ftr-305	122	11	usrphcs	usrphcs	NOUN
ftr-305	122	12	with	with	ADP
ftr-305	122	13	respect	respect	NOUN
ftr-305	122	14	to	to	ADP
ftr-305	122	15	foreign	foreign	ADJ
ftr-305	122	16	shareholders	shareholder	NOUN
ftr-305	122	17	and	and	CCONJ
ftr-305	122	18	by	by	ADP
ftr-305	122	19	foreign	foreign	ADJ
ftr-305	122	20	corporations	corporation	NOUN
ftr-305	122	21	,	,	PUNCT
ftr-305	122	22	partnerships	partnership	NOUN
ftr-305	122	23	,	,	PUNCT
ftr-305	122	24	trusts	trust	NOUN
ftr-305	122	25	and	and	CCONJ
ftr-305	122	26	estates	estate	NOUN
ftr-305	122	27	with	with	ADP
ftr-305	122	28	respect	respect	NOUN
ftr-305	122	29	to	to	ADP
ftr-305	122	30	substantial	substantial	ADJ
ftr-305	122	31	investments	investment	NOUN
ftr-305	122	32	in	in	ADP
ftr-305	122	33	usrp	usrp	NOUN
ftr-305	122	34	.	.	PUNCT
ftr-305	123	1	2013	2013	NUM
ftr-305	123	2	]	]	PUNCT
ftr-305	123	3	suppose	suppose	VERB
ftr-305	123	4	firpta	firpta	NOUN
ftr-305	123	5	was	be	AUX
ftr-305	123	6	repealed	repeal	VERB
ftr-305	123	7	7	7	NUM
ftr-305	123	8	percent	percent	NOUN
ftr-305	123	9	)	)	PUNCT
ftr-305	123	10	vary	vary	VERB
ftr-305	123	11	depending	depend	VERB
ftr-305	123	12	on	on	ADP
ftr-305	123	13	the	the	DET
ftr-305	123	14	transaction.17	transaction.17	NOUN
ftr-305	123	15	the	the	DET
ftr-305	123	16	withholding	withholding	NOUN
ftr-305	123	17	tax	tax	NOUN
ftr-305	123	18	,	,	PUNCT
ftr-305	123	19	of	of	ADP
ftr-305	123	20	course	course	NOUN
ftr-305	123	21	,	,	PUNCT
ftr-305	123	22	is	be	AUX
ftr-305	123	23	a	a	DET
ftr-305	123	24	prepayment	prepayment	NOUN
ftr-305	123	25	of	of	ADP
ftr-305	123	26	a	a	DET
ftr-305	123	27	liability	liability	NOUN
ftr-305	123	28	that	that	PRON
ftr-305	123	29	may	may	AUX
ftr-305	123	30	be	be	AUX
ftr-305	123	31	more	more	ADV
ftr-305	123	32	or	or	CCONJ
ftr-305	123	33	less	less	ADJ
ftr-305	123	34	than	than	ADP
ftr-305	123	35	the	the	DET
ftr-305	123	36	amount	amount	NOUN
ftr-305	123	37	withheld	withhold	VERB
ftr-305	123	38	and	and	CCONJ
ftr-305	123	39	it	it	PRON
ftr-305	123	40	does	do	AUX
ftr-305	123	41	not	not	PART
ftr-305	123	42	always	always	ADV
ftr-305	123	43	eliminate	eliminate	VERB
ftr-305	123	44	the	the	DET
ftr-305	123	45	need	need	NOUN
ftr-305	123	46	for	for	ADP
ftr-305	123	47	a	a	DET
ftr-305	123	48	foreign	foreign	ADJ
ftr-305	123	49	person	person	NOUN
ftr-305	123	50	that	that	PRON
ftr-305	123	51	is	be	AUX
ftr-305	123	52	subject	subject	ADJ
ftr-305	123	53	to	to	ADP
ftr-305	123	54	the	the	DET
ftr-305	123	55	firpta	firpta	NOUN
ftr-305	123	56	tax	tax	NOUN
ftr-305	123	57	to	to	PART
ftr-305	123	58	file	file	VERB
ftr-305	123	59	a	a	DET
ftr-305	123	60	tax	tax	NOUN
ftr-305	123	61	return.18	return.18	VERB
ftr-305	123	62	the	the	DET
ftr-305	123	63	separate	separate	ADJ
ftr-305	123	64	firpta	firpta	NOUN
ftr-305	123	65	reporting	reporting	NOUN
ftr-305	123	66	rules	rule	NOUN
ftr-305	123	67	were	be	AUX
ftr-305	123	68	largely	largely	ADV
ftr-305	123	69	eliminated	eliminate	VERB
ftr-305	123	70	when	when	SCONJ
ftr-305	123	71	the	the	DET
ftr-305	123	72	withholding	withholding	NOUN
ftr-305	123	73	tax	tax	NOUN
ftr-305	123	74	was	be	AUX
ftr-305	123	75	added	add	VERB
ftr-305	123	76	in	in	ADP
ftr-305	123	77	1984.19	1984.19	NUM
ftr-305	123	78	a.	a.	NOUN
ftr-305	124	1	how	how	SCONJ
ftr-305	124	2	did	do	AUX
ftr-305	124	3	firpta	firpta	NOUN
ftr-305	124	4	change	change	VERB
ftr-305	124	5	the	the	DET
ftr-305	124	6	law	law	NOUN
ftr-305	124	7	?	?	PUNCT
ftr-305	125	1	gain	gain	NOUN
ftr-305	125	2	from	from	ADP
ftr-305	125	3	the	the	DET
ftr-305	125	4	sale	sale	NOUN
ftr-305	125	5	of	of	ADP
ftr-305	125	6	u.s	u.s	PROPN
ftr-305	125	7	.	.	PROPN
ftr-305	125	8	real	real	ADJ
ftr-305	125	9	property	property	NOUN
ftr-305	125	10	was	be	AUX
ftr-305	125	11	u.s	u.s	PROPN
ftr-305	125	12	.	.	PROPN
ftr-305	125	13	“	"	PUNCT
ftr-305	125	14	source	source	NOUN
ftr-305	125	15	”	"	PUNCT
ftr-305	125	16	income	income	NOUN
ftr-305	125	17	before	before	ADP
ftr-305	125	18	firpta.20	firpta.20	PROPN
ftr-305	125	19	but	but	CCONJ
ftr-305	125	20	before	before	ADP
ftr-305	125	21	firpta	firpta	NOUN
ftr-305	125	22	there	there	PRON
ftr-305	125	23	was	be	VERB
ftr-305	125	24	no	no	DET
ftr-305	125	25	u.s	u.s	PROPN
ftr-305	125	26	.	.	PROPN
ftr-305	125	27	tax	tax	NOUN
ftr-305	125	28	on	on	ADP
ftr-305	125	29	gain	gain	NOUN
ftr-305	125	30	from	from	ADP
ftr-305	125	31	a	a	DET
ftr-305	125	32	sale	sale	NOUN
ftr-305	125	33	by	by	ADP
ftr-305	125	34	a	a	DET
ftr-305	125	35	foreign	foreign	ADJ
ftr-305	125	36	person	person	NOUN
ftr-305	125	37	of	of	ADP
ftr-305	125	38	personal	personal	ADJ
ftr-305	125	39	,	,	PUNCT
ftr-305	125	40	or	or	CCONJ
ftr-305	125	41	non	non	ADJ
ftr-305	125	42	-	-	NOUN
ftr-305	125	43	business	business	ADJ
ftr-305	125	44	,	,	PUNCT
ftr-305	125	45	real	real	ADJ
ftr-305	125	46	property	property	NOUN
ftr-305	125	47	,	,	PUNCT
ftr-305	125	48	such	such	ADJ
ftr-305	125	49	as	as	ADP
ftr-305	125	50	a	a	DET
ftr-305	125	51	personal	personal	ADJ
ftr-305	125	52	residence	residence	NOUN
ftr-305	125	53	,	,	PUNCT
ftr-305	125	54	because	because	SCONJ
ftr-305	125	55	the	the	DET
ftr-305	125	56	gain	gain	NOUN
ftr-305	125	57	,	,	PUNCT
ftr-305	125	58	although	although	SCONJ
ftr-305	125	59	u.s	u.s	PROPN
ftr-305	125	60	.	.	PROPN
ftr-305	125	61	source	source	NOUN
ftr-305	125	62	,	,	PUNCT
ftr-305	125	63	was	be	AUX
ftr-305	125	64	not	not	PART
ftr-305	125	65	“	"	PUNCT
ftr-305	125	66	effectively	effectively	ADV
ftr-305	125	67	connected	connect	VERB
ftr-305	125	68	”	"	PUNCT
ftr-305	125	69	with	with	ADP
ftr-305	125	70	a	a	DET
ftr-305	125	71	u.s	u.s	PROPN
ftr-305	125	72	.	.	PROPN
ftr-305	125	73	trade	trade	NOUN
ftr-305	125	74	or	or	CCONJ
ftr-305	125	75	business	business	NOUN
ftr-305	125	76	(	(	PUNCT
ftr-305	125	77	or	or	CCONJ
ftr-305	125	78	,	,	PUNCT
ftr-305	125	79	if	if	SCONJ
ftr-305	125	80	a	a	DET
ftr-305	125	81	tax	tax	NOUN
ftr-305	125	82	treaty	treaty	NOUN
ftr-305	125	83	applied	apply	VERB
ftr-305	125	84	,	,	PUNCT
ftr-305	125	85	was	be	AUX
ftr-305	125	86	not	not	PART
ftr-305	125	87	“	"	PUNCT
ftr-305	125	88	attributable	attributable	ADJ
ftr-305	125	89	to	to	ADP
ftr-305	125	90	”	"	PUNCT
ftr-305	125	91	a	a	DET
ftr-305	125	92	u.s	u.s	PROPN
ftr-305	125	93	.	.	PROPN
ftr-305	125	94	permanent	permanent	ADJ
ftr-305	125	95	establishment	establishment	NOUN
ftr-305	125	96	)	)	PUNCT
ftr-305	125	97	.	.	PUNCT
ftr-305	126	1	the	the	DET
ftr-305	126	2	same	same	ADJ
ftr-305	126	3	rule	rule	NOUN
ftr-305	126	4	applied	apply	VERB
ftr-305	126	5	to	to	ADP
ftr-305	126	6	a	a	DET
ftr-305	126	7	business	business	NOUN
ftr-305	126	8	investment	investment	NOUN
ftr-305	126	9	in	in	ADP
ftr-305	126	10	real	real	ADJ
ftr-305	126	11	property	property	NOUN
ftr-305	126	12	except	except	SCONJ
ftr-305	126	13	that	that	PRON
ftr-305	126	14	,	,	PUNCT
ftr-305	126	15	because	because	SCONJ
ftr-305	126	16	such	such	DET
ftr-305	126	17	an	an	DET
ftr-305	126	18	investment	investment	NOUN
ftr-305	126	19	often	often	ADV
ftr-305	126	20	involved	involve	VERB
ftr-305	126	21	the	the	DET
ftr-305	126	22	conduct	conduct	NOUN
ftr-305	126	23	by	by	ADP
ftr-305	126	24	the	the	DET
ftr-305	126	25	investor	investor	NOUN
ftr-305	126	26	of	of	ADP
ftr-305	126	27	significant	significant	ADJ
ftr-305	126	28	activities	activity	NOUN
ftr-305	126	29	in	in	ADP
ftr-305	126	30	the	the	DET
ftr-305	126	31	united	united	PROPN
ftr-305	126	32	states	states	PROPN
ftr-305	126	33	,	,	PUNCT
ftr-305	126	34	it	it	PRON
ftr-305	126	35	would	would	AUX
ftr-305	126	36	often	often	ADV
ftr-305	126	37	result	result	VERB
ftr-305	126	38	in	in	ADP
ftr-305	126	39	income	income	NOUN
ftr-305	126	40	that	that	PRON
ftr-305	126	41	was	be	AUX
ftr-305	126	42	“	"	PUNCT
ftr-305	126	43	effectively	effectively	ADV
ftr-305	126	44	connected	connect	VERB
ftr-305	126	45	”	"	PUNCT
ftr-305	126	46	with	with	ADP
ftr-305	126	47	a	a	DET
ftr-305	126	48	u.s	u.s	PROPN
ftr-305	126	49	.	.	PROPN
ftr-305	126	50	trade	trade	NOUN
ftr-305	126	51	or	or	CCONJ
ftr-305	126	52	business	business	NOUN
ftr-305	126	53	.	.	PUNCT
ftr-305	127	1	even	even	ADV
ftr-305	127	2	if	if	SCONJ
ftr-305	127	3	that	that	PRON
ftr-305	127	4	was	be	AUX
ftr-305	127	5	not	not	PART
ftr-305	127	6	the	the	DET
ftr-305	127	7	case	case	NOUN
ftr-305	127	8	,	,	PUNCT
ftr-305	127	9	because	because	SCONJ
ftr-305	127	10	the	the	DET
ftr-305	127	11	activities	activity	NOUN
ftr-305	127	12	in	in	ADP
ftr-305	127	13	the	the	DET
ftr-305	127	14	united	united	PROPN
ftr-305	127	15	states	states	PROPN
ftr-305	127	16	were	be	AUX
ftr-305	127	17	occasional	occasional	ADJ
ftr-305	127	18	or	or	CCONJ
ftr-305	127	19	minimal	minimal	ADJ
ftr-305	127	20	,	,	PUNCT
ftr-305	127	21	the	the	DET
ftr-305	127	22	foreign	foreign	ADJ
ftr-305	127	23	investor	investor	NOUN
ftr-305	127	24	would	would	AUX
ftr-305	127	25	frequently	frequently	ADV
ftr-305	127	26	elect	elect	VERB
ftr-305	127	27	under	under	ADP
ftr-305	127	28	the	the	DET
ftr-305	127	29	internal	internal	ADJ
ftr-305	127	30	revenue	revenue	NOUN
ftr-305	127	31	code	code	NOUN
ftr-305	127	32	or	or	CCONJ
ftr-305	127	33	a	a	DET
ftr-305	127	34	tax	tax	NOUN
ftr-305	127	35	treaty	treaty	NOUN
ftr-305	127	36	to	to	PART
ftr-305	127	37	treat	treat	VERB
ftr-305	127	38	the	the	DET
ftr-305	127	39	income	income	NOUN
ftr-305	127	40	as	as	ADP
ftr-305	127	41	effectively	effectively	ADV
ftr-305	127	42	connected	connect	VERB
ftr-305	127	43	in	in	ADP
ftr-305	127	44	order	order	NOUN
ftr-305	127	45	to	to	PART
ftr-305	127	46	take	take	VERB
ftr-305	127	47	a	a	DET
ftr-305	127	48	current	current	ADJ
ftr-305	127	49	deduction	deduction	NOUN
ftr-305	127	50	for	for	ADP
ftr-305	127	51	expenses	expense	NOUN
ftr-305	127	52	,	,	PUNCT
ftr-305	127	53	such	such	ADJ
ftr-305	127	54	as	as	ADP
ftr-305	127	55	interest	interest	NOUN
ftr-305	127	56	,	,	PUNCT
ftr-305	127	57	depreciation	depreciation	NOUN
ftr-305	127	58	and	and	CCONJ
ftr-305	127	59	real	real	ADJ
ftr-305	127	60	estate	estate	NOUN
ftr-305	127	61	taxes	taxis	NOUN
ftr-305	127	62	,	,	PUNCT
ftr-305	127	63	and	and	CCONJ
ftr-305	127	64	not	not	PART
ftr-305	127	65	be	be	AUX
ftr-305	127	66	subject	subject	ADJ
ftr-305	127	67	to	to	ADP
ftr-305	127	68	a	a	DET
ftr-305	127	69	30	30	NUM
ftr-305	127	70	percent	percent	NOUN
ftr-305	127	71	withholding	withholding	NOUN
ftr-305	127	72	tax	tax	NOUN
ftr-305	127	73	on	on	ADP
ftr-305	127	74	17	17	NUM
ftr-305	127	75	.	.	PUNCT
ftr-305	127	76	i.r.c	i.r.c	NOUN
ftr-305	127	77	.	.	PUNCT
ftr-305	128	1	§	§	PROPN
ftr-305	128	2	1445	1445	NUM
ftr-305	128	3	.	.	PUNCT
ftr-305	129	1	thus	thus	ADV
ftr-305	129	2	the	the	DET
ftr-305	129	3	rates	rate	NOUN
ftr-305	129	4	of	of	ADP
ftr-305	129	5	withholding	withholding	NOUN
ftr-305	129	6	vary	vary	NOUN
ftr-305	129	7	from	from	ADP
ftr-305	129	8	10	10	NUM
ftr-305	129	9	percent	percent	NOUN
ftr-305	129	10	of	of	ADP
ftr-305	129	11	the	the	DET
ftr-305	129	12	amount	amount	NOUN
ftr-305	129	13	realized	realize	VERB
ftr-305	129	14	(	(	PUNCT
ftr-305	129	15	e.g.	e.g.	ADV
ftr-305	129	16	,	,	PUNCT
ftr-305	129	17	by	by	ADP
ftr-305	129	18	a	a	DET
ftr-305	129	19	foreign	foreign	ADJ
ftr-305	129	20	person	person	NOUN
ftr-305	129	21	on	on	ADP
ftr-305	129	22	the	the	DET
ftr-305	129	23	disposition	disposition	NOUN
ftr-305	129	24	of	of	ADP
ftr-305	129	25	an	an	DET
ftr-305	129	26	interest	interest	NOUN
ftr-305	129	27	in	in	ADP
ftr-305	129	28	usrp	usrp	NOUN
ftr-305	129	29	or	or	CCONJ
ftr-305	129	30	an	an	DET
ftr-305	129	31	interest	interest	NOUN
ftr-305	129	32	in	in	ADP
ftr-305	129	33	a	a	DET
ftr-305	129	34	partnership	partnership	NOUN
ftr-305	129	35	or	or	CCONJ
ftr-305	129	36	trust	trust	NOUN
ftr-305	129	37	that	that	PRON
ftr-305	129	38	owns	own	VERB
ftr-305	129	39	an	an	DET
ftr-305	129	40	interest	interest	NOUN
ftr-305	129	41	in	in	ADP
ftr-305	129	42	usrp	usrp	NOUN
ftr-305	129	43	)	)	PUNCT
ftr-305	129	44	or	or	CCONJ
ftr-305	129	45	of	of	ADP
ftr-305	129	46	the	the	DET
ftr-305	129	47	fair	fair	ADJ
ftr-305	129	48	market	market	NOUN
ftr-305	129	49	value	value	NOUN
ftr-305	129	50	(	(	PUNCT
ftr-305	129	51	on	on	ADP
ftr-305	129	52	a	a	DET
ftr-305	129	53	taxable	taxable	ADJ
ftr-305	129	54	distribution	distribution	NOUN
ftr-305	129	55	of	of	ADP
ftr-305	129	56	an	an	DET
ftr-305	129	57	interest	interest	NOUN
ftr-305	129	58	in	in	ADP
ftr-305	129	59	usrp	usrp	NOUN
ftr-305	129	60	by	by	ADP
ftr-305	129	61	a	a	DET
ftr-305	129	62	partnership	partnership	NOUN
ftr-305	129	63	or	or	CCONJ
ftr-305	129	64	trust	trust	NOUN
ftr-305	129	65	to	to	ADP
ftr-305	129	66	a	a	DET
ftr-305	129	67	foreign	foreign	ADJ
ftr-305	129	68	partner	partner	NOUN
ftr-305	129	69	or	or	CCONJ
ftr-305	129	70	beneficiary	beneficiary	NOUN
ftr-305	129	71	)	)	PUNCT
ftr-305	129	72	to	to	ADP
ftr-305	129	73	35	35	NUM
ftr-305	129	74	percent	percent	NOUN
ftr-305	129	75	of	of	ADP
ftr-305	129	76	the	the	DET
ftr-305	129	77	gain	gain	NOUN
ftr-305	129	78	realized	realize	VERB
ftr-305	129	79	(	(	PUNCT
ftr-305	129	80	e.g.	e.g.	ADV
ftr-305	129	81	,	,	PUNCT
ftr-305	129	82	on	on	ADP
ftr-305	129	83	gain	gain	NOUN
ftr-305	129	84	from	from	ADP
ftr-305	129	85	a	a	DET
ftr-305	129	86	disposition	disposition	NOUN
ftr-305	129	87	of	of	ADP
ftr-305	129	88	an	an	DET
ftr-305	129	89	interest	interest	NOUN
ftr-305	129	90	in	in	ADP
ftr-305	129	91	usrp	usrp	NOUN
ftr-305	129	92	by	by	ADP
ftr-305	129	93	a	a	DET
ftr-305	129	94	partnership	partnership	NOUN
ftr-305	129	95	,	,	PUNCT
ftr-305	129	96	trust	trust	NOUN
ftr-305	129	97	or	or	CCONJ
ftr-305	129	98	estate	estate	NOUN
ftr-305	129	99	that	that	PRON
ftr-305	129	100	is	be	AUX
ftr-305	129	101	attributable	attributable	ADJ
ftr-305	129	102	to	to	ADP
ftr-305	129	103	a	a	DET
ftr-305	129	104	foreign	foreign	ADJ
ftr-305	129	105	partner	partner	NOUN
ftr-305	129	106	or	or	CCONJ
ftr-305	129	107	foreign	foreign	ADJ
ftr-305	129	108	beneficiary	beneficiary	NOUN
ftr-305	129	109	)	)	PUNCT
ftr-305	129	110	,	,	PUNCT
ftr-305	129	111	and	and	CCONJ
ftr-305	129	112	the	the	DET
ftr-305	129	113	rules	rule	NOUN
ftr-305	129	114	are	be	AUX
ftr-305	129	115	further	far	ADV
ftr-305	129	116	modified	modify	VERB
ftr-305	129	117	by	by	ADP
ftr-305	129	118	a	a	DET
ftr-305	129	119	complex	complex	ADJ
ftr-305	129	120	set	set	NOUN
ftr-305	129	121	of	of	ADP
ftr-305	129	122	regulations	regulation	NOUN
ftr-305	129	123	.	.	PUNCT
ftr-305	130	1	see	see	VERB
ftr-305	130	2	kimberly	kimberly	PROPN
ftr-305	130	3	s.	s.	PROPN
ftr-305	130	4	blanchard	blanchard	PROPN
ftr-305	130	5	,	,	PUNCT
ftr-305	130	6	firpta	firpta	NOUN
ftr-305	130	7	in	in	ADP
ftr-305	130	8	the	the	DET
ftr-305	130	9	21st	21st	ADJ
ftr-305	130	10	century	century	NOUN
ftr-305	130	11	,	,	PUNCT
ftr-305	130	12	installment	installment	NOUN
ftr-305	130	13	four	four	NUM
ftr-305	130	14	:	:	PUNCT
ftr-305	130	15	firpta	firpta	NOUN
ftr-305	130	16	withholding	withholding	NOUN
ftr-305	130	17	mechanics	mechanic	NOUN
ftr-305	130	18	,	,	PUNCT
ftr-305	130	19	37	37	NUM
ftr-305	130	20	tax	tax	NOUN
ftr-305	130	21	mgm’t	mgm’t	PROPN
ftr-305	130	22	int’l	int’l	NUM
ftr-305	130	23	j.	j.	PROPN
ftr-305	130	24	402	402	NUM
ftr-305	130	25	(	(	PUNCT
ftr-305	130	26	2008	2008	NUM
ftr-305	130	27	)	)	PUNCT
ftr-305	130	28	(	(	PUNCT
ftr-305	130	29	for	for	ADP
ftr-305	130	30	comments	comment	NOUN
ftr-305	130	31	on	on	ADP
ftr-305	130	32	limited	limited	ADJ
ftr-305	130	33	aspects	aspect	NOUN
ftr-305	130	34	of	of	ADP
ftr-305	130	35	the	the	DET
ftr-305	130	36	withholding	withholding	NOUN
ftr-305	130	37	tax	tax	NOUN
ftr-305	130	38	regulations	regulation	NOUN
ftr-305	130	39	)	)	PUNCT
ftr-305	130	40	;	;	PUNCT
ftr-305	131	1	david	david	PROPN
ftr-305	131	2	r.	r.	PROPN
ftr-305	131	3	herzig	herzig	PROPN
ftr-305	131	4	,	,	PUNCT
ftr-305	131	5	rethinking	rethink	VERB
ftr-305	131	6	firpta	firpta	NOUN
ftr-305	131	7	,	,	PUNCT
ftr-305	131	8	4	4	NUM
ftr-305	131	9	colum	colum	NOUN
ftr-305	131	10	.	.	PUNCT
ftr-305	132	1	j.	j.	PROPN
ftr-305	132	2	tax	tax	PROPN
ftr-305	132	3	l.	l.	PROPN
ftr-305	133	1	_	_	PUNCT
ftr-305	134	1	_	_	PUNCT
ftr-305	135	1	_	_	PUNCT
ftr-305	136	1	_	_	PUNCT
ftr-305	136	2	(	(	PUNCT
ftr-305	136	3	2013	2013	NUM
ftr-305	136	4	)	)	PUNCT
ftr-305	137	1	[	[	X
ftr-305	137	2	forthcoming	forthcoming	ADJ
ftr-305	137	3	]	]	X
ftr-305	137	4	.	.	PUNCT
ftr-305	138	1	18	18	NUM
ftr-305	138	2	.	.	PUNCT
ftr-305	139	1	see	see	VERB
ftr-305	139	2	regs	reg	NOUN
ftr-305	139	3	.	.	PUNCT
ftr-305	140	1	§	§	PROPN
ftr-305	140	2	1.1445	1.1445	NUM
ftr-305	140	3	-	-	SYM
ftr-305	140	4	1(f)(1	1(f)(1	NUM
ftr-305	140	5	)	)	PUNCT
ftr-305	140	6	(	(	PUNCT
ftr-305	140	7	in	in	ADP
ftr-305	140	8	the	the	DET
ftr-305	140	9	case	case	NOUN
ftr-305	140	10	of	of	ADP
ftr-305	140	11	tax	tax	NOUN
ftr-305	140	12	withheld	withhold	VERB
ftr-305	140	13	on	on	ADP
ftr-305	140	14	a	a	DET
ftr-305	140	15	sale	sale	NOUN
ftr-305	140	16	of	of	ADP
ftr-305	140	17	an	an	DET
ftr-305	140	18	interest	interest	NOUN
ftr-305	140	19	in	in	ADP
ftr-305	140	20	a	a	DET
ftr-305	140	21	usrphc	usrphc	ADJ
ftr-305	140	22	or	or	CCONJ
ftr-305	140	23	a	a	DET
ftr-305	140	24	partnership	partnership	NOUN
ftr-305	140	25	or	or	CCONJ
ftr-305	140	26	a	a	DET
ftr-305	140	27	trust	trust	NOUN
ftr-305	140	28	)	)	PUNCT
ftr-305	140	29	.	.	PUNCT
ftr-305	141	1	19	19	NUM
ftr-305	141	2	.	.	PUNCT
ftr-305	141	3	section	section	NOUN
ftr-305	141	4	6039c	6039c	NOUN
ftr-305	141	5	now	now	ADV
ftr-305	141	6	requires	require	VERB
ftr-305	141	7	a	a	DET
ftr-305	141	8	foreign	foreign	ADJ
ftr-305	141	9	person	person	NOUN
ftr-305	141	10	who	who	PRON
ftr-305	141	11	directly	directly	ADV
ftr-305	141	12	owns	own	VERB
ftr-305	141	13	and	and	CCONJ
ftr-305	141	14	interest	interest	NOUN
ftr-305	141	15	in	in	ADP
ftr-305	141	16	usrp	usrp	NOUN
ftr-305	141	17	to	to	PART
ftr-305	141	18	report	report	VERB
ftr-305	141	19	if	if	SCONJ
ftr-305	141	20	the	the	DET
ftr-305	141	21	value	value	NOUN
ftr-305	141	22	is	be	AUX
ftr-305	141	23	$	$	SYM
ftr-305	141	24	50,000	50,000	NUM
ftr-305	141	25	or	or	CCONJ
ftr-305	141	26	more	more	ADJ
ftr-305	141	27	and	and	CCONJ
ftr-305	141	28	ownership	ownership	NOUN
ftr-305	141	29	is	be	AUX
ftr-305	141	30	not	not	PART
ftr-305	141	31	a	a	DET
ftr-305	141	32	u.s	u.s	PROPN
ftr-305	141	33	.	.	PROPN
ftr-305	141	34	trade	trade	NOUN
ftr-305	141	35	or	or	CCONJ
ftr-305	141	36	business	business	NOUN
ftr-305	141	37	,	,	PUNCT
ftr-305	141	38	but	but	CCONJ
ftr-305	141	39	reporting	reporting	NOUN
ftr-305	141	40	is	be	AUX
ftr-305	141	41	only	only	ADV
ftr-305	141	42	“	"	PUNCT
ftr-305	141	43	[	[	X
ftr-305	141	44	t]o	t]o	ADP
ftr-305	141	45	the	the	DET
ftr-305	141	46	extent	extent	NOUN
ftr-305	141	47	provided	provide	VERB
ftr-305	141	48	by	by	ADP
ftr-305	141	49	regulations	regulation	NOUN
ftr-305	141	50	”	"	PUNCT
ftr-305	141	51	and	and	CCONJ
ftr-305	141	52	there	there	PRON
ftr-305	141	53	are	be	VERB
ftr-305	141	54	no	no	DET
ftr-305	141	55	regulations	regulation	NOUN
ftr-305	141	56	.	.	PUNCT
ftr-305	142	1	proposed	propose	VERB
ftr-305	142	2	regulations	regulation	NOUN
ftr-305	142	3	under	under	ADP
ftr-305	142	4	the	the	DET
ftr-305	142	5	original	original	ADJ
ftr-305	142	6	section	section	NOUN
ftr-305	142	7	6039c	6039c	NOUN
ftr-305	142	8	were	be	AUX
ftr-305	142	9	withdrawn	withdraw	VERB
ftr-305	142	10	when	when	SCONJ
ftr-305	142	11	the	the	DET
ftr-305	142	12	withholding	withholding	NOUN
ftr-305	142	13	tax	tax	NOUN
ftr-305	142	14	was	be	AUX
ftr-305	142	15	enacted	enact	VERB
ftr-305	142	16	.	.	PUNCT
ftr-305	143	1	20	20	NUM
ftr-305	143	2	.	.	PUNCT
ftr-305	143	3	i.r.c	i.r.c	NOUN
ftr-305	143	4	.	.	PUNCT
ftr-305	144	1	§	§	PROPN
ftr-305	144	2	861(a)(5	861(a)(5	PROPN
ftr-305	144	3	)	)	PUNCT
ftr-305	144	4	.	.	PUNCT
ftr-305	145	1	8	8	NUM
ftr-305	145	2	florida	florida	PROPN
ftr-305	145	3	tax	tax	NOUN
ftr-305	145	4	review	review	NOUN
ftr-305	146	1	[	[	X
ftr-305	146	2	vol	vol	NOUN
ftr-305	146	3	.	.	PUNCT
ftr-305	147	1	14:1	14:1	NUM
ftr-305	147	2	gross	gross	ADJ
ftr-305	147	3	rental	rental	ADJ
ftr-305	147	4	income.21	income.21	NOUN
ftr-305	147	5	apart	apart	ADV
ftr-305	147	6	from	from	ADP
ftr-305	147	7	the	the	DET
ftr-305	147	8	withholding	withholding	NOUN
ftr-305	147	9	tax	tax	NOUN
ftr-305	147	10	on	on	ADP
ftr-305	147	11	non	non	ADJ
ftr-305	147	12	-	-	ADJ
ftr-305	147	13	effectively	effectively	ADV
ftr-305	147	14	connected	connected	ADJ
ftr-305	147	15	rents	rent	NOUN
ftr-305	147	16	or	or	CCONJ
ftr-305	147	17	royalties	royalty	NOUN
ftr-305	147	18	,	,	PUNCT
ftr-305	147	19	the	the	DET
ftr-305	147	20	tax	tax	NOUN
ftr-305	147	21	on	on	ADP
ftr-305	147	22	u.s	u.s	PROPN
ftr-305	147	23	.	.	PROPN
ftr-305	147	24	real	real	ADJ
ftr-305	147	25	property	property	NOUN
ftr-305	147	26	income	income	NOUN
ftr-305	147	27	or	or	CCONJ
ftr-305	147	28	gain	gain	NOUN
ftr-305	147	29	was	be	AUX
ftr-305	147	30	,	,	PUNCT
ftr-305	147	31	before	before	SCONJ
ftr-305	147	32	firpta	firpta	NOUN
ftr-305	147	33	,	,	PUNCT
ftr-305	147	34	self	self	NOUN
ftr-305	147	35	-	-	PUNCT
ftr-305	147	36	assessed	assess	VERB
ftr-305	147	37	.	.	PUNCT
ftr-305	148	1	while	while	SCONJ
ftr-305	148	2	gain	gain	NOUN
ftr-305	148	3	from	from	ADP
ftr-305	148	4	the	the	DET
ftr-305	148	5	sale	sale	NOUN
ftr-305	148	6	or	or	CCONJ
ftr-305	148	7	other	other	ADJ
ftr-305	148	8	disposition	disposition	NOUN
ftr-305	148	9	of	of	ADP
ftr-305	148	10	an	an	DET
ftr-305	148	11	interest	interest	NOUN
ftr-305	148	12	in	in	ADP
ftr-305	148	13	usrp	usrp	NOUN
ftr-305	148	14	is	be	AUX
ftr-305	148	15	,	,	PUNCT
ftr-305	148	16	with	with	ADP
ftr-305	148	17	specific	specific	ADJ
ftr-305	148	18	exceptions	exception	NOUN
ftr-305	148	19	,	,	PUNCT
ftr-305	148	20	always	always	ADV
ftr-305	148	21	“	"	PUNCT
ftr-305	148	22	effectively	effectively	ADV
ftr-305	148	23	connected	connect	VERB
ftr-305	148	24	”	"	PUNCT
ftr-305	148	25	income	income	NOUN
ftr-305	148	26	under	under	ADP
ftr-305	148	27	firpta	firpta	NOUN
ftr-305	148	28	,	,	PUNCT
ftr-305	148	29	firpta	firpta	NOUN
ftr-305	148	30	did	do	AUX
ftr-305	148	31	not	not	PART
ftr-305	148	32	change	change	VERB
ftr-305	148	33	the	the	DET
ftr-305	148	34	different	different	ADJ
ftr-305	148	35	treatment	treatment	NOUN
ftr-305	148	36	of	of	ADP
ftr-305	148	37	rent	rent	NOUN
ftr-305	148	38	,	,	PUNCT
ftr-305	148	39	mineral	mineral	NOUN
ftr-305	148	40	royalties	royalty	NOUN
ftr-305	148	41	or	or	CCONJ
ftr-305	148	42	other	other	ADJ
ftr-305	148	43	current	current	ADJ
ftr-305	148	44	income	income	NOUN
ftr-305	148	45	from	from	ADP
ftr-305	148	46	a	a	DET
ftr-305	148	47	investment	investment	NOUN
ftr-305	148	48	in	in	ADP
ftr-305	148	49	real	real	ADJ
ftr-305	148	50	property	property	NOUN
ftr-305	148	51	that	that	PRON
ftr-305	148	52	is	be	AUX
ftr-305	148	53	a	a	DET
ftr-305	148	54	u.s	u.s	PROPN
ftr-305	148	55	.	.	PROPN
ftr-305	148	56	trade	trade	NOUN
ftr-305	148	57	or	or	CCONJ
ftr-305	148	58	business	business	NOUN
ftr-305	148	59	(	(	PUNCT
ftr-305	148	60	taxation	taxation	NOUN
ftr-305	148	61	at	at	ADP
ftr-305	148	62	regular	regular	ADJ
ftr-305	148	63	rates	rate	NOUN
ftr-305	148	64	on	on	ADP
ftr-305	148	65	the	the	DET
ftr-305	148	66	taxable	taxable	ADJ
ftr-305	148	67	income	income	NOUN
ftr-305	148	68	)	)	PUNCT
ftr-305	148	69	or	or	CCONJ
ftr-305	148	70	a	a	DET
ftr-305	148	71	business	business	NOUN
ftr-305	148	72	investment	investment	NOUN
ftr-305	148	73	that	that	PRON
ftr-305	148	74	is	be	AUX
ftr-305	148	75	not	not	PART
ftr-305	148	76	a	a	DET
ftr-305	148	77	u.s	u.s	PROPN
ftr-305	148	78	.	.	PROPN
ftr-305	148	79	trade	trade	NOUN
ftr-305	148	80	or	or	CCONJ
ftr-305	148	81	business	business	NOUN
ftr-305	148	82	(	(	PUNCT
ftr-305	148	83	30	30	NUM
ftr-305	148	84	percent	percent	NOUN
ftr-305	148	85	tax	tax	NOUN
ftr-305	148	86	on	on	ADP
ftr-305	148	87	the	the	DET
ftr-305	148	88	gross	gross	ADJ
ftr-305	148	89	income	income	NOUN
ftr-305	148	90	)	)	PUNCT
ftr-305	148	91	.	.	PUNCT
ftr-305	149	1	it	it	PRON
ftr-305	149	2	thus	thus	ADV
ftr-305	149	3	retained	retain	VERB
ftr-305	149	4	the	the	DET
ftr-305	149	5	statutory	statutory	ADJ
ftr-305	149	6	election	election	NOUN
ftr-305	149	7	to	to	PART
ftr-305	149	8	treat	treat	VERB
ftr-305	149	9	income	income	NOUN
ftr-305	149	10	from	from	ADP
ftr-305	149	11	a	a	DET
ftr-305	149	12	non	non	ADJ
ftr-305	149	13	-	-	ADJ
ftr-305	149	14	trade	trade	ADJ
ftr-305	149	15	or	or	CCONJ
ftr-305	149	16	business	business	NOUN
ftr-305	149	17	investment	investment	NOUN
ftr-305	149	18	in	in	ADP
ftr-305	149	19	real	real	ADJ
ftr-305	149	20	property	property	NOUN
ftr-305	149	21	held	hold	VERB
ftr-305	149	22	for	for	ADP
ftr-305	149	23	the	the	DET
ftr-305	149	24	production	production	NOUN
ftr-305	149	25	of	of	ADP
ftr-305	149	26	income	income	NOUN
ftr-305	149	27	as	as	ADP
ftr-305	149	28	“	"	PUNCT
ftr-305	149	29	effectively	effectively	ADV
ftr-305	149	30	connected	connect	VERB
ftr-305	149	31	”	"	PUNCT
ftr-305	149	32	income.22	income.22	NOUN
ftr-305	149	33	whether	whether	SCONJ
ftr-305	149	34	ownership	ownership	NOUN
ftr-305	149	35	of	of	ADP
ftr-305	149	36	an	an	DET
ftr-305	149	37	interest	interest	NOUN
ftr-305	149	38	in	in	ADP
ftr-305	149	39	real	real	ADJ
ftr-305	149	40	property	property	NOUN
ftr-305	149	41	is	be	AUX
ftr-305	149	42	or	or	CCONJ
ftr-305	149	43	is	be	AUX
ftr-305	149	44	not	not	PART
ftr-305	149	45	a	a	DET
ftr-305	149	46	trade	trade	NOUN
ftr-305	149	47	or	or	CCONJ
ftr-305	149	48	business	business	NOUN
ftr-305	149	49	is	be	AUX
ftr-305	149	50	sometimes	sometimes	ADV
ftr-305	149	51	simple	simple	ADJ
ftr-305	149	52	(	(	PUNCT
ftr-305	149	53	for	for	ADP
ftr-305	149	54	example	example	NOUN
ftr-305	149	55	,	,	PUNCT
ftr-305	149	56	ownership	ownership	NOUN
ftr-305	149	57	of	of	ADP
ftr-305	149	58	an	an	DET
ftr-305	149	59	interest	interest	NOUN
ftr-305	149	60	in	in	ADP
ftr-305	149	61	a	a	DET
ftr-305	149	62	royalty	royalty	NOUN
ftr-305	149	63	trust	trust	NOUN
ftr-305	149	64	that	that	PRON
ftr-305	149	65	is	be	AUX
ftr-305	149	66	a	a	DET
ftr-305	149	67	fixed	fix	VERB
ftr-305	149	68	investment	investment	NOUN
ftr-305	149	69	trust	trust	NOUN
ftr-305	149	70	would	would	AUX
ftr-305	149	71	not	not	PART
ftr-305	149	72	be	be	AUX
ftr-305	149	73	)	)	PUNCT
ftr-305	149	74	and	and	CCONJ
ftr-305	149	75	sometimes	sometimes	ADV
ftr-305	149	76	more	more	ADV
ftr-305	149	77	complicated	complicated	ADJ
ftr-305	149	78	(	(	PUNCT
ftr-305	149	79	for	for	ADP
ftr-305	149	80	example	example	NOUN
ftr-305	149	81	,	,	PUNCT
ftr-305	149	82	where	where	SCONJ
ftr-305	149	83	a	a	DET
ftr-305	149	84	foreign	foreign	ADJ
ftr-305	149	85	person	person	NOUN
ftr-305	149	86	owns	own	VERB
ftr-305	149	87	and	and	CCONJ
ftr-305	149	88	leases	lease	VERB
ftr-305	149	89	one	one	NUM
ftr-305	149	90	or	or	CCONJ
ftr-305	149	91	more	more	ADJ
ftr-305	149	92	commercial	commercial	ADJ
ftr-305	149	93	properties	property	NOUN
ftr-305	149	94	)	)	PUNCT
ftr-305	149	95	,	,	PUNCT
ftr-305	149	96	turning	turn	VERB
ftr-305	149	97	in	in	ADP
ftr-305	149	98	such	such	DET
ftr-305	149	99	a	a	DET
ftr-305	149	100	case	case	NOUN
ftr-305	149	101	on	on	ADP
ftr-305	149	102	the	the	DET
ftr-305	149	103	level	level	NOUN
ftr-305	149	104	and	and	CCONJ
ftr-305	149	105	continuity	continuity	NOUN
ftr-305	149	106	of	of	ADP
ftr-305	149	107	the	the	DET
ftr-305	149	108	owner	owner	NOUN
ftr-305	149	109	’s	’s	PART
ftr-305	149	110	u.s	u.s	PROPN
ftr-305	149	111	.	.	PROPN
ftr-305	149	112	activities.23	activities.23	ADV
ftr-305	149	113	before	before	ADP
ftr-305	149	114	firpta	firpta	NOUN
ftr-305	149	115	,	,	PUNCT
ftr-305	149	116	there	there	PRON
ftr-305	149	117	was	be	VERB
ftr-305	149	118	no	no	DET
ftr-305	149	119	tax	tax	NOUN
ftr-305	149	120	on	on	ADP
ftr-305	149	121	gain	gain	NOUN
ftr-305	149	122	from	from	ADP
ftr-305	149	123	the	the	DET
ftr-305	149	124	sale	sale	NOUN
ftr-305	149	125	of	of	ADP
ftr-305	149	126	shares	share	NOUN
ftr-305	149	127	of	of	ADP
ftr-305	149	128	a	a	DET
ftr-305	149	129	reit	reit	NOUN
ftr-305	149	130	,	,	PUNCT
ftr-305	149	131	ric	ric	ADJ
ftr-305	149	132	or	or	CCONJ
ftr-305	149	133	other	other	ADJ
ftr-305	149	134	u.s	u.s	PROPN
ftr-305	149	135	.	.	PROPN
ftr-305	149	136	corporation	corporation	NOUN
ftr-305	149	137	,	,	PUNCT
ftr-305	149	138	regardless	regardless	ADV
ftr-305	149	139	of	of	ADP
ftr-305	149	140	the	the	DET
ftr-305	149	141	nature	nature	NOUN
ftr-305	149	142	of	of	ADP
ftr-305	149	143	its	its	PRON
ftr-305	149	144	21	21	NUM
ftr-305	149	145	.	.	PUNCT
ftr-305	150	1	sections	section	NOUN
ftr-305	150	2	871(d	871(d	NUM
ftr-305	150	3	)	)	PUNCT
ftr-305	150	4	and	and	CCONJ
ftr-305	150	5	882(d	882(d	PROPN
ftr-305	150	6	)	)	PUNCT
ftr-305	150	7	,	,	PUNCT
ftr-305	150	8	which	which	PRON
ftr-305	150	9	apply	apply	VERB
ftr-305	150	10	to	to	ADP
ftr-305	150	11	“	"	PUNCT
ftr-305	150	12	income	income	NOUN
ftr-305	150	13	.	.	PUNCT
ftr-305	150	14	.	.	PUNCT
ftr-305	151	1	.	.	PUNCT
ftr-305	152	1	from	from	ADP
ftr-305	152	2	real	real	ADJ
ftr-305	152	3	property	property	NOUN
ftr-305	152	4	held	hold	VERB
ftr-305	152	5	for	for	ADP
ftr-305	152	6	the	the	DET
ftr-305	152	7	production	production	NOUN
ftr-305	152	8	of	of	ADP
ftr-305	152	9	income	income	NOUN
ftr-305	152	10	and	and	CCONJ
ftr-305	152	11	located	locate	VERB
ftr-305	152	12	in	in	ADP
ftr-305	152	13	the	the	DET
ftr-305	152	14	united	united	PROPN
ftr-305	152	15	states	states	PROPN
ftr-305	152	16	,	,	PUNCT
ftr-305	152	17	”	"	PUNCT
ftr-305	152	18	and	and	CCONJ
ftr-305	152	19	thus	thus	ADV
ftr-305	152	20	exclude	exclude	VERB
ftr-305	152	21	a	a	DET
ftr-305	152	22	personal	personal	ADJ
ftr-305	152	23	investment	investment	NOUN
ftr-305	152	24	in	in	ADP
ftr-305	152	25	real	real	ADJ
ftr-305	152	26	property	property	NOUN
ftr-305	152	27	,	,	PUNCT
ftr-305	152	28	such	such	ADJ
ftr-305	152	29	as	as	ADP
ftr-305	152	30	a	a	DET
ftr-305	152	31	residence	residence	NOUN
ftr-305	152	32	,	,	PUNCT
ftr-305	152	33	and	and	CCONJ
ftr-305	152	34	permit	permit	VERB
ftr-305	152	35	an	an	DET
ftr-305	152	36	election	election	NOUN
ftr-305	152	37	“	"	PUNCT
ftr-305	152	38	to	to	PART
ftr-305	152	39	treat	treat	VERB
ftr-305	152	40	all	all	DET
ftr-305	152	41	such	such	ADJ
ftr-305	152	42	income	income	NOUN
ftr-305	152	43	as	as	ADP
ftr-305	152	44	income	income	NOUN
ftr-305	152	45	which	which	PRON
ftr-305	152	46	is	be	AUX
ftr-305	152	47	effectively	effectively	ADV
ftr-305	152	48	connected	connect	VERB
ftr-305	152	49	with	with	ADP
ftr-305	152	50	the	the	DET
ftr-305	152	51	conduit	conduit	NOUN
ftr-305	152	52	of	of	ADP
ftr-305	152	53	a	a	DET
ftr-305	152	54	trade	trade	NOUN
ftr-305	152	55	or	or	CCONJ
ftr-305	152	56	business	business	NOUN
ftr-305	152	57	within	within	ADP
ftr-305	152	58	the	the	DET
ftr-305	152	59	united	united	PROPN
ftr-305	152	60	states	states	PROPN
ftr-305	152	61	.	.	PUNCT
ftr-305	152	62	”	"	PUNCT
ftr-305	153	1	the	the	DET
ftr-305	153	2	same	same	ADJ
ftr-305	153	3	election	election	NOUN
ftr-305	153	4	is	be	AUX
ftr-305	153	5	provided	provide	VERB
ftr-305	153	6	by	by	ADP
ftr-305	153	7	u.s	u.s	PROPN
ftr-305	153	8	.	.	PROPN
ftr-305	153	9	tax	tax	NOUN
ftr-305	153	10	treaties	treaty	NOUN
ftr-305	153	11	.	.	PUNCT
ftr-305	154	1	see	see	VERB
ftr-305	154	2	,	,	PUNCT
ftr-305	154	3	e.g.	e.g.	ADV
ftr-305	154	4	,	,	PUNCT
ftr-305	154	5	united	united	PROPN
ftr-305	154	6	states	states	PROPN
ftr-305	154	7	dep’t	dep’t	PROPN
ftr-305	154	8	of	of	ADP
ftr-305	154	9	treasury	treasury	PROPN
ftr-305	154	10	,	,	PUNCT
ftr-305	154	11	united	united	PROPN
ftr-305	154	12	states	states	PROPN
ftr-305	154	13	model	model	PROPN
ftr-305	154	14	income	income	PROPN
ftr-305	154	15	tax	tax	PROPN
ftr-305	154	16	convention	convention	PROPN
ftr-305	154	17	of	of	ADP
ftr-305	154	18	november	november	PROPN
ftr-305	154	19	15	15	NUM
ftr-305	154	20	,	,	PUNCT
ftr-305	154	21	2006	2006	NUM
ftr-305	154	22	,	,	PUNCT
ftr-305	154	23	art	art	NOUN
ftr-305	154	24	.	.	PUNCT
ftr-305	155	1	6	6	NUM
ftr-305	155	2	,	,	PUNCT
ftr-305	155	3	¶	¶	NOUN
ftr-305	155	4	5	5	NUM
ftr-305	156	1	[	[	X
ftr-305	156	2	hereinafter	hereinafter	NOUN
ftr-305	156	3	2006	2006	NUM
ftr-305	156	4	u.s	u.s	PROPN
ftr-305	156	5	.	.	PROPN
ftr-305	156	6	model	model	PROPN
ftr-305	156	7	treaty	treaty	PROPN
ftr-305	156	8	]	]	PUNCT
ftr-305	156	9	.	.	PUNCT
ftr-305	157	1	once	once	ADV
ftr-305	157	2	made	make	VERB
ftr-305	157	3	,	,	PUNCT
ftr-305	157	4	the	the	DET
ftr-305	157	5	election	election	NOUN
ftr-305	157	6	can	can	AUX
ftr-305	157	7	be	be	AUX
ftr-305	157	8	revoked	revoke	VERB
ftr-305	157	9	only	only	ADV
ftr-305	157	10	with	with	ADP
ftr-305	157	11	the	the	DET
ftr-305	157	12	consent	consent	NOUN
ftr-305	157	13	of	of	ADP
ftr-305	157	14	the	the	DET
ftr-305	157	15	irs	irs	PROPN
ftr-305	157	16	.	.	PUNCT
ftr-305	158	1	regs	regs	PROPN
ftr-305	158	2	.	.	PUNCT
ftr-305	159	1	§	§	PROPN
ftr-305	159	2	1.871	1.871	NUM
ftr-305	159	3	-	-	SYM
ftr-305	159	4	10(d	10(d	NUM
ftr-305	159	5	)	)	PUNCT
ftr-305	159	6	.	.	PUNCT
ftr-305	160	1	22	22	NUM
ftr-305	160	2	.	.	PUNCT
ftr-305	161	1	the	the	DET
ftr-305	161	2	election	election	NOUN
ftr-305	161	3	does	do	AUX
ftr-305	161	4	not	not	PART
ftr-305	161	5	apply	apply	VERB
ftr-305	161	6	,	,	PUNCT
ftr-305	161	7	of	of	ADP
ftr-305	161	8	course	course	NOUN
ftr-305	161	9	,	,	PUNCT
ftr-305	161	10	to	to	ADP
ftr-305	161	11	real	real	ADJ
ftr-305	161	12	property	property	NOUN
ftr-305	161	13	not	not	PART
ftr-305	161	14	held	hold	VERB
ftr-305	161	15	for	for	ADP
ftr-305	161	16	the	the	DET
ftr-305	161	17	production	production	NOUN
ftr-305	161	18	of	of	ADP
ftr-305	161	19	income	income	NOUN
ftr-305	161	20	,	,	PUNCT
ftr-305	161	21	such	such	ADJ
ftr-305	161	22	as	as	ADP
ftr-305	161	23	a	a	DET
ftr-305	161	24	personal	personal	ADJ
ftr-305	161	25	residence	residence	NOUN
ftr-305	161	26	.	.	PUNCT
ftr-305	162	1	23	23	NUM
ftr-305	162	2	.	.	PUNCT
ftr-305	163	1	in	in	ADP
ftr-305	163	2	revenue	revenue	NOUN
ftr-305	163	3	ruling	rule	VERB
ftr-305	163	4	73	73	NUM
ftr-305	163	5	-	-	SYM
ftr-305	163	6	522	522	NUM
ftr-305	163	7	,	,	PUNCT
ftr-305	163	8	1973	1973	NUM
ftr-305	163	9	-	-	SYM
ftr-305	163	10	2	2	NUM
ftr-305	163	11	c.b	c.b	PROPN
ftr-305	163	12	.	.	PROPN
ftr-305	163	13	226	226	NUM
ftr-305	163	14	,	,	PUNCT
ftr-305	163	15	the	the	DET
ftr-305	163	16	irs	irs	PROPN
ftr-305	163	17	held	hold	VERB
ftr-305	163	18	that	that	SCONJ
ftr-305	163	19	a	a	DET
ftr-305	163	20	nonresident	nonresident	ADJ
ftr-305	163	21	alien	alien	NOUN
ftr-305	163	22	who	who	PRON
ftr-305	163	23	leased	lease	VERB
ftr-305	163	24	u.s	u.s	PROPN
ftr-305	163	25	.	.	PROPN
ftr-305	163	26	real	real	ADJ
ftr-305	163	27	property	property	NOUN
ftr-305	163	28	on	on	ADP
ftr-305	163	29	a	a	DET
ftr-305	163	30	long	long	ADJ
ftr-305	163	31	-	-	PUNCT
ftr-305	163	32	term	term	NOUN
ftr-305	163	33	basis	basis	NOUN
ftr-305	163	34	,	,	PUNCT
ftr-305	163	35	net	net	NOUN
ftr-305	163	36	of	of	ADP
ftr-305	163	37	expenses	expense	NOUN
ftr-305	163	38	,	,	PUNCT
ftr-305	163	39	and	and	CCONJ
ftr-305	163	40	who	who	PRON
ftr-305	163	41	was	be	AUX
ftr-305	163	42	in	in	ADP
ftr-305	163	43	the	the	DET
ftr-305	163	44	u.s	u.s	PROPN
ftr-305	163	45	.	.	PROPN
ftr-305	163	46	only	only	ADV
ftr-305	163	47	for	for	ADP
ftr-305	163	48	one	one	NUM
ftr-305	163	49	week	week	NOUN
ftr-305	163	50	during	during	ADP
ftr-305	163	51	the	the	DET
ftr-305	163	52	year	year	NOUN
ftr-305	163	53	for	for	ADP
ftr-305	163	54	the	the	DET
ftr-305	163	55	purpose	purpose	NOUN
ftr-305	163	56	of	of	ADP
ftr-305	163	57	supervising	supervise	VERB
ftr-305	163	58	the	the	DET
ftr-305	163	59	negotiation	negotiation	NOUN
ftr-305	163	60	of	of	ADP
ftr-305	163	61	new	new	ADJ
ftr-305	163	62	leases	lease	NOUN
ftr-305	163	63	was	be	AUX
ftr-305	163	64	not	not	PART
ftr-305	163	65	engaged	engage	VERB
ftr-305	163	66	in	in	ADP
ftr-305	163	67	a	a	DET
ftr-305	163	68	u.s	u.s	PROPN
ftr-305	163	69	.	.	PROPN
ftr-305	163	70	trade	trade	NOUN
ftr-305	163	71	or	or	CCONJ
ftr-305	163	72	business	business	NOUN
ftr-305	163	73	.	.	PUNCT
ftr-305	164	1	it	it	PRON
ftr-305	164	2	summarized	summarize	VERB
ftr-305	164	3	prior	prior	ADJ
ftr-305	164	4	court	court	NOUN
ftr-305	164	5	decisions	decision	NOUN
ftr-305	164	6	as	as	ADP
ftr-305	164	7	holding	hold	VERB
ftr-305	164	8	that	that	SCONJ
ftr-305	164	9	there	there	PRON
ftr-305	164	10	was	be	VERB
ftr-305	164	11	a	a	DET
ftr-305	164	12	trade	trade	NOUN
ftr-305	164	13	or	or	CCONJ
ftr-305	164	14	business	business	NOUN
ftr-305	164	15	when	when	SCONJ
ftr-305	164	16	the	the	DET
ftr-305	164	17	u.s	u.s	PROPN
ftr-305	164	18	.	.	PROPN
ftr-305	164	19	activities	activity	NOUN
ftr-305	164	20	of	of	ADP
ftr-305	164	21	a	a	DET
ftr-305	164	22	nonresident	nonresident	ADJ
ftr-305	164	23	alien	alien	ADJ
ftr-305	164	24	individual	individual	NOUN
ftr-305	164	25	,	,	PUNCT
ftr-305	164	26	or	or	CCONJ
ftr-305	164	27	the	the	DET
ftr-305	164	28	individual	individual	NOUN
ftr-305	164	29	’s	’s	PART
ftr-305	164	30	agents	agent	NOUN
ftr-305	164	31	,	,	PUNCT
ftr-305	164	32	went	go	VERB
ftr-305	164	33	beyond	beyond	ADP
ftr-305	164	34	the	the	DET
ftr-305	164	35	mere	mere	ADJ
ftr-305	164	36	receipt	receipt	NOUN
ftr-305	164	37	of	of	ADP
ftr-305	164	38	income	income	NOUN
ftr-305	164	39	and	and	CCONJ
ftr-305	164	40	the	the	DET
ftr-305	164	41	activity	activity	NOUN
ftr-305	164	42	was	be	AUX
ftr-305	164	43	“	"	PUNCT
ftr-305	164	44	considerable	considerable	ADJ
ftr-305	164	45	,	,	PUNCT
ftr-305	164	46	continuous	continuous	ADJ
ftr-305	164	47	,	,	PUNCT
ftr-305	164	48	and	and	CCONJ
ftr-305	164	49	regular	regular	ADJ
ftr-305	164	50	,	,	PUNCT
ftr-305	164	51	”	"	PUNCT
ftr-305	164	52	which	which	PRON
ftr-305	164	53	was	be	AUX
ftr-305	164	54	not	not	PART
ftr-305	164	55	the	the	DET
ftr-305	164	56	case	case	NOUN
ftr-305	164	57	in	in	ADP
ftr-305	164	58	the	the	DET
ftr-305	164	59	ruling	ruling	NOUN
ftr-305	164	60	because	because	SCONJ
ftr-305	164	61	the	the	DET
ftr-305	164	62	leases	lease	NOUN
ftr-305	164	63	were	be	AUX
ftr-305	164	64	net	net	ADJ
ftr-305	164	65	and	and	CCONJ
ftr-305	164	66	the	the	DET
ftr-305	164	67	u.s	u.s	PROPN
ftr-305	164	68	.	.	PROPN
ftr-305	164	69	activity	activity	NOUN
ftr-305	164	70	not	not	PART
ftr-305	164	71	considerable	considerable	ADJ
ftr-305	164	72	,	,	PUNCT
ftr-305	164	73	continuous	continuous	ADJ
ftr-305	164	74	or	or	CCONJ
ftr-305	164	75	regular	regular	ADJ
ftr-305	164	76	.	.	PUNCT
ftr-305	165	1	see	see	VERB
ftr-305	165	2	also	also	ADV
ftr-305	165	3	lewenhaupt	lewenhaupt	PROPN
ftr-305	166	1	v.	v.	ADP
ftr-305	166	2	commissioner	commissioner	NOUN
ftr-305	166	3	,	,	PUNCT
ftr-305	166	4	20	20	NUM
ftr-305	166	5	t.c	t.c	PROPN
ftr-305	166	6	.	.	PROPN
ftr-305	166	7	151	151	NUM
ftr-305	166	8	(	(	PUNCT
ftr-305	166	9	1953	1953	NUM
ftr-305	166	10	)	)	PUNCT
ftr-305	166	11	,	,	PUNCT
ftr-305	166	12	aff’d	aff’d	VERB
ftr-305	166	13	,	,	PUNCT
ftr-305	166	14	221	221	NUM
ftr-305	166	15	f.2d	f.2d	NOUN
ftr-305	166	16	227	227	NUM
ftr-305	166	17	(	(	PUNCT
ftr-305	166	18	9th	9th	ADJ
ftr-305	166	19	cir	cir	NOUN
ftr-305	166	20	.	.	PUNCT
ftr-305	166	21	1955	1955	NUM
ftr-305	166	22	)	)	PUNCT
ftr-305	166	23	;	;	PUNCT
ftr-305	166	24	herbert	herbert	PROPN
ftr-305	166	25	v.	v.	PROPN
ftr-305	166	26	commissioner	commissioner	PROPN
ftr-305	166	27	,	,	PUNCT
ftr-305	166	28	30	30	NUM
ftr-305	166	29	t.c	t.c	PROPN
ftr-305	166	30	.	.	PROPN
ftr-305	166	31	26	26	NUM
ftr-305	166	32	(	(	PUNCT
ftr-305	166	33	1958	1958	NUM
ftr-305	166	34	)	)	PUNCT
ftr-305	166	35	;	;	PUNCT
ftr-305	166	36	and	and	CCONJ
ftr-305	166	37	de	de	ADP
ftr-305	166	38	amodio	amodio	NOUN
ftr-305	166	39	v.	v.	ADP
ftr-305	166	40	commissioner	commissioner	NOUN
ftr-305	166	41	,	,	PUNCT
ftr-305	166	42	34	34	NUM
ftr-305	166	43	t.c	t.c	PROPN
ftr-305	166	44	.	.	PROPN
ftr-305	166	45	894	894	NUM
ftr-305	166	46	(	(	PUNCT
ftr-305	166	47	1960	1960	NUM
ftr-305	166	48	)	)	PUNCT
ftr-305	166	49	,	,	PUNCT
ftr-305	166	50	aff’d	aff’d	VERB
ftr-305	166	51	,	,	PUNCT
ftr-305	166	52	299	299	NUM
ftr-305	166	53	f.2d	f.2d	SYM
ftr-305	166	54	623	623	NUM
ftr-305	166	55	(	(	PUNCT
ftr-305	166	56	3rd	3rd	ADJ
ftr-305	166	57	cir	cir	NOUN
ftr-305	166	58	.	.	PUNCT
ftr-305	166	59	1962	1962	NUM
ftr-305	166	60	)	)	PUNCT
ftr-305	166	61	.	.	PUNCT
ftr-305	167	1	the	the	DET
ftr-305	167	2	ruling	ruling	NOUN
ftr-305	167	3	also	also	ADV
ftr-305	167	4	holds	hold	VERB
ftr-305	167	5	that	that	SCONJ
ftr-305	167	6	expenses	expense	NOUN
ftr-305	167	7	paid	pay	VERB
ftr-305	167	8	by	by	ADP
ftr-305	167	9	the	the	DET
ftr-305	167	10	lessee	lessee	NOUN
ftr-305	167	11	and	and	CCONJ
ftr-305	167	12	netted	net	VERB
ftr-305	167	13	against	against	ADP
ftr-305	167	14	the	the	DET
ftr-305	167	15	rent	rent	NOUN
ftr-305	167	16	are	be	AUX
ftr-305	167	17	expenses	expense	NOUN
ftr-305	167	18	of	of	ADP
ftr-305	167	19	the	the	DET
ftr-305	167	20	lessee	lessee	NOUN
ftr-305	167	21	and	and	CCONJ
ftr-305	167	22	not	not	PART
ftr-305	167	23	income	income	NOUN
ftr-305	167	24	and	and	CCONJ
ftr-305	167	25	deductions	deduction	NOUN
ftr-305	167	26	of	of	ADP
ftr-305	167	27	the	the	DET
ftr-305	167	28	lessor	lessor	NOUN
ftr-305	167	29	.	.	PUNCT
ftr-305	168	1	2013	2013	NUM
ftr-305	168	2	]	]	PUNCT
ftr-305	168	3	suppose	suppose	VERB
ftr-305	168	4	firpta	firpta	NOUN
ftr-305	168	5	was	be	AUX
ftr-305	168	6	repealed	repeal	VERB
ftr-305	168	7	9	9	NUM
ftr-305	168	8	underlying	underlie	VERB
ftr-305	168	9	assets	asset	NOUN
ftr-305	168	10	.	.	PUNCT
ftr-305	169	1	gain	gain	VERB
ftr-305	169	2	from	from	ADP
ftr-305	169	3	a	a	DET
ftr-305	169	4	disposition	disposition	NOUN
ftr-305	169	5	of	of	ADP
ftr-305	169	6	shares	share	NOUN
ftr-305	169	7	of	of	ADP
ftr-305	169	8	what	what	PRON
ftr-305	169	9	would	would	AUX
ftr-305	169	10	under	under	ADP
ftr-305	169	11	firpta	firpta	NOUN
ftr-305	169	12	be	be	AUX
ftr-305	169	13	a	a	DET
ftr-305	169	14	usrphc	usrphc	NOUN
ftr-305	169	15	was	be	AUX
ftr-305	169	16	treated	treat	VERB
ftr-305	169	17	no	no	PRON
ftr-305	169	18	differently	differently	ADV
ftr-305	169	19	than	than	ADP
ftr-305	169	20	gain	gain	VERB
ftr-305	169	21	from	from	ADP
ftr-305	169	22	the	the	DET
ftr-305	169	23	sale	sale	NOUN
ftr-305	169	24	of	of	ADP
ftr-305	169	25	shares	share	NOUN
ftr-305	169	26	of	of	ADP
ftr-305	169	27	any	any	DET
ftr-305	169	28	u.s	u.s	PROPN
ftr-305	169	29	.	.	PROPN
ftr-305	169	30	corporation	corporation	NOUN
ftr-305	169	31	.	.	PUNCT
ftr-305	170	1	likewise	likewise	ADV
ftr-305	170	2	,	,	PUNCT
ftr-305	170	3	the	the	DET
ftr-305	170	4	tax	tax	NOUN
ftr-305	170	5	free	free	ADJ
ftr-305	170	6	reorganization	reorganization	NOUN
ftr-305	170	7	and	and	CCONJ
ftr-305	170	8	other	other	ADJ
ftr-305	170	9	nonrecognition	nonrecognition	NOUN
ftr-305	170	10	provisions	provision	NOUN
ftr-305	170	11	of	of	ADP
ftr-305	170	12	the	the	DET
ftr-305	170	13	internal	internal	PROPN
ftr-305	170	14	revenue	revenue	NOUN
ftr-305	170	15	code	code	NOUN
ftr-305	170	16	applied	apply	VERB
ftr-305	170	17	without	without	ADP
ftr-305	170	18	regard	regard	NOUN
ftr-305	170	19	to	to	ADP
ftr-305	170	20	the	the	DET
ftr-305	170	21	nature	nature	NOUN
ftr-305	170	22	of	of	ADP
ftr-305	170	23	the	the	DET
ftr-305	170	24	corporation	corporation	NOUN
ftr-305	170	25	’s	’s	PART
ftr-305	170	26	underlying	underlie	VERB
ftr-305	170	27	assets	asset	NOUN
ftr-305	170	28	.	.	PUNCT
ftr-305	171	1	whether	whether	SCONJ
ftr-305	171	2	gain	gain	NOUN
ftr-305	171	3	from	from	ADP
ftr-305	171	4	the	the	DET
ftr-305	171	5	sale	sale	NOUN
ftr-305	171	6	of	of	ADP
ftr-305	171	7	a	a	DET
ftr-305	171	8	partnership	partnership	NOUN
ftr-305	171	9	interest	interest	NOUN
ftr-305	171	10	was	be	AUX
ftr-305	171	11	taxable	taxable	ADJ
ftr-305	171	12	was	be	AUX
ftr-305	171	13	arguably	arguably	ADV
ftr-305	171	14	unsettled	unsettled	ADJ
ftr-305	171	15	at	at	ADP
ftr-305	171	16	the	the	DET
ftr-305	171	17	time	time	NOUN
ftr-305	171	18	.	.	PUNCT
ftr-305	172	1	some	some	PRON
ftr-305	172	2	took	take	VERB
ftr-305	172	3	the	the	DET
ftr-305	172	4	view	view	NOUN
ftr-305	172	5	that	that	SCONJ
ftr-305	172	6	gain	gain	VERB
ftr-305	172	7	from	from	ADP
ftr-305	172	8	the	the	DET
ftr-305	172	9	sale	sale	NOUN
ftr-305	172	10	of	of	ADP
ftr-305	172	11	a	a	DET
ftr-305	172	12	partnership	partnership	NOUN
ftr-305	172	13	interest	interest	NOUN
ftr-305	172	14	was	be	AUX
ftr-305	172	15	from	from	ADP
ftr-305	172	16	the	the	DET
ftr-305	172	17	sale	sale	NOUN
ftr-305	172	18	of	of	ADP
ftr-305	172	19	personal	personal	ADJ
ftr-305	172	20	property	property	NOUN
ftr-305	172	21	and	and	CCONJ
ftr-305	172	22	was	be	AUX
ftr-305	172	23	sourced	source	VERB
ftr-305	172	24	on	on	ADP
ftr-305	172	25	the	the	DET
ftr-305	172	26	basis	basis	NOUN
ftr-305	172	27	of	of	ADP
ftr-305	172	28	the	the	DET
ftr-305	172	29	title	title	NOUN
ftr-305	172	30	-	-	PUNCT
ftr-305	172	31	passage	passage	NOUN
ftr-305	172	32	rule	rule	NOUN
ftr-305	172	33	which	which	PRON
ftr-305	172	34	then	then	ADV
ftr-305	172	35	applied.24	applied.24	VERB
ftr-305	172	36	whatever	whatever	PRON
ftr-305	172	37	the	the	DET
ftr-305	172	38	merits	merit	NOUN
ftr-305	172	39	of	of	ADP
ftr-305	172	40	that	that	DET
ftr-305	172	41	position	position	NOUN
ftr-305	172	42	then	then	ADV
ftr-305	172	43	,	,	PUNCT
ftr-305	172	44	the	the	DET
ftr-305	172	45	irs	irs	PROPN
ftr-305	172	46	now	now	ADV
ftr-305	172	47	views	view	VERB
ftr-305	172	48	a	a	DET
ftr-305	172	49	partnership	partnership	NOUN
ftr-305	172	50	,	,	PUNCT
ftr-305	172	51	whether	whether	SCONJ
ftr-305	172	52	foreign	foreign	ADJ
ftr-305	172	53	or	or	CCONJ
ftr-305	172	54	domestic	domestic	ADJ
ftr-305	172	55	,	,	PUNCT
ftr-305	172	56	as	as	ADP
ftr-305	172	57	an	an	DET
ftr-305	172	58	aggregate	aggregate	ADJ
ftr-305	172	59	,	,	PUNCT
ftr-305	172	60	not	not	PART
ftr-305	172	61	an	an	DET
ftr-305	172	62	entity	entity	NOUN
ftr-305	172	63	,	,	PUNCT
ftr-305	172	64	for	for	ADP
ftr-305	172	65	the	the	DET
ftr-305	172	66	purpose	purpose	NOUN
ftr-305	172	67	of	of	ADP
ftr-305	172	68	determining	determine	VERB
ftr-305	172	69	the	the	DET
ftr-305	172	70	source	source	NOUN
ftr-305	172	71	of	of	ADP
ftr-305	172	72	a	a	DET
ftr-305	172	73	partner	partner	NOUN
ftr-305	172	74	’s	’s	PART
ftr-305	172	75	income	income	NOUN
ftr-305	172	76	,	,	PUNCT
ftr-305	172	77	and	and	CCONJ
ftr-305	172	78	this	this	PRON
ftr-305	172	79	is	be	AUX
ftr-305	172	80	consistent	consistent	ADJ
ftr-305	172	81	with	with	ADP
ftr-305	172	82	case	case	NOUN
ftr-305	172	83	law.25	law.25	ADJ
ftr-305	172	84	as	as	ADP
ftr-305	172	85	a	a	DET
ftr-305	172	86	consequence	consequence	NOUN
ftr-305	172	87	,	,	PUNCT
ftr-305	172	88	a	a	DET
ftr-305	172	89	foreign	foreign	ADJ
ftr-305	172	90	partner	partner	NOUN
ftr-305	172	91	that	that	PRON
ftr-305	172	92	sells	sell	VERB
ftr-305	172	93	an	an	DET
ftr-305	172	94	interest	interest	NOUN
ftr-305	172	95	in	in	ADP
ftr-305	172	96	a	a	DET
ftr-305	172	97	partnership	partnership	NOUN
ftr-305	172	98	is	be	AUX
ftr-305	172	99	taxed	tax	VERB
ftr-305	172	100	on	on	ADP
ftr-305	172	101	the	the	DET
ftr-305	172	102	partner	partner	NOUN
ftr-305	172	103	’s	’s	PART
ftr-305	172	104	distributive	distributive	ADJ
ftr-305	172	105	share	share	NOUN
ftr-305	172	106	of	of	ADP
ftr-305	172	107	the	the	DET
ftr-305	172	108	unrealized	unrealized	ADJ
ftr-305	172	109	gain	gain	NOUN
ftr-305	172	110	the	the	DET
ftr-305	172	111	partnership	partnership	NOUN
ftr-305	172	112	’s	’s	PART
ftr-305	172	113	assets	asset	NOUN
ftr-305	172	114	that	that	PRON
ftr-305	172	115	are	be	AUX
ftr-305	172	116	effectively	effectively	ADV
ftr-305	172	117	connected	connect	VERB
ftr-305	172	118	with	with	ADP
ftr-305	172	119	a	a	DET
ftr-305	172	120	u.s	u.s	PROPN
ftr-305	172	121	.	.	PROPN
ftr-305	172	122	trade	trade	NOUN
ftr-305	172	123	or	or	CCONJ
ftr-305	172	124	business	business	NOUN
ftr-305	172	125	(	(	PUNCT
ftr-305	172	126	or	or	CCONJ
ftr-305	172	127	attributable	attributable	ADJ
ftr-305	172	128	to	to	ADP
ftr-305	172	129	a	a	DET
ftr-305	172	130	permanent	permanent	ADJ
ftr-305	172	131	establishment	establishment	NOUN
ftr-305	172	132	)	)	PUNCT
ftr-305	172	133	,	,	PUNCT
ftr-305	172	134	whether	whether	SCONJ
ftr-305	172	135	under	under	ADP
ftr-305	172	136	firpta	firpta	NOUN
ftr-305	172	137	or	or	CCONJ
ftr-305	172	138	otherwise	otherwise	ADV
ftr-305	172	139	.	.	PUNCT
ftr-305	173	1	24	24	NUM
ftr-305	173	2	.	.	PUNCT
ftr-305	174	1	see	see	VERB
ftr-305	174	2	arthur	arthur	PROPN
ftr-305	174	3	a.	a.	PROPN
ftr-305	174	4	feder	feder	PROPN
ftr-305	174	5	&	&	CCONJ
ftr-305	174	6	lee	lee	PROPN
ftr-305	174	7	s.	s.	PROPN
ftr-305	174	8	parker	parker	PROPN
ftr-305	174	9	,	,	PUNCT
ftr-305	174	10	the	the	DET
ftr-305	174	11	foreign	foreign	ADJ
ftr-305	174	12	investment	investment	NOUN
ftr-305	174	13	in	in	ADP
ftr-305	174	14	real	real	ADJ
ftr-305	174	15	property	property	NOUN
ftr-305	174	16	tax	tax	NOUN
ftr-305	174	17	act	act	NOUN
ftr-305	174	18	of	of	ADP
ftr-305	174	19	1980	1980	NUM
ftr-305	174	20	,	,	PUNCT
ftr-305	174	21	34	34	NUM
ftr-305	174	22	tax	tax	NOUN
ftr-305	174	23	law	law	NOUN
ftr-305	174	24	.	.	PUNCT
ftr-305	175	1	545	545	NUM
ftr-305	175	2	,	,	PUNCT
ftr-305	175	3	548	548	NUM
ftr-305	175	4	n.18	n.18	X
ftr-305	175	5	(	(	PUNCT
ftr-305	175	6	1981	1981	NUM
ftr-305	175	7	)	)	PUNCT
ftr-305	176	1	[	[	X
ftr-305	176	2	hereinafter	hereinafter	NOUN
ftr-305	176	3	feder	feder	PROPN
ftr-305	176	4	&	&	CCONJ
ftr-305	176	5	parker	parker	PROPN
ftr-305	176	6	,	,	PUNCT
ftr-305	176	7	foreign	foreign	ADJ
ftr-305	176	8	investment	investment	NOUN
ftr-305	176	9	]	]	PUNCT
ftr-305	176	10	.	.	PUNCT
ftr-305	177	1	25	25	NUM
ftr-305	177	2	.	.	PUNCT
ftr-305	177	3	revenue	revenue	NOUN
ftr-305	177	4	ruling	rule	VERB
ftr-305	177	5	91	91	NUM
ftr-305	177	6	-	-	SYM
ftr-305	177	7	32	32	NUM
ftr-305	177	8	,	,	PUNCT
ftr-305	177	9	1991	1991	NUM
ftr-305	177	10	-	-	SYM
ftr-305	177	11	1	1	NUM
ftr-305	177	12	c.b	c.b	PROPN
ftr-305	177	13	.	.	PROPN
ftr-305	177	14	107	107	NUM
ftr-305	177	15	(	(	PUNCT
ftr-305	177	16	which	which	PRON
ftr-305	177	17	may	may	AUX
ftr-305	177	18	have	have	AUX
ftr-305	177	19	been	be	AUX
ftr-305	177	20	inspired	inspire	VERB
ftr-305	177	21	in	in	ADP
ftr-305	177	22	part	part	NOUN
ftr-305	177	23	by	by	ADP
ftr-305	177	24	section	section	NOUN
ftr-305	177	25	897(g	897(g	PROPN
ftr-305	177	26	)	)	PUNCT
ftr-305	177	27	,	,	PUNCT
ftr-305	177	28	although	although	SCONJ
ftr-305	177	29	it	it	PRON
ftr-305	177	30	deals	deal	VERB
ftr-305	177	31	only	only	ADV
ftr-305	177	32	with	with	ADP
ftr-305	177	33	partnership	partnership	NOUN
ftr-305	177	34	property	property	NOUN
ftr-305	177	35	that	that	PRON
ftr-305	177	36	is	be	AUX
ftr-305	177	37	not	not	PART
ftr-305	177	38	an	an	DET
ftr-305	177	39	interest	interest	NOUN
ftr-305	177	40	in	in	ADP
ftr-305	177	41	usrp	usrp	NOUN
ftr-305	177	42	,	,	PUNCT
ftr-305	177	43	leaving	leave	VERB
ftr-305	177	44	interests	interest	NOUN
ftr-305	177	45	in	in	ADP
ftr-305	177	46	usrp	usrp	NOUN
ftr-305	177	47	held	hold	VERB
ftr-305	177	48	by	by	ADP
ftr-305	177	49	a	a	DET
ftr-305	177	50	partnerships	partnership	NOUN
ftr-305	177	51	to	to	ADP
ftr-305	177	52	section	section	NOUN
ftr-305	177	53	897	897	NUM
ftr-305	177	54	)	)	PUNCT
ftr-305	177	55	,	,	PUNCT
ftr-305	177	56	sources	source	VERB
ftr-305	177	57	a	a	DET
ftr-305	177	58	foreign	foreign	ADJ
ftr-305	177	59	partner	partner	NOUN
ftr-305	177	60	’s	’s	PART
ftr-305	177	61	gain	gain	NOUN
ftr-305	177	62	from	from	ADP
ftr-305	177	63	the	the	DET
ftr-305	177	64	sale	sale	NOUN
ftr-305	177	65	of	of	ADP
ftr-305	177	66	an	an	DET
ftr-305	177	67	interest	interest	NOUN
ftr-305	177	68	in	in	ADP
ftr-305	177	69	a	a	DET
ftr-305	177	70	partnership	partnership	NOUN
ftr-305	177	71	,	,	PUNCT
ftr-305	177	72	whether	whether	SCONJ
ftr-305	177	73	u.s	u.s	PROPN
ftr-305	177	74	.	.	PROPN
ftr-305	177	75	or	or	CCONJ
ftr-305	177	76	foreign	foreign	ADJ
ftr-305	177	77	,	,	PUNCT
ftr-305	177	78	on	on	ADP
ftr-305	177	79	the	the	DET
ftr-305	177	80	basis	basis	NOUN
ftr-305	177	81	of	of	ADP
ftr-305	177	82	the	the	DET
ftr-305	177	83	partner	partner	NOUN
ftr-305	177	84	’s	’s	PART
ftr-305	177	85	distributive	distributive	ADJ
ftr-305	177	86	share	share	NOUN
ftr-305	177	87	of	of	ADP
ftr-305	177	88	unrealized	unrealized	ADJ
ftr-305	177	89	gain	gain	NOUN
ftr-305	177	90	or	or	CCONJ
ftr-305	177	91	loss	loss	NOUN
ftr-305	177	92	that	that	PRON
ftr-305	177	93	would	would	AUX
ftr-305	177	94	be	be	AUX
ftr-305	177	95	effectively	effectively	ADV
ftr-305	177	96	connected	connect	VERB
ftr-305	177	97	with	with	ADP
ftr-305	177	98	a	a	DET
ftr-305	177	99	u.s	u.s	PROPN
ftr-305	177	100	.	.	PROPN
ftr-305	177	101	trade	trade	NOUN
ftr-305	177	102	or	or	CCONJ
ftr-305	177	103	business	business	NOUN
ftr-305	177	104	(	(	PUNCT
ftr-305	177	105	or	or	CCONJ
ftr-305	177	106	attributable	attributable	ADJ
ftr-305	177	107	to	to	ADP
ftr-305	177	108	a	a	DET
ftr-305	177	109	united	united	PROPN
ftr-305	177	110	states	states	PROPN
ftr-305	177	111	permanent	permanent	ADJ
ftr-305	177	112	establishment	establishment	NOUN
ftr-305	177	113	)	)	PUNCT
ftr-305	177	114	or	or	CCONJ
ftr-305	177	115	not	not	PART
ftr-305	177	116	.	.	PUNCT
ftr-305	178	1	in	in	ADP
ftr-305	178	2	applying	apply	VERB
ftr-305	178	3	revenue	revenue	NOUN
ftr-305	178	4	ruling	rule	VERB
ftr-305	178	5	91	91	NUM
ftr-305	178	6	-	-	SYM
ftr-305	178	7	32	32	NUM
ftr-305	178	8	,	,	PUNCT
ftr-305	178	9	there	there	PRON
ftr-305	178	10	is	be	VERB
ftr-305	178	11	a	a	DET
ftr-305	178	12	presumption	presumption	NOUN
ftr-305	178	13	that	that	SCONJ
ftr-305	178	14	the	the	DET
ftr-305	178	15	gain	gain	NOUN
ftr-305	178	16	from	from	ADP
ftr-305	178	17	the	the	DET
ftr-305	178	18	sale	sale	NOUN
ftr-305	178	19	of	of	ADP
ftr-305	178	20	an	an	DET
ftr-305	178	21	interest	interest	NOUN
ftr-305	178	22	in	in	ADP
ftr-305	178	23	a	a	DET
ftr-305	178	24	partnership	partnership	NOUN
ftr-305	178	25	that	that	PRON
ftr-305	178	26	is	be	AUX
ftr-305	178	27	engaged	engage	VERB
ftr-305	178	28	in	in	ADP
ftr-305	178	29	a	a	DET
ftr-305	178	30	trade	trade	NOUN
ftr-305	178	31	or	or	CCONJ
ftr-305	178	32	business	business	NOUN
ftr-305	178	33	in	in	ADP
ftr-305	178	34	the	the	DET
ftr-305	178	35	u.s	u.s	PROPN
ftr-305	178	36	.	.	PROPN
ftr-305	178	37	(	(	PUNCT
ftr-305	178	38	or	or	CCONJ
ftr-305	178	39	has	have	AUX
ftr-305	178	40	a	a	DET
ftr-305	178	41	permanent	permanent	ADJ
ftr-305	178	42	establishment	establishment	NOUN
ftr-305	178	43	there	there	ADV
ftr-305	178	44	)	)	PUNCT
ftr-305	178	45	is	be	AUX
ftr-305	178	46	u.s	u.s	PROPN
ftr-305	178	47	.	.	PROPN
ftr-305	178	48	source	source	NOUN
ftr-305	178	49	effectively	effectively	ADV
ftr-305	178	50	connected	connected	ADJ
ftr-305	178	51	income	income	NOUN
ftr-305	178	52	,	,	PUNCT
ftr-305	178	53	but	but	CCONJ
ftr-305	178	54	that	that	SCONJ
ftr-305	178	55	a	a	DET
ftr-305	178	56	loss	loss	NOUN
ftr-305	178	57	from	from	ADP
ftr-305	178	58	the	the	DET
ftr-305	178	59	sale	sale	NOUN
ftr-305	178	60	of	of	ADP
ftr-305	178	61	such	such	DET
ftr-305	178	62	an	an	DET
ftr-305	178	63	interest	interest	NOUN
ftr-305	178	64	is	be	AUX
ftr-305	178	65	foreign	foreign	ADJ
ftr-305	178	66	source	source	NOUN
ftr-305	178	67	and	and	CCONJ
ftr-305	178	68	not	not	PART
ftr-305	178	69	effectively	effectively	ADV
ftr-305	178	70	connected	connect	VERB
ftr-305	178	71	.	.	PUNCT
ftr-305	179	1	i	i	PRON
ftr-305	179	2	d.	d.	PROPN
ftr-305	179	3	see	see	VERB
ftr-305	179	4	also	also	ADV
ftr-305	179	5	tech	tech	NOUN
ftr-305	179	6	.	.	PUNCT
ftr-305	180	1	adv	adv	PROPN
ftr-305	180	2	.	.	PUNCT
ftr-305	180	3	mem	mem	PROPN
ftr-305	180	4	.	.	PROPN
ftr-305	180	5	200811019	200811019	NUM
ftr-305	180	6	(	(	PUNCT
ftr-305	180	7	mar	mar	PROPN
ftr-305	180	8	.	.	PROPN
ftr-305	180	9	14	14	NUM
ftr-305	180	10	,	,	PUNCT
ftr-305	180	11	2008	2008	NUM
ftr-305	180	12	)	)	PUNCT
ftr-305	180	13	(	(	PUNCT
ftr-305	180	14	taking	take	VERB
ftr-305	180	15	an	an	DET
ftr-305	180	16	aggregate	aggregate	ADJ
ftr-305	180	17	approach	approach	NOUN
ftr-305	180	18	to	to	ADP
ftr-305	180	19	the	the	DET
ftr-305	180	20	determination	determination	NOUN
ftr-305	180	21	of	of	ADP
ftr-305	180	22	the	the	DET
ftr-305	180	23	extent	extent	NOUN
ftr-305	180	24	to	to	PART
ftr-305	180	25	which	which	PRON
ftr-305	180	26	a	a	DET
ftr-305	180	27	foreign	foreign	ADJ
ftr-305	180	28	partner	partner	NOUN
ftr-305	180	29	’s	’s	PART
ftr-305	180	30	distributive	distributive	ADJ
ftr-305	180	31	share	share	NOUN
ftr-305	180	32	of	of	ADP
ftr-305	180	33	partnership	partnership	NOUN
ftr-305	180	34	investment	investment	NOUN
ftr-305	180	35	income	income	NOUN
ftr-305	180	36	was	be	AUX
ftr-305	180	37	,	,	PUNCT
ftr-305	180	38	or	or	CCONJ
ftr-305	180	39	was	be	AUX
ftr-305	180	40	not	not	PART
ftr-305	180	41	,	,	PUNCT
ftr-305	180	42	income	income	NOUN
ftr-305	180	43	effectively	effectively	ADV
ftr-305	180	44	connected	connect	VERB
ftr-305	180	45	with	with	ADP
ftr-305	180	46	a	a	DET
ftr-305	180	47	u.s	u.s	PROPN
ftr-305	180	48	.	.	PROPN
ftr-305	180	49	trade	trade	NOUN
ftr-305	180	50	or	or	CCONJ
ftr-305	180	51	business	business	NOUN
ftr-305	180	52	)	)	PUNCT
ftr-305	180	53	.	.	PUNCT
ftr-305	181	1	the	the	DET
ftr-305	181	2	result	result	NOUN
ftr-305	181	3	in	in	ADP
ftr-305	181	4	revenue	revenue	NOUN
ftr-305	181	5	ruling	rule	VERB
ftr-305	181	6	91	91	NUM
ftr-305	181	7	-	-	SYM
ftr-305	181	8	32	32	NUM
ftr-305	181	9	seems	seem	VERB
ftr-305	181	10	entirely	entirely	ADV
ftr-305	181	11	consistent	consistent	ADJ
ftr-305	181	12	with	with	ADP
ftr-305	181	13	cases	case	NOUN
ftr-305	181	14	that	that	PRON
ftr-305	181	15	have	have	AUX
ftr-305	181	16	considered	consider	VERB
ftr-305	181	17	other	other	ADJ
ftr-305	181	18	aspects	aspect	NOUN
ftr-305	181	19	of	of	ADP
ftr-305	181	20	the	the	DET
ftr-305	181	21	treatment	treatment	NOUN
ftr-305	181	22	of	of	ADP
ftr-305	181	23	foreign	foreign	ADJ
ftr-305	181	24	partners	partner	NOUN
ftr-305	181	25	,	,	PUNCT
ftr-305	181	26	such	such	ADJ
ftr-305	181	27	as	as	ADP
ftr-305	181	28	unger	unger	PROPN
ftr-305	181	29	v.	v.	PROPN
ftr-305	181	30	commissioner	commissioner	PROPN
ftr-305	181	31	,	,	PUNCT
ftr-305	181	32	936	936	NUM
ftr-305	181	33	f.2d	f.2d	NUM
ftr-305	181	34	1316	1316	NUM
ftr-305	181	35	(	(	PUNCT
ftr-305	181	36	d.c	d.c	PROPN
ftr-305	181	37	.	.	PROPN
ftr-305	181	38	cir	cir	PROPN
ftr-305	181	39	.	.	PROPN
ftr-305	181	40	1991	1991	NUM
ftr-305	181	41	)	)	PUNCT
ftr-305	181	42	and	and	CCONJ
ftr-305	181	43	donroy	donroy	PROPN
ftr-305	181	44	v.	v.	PROPN
ftr-305	181	45	united	united	PROPN
ftr-305	181	46	states	states	PROPN
ftr-305	181	47	,	,	PUNCT
ftr-305	181	48	301	301	NUM
ftr-305	181	49	f.2d	f.2d	NUM
ftr-305	181	50	200	200	NUM
ftr-305	181	51	(	(	PUNCT
ftr-305	181	52	9th	9th	ADJ
ftr-305	181	53	cir	cir	NOUN
ftr-305	181	54	.	.	PROPN
ftr-305	181	55	1962	1962	NUM
ftr-305	181	56	)	)	PUNCT
ftr-305	181	57	,	,	PUNCT
ftr-305	181	58	but	but	CCONJ
ftr-305	181	59	revenue	revenue	NOUN
ftr-305	181	60	ruling	rule	VERB
ftr-305	181	61	91	91	NUM
ftr-305	181	62	-	-	SYM
ftr-305	181	63	32	32	NUM
ftr-305	181	64	has	have	AUX
ftr-305	181	65	nonetheless	nonetheless	ADV
ftr-305	181	66	been	be	AUX
ftr-305	181	67	criticized	criticize	VERB
ftr-305	181	68	and	and	CCONJ
ftr-305	181	69	doubt	doubt	ADV
ftr-305	181	70	expressed	express	VERB
ftr-305	181	71	as	as	ADP
ftr-305	181	72	to	to	ADP
ftr-305	181	73	whether	whether	SCONJ
ftr-305	181	74	the	the	DET
ftr-305	181	75	ruling	ruling	NOUN
ftr-305	181	76	would	would	AUX
ftr-305	181	77	apply	apply	VERB
ftr-305	181	78	to	to	ADP
ftr-305	181	79	the	the	DET
ftr-305	181	80	sale	sale	NOUN
ftr-305	181	81	of	of	ADP
ftr-305	181	82	an	an	DET
ftr-305	181	83	interest	interest	NOUN
ftr-305	181	84	in	in	ADP
ftr-305	181	85	a	a	DET
ftr-305	181	86	publicly	publicly	ADV
ftr-305	181	87	-	-	PUNCT
ftr-305	181	88	traded	trade	VERB
ftr-305	181	89	partnership	partnership	NOUN
ftr-305	181	90	.	.	PUNCT
ftr-305	182	1	see	see	VERB
ftr-305	182	2	stuart	stuart	PROPN
ftr-305	182	3	e.	e.	PROPN
ftr-305	182	4	leblang	leblang	PROPN
ftr-305	182	5	,	,	PUNCT
ftr-305	182	6	robert	robert	PROPN
ftr-305	182	7	p.	p.	PROPN
ftr-305	182	8	rothman	rothman	PROPN
ftr-305	182	9	&	&	CCONJ
ftr-305	182	10	daniel	daniel	PROPN
ftr-305	182	11	j.	j.	PROPN
ftr-305	182	12	paulos	paulos	PROPN
ftr-305	182	13	,	,	PUNCT
ftr-305	182	14	rationalizing	rationalize	VERB
ftr-305	182	15	inbound	inbound	ADJ
ftr-305	182	16	taxation	taxation	NOUN
ftr-305	182	17	of	of	ADP
ftr-305	182	18	passive	passive	ADJ
ftr-305	182	19	portfolio	portfolio	NOUN
ftr-305	182	20	investments	investment	NOUN
ftr-305	182	21	,	,	PUNCT
ftr-305	182	22	121	121	NUM
ftr-305	182	23	tax	tax	NOUN
ftr-305	182	24	notes	note	NOUN
ftr-305	182	25	693	693	NUM
ftr-305	182	26	,	,	PUNCT
ftr-305	182	27	696	696	NUM
ftr-305	182	28	n.25	n.25	PROPN
ftr-305	182	29	(	(	PUNCT
ftr-305	182	30	nov	nov	PROPN
ftr-305	182	31	.	.	PROPN
ftr-305	182	32	10	10	NUM
ftr-305	182	33	,	,	PUNCT
ftr-305	182	34	2008	2008	NUM
ftr-305	182	35	)	)	PUNCT
ftr-305	183	1	[	[	X
ftr-305	183	2	hereinafter	hereinafter	NOUN
ftr-305	183	3	leblang	leblang	NOUN
ftr-305	183	4	,	,	PUNCT
ftr-305	183	5	rothman	rothman	PROPN
ftr-305	183	6	&	&	CCONJ
ftr-305	183	7	paulos	paulo	NOUN
ftr-305	183	8	,	,	PUNCT
ftr-305	183	9	rationalizing	rationalize	VERB
ftr-305	183	10	]	]	PUNCT
ftr-305	183	11	.	.	PUNCT
ftr-305	184	1	revenue	revenue	NOUN
ftr-305	184	2	ruling	rule	VERB
ftr-305	184	3	91	91	NUM
ftr-305	184	4	-	-	SYM
ftr-305	184	5	32	32	NUM
ftr-305	184	6	is	be	AUX
ftr-305	184	7	also	also	ADV
ftr-305	184	8	consistent	consistent	ADJ
ftr-305	184	9	with	with	ADP
ftr-305	184	10	the	the	DET
ftr-305	184	11	authority	authority	NOUN
ftr-305	184	12	of	of	ADP
ftr-305	184	13	the	the	DET
ftr-305	184	14	irs	irs	PROPN
ftr-305	184	15	under	under	ADP
ftr-305	184	16	regulations	regulation	NOUN
ftr-305	184	17	section	section	NOUN
ftr-305	184	18	1.701	1.701	NUM
ftr-305	184	19	-	-	SYM
ftr-305	184	20	2(e	2(e	NUM
ftr-305	184	21	)	)	PUNCT
ftr-305	184	22	.	.	PUNCT
ftr-305	185	1	10	10	NUM
ftr-305	185	2	florida	florida	PROPN
ftr-305	185	3	tax	tax	NOUN
ftr-305	185	4	review	review	NOUN
ftr-305	186	1	[	[	X
ftr-305	186	2	vol	vol	NOUN
ftr-305	186	3	.	.	PUNCT
ftr-305	187	1	14:1	14:1	NUM
ftr-305	187	2	firpta	firpta	NOUN
ftr-305	187	3	provided	provide	VERB
ftr-305	187	4	a	a	DET
ftr-305	187	5	comprehensive	comprehensive	ADJ
ftr-305	187	6	definition	definition	NOUN
ftr-305	187	7	of	of	ADP
ftr-305	187	8	real	real	ADJ
ftr-305	187	9	property	property	NOUN
ftr-305	187	10	(	(	PUNCT
ftr-305	187	11	land	land	NOUN
ftr-305	187	12	,	,	PUNCT
ftr-305	187	13	buildings	building	NOUN
ftr-305	187	14	and	and	CCONJ
ftr-305	187	15	other	other	ADJ
ftr-305	187	16	improvements	improvement	NOUN
ftr-305	187	17	,	,	PUNCT
ftr-305	187	18	personal	personal	ADJ
ftr-305	187	19	property	property	NOUN
ftr-305	187	20	associated	associate	VERB
ftr-305	187	21	with	with	ADP
ftr-305	187	22	the	the	DET
ftr-305	187	23	use	use	NOUN
ftr-305	187	24	of	of	ADP
ftr-305	187	25	real	real	ADJ
ftr-305	187	26	property	property	NOUN
ftr-305	187	27	,	,	PUNCT
ftr-305	187	28	leaseholds	leasehold	NOUN
ftr-305	187	29	,	,	PUNCT
ftr-305	187	30	and	and	CCONJ
ftr-305	187	31	certain	certain	ADJ
ftr-305	187	32	options	option	NOUN
ftr-305	187	33	)	)	PUNCT
ftr-305	187	34	and	and	CCONJ
ftr-305	187	35	,	,	PUNCT
ftr-305	187	36	separately	separately	ADV
ftr-305	187	37	,	,	PUNCT
ftr-305	187	38	of	of	ADP
ftr-305	187	39	“	"	PUNCT
ftr-305	187	40	interests	interest	NOUN
ftr-305	187	41	”	"	PUNCT
ftr-305	187	42	in	in	ADP
ftr-305	187	43	real	real	ADJ
ftr-305	187	44	property	property	NOUN
ftr-305	187	45	.	.	PUNCT
ftr-305	188	1	broadly	broadly	ADV
ftr-305	188	2	,	,	PUNCT
ftr-305	188	3	“	"	PUNCT
ftr-305	188	4	interests	interest	NOUN
ftr-305	188	5	”	"	PUNCT
ftr-305	188	6	include	include	VERB
ftr-305	188	7	any	any	DET
ftr-305	188	8	interest	interest	NOUN
ftr-305	188	9	other	other	ADJ
ftr-305	188	10	than	than	ADP
ftr-305	188	11	an	an	DET
ftr-305	188	12	interest	interest	NOUN
ftr-305	188	13	solely	solely	ADV
ftr-305	188	14	as	as	ADP
ftr-305	188	15	a	a	DET
ftr-305	188	16	creditor.26	creditor.26	NOUN
ftr-305	188	17	while	while	SCONJ
ftr-305	188	18	many	many	ADJ
ftr-305	188	19	provisions	provision	NOUN
ftr-305	188	20	of	of	ADP
ftr-305	188	21	the	the	DET
ftr-305	188	22	internal	internal	PROPN
ftr-305	188	23	revenue	revenue	NOUN
ftr-305	188	24	code	code	NOUN
ftr-305	188	25	now	now	ADV
ftr-305	188	26	turn	turn	VERB
ftr-305	188	27	on	on	ADP
ftr-305	188	28	what	what	PRON
ftr-305	188	29	is	be	AUX
ftr-305	188	30	or	or	CCONJ
ftr-305	188	31	is	be	AUX
ftr-305	188	32	not	not	PART
ftr-305	188	33	real	real	ADJ
ftr-305	188	34	property	property	NOUN
ftr-305	188	35	,	,	PUNCT
ftr-305	188	36	before	before	SCONJ
ftr-305	188	37	firpta	firpta	NOUN
ftr-305	188	38	there	there	PRON
ftr-305	188	39	was	be	VERB
ftr-305	188	40	much	much	ADV
ftr-305	188	41	less	less	ADJ
ftr-305	188	42	guidance	guidance	NOUN
ftr-305	188	43	for	for	ADP
ftr-305	188	44	purposes	purpose	NOUN
ftr-305	188	45	of	of	ADP
ftr-305	188	46	determining	determine	VERB
ftr-305	188	47	the	the	DET
ftr-305	188	48	source	source	NOUN
ftr-305	188	49	of	of	ADP
ftr-305	188	50	gain	gain	NOUN
ftr-305	188	51	from	from	ADP
ftr-305	188	52	a	a	DET
ftr-305	188	53	sale	sale	NOUN
ftr-305	188	54	or	or	CCONJ
ftr-305	188	55	disposition	disposition	NOUN
ftr-305	188	56	of	of	ADP
ftr-305	188	57	real	real	ADJ
ftr-305	188	58	property;27	property;27	NOUN
ftr-305	188	59	and	and	CCONJ
ftr-305	188	60	there	there	PRON
ftr-305	188	61	was	be	VERB
ftr-305	188	62	no	no	DET
ftr-305	188	63	authority	authority	NOUN
ftr-305	188	64	for	for	ADP
ftr-305	188	65	extending	extend	VERB
ftr-305	188	66	the	the	DET
ftr-305	188	67	definition	definition	NOUN
ftr-305	188	68	for	for	ADP
ftr-305	188	69	purposes	purpose	NOUN
ftr-305	188	70	of	of	ADP
ftr-305	188	71	the	the	DET
ftr-305	188	72	source	source	NOUN
ftr-305	188	73	rules	rule	NOUN
ftr-305	188	74	to	to	ADP
ftr-305	188	75	options	option	NOUN
ftr-305	188	76	on	on	ADP
ftr-305	188	77	real	real	ADJ
ftr-305	188	78	property	property	NOUN
ftr-305	188	79	or	or	CCONJ
ftr-305	188	80	real	real	ADJ
ftr-305	188	81	property	property	NOUN
ftr-305	188	82	based	base	VERB
ftr-305	188	83	rights	right	NOUN
ftr-305	188	84	or	or	CCONJ
ftr-305	188	85	derivatives	derivative	NOUN
ftr-305	188	86	—	—	PUNCT
ftr-305	188	87	that	that	PRON
ftr-305	188	88	is	is	ADV
ftr-305	188	89	,	,	PUNCT
ftr-305	188	90	to	to	ADP
ftr-305	188	91	“	"	PUNCT
ftr-305	188	92	interests	interest	NOUN
ftr-305	188	93	other	other	ADJ
ftr-305	188	94	than	than	ADP
ftr-305	188	95	solely	solely	ADV
ftr-305	188	96	as	as	ADP
ftr-305	188	97	a	a	DET
ftr-305	188	98	creditor	creditor	NOUN
ftr-305	188	99	”	"	PUNCT
ftr-305	188	100	—	—	PUNCT
ftr-305	188	101	or	or	CCONJ
ftr-305	188	102	to	to	ADP
ftr-305	188	103	personal	personal	ADJ
ftr-305	188	104	property	property	NOUN
ftr-305	188	105	associated	associate	VERB
ftr-305	188	106	with	with	ADP
ftr-305	188	107	the	the	DET
ftr-305	188	108	use	use	NOUN
ftr-305	188	109	of	of	ADP
ftr-305	188	110	real	real	ADJ
ftr-305	188	111	property	property	NOUN
ftr-305	188	112	.	.	PUNCT
ftr-305	189	1	b.	b.	PROPN
ftr-305	190	1	why	why	SCONJ
ftr-305	190	2	was	be	AUX
ftr-305	190	3	firpta	firpta	NOUN
ftr-305	190	4	enacted	enact	VERB
ftr-305	190	5	?	?	PUNCT
ftr-305	191	1	firpta	firpta	NOUN
ftr-305	191	2	was	be	AUX
ftr-305	191	3	preceded	precede	VERB
ftr-305	191	4	by	by	ADP
ftr-305	191	5	a	a	DET
ftr-305	191	6	congressionally	congressionally	ADV
ftr-305	191	7	-	-	PUNCT
ftr-305	191	8	mandated	mandate	VERB
ftr-305	191	9	study	study	NOUN
ftr-305	191	10	by	by	ADP
ftr-305	191	11	the	the	DET
ftr-305	191	12	treasury	treasury	PROPN
ftr-305	191	13	department	department	PROPN
ftr-305	191	14	(	(	PUNCT
ftr-305	191	15	hereafter	hereafter	ADV
ftr-305	191	16	,	,	PUNCT
ftr-305	191	17	the	the	DET
ftr-305	191	18	“	"	PUNCT
ftr-305	191	19	treasury	treasury	NOUN
ftr-305	191	20	study	study	NOUN
ftr-305	191	21	”	"	PUNCT
ftr-305	191	22	)	)	PUNCT
ftr-305	191	23	of	of	ADP
ftr-305	191	24	the	the	DET
ftr-305	191	25	taxation	taxation	NOUN
ftr-305	191	26	of	of	ADP
ftr-305	191	27	foreign	foreign	ADJ
ftr-305	191	28	investment	investment	NOUN
ftr-305	191	29	in	in	ADP
ftr-305	191	30	u.s	u.s	PROPN
ftr-305	191	31	.	.	PROPN
ftr-305	191	32	real	real	ADJ
ftr-305	191	33	estate	estate	NOUN
ftr-305	191	34	,	,	PUNCT
ftr-305	191	35	which	which	PRON
ftr-305	191	36	in	in	ADP
ftr-305	191	37	turn	turn	NOUN
ftr-305	191	38	apparently	apparently	ADV
ftr-305	191	39	grew	grow	VERB
ftr-305	191	40	out	out	ADP
ftr-305	191	41	of	of	ADP
ftr-305	191	42	congressional	congressional	ADJ
ftr-305	191	43	concerns	concern	NOUN
ftr-305	191	44	about	about	ADP
ftr-305	191	45	increasing	increase	VERB
ftr-305	191	46	foreign	foreign	ADJ
ftr-305	191	47	ownership	ownership	NOUN
ftr-305	191	48	of	of	ADP
ftr-305	191	49	u.s	u.s	PROPN
ftr-305	191	50	.	.	PROPN
ftr-305	191	51	agricultural	agricultural	ADJ
ftr-305	191	52	or	or	CCONJ
ftr-305	191	53	farm	farm	NOUN
ftr-305	191	54	land.28	land.28	NOUN
ftr-305	191	55	while	while	SCONJ
ftr-305	191	56	the	the	DET
ftr-305	191	57	treasury	treasury	PROPN
ftr-305	191	58	study	study	NOUN
ftr-305	191	59	found	find	VERB
ftr-305	191	60	that	that	SCONJ
ftr-305	191	61	foreign	foreign	ADJ
ftr-305	191	62	26	26	NUM
ftr-305	191	63	.	.	PUNCT
ftr-305	192	1	while	while	SCONJ
ftr-305	192	2	the	the	DET
ftr-305	192	3	words	word	NOUN
ftr-305	192	4	“	"	PUNCT
ftr-305	192	5	any	any	DET
ftr-305	192	6	other	other	ADJ
ftr-305	192	7	interest	interest	NOUN
ftr-305	192	8	(	(	PUNCT
ftr-305	192	9	other	other	ADJ
ftr-305	192	10	than	than	ADP
ftr-305	192	11	an	an	DET
ftr-305	192	12	interest	interest	NOUN
ftr-305	192	13	solely	solely	ADV
ftr-305	192	14	as	as	ADP
ftr-305	192	15	a	a	DET
ftr-305	192	16	creditor	creditor	NOUN
ftr-305	192	17	)	)	PUNCT
ftr-305	192	18	”	"	PUNCT
ftr-305	192	19	are	be	AUX
ftr-305	192	20	used	use	VERB
ftr-305	192	21	in	in	ADP
ftr-305	192	22	section	section	NOUN
ftr-305	192	23	897	897	NUM
ftr-305	192	24	only	only	ADV
ftr-305	192	25	with	with	ADP
ftr-305	192	26	respect	respect	NOUN
ftr-305	192	27	to	to	ADP
ftr-305	192	28	a	a	DET
ftr-305	192	29	usrphc	usrphc	NOUN
ftr-305	192	30	,	,	PUNCT
ftr-305	192	31	the	the	DET
ftr-305	192	32	regulations	regulation	NOUN
ftr-305	192	33	extend	extend	VERB
ftr-305	192	34	the	the	DET
ftr-305	192	35	“	"	PUNCT
ftr-305	192	36	other	other	ADJ
ftr-305	192	37	than	than	ADP
ftr-305	192	38	”	"	PUNCT
ftr-305	192	39	rule	rule	NOUN
ftr-305	192	40	to	to	ADP
ftr-305	192	41	all	all	DET
ftr-305	192	42	interests	interest	NOUN
ftr-305	192	43	in	in	ADP
ftr-305	192	44	real	real	ADJ
ftr-305	192	45	property	property	NOUN
ftr-305	192	46	and	and	CCONJ
ftr-305	192	47	to	to	ADP
ftr-305	192	48	interests	interest	NOUN
ftr-305	192	49	in	in	ADP
ftr-305	192	50	partnerships	partnership	NOUN
ftr-305	192	51	,	,	PUNCT
ftr-305	192	52	trusts	trust	NOUN
ftr-305	192	53	and	and	CCONJ
ftr-305	192	54	estates	estate	NOUN
ftr-305	192	55	.	.	PUNCT
ftr-305	193	1	regs	regs	PROPN
ftr-305	193	2	.	.	PUNCT
ftr-305	194	1	§	§	PROPN
ftr-305	194	2	1.897	1.897	NUM
ftr-305	194	3	-	-	PUNCT
ftr-305	194	4	1(d)(2)(i	1(d)(2)(i	NUM
ftr-305	194	5	)	)	PUNCT
ftr-305	194	6	,	,	PUNCT
ftr-305	194	7	(	(	PUNCT
ftr-305	194	8	d)(3	d)(3	NOUN
ftr-305	194	9	)	)	PUNCT
ftr-305	194	10	.	.	PUNCT
ftr-305	195	1	27	27	NUM
ftr-305	195	2	.	.	PUNCT
ftr-305	195	3	section	section	PROPN
ftr-305	195	4	861(a)(5	861(a)(5	PROPN
ftr-305	195	5	)	)	PUNCT
ftr-305	195	6	simply	simply	ADV
ftr-305	195	7	treated	treat	VERB
ftr-305	195	8	as	as	ADP
ftr-305	195	9	u.s	u.s	PROPN
ftr-305	195	10	.	.	PROPN
ftr-305	195	11	source	source	NOUN
ftr-305	195	12	any	any	DET
ftr-305	195	13	gain	gain	NOUN
ftr-305	195	14	derived	derive	VERB
ftr-305	195	15	from	from	ADP
ftr-305	195	16	the	the	DET
ftr-305	195	17	disposition	disposition	NOUN
ftr-305	195	18	of	of	ADP
ftr-305	195	19	“	"	PUNCT
ftr-305	195	20	real	real	ADJ
ftr-305	195	21	property	property	NOUN
ftr-305	195	22	located	locate	VERB
ftr-305	195	23	in	in	ADP
ftr-305	195	24	the	the	DET
ftr-305	195	25	united	united	PROPN
ftr-305	195	26	states	states	PROPN
ftr-305	195	27	,	,	PUNCT
ftr-305	195	28	”	"	PUNCT
ftr-305	195	29	without	without	ADP
ftr-305	195	30	any	any	DET
ftr-305	195	31	further	further	ADJ
ftr-305	195	32	definition	definition	NOUN
ftr-305	195	33	in	in	ADP
ftr-305	195	34	the	the	DET
ftr-305	195	35	code	code	NOUN
ftr-305	195	36	or	or	CCONJ
ftr-305	195	37	regulations	regulation	NOUN
ftr-305	195	38	.	.	PUNCT
ftr-305	196	1	see	see	VERB
ftr-305	196	2	regs	reg	NOUN
ftr-305	196	3	.	.	PUNCT
ftr-305	197	1	§	§	PROPN
ftr-305	197	2	1.861	1.861	NUM
ftr-305	197	3	-	-	SYM
ftr-305	197	4	6	6	NUM
ftr-305	197	5	;	;	PUNCT
ftr-305	197	6	t.d	t.d	PROPN
ftr-305	197	7	.	.	NOUN
ftr-305	197	8	6258	6258	NUM
ftr-305	197	9	,	,	PUNCT
ftr-305	197	10	1957	1957	NUM
ftr-305	197	11	-	-	SYM
ftr-305	197	12	2	2	NUM
ftr-305	197	13	c.b	c.b	PROPN
ftr-305	197	14	.	.	PROPN
ftr-305	197	15	368	368	NUM
ftr-305	197	16	.	.	PUNCT
ftr-305	198	1	the	the	DET
ftr-305	198	2	few	few	ADJ
ftr-305	198	3	authorities	authority	NOUN
ftr-305	198	4	dealing	deal	VERB
ftr-305	198	5	with	with	ADP
ftr-305	198	6	source	source	NOUN
ftr-305	198	7	looked	look	VERB
ftr-305	198	8	to	to	ADP
ftr-305	198	9	local	local	ADJ
ftr-305	198	10	law	law	NOUN
ftr-305	198	11	definitions	definition	NOUN
ftr-305	198	12	of	of	ADP
ftr-305	198	13	real	real	ADJ
ftr-305	198	14	property	property	NOUN
ftr-305	198	15	.	.	PUNCT
ftr-305	199	1	see	see	VERB
ftr-305	199	2	texas	texas	PROPN
ftr-305	199	3	-	-	PUNCT
ftr-305	199	4	canadian	canadian	PROPN
ftr-305	199	5	oil	oil	PROPN
ftr-305	199	6	corp	corp	PROPN
ftr-305	199	7	.	.	PROPN
ftr-305	200	1	v.	v.	PROPN
ftr-305	200	2	commissioner	commissioner	PROPN
ftr-305	200	3	,	,	PUNCT
ftr-305	200	4	44	44	NUM
ftr-305	200	5	b.t.a	b.t.a	NOUN
ftr-305	200	6	.	.	PROPN
ftr-305	200	7	913	913	NUM
ftr-305	200	8	,	,	PUNCT
ftr-305	200	9	916–18	916–18	NUM
ftr-305	200	10	(	(	PUNCT
ftr-305	200	11	1941	1941	NUM
ftr-305	200	12	)	)	PUNCT
ftr-305	201	1	(	(	PUNCT
ftr-305	201	2	accepting	accept	VERB
ftr-305	201	3	the	the	DET
ftr-305	201	4	irs	irs	PROPN
ftr-305	201	5	’	'	PUNCT
ftr-305	201	6	argument	argument	NOUN
ftr-305	201	7	that	that	SCONJ
ftr-305	201	8	texas	texas	PROPN
ftr-305	201	9	law	law	PROPN
ftr-305	201	10	determined	determine	VERB
ftr-305	201	11	whether	whether	SCONJ
ftr-305	201	12	oil	oil	NOUN
ftr-305	201	13	and	and	CCONJ
ftr-305	201	14	gas	gas	NOUN
ftr-305	201	15	leases	lease	NOUN
ftr-305	201	16	were	be	AUX
ftr-305	201	17	real	real	ADJ
ftr-305	201	18	property	property	NOUN
ftr-305	201	19	and	and	CCONJ
ftr-305	201	20	citing	cite	VERB
ftr-305	201	21	other	other	ADJ
ftr-305	201	22	cases	case	NOUN
ftr-305	201	23	that	that	PRON
ftr-305	201	24	had	have	AUX
ftr-305	201	25	invoked	invoke	VERB
ftr-305	201	26	state	state	NOUN
ftr-305	201	27	law	law	NOUN
ftr-305	201	28	)	)	PUNCT
ftr-305	201	29	.	.	PUNCT
ftr-305	202	1	there	there	PRON
ftr-305	202	2	are	be	VERB
ftr-305	202	3	now	now	ADV
ftr-305	202	4	many	many	ADJ
ftr-305	202	5	other	other	ADJ
ftr-305	202	6	situations	situation	NOUN
ftr-305	202	7	in	in	ADP
ftr-305	202	8	which	which	PRON
ftr-305	202	9	it	it	PRON
ftr-305	202	10	is	be	AUX
ftr-305	202	11	important	important	ADJ
ftr-305	202	12	to	to	PART
ftr-305	202	13	know	know	VERB
ftr-305	202	14	what	what	PRON
ftr-305	202	15	is	be	AUX
ftr-305	202	16	or	or	CCONJ
ftr-305	202	17	is	be	AUX
ftr-305	202	18	not	not	PART
ftr-305	202	19	real	real	ADJ
ftr-305	202	20	property	property	NOUN
ftr-305	202	21	.	.	PUNCT
ftr-305	203	1	these	these	PRON
ftr-305	203	2	include	include	VERB
ftr-305	203	3	the	the	DET
ftr-305	203	4	rules	rule	NOUN
ftr-305	203	5	in	in	ADP
ftr-305	203	6	section	section	NOUN
ftr-305	203	7	856	856	NUM
ftr-305	203	8	with	with	ADP
ftr-305	203	9	respect	respect	NOUN
ftr-305	203	10	to	to	ADP
ftr-305	203	11	reit	reit	NOUN
ftr-305	203	12	qualification	qualification	NOUN
ftr-305	203	13	,	,	PUNCT
ftr-305	203	14	the	the	DET
ftr-305	203	15	rules	rule	NOUN
ftr-305	203	16	in	in	ADP
ftr-305	203	17	section	section	NOUN
ftr-305	203	18	860	860	NUM
ftr-305	203	19	g	g	NOUN
ftr-305	203	20	with	with	ADP
ftr-305	203	21	respect	respect	NOUN
ftr-305	203	22	to	to	ADP
ftr-305	203	23	remic	remic	ADJ
ftr-305	203	24	qualification	qualification	NOUN
ftr-305	203	25	,	,	PUNCT
ftr-305	203	26	the	the	DET
ftr-305	203	27	like	like	ADJ
ftr-305	203	28	-	-	PUNCT
ftr-305	203	29	kind	kind	NOUN
ftr-305	203	30	exchange	exchange	NOUN
ftr-305	203	31	rules	rule	NOUN
ftr-305	203	32	in	in	ADP
ftr-305	203	33	section	section	NOUN
ftr-305	203	34	1031	1031	NUM
ftr-305	203	35	,	,	PUNCT
ftr-305	203	36	the	the	DET
ftr-305	203	37	exception	exception	NOUN
ftr-305	203	38	to	to	ADP
ftr-305	203	39	the	the	DET
ftr-305	203	40	publicly	publicly	ADV
ftr-305	203	41	-	-	PUNCT
ftr-305	203	42	traded	trade	VERB
ftr-305	203	43	partnership	partnership	NOUN
ftr-305	203	44	rules	rule	NOUN
ftr-305	203	45	in	in	ADP
ftr-305	203	46	section	section	NOUN
ftr-305	203	47	7704(d	7704(d	NUM
ftr-305	203	48	)	)	PUNCT
ftr-305	203	49	,	,	PUNCT
ftr-305	203	50	and	and	CCONJ
ftr-305	203	51	the	the	DET
ftr-305	203	52	cost	cost	NOUN
ftr-305	203	53	recovery	recovery	NOUN
ftr-305	203	54	rules	rule	NOUN
ftr-305	203	55	of	of	ADP
ftr-305	203	56	section	section	NOUN
ftr-305	203	57	168	168	NUM
ftr-305	203	58	.	.	PUNCT
ftr-305	204	1	28	28	NUM
ftr-305	204	2	.	.	PUNCT
ftr-305	205	1	united	united	PROPN
ftr-305	205	2	states	states	PROPN
ftr-305	205	3	dep’t	dep’t	PROPN
ftr-305	205	4	of	of	ADP
ftr-305	205	5	the	the	DET
ftr-305	205	6	treasury	treasury	NOUN
ftr-305	205	7	,	,	PUNCT
ftr-305	205	8	taxation	taxation	NOUN
ftr-305	205	9	of	of	ADP
ftr-305	205	10	foreign	foreign	ADJ
ftr-305	205	11	inv	inv	NOUN
ftr-305	205	12	.	.	PUNCT
ftr-305	206	1	in	in	ADP
ftr-305	206	2	u.s	u.s	PROPN
ftr-305	206	3	.	.	PROPN
ftr-305	206	4	real	real	ADJ
ftr-305	206	5	estate	estate	NOUN
ftr-305	206	6	(	(	PUNCT
ftr-305	206	7	1979	1979	NUM
ftr-305	206	8	)	)	PUNCT
ftr-305	207	1	[	[	X
ftr-305	207	2	hereinafter	hereinafter	NOUN
ftr-305	207	3	treasury	treasury	NOUN
ftr-305	207	4	study	study	NOUN
ftr-305	207	5	]	]	PUNCT
ftr-305	207	6	.	.	PUNCT
ftr-305	208	1	see	see	VERB
ftr-305	208	2	also	also	ADV
ftr-305	208	3	staff	staff	NOUN
ftr-305	208	4	of	of	ADP
ftr-305	208	5	the	the	DET
ftr-305	208	6	joint	joint	ADJ
ftr-305	208	7	comm	comm	NOUN
ftr-305	208	8	.	.	PUNCT
ftr-305	209	1	on	on	ADP
ftr-305	209	2	taxation	taxation	NOUN
ftr-305	209	3	,	,	PUNCT
ftr-305	209	4	96th	96th	ADJ
ftr-305	209	5	cong	cong	NOUN
ftr-305	209	6	.	.	PUNCT
ftr-305	209	7	,	,	PUNCT
ftr-305	209	8	description	description	NOUN
ftr-305	209	9	of	of	ADP
ftr-305	209	10	s.	s.	PROPN
ftr-305	209	11	192	192	NUM
ftr-305	209	12	and	and	CCONJ
ftr-305	209	13	s.	s.	PROPN
ftr-305	209	14	208	208	NUM
ftr-305	209	15	relating	relate	VERB
ftr-305	209	16	to	to	ADP
ftr-305	209	17	the	the	DET
ftr-305	209	18	tax	tax	NOUN
ftr-305	209	19	treatment	treatment	NOUN
ftr-305	209	20	of	of	ADP
ftr-305	209	21	foreign	foreign	ADJ
ftr-305	209	22	investment	investment	NOUN
ftr-305	209	23	in	in	ADP
ftr-305	209	24	the	the	DET
ftr-305	209	25	united	united	PROPN
ftr-305	209	26	states	states	PROPN
ftr-305	209	27	(	(	PUNCT
ftr-305	209	28	comm	comm	NOUN
ftr-305	209	29	.	.	PUNCT
ftr-305	210	1	print	print	NOUN
ftr-305	210	2	1979	1979	NUM
ftr-305	210	3	)	)	PUNCT
ftr-305	210	4	,	,	PUNCT
ftr-305	210	5	which	which	PRON
ftr-305	210	6	largely	largely	ADV
ftr-305	210	7	repeats	repeat	VERB
ftr-305	210	8	the	the	DET
ftr-305	210	9	treasury	treasury	PROPN
ftr-305	210	10	study	study	NOUN
ftr-305	210	11	.	.	PUNCT
ftr-305	211	1	the	the	DET
ftr-305	211	2	senate	senate	PROPN
ftr-305	211	3	version	version	NOUN
ftr-305	211	4	of	of	ADP
ftr-305	211	5	the	the	DET
ftr-305	211	6	revenue	revenue	NOUN
ftr-305	211	7	act	act	NOUN
ftr-305	211	8	of	of	ADP
ftr-305	211	9	1978	1978	NUM
ftr-305	211	10	would	would	AUX
ftr-305	211	11	have	have	AUX
ftr-305	211	12	taxed	tax	VERB
ftr-305	211	13	gain	gain	NOUN
ftr-305	211	14	from	from	ADP
ftr-305	211	15	the	the	DET
ftr-305	211	16	sale	sale	NOUN
ftr-305	211	17	of	of	ADP
ftr-305	211	18	agricultural	agricultural	ADJ
ftr-305	211	19	land	land	NOUN
ftr-305	211	20	.	.	PUNCT
ftr-305	212	1	because	because	SCONJ
ftr-305	212	2	the	the	DET
ftr-305	212	3	house	house	NOUN
ftr-305	212	4	or	or	CCONJ
ftr-305	212	5	treasury	treasury	PROPN
ftr-305	212	6	had	have	AUX
ftr-305	212	7	not	not	PART
ftr-305	212	8	considered	consider	VERB
ftr-305	212	9	this	this	PRON
ftr-305	212	10	,	,	PUNCT
ftr-305	212	11	the	the	DET
ftr-305	212	12	conference	conference	NOUN
ftr-305	212	13	committee	committee	NOUN
ftr-305	212	14	did	do	AUX
ftr-305	212	15	not	not	PART
ftr-305	212	16	agree	agree	VERB
ftr-305	212	17	on	on	ADP
ftr-305	212	18	that	that	DET
ftr-305	212	19	provision	provision	NOUN
ftr-305	212	20	and	and	CCONJ
ftr-305	212	21	only	only	ADV
ftr-305	212	22	included	include	VERB
ftr-305	212	23	a	a	DET
ftr-305	212	24	provision	provision	NOUN
ftr-305	212	25	in	in	ADP
ftr-305	212	26	the	the	DET
ftr-305	212	27	final	final	ADJ
ftr-305	212	28	bill	bill	NOUN
ftr-305	212	29	that	that	SCONJ
ftr-305	212	30	2013	2013	NUM
ftr-305	212	31	]	]	PUNCT
ftr-305	212	32	suppose	suppose	VERB
ftr-305	212	33	firpta	firpta	NOUN
ftr-305	212	34	was	be	AUX
ftr-305	212	35	repealed	repeal	VERB
ftr-305	212	36	11	11	NUM
ftr-305	212	37	ownership	ownership	NOUN
ftr-305	212	38	of	of	ADP
ftr-305	212	39	u.s	u.s	PROPN
ftr-305	212	40	.	.	PROPN
ftr-305	212	41	farm	farm	NOUN
ftr-305	212	42	land	land	NOUN
ftr-305	212	43	or	or	CCONJ
ftr-305	212	44	other	other	ADJ
ftr-305	212	45	real	real	ADJ
ftr-305	212	46	property	property	NOUN
ftr-305	212	47	was	be	AUX
ftr-305	212	48	not	not	PART
ftr-305	212	49	significant,29	significant,29	NOUN
ftr-305	212	50	it	it	PRON
ftr-305	212	51	also	also	ADV
ftr-305	212	52	concluded	conclude	VERB
ftr-305	212	53	that	that	SCONJ
ftr-305	212	54	,	,	PUNCT
ftr-305	212	55	while	while	SCONJ
ftr-305	212	56	most	most	ADJ
ftr-305	212	57	foreign	foreign	ADJ
ftr-305	212	58	-	-	PUNCT
ftr-305	212	59	owned	own	VERB
ftr-305	212	60	real	real	ADJ
ftr-305	212	61	estate	estate	NOUN
ftr-305	212	62	was	be	AUX
ftr-305	212	63	used	use	VERB
ftr-305	212	64	in	in	ADP
ftr-305	212	65	a	a	DET
ftr-305	212	66	u.s	u.s	PROPN
ftr-305	212	67	.	.	PROPN
ftr-305	212	68	trade	trade	NOUN
ftr-305	212	69	or	or	CCONJ
ftr-305	212	70	business	business	NOUN
ftr-305	212	71	,	,	PUNCT
ftr-305	212	72	“	"	PUNCT
ftr-305	212	73	foreign	foreign	ADJ
ftr-305	212	74	persons	person	NOUN
ftr-305	212	75	rarely	rarely	ADV
ftr-305	212	76	incur	incur	VERB
ftr-305	212	77	capital	capital	NOUN
ftr-305	212	78	gains	gain	NOUN
ftr-305	212	79	tax	tax	NOUN
ftr-305	212	80	on	on	ADP
ftr-305	212	81	the	the	DET
ftr-305	212	82	disposition	disposition	NOUN
ftr-305	212	83	of	of	ADP
ftr-305	212	84	their	their	PRON
ftr-305	212	85	u.s	u.s	PROPN
ftr-305	212	86	.	.	PROPN
ftr-305	212	87	property	property	NOUN
ftr-305	212	88	holdings,”30	holdings,”30	PROPN
ftr-305	212	89	principally	principally	ADV
ftr-305	212	90	because	because	SCONJ
ftr-305	212	91	of	of	ADP
ftr-305	212	92	the	the	DET
ftr-305	212	93	use	use	NOUN
ftr-305	212	94	of	of	ADP
ftr-305	212	95	a	a	DET
ftr-305	212	96	corporation	corporation	NOUN
ftr-305	212	97	to	to	PART
ftr-305	212	98	own	own	VERB
ftr-305	212	99	the	the	DET
ftr-305	212	100	real	real	ADJ
ftr-305	212	101	property	property	NOUN
ftr-305	212	102	and	and	CCONJ
ftr-305	212	103	the	the	DET
ftr-305	212	104	ability	ability	NOUN
ftr-305	212	105	in	in	ADP
ftr-305	212	106	such	such	DET
ftr-305	212	107	a	a	DET
ftr-305	212	108	case	case	NOUN
ftr-305	212	109	,	,	PUNCT
ftr-305	212	110	before	before	SCONJ
ftr-305	212	111	the	the	DET
ftr-305	212	112	1986	1986	NUM
ftr-305	212	113	repeal	repeal	NOUN
ftr-305	212	114	of	of	ADP
ftr-305	212	115	the	the	DET
ftr-305	212	116	general	general	ADJ
ftr-305	212	117	utilities	utility	NOUN
ftr-305	212	118	doctrine,31	doctrine,31	VERB
ftr-305	212	119	to	to	PART
ftr-305	212	120	provide	provide	VERB
ftr-305	212	121	a	a	DET
ftr-305	212	122	stepped	step	VERB
ftr-305	212	123	-	-	PUNCT
ftr-305	212	124	up	up	ADP
ftr-305	212	125	basis	basis	NOUN
ftr-305	212	126	to	to	ADP
ftr-305	212	127	a	a	DET
ftr-305	212	128	purchaser	purchaser	NOUN
ftr-305	212	129	without	without	ADP
ftr-305	212	130	gain	gain	NOUN
ftr-305	212	131	to	to	ADP
ftr-305	212	132	the	the	DET
ftr-305	212	133	seller	seller	NOUN
ftr-305	212	134	.	.	PUNCT
ftr-305	213	1	and	and	CCONJ
ftr-305	213	2	it	it	PRON
ftr-305	213	3	went	go	VERB
ftr-305	213	4	on	on	ADP
ftr-305	213	5	to	to	PART
ftr-305	213	6	suggest	suggest	VERB
ftr-305	213	7	legislative	legislative	ADJ
ftr-305	213	8	solutions	solution	NOUN
ftr-305	213	9	.	.	PUNCT
ftr-305	214	1	starting	start	VERB
ftr-305	214	2	with	with	ADP
ftr-305	214	3	the	the	DET
ftr-305	214	4	treasury	treasury	PROPN
ftr-305	214	5	study	study	NOUN
ftr-305	214	6	’s	’s	PART
ftr-305	214	7	premise	premise	NOUN
ftr-305	214	8	that	that	SCONJ
ftr-305	214	9	there	there	PRON
ftr-305	214	10	should	should	AUX
ftr-305	214	11	be	be	AUX
ftr-305	214	12	parity	parity	NOUN
ftr-305	214	13	between	between	ADP
ftr-305	214	14	the	the	DET
ftr-305	214	15	tax	tax	NOUN
ftr-305	214	16	treatment	treatment	NOUN
ftr-305	214	17	of	of	ADP
ftr-305	214	18	gain	gain	NOUN
ftr-305	214	19	of	of	ADP
ftr-305	214	20	a	a	DET
ftr-305	214	21	foreign	foreign	ADJ
ftr-305	214	22	and	and	CCONJ
ftr-305	214	23	u.s	u.s	PROPN
ftr-305	214	24	.	.	PROPN
ftr-305	214	25	person	person	NOUN
ftr-305	214	26	from	from	ADP
ftr-305	214	27	the	the	DET
ftr-305	214	28	disposition	disposition	NOUN
ftr-305	214	29	of	of	ADP
ftr-305	214	30	a	a	DET
ftr-305	214	31	business	business	NOUN
ftr-305	214	32	investment	investment	NOUN
ftr-305	214	33	in	in	ADP
ftr-305	214	34	u.s	u.s	PROPN
ftr-305	214	35	.	.	PROPN
ftr-305	214	36	real	real	ADJ
ftr-305	214	37	estate	estate	NOUN
ftr-305	214	38	(	(	PUNCT
ftr-305	214	39	or	or	CCONJ
ftr-305	214	40	“	"	PUNCT
ftr-305	214	41	horizontal	horizontal	ADJ
ftr-305	214	42	”	"	PUNCT
ftr-305	214	43	equity	equity	NOUN
ftr-305	214	44	)	)	PUNCT
ftr-305	214	45	,	,	PUNCT
ftr-305	214	46	since	since	SCONJ
ftr-305	214	47	otherwise	otherwise	ADV
ftr-305	214	48	foreign	foreign	ADJ
ftr-305	214	49	investors	investor	NOUN
ftr-305	214	50	had	have	VERB
ftr-305	214	51	an	an	DET
ftr-305	214	52	unfair	unfair	ADJ
ftr-305	214	53	advantage,32	advantage,32	NOUN
ftr-305	214	54	there	there	PRON
ftr-305	214	55	were	be	VERB
ftr-305	214	56	two	two	NUM
ftr-305	214	57	defects	defect	NOUN
ftr-305	214	58	in	in	ADP
ftr-305	214	59	the	the	DET
ftr-305	214	60	pre	pre	ADJ
ftr-305	214	61	-	-	ADJ
ftr-305	214	62	firpta	firpta	ADJ
ftr-305	214	63	rules	rule	NOUN
ftr-305	214	64	.	.	PUNCT
ftr-305	215	1	first	first	ADV
ftr-305	215	2	,	,	PUNCT
ftr-305	215	3	in	in	ADP
ftr-305	215	4	the	the	DET
ftr-305	215	5	case	case	NOUN
ftr-305	215	6	of	of	ADP
ftr-305	215	7	directlyowned	directlyowne	VERB
ftr-305	215	8	real	real	ADJ
ftr-305	215	9	estate	estate	NOUN
ftr-305	215	10	,	,	PUNCT
ftr-305	215	11	current	current	ADJ
ftr-305	215	12	tax	tax	NOUN
ftr-305	215	13	on	on	ADP
ftr-305	215	14	rent	rent	NOUN
ftr-305	215	15	was	be	AUX
ftr-305	215	16	largely	largely	ADV
ftr-305	215	17	eliminated	eliminate	VERB
ftr-305	215	18	through	through	ADP
ftr-305	215	19	deductions	deduction	NOUN
ftr-305	215	20	for	for	ADP
ftr-305	215	21	interest	interest	NOUN
ftr-305	215	22	,	,	PUNCT
ftr-305	215	23	depreciation	depreciation	NOUN
ftr-305	215	24	and	and	CCONJ
ftr-305	215	25	like	like	ADP
ftr-305	215	26	expenses	expense	NOUN
ftr-305	215	27	but	but	CCONJ
ftr-305	215	28	the	the	DET
ftr-305	215	29	end	end	NOUN
ftr-305	215	30	-	-	PUNCT
ftr-305	215	31	of	of	ADP
ftr-305	215	32	-	-	PUNCT
ftr-305	215	33	the	the	DET
ftr-305	215	34	-	-	PUNCT
ftr-305	215	35	day	day	NOUN
ftr-305	215	36	tax	tax	NOUN
ftr-305	215	37	on	on	ADP
ftr-305	215	38	the	the	DET
ftr-305	215	39	gain	gain	NOUN
ftr-305	215	40	from	from	ADP
ftr-305	215	41	the	the	DET
ftr-305	215	42	later	later	ADJ
ftr-305	215	43	sale	sale	NOUN
ftr-305	215	44	or	or	CCONJ
ftr-305	215	45	other	other	ADJ
ftr-305	215	46	disposition	disposition	NOUN
ftr-305	215	47	could	could	AUX
ftr-305	215	48	be	be	AUX
ftr-305	215	49	avoided	avoid	VERB
ftr-305	215	50	by	by	ADP
ftr-305	215	51	an	an	DET
ftr-305	215	52	installment	installment	NOUN
ftr-305	215	53	sale	sale	NOUN
ftr-305	215	54	in	in	ADP
ftr-305	215	55	which	which	PRON
ftr-305	215	56	most	most	ADJ
ftr-305	215	57	of	of	ADP
ftr-305	215	58	the	the	DET
ftr-305	215	59	gain	gain	NOUN
ftr-305	215	60	was	be	AUX
ftr-305	215	61	deferred	defer	VERB
ftr-305	215	62	to	to	ADP
ftr-305	215	63	years	year	NOUN
ftr-305	215	64	after	after	SCONJ
ftr-305	215	65	the	the	DET
ftr-305	215	66	u.s	u.s	PROPN
ftr-305	215	67	.	.	PROPN
ftr-305	215	68	trade	trade	PROPN
ftr-305	215	69	or	or	CCONJ
ftr-305	215	70	business	business	NOUN
ftr-305	215	71	was	be	AUX
ftr-305	215	72	terminated	terminate	VERB
ftr-305	215	73	or	or	CCONJ
ftr-305	215	74	by	by	ADP
ftr-305	215	75	a	a	DET
ftr-305	215	76	tax	tax	NOUN
ftr-305	215	77	-	-	PUNCT
ftr-305	215	78	free	free	ADJ
ftr-305	215	79	like	like	ADJ
ftr-305	215	80	-	-	PUNCT
ftr-305	215	81	kind	kind	NOUN
ftr-305	215	82	exchange	exchange	NOUN
ftr-305	215	83	of	of	ADP
ftr-305	215	84	u.s	u.s	PROPN
ftr-305	215	85	.	.	PROPN
ftr-305	215	86	for	for	ADP
ftr-305	215	87	foreign	foreign	ADJ
ftr-305	215	88	real	real	ADJ
ftr-305	215	89	property	property	NOUN
ftr-305	215	90	.	.	PUNCT
ftr-305	216	1	second	second	ADJ
ftr-305	216	2	,	,	PUNCT
ftr-305	216	3	in	in	ADP
ftr-305	216	4	the	the	DET
ftr-305	216	5	case	case	NOUN
ftr-305	216	6	of	of	ADP
ftr-305	216	7	real	real	ADJ
ftr-305	216	8	property	property	NOUN
ftr-305	216	9	held	hold	VERB
ftr-305	216	10	by	by	ADP
ftr-305	216	11	a	a	DET
ftr-305	216	12	foreign	foreign	ADJ
ftr-305	216	13	or	or	CCONJ
ftr-305	216	14	u.s	u.s	PROPN
ftr-305	216	15	.	.	PROPN
ftr-305	216	16	corporation	corporation	NOUN
ftr-305	216	17	,	,	PUNCT
ftr-305	216	18	the	the	DET
ftr-305	216	19	corporation	corporation	NOUN
ftr-305	216	20	could	could	AUX
ftr-305	216	21	likewise	likewise	ADV
ftr-305	216	22	deduct	deduct	VERB
ftr-305	216	23	current	current	ADJ
ftr-305	216	24	expenses	expense	NOUN
ftr-305	216	25	and	and	CCONJ
ftr-305	216	26	then	then	ADV
ftr-305	216	27	could	could	AUX
ftr-305	216	28	later	later	ADV
ftr-305	216	29	sell	sell	VERB
ftr-305	216	30	the	the	DET
ftr-305	216	31	real	real	ADJ
ftr-305	216	32	property	property	NOUN
ftr-305	216	33	and	and	CCONJ
ftr-305	216	34	liquidate	liquidate	NOUN
ftr-305	216	35	without	without	ADP
ftr-305	216	36	tax	tax	NOUN
ftr-305	216	37	on	on	ADP
ftr-305	216	38	the	the	DET
ftr-305	216	39	corporation	corporation	NOUN
ftr-305	216	40	or	or	CCONJ
ftr-305	216	41	its	its	PRON
ftr-305	216	42	shareholders	shareholder	NOUN
ftr-305	216	43	(	(	PUNCT
ftr-305	216	44	or	or	CCONJ
ftr-305	216	45	its	its	PRON
ftr-305	216	46	shares	share	NOUN
ftr-305	216	47	could	could	AUX
ftr-305	216	48	be	be	AUX
ftr-305	216	49	acquired	acquire	VERB
ftr-305	216	50	and	and	CCONJ
ftr-305	216	51	then	then	ADV
ftr-305	216	52	it	it	PRON
ftr-305	216	53	could	could	AUX
ftr-305	216	54	be	be	AUX
ftr-305	216	55	liquidated	liquidate	VERB
ftr-305	216	56	with	with	ADP
ftr-305	216	57	the	the	DET
ftr-305	216	58	same	same	ADJ
ftr-305	216	59	result).33	result).33	NOUN
ftr-305	216	60	additionally	additionally	ADV
ftr-305	216	61	,	,	PUNCT
ftr-305	216	62	a	a	DET
ftr-305	216	63	few	few	ADJ
ftr-305	216	64	u.s	u.s	PROPN
ftr-305	216	65	.	.	PROPN
ftr-305	216	66	tax	tax	NOUN
ftr-305	216	67	treaties	treaty	NOUN
ftr-305	216	68	made	make	VERB
ftr-305	216	69	the	the	DET
ftr-305	216	70	election	election	NOUN
ftr-305	216	71	to	to	PART
ftr-305	216	72	treat	treat	VERB
ftr-305	216	73	income	income	NOUN
ftr-305	216	74	from	from	ADP
ftr-305	216	75	real	real	ADJ
ftr-305	216	76	estate	estate	NOUN
ftr-305	216	77	as	as	ADP
ftr-305	216	78	“	"	PUNCT
ftr-305	216	79	effectively	effectively	ADV
ftr-305	216	80	connected	connect	VERB
ftr-305	216	81	”	"	PUNCT
ftr-305	216	82	an	an	DET
ftr-305	216	83	annual	annual	ADJ
ftr-305	216	84	,	,	PUNCT
ftr-305	216	85	rather	rather	ADV
ftr-305	216	86	than	than	ADP
ftr-305	216	87	a	a	DET
ftr-305	216	88	one	one	NUM
ftr-305	216	89	-	-	PUNCT
ftr-305	216	90	time	time	NOUN
ftr-305	216	91	,	,	PUNCT
ftr-305	216	92	election	election	NOUN
ftr-305	216	93	with	with	ADP
ftr-305	216	94	the	the	DET
ftr-305	216	95	consequence	consequence	NOUN
ftr-305	216	96	that	that	SCONJ
ftr-305	216	97	the	the	DET
ftr-305	216	98	election	election	NOUN
ftr-305	216	99	would	would	AUX
ftr-305	216	100	only	only	ADV
ftr-305	216	101	be	be	AUX
ftr-305	216	102	made	make	VERB
ftr-305	216	103	for	for	ADP
ftr-305	216	104	years	year	NOUN
ftr-305	216	105	before	before	ADP
ftr-305	216	106	the	the	DET
ftr-305	216	107	year	year	NOUN
ftr-305	216	108	in	in	ADP
ftr-305	216	109	which	which	PRON
ftr-305	216	110	the	the	DET
ftr-305	216	111	property	property	NOUN
ftr-305	216	112	was	be	AUX
ftr-305	216	113	sold	sell	VERB
ftr-305	216	114	or	or	CCONJ
ftr-305	216	115	disposed	dispose	VERB
ftr-305	216	116	of.34	of.34	NOUN
ftr-305	216	117	hostility	hostility	NOUN
ftr-305	216	118	to	to	ADP
ftr-305	216	119	foreign	foreign	ADJ
ftr-305	216	120	ownership	ownership	NOUN
ftr-305	216	121	of	of	ADP
ftr-305	216	122	real	real	ADJ
ftr-305	216	123	estate	estate	NOUN
ftr-305	216	124	may	may	AUX
ftr-305	216	125	have	have	AUX
ftr-305	216	126	played	play	VERB
ftr-305	216	127	an	an	DET
ftr-305	216	128	important	important	ADJ
ftr-305	216	129	role	role	NOUN
ftr-305	216	130	in	in	ADP
ftr-305	216	131	the	the	DET
ftr-305	216	132	enactment	enactment	NOUN
ftr-305	216	133	of	of	ADP
ftr-305	216	134	firpta	firpta	NOUN
ftr-305	216	135	,	,	PUNCT
ftr-305	216	136	notwithstanding	notwithstanding	ADP
ftr-305	216	137	the	the	DET
ftr-305	216	138	conclusion	conclusion	NOUN
ftr-305	216	139	of	of	ADP
ftr-305	216	140	the	the	DET
ftr-305	216	141	treasury	treasury	NOUN
ftr-305	216	142	study	study	NOUN
ftr-305	216	143	that	that	SCONJ
ftr-305	216	144	foreign	foreign	ADJ
ftr-305	216	145	investment	investment	NOUN
ftr-305	216	146	in	in	ADP
ftr-305	216	147	u.s	u.s	PROPN
ftr-305	216	148	.	.	PROPN
ftr-305	216	149	real	real	ADJ
ftr-305	216	150	estate	estate	NOUN
ftr-305	216	151	was	be	AUX
ftr-305	216	152	not	not	PART
ftr-305	216	153	required	require	VERB
ftr-305	216	154	the	the	DET
ftr-305	216	155	treasury	treasury	PROPN
ftr-305	216	156	study	study	NOUN
ftr-305	216	157	.	.	PUNCT
ftr-305	217	1	see	see	VERB
ftr-305	217	2	michael	michael	PROPN
ftr-305	217	3	knott	knott	PROPN
ftr-305	217	4	,	,	PUNCT
ftr-305	217	5	firpta	firpta	NOUN
ftr-305	217	6	then	then	ADV
ftr-305	217	7	and	and	CCONJ
ftr-305	217	8	now	now	ADV
ftr-305	217	9	:	:	PUNCT
ftr-305	217	10	a	a	DET
ftr-305	217	11	selective	selective	ADJ
ftr-305	217	12	review	review	NOUN
ftr-305	217	13	,	,	PUNCT
ftr-305	217	14	pli	pli	PROPN
ftr-305	217	15	–	–	PUNCT
ftr-305	217	16	the	the	DET
ftr-305	217	17	corporate	corporate	ADJ
ftr-305	217	18	tax	tax	NOUN
ftr-305	217	19	practice	practice	NOUN
ftr-305	217	20	series	series	NOUN
ftr-305	217	21	(	(	PUNCT
ftr-305	217	22	2009	2009	NUM
ftr-305	217	23	)	)	PUNCT
ftr-305	217	24	.	.	PUNCT
ftr-305	218	1	29	29	NUM
ftr-305	218	2	.	.	PUNCT
ftr-305	219	1	it	it	PRON
ftr-305	219	2	was	be	AUX
ftr-305	219	3	less	less	ADJ
ftr-305	219	4	than	than	ADP
ftr-305	219	5	one	one	NUM
ftr-305	219	6	half	half	NOUN
ftr-305	219	7	of	of	ADP
ftr-305	219	8	one	one	NUM
ftr-305	219	9	percent	percent	NOUN
ftr-305	219	10	of	of	ADP
ftr-305	219	11	u.s	u.s	PROPN
ftr-305	219	12	.	.	PROPN
ftr-305	219	13	farmland	farmland	PROPN
ftr-305	219	14	.	.	PUNCT
ftr-305	220	1	the	the	DET
ftr-305	220	2	legislation	legislation	NOUN
ftr-305	220	3	introduced	introduce	VERB
ftr-305	220	4	by	by	ADP
ftr-305	220	5	senator	senator	PROPN
ftr-305	220	6	wallup	wallup	PROPN
ftr-305	220	7	in	in	ADP
ftr-305	220	8	response	response	NOUN
ftr-305	220	9	to	to	ADP
ftr-305	220	10	concerns	concern	NOUN
ftr-305	220	11	about	about	ADP
ftr-305	220	12	foreign	foreign	ADJ
ftr-305	220	13	ownership	ownership	NOUN
ftr-305	220	14	of	of	ADP
ftr-305	220	15	agricultural	agricultural	ADJ
ftr-305	220	16	land	land	NOUN
ftr-305	220	17	would	would	AUX
ftr-305	220	18	have	have	AUX
ftr-305	220	19	affected	affect	VERB
ftr-305	220	20	only	only	ADV
ftr-305	220	21	agricultural	agricultural	ADJ
ftr-305	220	22	land	land	NOUN
ftr-305	220	23	.	.	PUNCT
ftr-305	221	1	treasury	treasury	PROPN
ftr-305	221	2	study	study	PROPN
ftr-305	221	3	,	,	PUNCT
ftr-305	221	4	supra	supra	PROPN
ftr-305	221	5	note	note	PROPN
ftr-305	221	6	28	28	NUM
ftr-305	221	7	,	,	PUNCT
ftr-305	221	8	at	at	ADP
ftr-305	221	9	47	47	NUM
ftr-305	221	10	.	.	PUNCT
ftr-305	222	1	see	see	VERB
ftr-305	222	2	also	also	ADV
ftr-305	222	3	i	i	PROPN
ftr-305	222	4	d.	d.	PROPN
ftr-305	222	5	at	at	ADP
ftr-305	222	6	65	65	NUM
ftr-305	222	7	appendix	appendix	PROPN
ftr-305	222	8	c.	c.	NOUN
ftr-305	222	9	30	30	NUM
ftr-305	222	10	.	.	PUNCT
ftr-305	223	1	see	see	VERB
ftr-305	223	2	i	i	PRON
ftr-305	223	3	d.	d.	PROPN
ftr-305	223	4	at	at	ADP
ftr-305	223	5	1	1	NUM
ftr-305	223	6	.	.	PUNCT
ftr-305	223	7	31	31	NUM
ftr-305	223	8	.	.	PUNCT
ftr-305	224	1	for	for	ADP
ftr-305	224	2	a	a	DET
ftr-305	224	3	discussion	discussion	NOUN
ftr-305	224	4	of	of	ADP
ftr-305	224	5	the	the	DET
ftr-305	224	6	general	general	ADJ
ftr-305	224	7	utilities	utility	NOUN
ftr-305	224	8	doctrine	doctrine	NOUN
ftr-305	224	9	and	and	CCONJ
ftr-305	224	10	its	its	PRON
ftr-305	224	11	1986	1986	NUM
ftr-305	224	12	repeal	repeal	NOUN
ftr-305	224	13	,	,	PUNCT
ftr-305	224	14	see	see	VERB
ftr-305	224	15	boris	boris	PROPN
ftr-305	224	16	i.	i.	PROPN
ftr-305	224	17	bittker	bittker	PROPN
ftr-305	224	18	,	,	PUNCT
ftr-305	224	19	james	james	PROPN
ftr-305	224	20	s.	s.	PROPN
ftr-305	224	21	eustice	eustice	PROPN
ftr-305	224	22	&	&	CCONJ
ftr-305	224	23	john	john	PROPN
ftr-305	224	24	p.	p.	PROPN
ftr-305	224	25	steines	steine	NOUN
ftr-305	224	26	,	,	PUNCT
ftr-305	224	27	jr	jr	PROPN
ftr-305	224	28	.	.	PROPN
ftr-305	224	29	,	,	PUNCT
ftr-305	224	30	federal	federal	ADJ
ftr-305	224	31	income	income	NOUN
ftr-305	224	32	taxation	taxation	NOUN
ftr-305	224	33	of	of	ADP
ftr-305	224	34	corporations	corporation	NOUN
ftr-305	224	35	and	and	CCONJ
ftr-305	224	36	shareholders	shareholder	NOUN
ftr-305	224	37	¶	¶	PROPN
ftr-305	224	38	8.21	8.21	NUM
ftr-305	224	39	(	(	PUNCT
ftr-305	224	40	7th	7th	ADJ
ftr-305	224	41	ed	ed	NOUN
ftr-305	224	42	.	.	PROPN
ftr-305	224	43	2012	2012	NUM
ftr-305	224	44	)	)	PUNCT
ftr-305	224	45	.	.	PUNCT
ftr-305	225	1	32	32	NUM
ftr-305	225	2	.	.	PUNCT
ftr-305	226	1	treasury	treasury	PROPN
ftr-305	226	2	study	study	PROPN
ftr-305	226	3	,	,	PUNCT
ftr-305	226	4	supra	supra	PROPN
ftr-305	226	5	note	note	PROPN
ftr-305	226	6	28	28	NUM
ftr-305	226	7	,	,	PUNCT
ftr-305	226	8	at	at	ADP
ftr-305	226	9	48–52	48–52	PROPN
ftr-305	226	10	(	(	PUNCT
ftr-305	226	11	setting	set	VERB
ftr-305	226	12	out	out	ADP
ftr-305	226	13	the	the	DET
ftr-305	226	14	perceived	perceive	VERB
ftr-305	226	15	advantages	advantage	NOUN
ftr-305	226	16	)	)	PUNCT
ftr-305	226	17	.	.	PUNCT
ftr-305	227	1	33	33	NUM
ftr-305	227	2	.	.	PUNCT
ftr-305	228	1	i	i	PRON
ftr-305	228	2	d.	d.	PROPN
ftr-305	228	3	at	at	ADP
ftr-305	228	4	30–31	30–31	NUM
ftr-305	228	5	,	,	PUNCT
ftr-305	228	6	46	46	NUM
ftr-305	228	7	.	.	PUNCT
ftr-305	229	1	34	34	NUM
ftr-305	229	2	.	.	PUNCT
ftr-305	230	1	i	i	PRON
ftr-305	230	2	d.	d.	PROPN
ftr-305	230	3	at	at	ADP
ftr-305	230	4	31	31	NUM
ftr-305	230	5	.	.	PUNCT
ftr-305	231	1	12	12	NUM
ftr-305	231	2	florida	florida	PROPN
ftr-305	231	3	tax	tax	NOUN
ftr-305	231	4	review	review	NOUN
ftr-305	231	5	[	[	X
ftr-305	231	6	vol	vol	NOUN
ftr-305	231	7	.	.	PUNCT
ftr-305	232	1	14:1	14:1	NUM
ftr-305	232	2	significant.35	significant.35	NOUN
ftr-305	232	3	the	the	DET
ftr-305	232	4	stated	state	VERB
ftr-305	232	5	congressional	congressional	ADJ
ftr-305	232	6	objective	objective	NOUN
ftr-305	232	7	,	,	PUNCT
ftr-305	232	8	however	however	ADV
ftr-305	232	9	,	,	PUNCT
ftr-305	232	10	was	be	AUX
ftr-305	232	11	not	not	PART
ftr-305	232	12	to	to	PART
ftr-305	232	13	deter	deter	VERB
ftr-305	232	14	or	or	CCONJ
ftr-305	232	15	penalize	penalize	VERB
ftr-305	232	16	foreign	foreign	ADJ
ftr-305	232	17	investment	investment	NOUN
ftr-305	232	18	but	but	CCONJ
ftr-305	232	19	simply	simply	ADV
ftr-305	232	20	to	to	PART
ftr-305	232	21	achieve	achieve	VERB
ftr-305	232	22	parity	parity	NOUN
ftr-305	232	23	,	,	PUNCT
ftr-305	232	24	or	or	CCONJ
ftr-305	232	25	“	"	PUNCT
ftr-305	232	26	horizontal	horizontal	ADJ
ftr-305	232	27	equity	equity	NOUN
ftr-305	232	28	,	,	PUNCT
ftr-305	232	29	”	"	PUNCT
ftr-305	232	30	between	between	ADP
ftr-305	232	31	the	the	DET
ftr-305	232	32	tax	tax	NOUN
ftr-305	232	33	treatment	treatment	NOUN
ftr-305	232	34	of	of	ADP
ftr-305	232	35	gain	gain	NOUN
ftr-305	232	36	from	from	ADP
ftr-305	232	37	the	the	DET
ftr-305	232	38	disposition	disposition	NOUN
ftr-305	232	39	of	of	ADP
ftr-305	232	40	a	a	DET
ftr-305	232	41	business	business	NOUN
ftr-305	232	42	investment	investment	NOUN
ftr-305	232	43	in	in	ADP
ftr-305	232	44	real	real	ADJ
ftr-305	232	45	property	property	NOUN
ftr-305	232	46	by	by	ADP
ftr-305	232	47	a	a	DET
ftr-305	232	48	u.s	u.s	PROPN
ftr-305	232	49	.	.	PROPN
ftr-305	232	50	person	person	NOUN
ftr-305	232	51	and	and	CCONJ
ftr-305	232	52	by	by	ADP
ftr-305	232	53	a	a	DET
ftr-305	232	54	foreign	foreign	ADJ
ftr-305	232	55	person	person	NOUN
ftr-305	232	56	.	.	PUNCT
ftr-305	233	1	the	the	DET
ftr-305	233	2	concern	concern	NOUN
ftr-305	233	3	was	be	AUX
ftr-305	233	4	that	that	SCONJ
ftr-305	233	5	foreign	foreign	ADJ
ftr-305	233	6	persons	person	NOUN
ftr-305	233	7	,	,	PUNCT
ftr-305	233	8	while	while	SCONJ
ftr-305	233	9	treating	treat	VERB
ftr-305	233	10	the	the	DET
ftr-305	233	11	income	income	NOUN
ftr-305	233	12	as	as	ADP
ftr-305	233	13	effectively	effectively	ADV
ftr-305	233	14	connected	connect	VERB
ftr-305	233	15	(	(	PUNCT
ftr-305	233	16	and	and	CCONJ
ftr-305	233	17	thus	thus	ADV
ftr-305	233	18	deducting	deduct	VERB
ftr-305	233	19	expenses	expense	NOUN
ftr-305	233	20	,	,	PUNCT
ftr-305	233	21	such	such	ADJ
ftr-305	233	22	as	as	ADP
ftr-305	233	23	depreciation	depreciation	NOUN
ftr-305	233	24	and	and	CCONJ
ftr-305	233	25	interest	interest	NOUN
ftr-305	233	26	)	)	PUNCT
ftr-305	233	27	,	,	PUNCT
ftr-305	233	28	escaped	escape	VERB
ftr-305	233	29	tax	tax	NOUN
ftr-305	233	30	on	on	ADP
ftr-305	233	31	the	the	DET
ftr-305	233	32	sale	sale	NOUN
ftr-305	233	33	or	or	CCONJ
ftr-305	233	34	other	other	ADJ
ftr-305	233	35	disposition	disposition	NOUN
ftr-305	233	36	of	of	ADP
ftr-305	233	37	the	the	DET
ftr-305	233	38	investment.36	investment.36	NOUN
ftr-305	233	39	thus	thus	ADV
ftr-305	233	40	,	,	PUNCT
ftr-305	233	41	the	the	DET
ftr-305	233	42	report	report	NOUN
ftr-305	233	43	of	of	ADP
ftr-305	233	44	the	the	DET
ftr-305	233	45	committee	committee	NOUN
ftr-305	233	46	on	on	ADP
ftr-305	233	47	finance	finance	NOUN
ftr-305	233	48	says	say	VERB
ftr-305	233	49	that	that	SCONJ
ftr-305	233	50	“	"	PUNCT
ftr-305	233	51	the	the	DET
ftr-305	233	52	committee	committee	NOUN
ftr-305	233	53	believes	believe	VERB
ftr-305	233	54	that	that	SCONJ
ftr-305	233	55	it	it	PRON
ftr-305	233	56	is	be	AUX
ftr-305	233	57	essential	essential	ADJ
ftr-305	233	58	to	to	PART
ftr-305	233	59	establish	establish	VERB
ftr-305	233	60	equity	equity	NOUN
ftr-305	233	61	of	of	ADP
ftr-305	233	62	tax	tax	NOUN
ftr-305	233	63	treatment	treatment	NOUN
ftr-305	233	64	in	in	ADP
ftr-305	233	65	u.s	u.s	PROPN
ftr-305	233	66	.	.	PROPN
ftr-305	233	67	real	real	ADJ
ftr-305	233	68	property	property	NOUN
ftr-305	233	69	between	between	ADP
ftr-305	233	70	foreign	foreign	ADJ
ftr-305	233	71	and	and	CCONJ
ftr-305	233	72	domestic	domestic	ADJ
ftr-305	233	73	investors	investor	NOUN
ftr-305	233	74	,	,	PUNCT
ftr-305	233	75	”	"	PUNCT
ftr-305	233	76	and	and	CCONJ
ftr-305	233	77	that	that	SCONJ
ftr-305	233	78	the	the	DET
ftr-305	233	79	united	united	PROPN
ftr-305	233	80	states	states	PROPN
ftr-305	233	81	“	"	PUNCT
ftr-305	233	82	should	should	AUX
ftr-305	233	83	not	not	PART
ftr-305	233	84	continue	continue	VERB
ftr-305	233	85	to	to	PART
ftr-305	233	86	provide	provide	VERB
ftr-305	233	87	an	an	DET
ftr-305	233	88	inducement	inducement	NOUN
ftr-305	233	89	through	through	ADP
ftr-305	233	90	the	the	DET
ftr-305	233	91	tax	tax	NOUN
ftr-305	233	92	laws	law	NOUN
ftr-305	233	93	for	for	ADP
ftr-305	233	94	foreign	foreign	ADJ
ftr-305	233	95	investments	investment	NOUN
ftr-305	233	96	in	in	ADP
ftr-305	233	97	u.s	u.s	PROPN
ftr-305	233	98	.	.	PROPN
ftr-305	233	99	real	real	ADJ
ftr-305	233	100	property	property	NOUN
ftr-305	233	101	which	which	PRON
ftr-305	233	102	affords	afford	VERB
ftr-305	233	103	the	the	DET
ftr-305	233	104	foreign	foreign	ADJ
ftr-305	233	105	investor	investor	NOUN
ftr-305	233	106	a	a	DET
ftr-305	233	107	number	number	NOUN
ftr-305	233	108	of	of	ADP
ftr-305	233	109	mechanisms	mechanism	NOUN
ftr-305	233	110	to	to	PART
ftr-305	233	111	minimize	minimize	VERB
ftr-305	233	112	or	or	CCONJ
ftr-305	233	113	eliminate	eliminate	VERB
ftr-305	233	114	his	his	PRON
ftr-305	233	115	tax	tax	NOUN
ftr-305	233	116	on	on	ADP
ftr-305	233	117	income	income	NOUN
ftr-305	233	118	from	from	ADP
ftr-305	233	119	the	the	DET
ftr-305	233	120	property	property	NOUN
ftr-305	233	121	while	while	SCONJ
ftr-305	233	122	at	at	ADP
ftr-305	233	123	the	the	DET
ftr-305	233	124	same	same	ADJ
ftr-305	233	125	time	time	NOUN
ftr-305	233	126	effectively	effectively	ADV
ftr-305	233	127	exempting	exempt	VERB
ftr-305	233	128	himself	himself	PRON
ftr-305	233	129	from	from	ADP
ftr-305	233	130	u.s	u.s	PROPN
ftr-305	233	131	.	.	PROPN
ftr-305	233	132	tax	tax	NOUN
ftr-305	233	133	on	on	ADP
ftr-305	233	134	the	the	DET
ftr-305	233	135	gain	gain	NOUN
ftr-305	233	136	realized	realize	VERB
ftr-305	233	137	on	on	ADP
ftr-305	233	138	disposition	disposition	NOUN
ftr-305	233	139	of	of	ADP
ftr-305	233	140	the	the	DET
ftr-305	233	141	property	property	NOUN
ftr-305	233	142	.	.	PUNCT
ftr-305	234	1	”37	”37	PROPN
ftr-305	234	2	it	it	PRON
ftr-305	234	3	went	go	VERB
ftr-305	234	4	on	on	ADP
ftr-305	234	5	to	to	PART
ftr-305	234	6	identify	identify	VERB
ftr-305	234	7	“	"	PUNCT
ftr-305	234	8	a	a	DET
ftr-305	234	9	number	number	NOUN
ftr-305	234	10	of	of	ADP
ftr-305	234	11	planning	planning	NOUN
ftr-305	234	12	techniques	technique	NOUN
ftr-305	234	13	.	.	PUNCT
ftr-305	234	14	.	.	PUNCT
ftr-305	234	15	.	.	PUNCT
ftr-305	235	1	[	[	X
ftr-305	235	2	which	which	PRON
ftr-305	235	3	]	]	PUNCT
ftr-305	235	4	offer	offer	VERB
ftr-305	235	5	the	the	DET
ftr-305	235	6	opportunity	opportunity	NOUN
ftr-305	235	7	to	to	PART
ftr-305	235	8	avoid	avoid	VERB
ftr-305	235	9	tax	tax	NOUN
ftr-305	235	10	on	on	ADP
ftr-305	235	11	the	the	DET
ftr-305	235	12	capital	capital	NOUN
ftr-305	235	13	gain	gain	NOUN
ftr-305	235	14	which	which	PRON
ftr-305	235	15	would	would	AUX
ftr-305	235	16	result	result	VERB
ftr-305	235	17	on	on	ADP
ftr-305	235	18	the	the	DET
ftr-305	235	19	sale	sale	NOUN
ftr-305	235	20	of	of	ADP
ftr-305	235	21	.	.	PUNCT
ftr-305	235	22	.	.	PUNCT
ftr-305	235	23	.	.	PUNCT
ftr-305	236	1	property	property	NOUN
ftr-305	236	2	”	"	PUNCT
ftr-305	236	3	by	by	ADP
ftr-305	236	4	a	a	DET
ftr-305	236	5	foreign	foreign	ADJ
ftr-305	236	6	person	person	NOUN
ftr-305	236	7	who	who	PRON
ftr-305	236	8	treated	treat	VERB
ftr-305	236	9	the	the	DET
ftr-305	236	10	current	current	ADJ
ftr-305	236	11	income	income	NOUN
ftr-305	236	12	as	as	SCONJ
ftr-305	236	13	effectively	effectively	ADV
ftr-305	236	14	connected	connect	VERB
ftr-305	236	15	,	,	PUNCT
ftr-305	236	16	and	and	CCONJ
ftr-305	236	17	stated	state	VERB
ftr-305	236	18	that	that	SCONJ
ftr-305	236	19	the	the	DET
ftr-305	236	20	usrphc	usrphc	ADJ
ftr-305	236	21	rules	rule	NOUN
ftr-305	236	22	were	be	AUX
ftr-305	236	23	necessary	necessary	ADJ
ftr-305	236	24	because	because	SCONJ
ftr-305	236	25	“	"	PUNCT
ftr-305	236	26	[	[	X
ftr-305	236	27	o]therwise	o]therwise	PROPN
ftr-305	236	28	,	,	PUNCT
ftr-305	236	29	a	a	DET
ftr-305	236	30	foreign	foreign	ADJ
ftr-305	236	31	investor	investor	NOUN
ftr-305	236	32	could	could	AUX
ftr-305	236	33	,	,	PUNCT
ftr-305	236	34	as	as	ADP
ftr-305	236	35	under	under	ADP
ftr-305	236	36	present	present	ADJ
ftr-305	236	37	law	law	NOUN
ftr-305	236	38	,	,	PUNCT
ftr-305	236	39	avoid	avoid	VERB
ftr-305	236	40	tax	tax	NOUN
ftr-305	236	41	on	on	ADP
ftr-305	236	42	the	the	DET
ftr-305	236	43	gain	gain	NOUN
ftr-305	236	44	by	by	ADP
ftr-305	236	45	.	.	PUNCT
ftr-305	236	46	.	.	PUNCT
ftr-305	236	47	.	.	PUNCT
ftr-305	237	1	disposing	dispose	VERB
ftr-305	237	2	of	of	ADP
ftr-305	237	3	his	his	PRON
ftr-305	237	4	interest	interest	NOUN
ftr-305	237	5	in	in	ADP
ftr-305	237	6	that	that	DET
ftr-305	237	7	entity	entity	NOUN
ftr-305	237	8	rather	rather	ADV
ftr-305	237	9	than	than	ADP
ftr-305	237	10	having	have	VERB
ftr-305	237	11	the	the	DET
ftr-305	237	12	entity	entity	NOUN
ftr-305	237	13	itself	itself	PRON
ftr-305	237	14	sell	sell	VERB
ftr-305	237	15	the	the	DET
ftr-305	237	16	real	real	ADJ
ftr-305	237	17	estate	estate	NOUN
ftr-305	237	18	.	.	PUNCT
ftr-305	238	1	”38	”38	NOUN
ftr-305	238	2	35	35	NUM
ftr-305	238	3	.	.	PUNCT
ftr-305	239	1	see	see	VERB
ftr-305	239	2	kaplan	kaplan	PROPN
ftr-305	239	3	,	,	PUNCT
ftr-305	239	4	creeping	creep	VERB
ftr-305	239	5	xenophonia	xenophonia	NOUN
ftr-305	239	6	,	,	PUNCT
ftr-305	239	7	supra	supra	PROPN
ftr-305	239	8	note	note	NOUN
ftr-305	239	9	3	3	NUM
ftr-305	239	10	,	,	PUNCT
ftr-305	239	11	at	at	ADP
ftr-305	239	12	1128	1128	NUM
ftr-305	239	13	(	(	PUNCT
ftr-305	239	14	“	"	PUNCT
ftr-305	239	15	the	the	DET
ftr-305	239	16	clear	clear	ADJ
ftr-305	239	17	intention	intention	NOUN
ftr-305	239	18	of	of	ADP
ftr-305	239	19	[	[	X
ftr-305	239	20	firpta	firpta	NOUN
ftr-305	239	21	]	]	PUNCT
ftr-305	239	22	,	,	PUNCT
ftr-305	239	23	therefore	therefore	ADV
ftr-305	239	24	,	,	PUNCT
ftr-305	239	25	is	be	AUX
ftr-305	239	26	not	not	PART
ftr-305	239	27	to	to	PART
ftr-305	239	28	eradicate	eradicate	VERB
ftr-305	239	29	inequities	inequity	NOUN
ftr-305	239	30	,	,	PUNCT
ftr-305	239	31	but	but	CCONJ
ftr-305	239	32	rather	rather	ADV
ftr-305	239	33	to	to	PART
ftr-305	239	34	discourage	discourage	VERB
ftr-305	239	35	foreign	foreign	ADJ
ftr-305	239	36	investment	investment	NOUN
ftr-305	239	37	in	in	ADP
ftr-305	239	38	united	united	PROPN
ftr-305	239	39	states	states	PROPN
ftr-305	239	40	real	real	ADJ
ftr-305	239	41	estate	estate	NOUN
ftr-305	239	42	.	.	PUNCT
ftr-305	239	43	.	.	PUNCT
ftr-305	239	44	.	.	PUNCT
ftr-305	240	1	.	.	PUNCT
ftr-305	241	1	[	[	X
ftr-305	241	2	,	,	X
ftr-305	241	3	]	]	X
ftr-305	241	4	manifest[ing	manifest[e	VERB
ftr-305	241	5	]	]	PUNCT
ftr-305	241	6	a	a	DET
ftr-305	241	7	disturbing	disturbing	ADJ
ftr-305	241	8	xenophobia	xenophobia	NOUN
ftr-305	241	9	that	that	PRON
ftr-305	241	10	lacks	lack	VERB
ftr-305	241	11	any	any	DET
ftr-305	241	12	economic	economic	ADJ
ftr-305	241	13	rationale	rationale	NOUN
ftr-305	241	14	or	or	CCONJ
ftr-305	241	15	common	common	ADJ
ftr-305	241	16	sense	sense	NOUN
ftr-305	241	17	foundation	foundation	NOUN
ftr-305	241	18	.	.	PUNCT
ftr-305	241	19	”	"	PUNCT
ftr-305	241	20	)	)	PUNCT
ftr-305	242	1	36	36	NUM
ftr-305	242	2	.	.	PUNCT
ftr-305	243	1	see	see	VERB
ftr-305	243	2	william	william	PROPN
ftr-305	243	3	d.	d.	PROPN
ftr-305	243	4	metzger	metzger	PROPN
ftr-305	243	5	,	,	PUNCT
ftr-305	243	6	foreign	foreign	ADJ
ftr-305	243	7	investors	investor	NOUN
ftr-305	243	8	real	real	ADJ
ftr-305	243	9	property	property	NOUN
ftr-305	243	10	tax	tax	NOUN
ftr-305	243	11	act	act	NOUN
ftr-305	243	12	:	:	PUNCT
ftr-305	243	13	historical	historical	ADJ
ftr-305	243	14	perspective	perspective	NOUN
ftr-305	243	15	and	and	CCONJ
ftr-305	243	16	critical	critical	ADJ
ftr-305	243	17	evaluation	evaluation	NOUN
ftr-305	243	18	,	,	PUNCT
ftr-305	243	19	5	5	NUM
ftr-305	243	20	w.	w.	PROPN
ftr-305	243	21	new	new	PROPN
ftr-305	243	22	eng	eng	PROPN
ftr-305	243	23	.	.	PROPN
ftr-305	243	24	l.	l.	PROPN
ftr-305	243	25	rev	rev	PROPN
ftr-305	243	26	.	.	PROPN
ftr-305	243	27	161	161	NUM
ftr-305	243	28	(	(	PUNCT
ftr-305	243	29	1982	1982	NUM
ftr-305	243	30	)	)	PUNCT
ftr-305	243	31	;	;	PUNCT
ftr-305	243	32	feder	feder	PROPN
ftr-305	243	33	&	&	CCONJ
ftr-305	243	34	parker	parker	PROPN
ftr-305	243	35	,	,	PUNCT
ftr-305	243	36	foreign	foreign	ADJ
ftr-305	243	37	investment	investment	NOUN
ftr-305	243	38	,	,	PUNCT
ftr-305	243	39	supra	supra	PROPN
ftr-305	243	40	note	note	NOUN
ftr-305	243	41	24	24	NUM
ftr-305	243	42	(	(	PUNCT
ftr-305	243	43	discussing	discuss	VERB
ftr-305	243	44	the	the	DET
ftr-305	243	45	background	background	NOUN
ftr-305	243	46	to	to	ADP
ftr-305	243	47	firpta	firpta	NOUN
ftr-305	243	48	)	)	PUNCT
ftr-305	243	49	.	.	PUNCT
ftr-305	244	1	see	see	VERB
ftr-305	244	2	also	also	ADV
ftr-305	244	3	repeal	repeal	NOUN
ftr-305	244	4	of	of	ADP
ftr-305	244	5	the	the	DET
ftr-305	244	6	foreign	foreign	ADJ
ftr-305	244	7	investment	investment	NOUN
ftr-305	244	8	in	in	ADP
ftr-305	244	9	real	real	ADJ
ftr-305	244	10	property	property	NOUN
ftr-305	244	11	tax	tax	NOUN
ftr-305	244	12	act	act	NOUN
ftr-305	244	13	:	:	PUNCT
ftr-305	244	14	hearing	hear	VERB
ftr-305	244	15	before	before	ADP
ftr-305	244	16	the	the	DET
ftr-305	244	17	subcomm	subcomm	NOUN
ftr-305	244	18	.	.	PUNCT
ftr-305	245	1	on	on	ADP
ftr-305	245	2	energy	energy	NOUN
ftr-305	245	3	and	and	CCONJ
ftr-305	245	4	agric	agric	NOUN
ftr-305	245	5	.	.	PUNCT
ftr-305	246	1	taxation	taxation	NOUN
ftr-305	246	2	of	of	ADP
ftr-305	246	3	the	the	DET
ftr-305	246	4	comm	comm	NOUN
ftr-305	246	5	.	.	PUNCT
ftr-305	247	1	on	on	ADP
ftr-305	247	2	fin	fin	PROPN
ftr-305	247	3	.	.	PUNCT
ftr-305	248	1	united	united	PROPN
ftr-305	248	2	states	states	PROPN
ftr-305	248	3	senate	senate	PROPN
ftr-305	248	4	,	,	PUNCT
ftr-305	248	5	98th	98th	ADJ
ftr-305	248	6	cong	cong	NOUN
ftr-305	248	7	.	.	PUNCT
ftr-305	249	1	22	22	NUM
ftr-305	249	2	-	-	SYM
ftr-305	249	3	23	23	NUM
ftr-305	249	4	(	(	PUNCT
ftr-305	249	5	1984	1984	NUM
ftr-305	249	6	)	)	PUNCT
ftr-305	249	7	(	(	PUNCT
ftr-305	249	8	statement	statement	NOUN
ftr-305	249	9	of	of	ADP
ftr-305	249	10	senator	senator	PROPN
ftr-305	249	11	wallup	wallup	PROPN
ftr-305	249	12	on	on	ADP
ftr-305	249	13	the	the	DET
ftr-305	249	14	purpose	purpose	NOUN
ftr-305	249	15	of	of	ADP
ftr-305	249	16	firpta	firpta	NOUN
ftr-305	249	17	)	)	PUNCT
ftr-305	249	18	.	.	PUNCT
ftr-305	250	1	37	37	NUM
ftr-305	250	2	.	.	PUNCT
ftr-305	251	1	s.	s.	PROPN
ftr-305	251	2	rep	rep	PROPN
ftr-305	251	3	.	.	PROPN
ftr-305	252	1	no	no	INTJ
ftr-305	252	2	.	.	NOUN
ftr-305	253	1	96	96	NUM
ftr-305	253	2	-	-	SYM
ftr-305	253	3	504	504	NUM
ftr-305	253	4	,	,	PUNCT
ftr-305	253	5	at	at	ADP
ftr-305	253	6	6	6	NUM
ftr-305	253	7	(	(	PUNCT
ftr-305	253	8	1979	1979	NUM
ftr-305	253	9	)	)	PUNCT
ftr-305	253	10	.	.	PUNCT
ftr-305	254	1	like	like	ADP
ftr-305	254	2	the	the	DET
ftr-305	254	3	treasury	treasury	PROPN
ftr-305	254	4	study	study	NOUN
ftr-305	254	5	,	,	PUNCT
ftr-305	254	6	the	the	DET
ftr-305	254	7	committee	committee	NOUN
ftr-305	254	8	on	on	ADP
ftr-305	254	9	finance	finance	NOUN
ftr-305	254	10	report	report	NOUN
ftr-305	254	11	then	then	ADV
ftr-305	254	12	listed	list	VERB
ftr-305	254	13	(	(	PUNCT
ftr-305	254	14	1	1	X
ftr-305	254	15	)	)	PUNCT
ftr-305	254	16	an	an	DET
ftr-305	254	17	installment	installment	NOUN
ftr-305	254	18	sale	sale	NOUN
ftr-305	254	19	in	in	ADP
ftr-305	254	20	which	which	PRON
ftr-305	254	21	most	most	ADJ
ftr-305	254	22	payments	payment	NOUN
ftr-305	254	23	are	be	AUX
ftr-305	254	24	received	receive	VERB
ftr-305	254	25	after	after	ADP
ftr-305	254	26	the	the	DET
ftr-305	254	27	sale	sale	NOUN
ftr-305	254	28	,	,	PUNCT
ftr-305	254	29	and	and	CCONJ
ftr-305	254	30	thus	thus	ADV
ftr-305	254	31	the	the	DET
ftr-305	254	32	end	end	NOUN
ftr-305	254	33	of	of	ADP
ftr-305	254	34	the	the	DET
ftr-305	254	35	trade	trade	NOUN
ftr-305	254	36	or	or	CCONJ
ftr-305	254	37	business	business	NOUN
ftr-305	254	38	,	,	PUNCT
ftr-305	254	39	occurs	occur	VERB
ftr-305	254	40	;	;	PUNCT
ftr-305	254	41	(	(	PUNCT
ftr-305	254	42	2	2	X
ftr-305	254	43	)	)	PUNCT
ftr-305	254	44	a	a	DET
ftr-305	254	45	like	like	ADJ
ftr-305	254	46	kind	kind	ADJ
ftr-305	254	47	exchange	exchange	NOUN
ftr-305	254	48	of	of	ADP
ftr-305	254	49	the	the	DET
ftr-305	254	50	u.s	u.s	PROPN
ftr-305	254	51	.	.	PROPN
ftr-305	254	52	real	real	ADJ
ftr-305	254	53	property	property	NOUN
ftr-305	254	54	for	for	ADP
ftr-305	254	55	foreign	foreign	ADJ
ftr-305	254	56	real	real	ADJ
ftr-305	254	57	property	property	NOUN
ftr-305	254	58	;	;	PUNCT
ftr-305	254	59	and	and	CCONJ
ftr-305	254	60	(	(	PUNCT
ftr-305	254	61	3	3	X
ftr-305	254	62	)	)	PUNCT
ftr-305	254	63	an	an	DET
ftr-305	254	64	investment	investment	NOUN
ftr-305	254	65	made	make	VERB
ftr-305	254	66	by	by	ADP
ftr-305	254	67	a	a	DET
ftr-305	254	68	leveraged	leverage	VERB
ftr-305	254	69	foreign	foreign	ADJ
ftr-305	254	70	corporation	corporation	NOUN
ftr-305	254	71	that	that	PRON
ftr-305	254	72	is	be	AUX
ftr-305	254	73	entitled	entitle	VERB
ftr-305	254	74	to	to	ADP
ftr-305	254	75	a	a	DET
ftr-305	254	76	reduced	reduce	VERB
ftr-305	254	77	rate	rate	NOUN
ftr-305	254	78	of	of	ADP
ftr-305	254	79	withholding	withholding	NOUN
ftr-305	254	80	tax	tax	NOUN
ftr-305	254	81	on	on	ADP
ftr-305	254	82	dividends	dividend	NOUN
ftr-305	254	83	and	and	CCONJ
ftr-305	254	84	interest	interest	NOUN
ftr-305	254	85	and	and	CCONJ
ftr-305	254	86	then	then	ADV
ftr-305	254	87	,	,	PUNCT
ftr-305	254	88	at	at	ADP
ftr-305	254	89	the	the	DET
ftr-305	254	90	point	point	NOUN
ftr-305	254	91	of	of	ADP
ftr-305	254	92	sale	sale	NOUN
ftr-305	254	93	,	,	PUNCT
ftr-305	254	94	used	use	VERB
ftr-305	254	95	then	then	ADV
ftr-305	254	96	section	section	NOUN
ftr-305	254	97	337	337	NUM
ftr-305	254	98	or	or	CCONJ
ftr-305	254	99	sold	sell	VERB
ftr-305	254	100	to	to	ADP
ftr-305	254	101	a	a	DET
ftr-305	254	102	us	us	PROPN
ftr-305	254	103	corporation	corporation	NOUN
ftr-305	254	104	which	which	PRON
ftr-305	254	105	then	then	ADV
ftr-305	254	106	liquidated	liquidate	VERB
ftr-305	254	107	and	and	CCONJ
ftr-305	254	108	stepped	step	VERB
ftr-305	254	109	up	up	ADP
ftr-305	254	110	the	the	DET
ftr-305	254	111	basis	basis	NOUN
ftr-305	254	112	of	of	ADP
ftr-305	254	113	the	the	DET
ftr-305	254	114	underlying	underlying	ADJ
ftr-305	254	115	real	real	ADJ
ftr-305	254	116	estate	estate	NOUN
ftr-305	254	117	.	.	PUNCT
ftr-305	255	1	i	i	PRON
ftr-305	255	2	d.	d.	PROPN
ftr-305	255	3	at	at	ADP
ftr-305	255	4	4–7	4–7	PROPN
ftr-305	255	5	.	.	PROPN
ftr-305	256	1	38	38	NUM
ftr-305	256	2	.	.	PUNCT
ftr-305	257	1	i	i	PRON
ftr-305	257	2	d.	d.	PROPN
ftr-305	257	3	at	at	ADP
ftr-305	257	4	4	4	NUM
ftr-305	257	5	,	,	PUNCT
ftr-305	257	6	6	6	NUM
ftr-305	257	7	.	.	NOUN
ftr-305	257	8	2013	2013	NUM
ftr-305	257	9	]	]	PUNCT
ftr-305	257	10	suppose	suppose	VERB
ftr-305	257	11	firpta	firpta	NOUN
ftr-305	257	12	was	be	AUX
ftr-305	257	13	repealed	repeal	VERB
ftr-305	257	14	13	13	NUM
ftr-305	257	15	c.	c.	NOUN
ftr-305	257	16	how	how	SCONJ
ftr-305	257	17	did	do	AUX
ftr-305	257	18	firpta	firpta	NOUN
ftr-305	257	19	respond	respond	VERB
ftr-305	257	20	to	to	ADP
ftr-305	257	21	these	these	DET
ftr-305	257	22	issues	issue	NOUN
ftr-305	257	23	?	?	PUNCT
ftr-305	258	1	the	the	DET
ftr-305	258	2	first	first	ADJ
ftr-305	258	3	two	two	NUM
ftr-305	258	4	transactions	transaction	NOUN
ftr-305	258	5	that	that	PRON
ftr-305	258	6	the	the	DET
ftr-305	258	7	treasury	treasury	PROPN
ftr-305	258	8	study	study	NOUN
ftr-305	258	9	and	and	CCONJ
ftr-305	258	10	congress	congress	PROPN
ftr-305	258	11	identified	identify	VERB
ftr-305	258	12	were	be	AUX
ftr-305	258	13	dealt	deal	VERB
ftr-305	258	14	with	with	ADP
ftr-305	258	15	by	by	ADP
ftr-305	258	16	amending	amend	VERB
ftr-305	258	17	the	the	DET
ftr-305	258	18	like	like	ADJ
ftr-305	258	19	kind	kind	NOUN
ftr-305	258	20	exchange	exchange	NOUN
ftr-305	258	21	rules	rule	NOUN
ftr-305	258	22	to	to	PART
ftr-305	258	23	specify	specify	VERB
ftr-305	258	24	that	that	SCONJ
ftr-305	258	25	foreign	foreign	ADJ
ftr-305	258	26	real	real	ADJ
ftr-305	258	27	property	property	NOUN
ftr-305	258	28	is	be	AUX
ftr-305	258	29	not	not	PART
ftr-305	258	30	of	of	ADP
ftr-305	258	31	a	a	DET
ftr-305	258	32	like	like	ADJ
ftr-305	258	33	kind	kind	NOUN
ftr-305	258	34	with	with	ADP
ftr-305	258	35	u.s	u.s	PROPN
ftr-305	258	36	.	.	PROPN
ftr-305	258	37	real	real	ADJ
ftr-305	258	38	property39	property39	NOUN
ftr-305	258	39	and	and	CCONJ
ftr-305	258	40	by	by	ADP
ftr-305	258	41	amending	amend	VERB
ftr-305	258	42	the	the	DET
ftr-305	258	43	“	"	PUNCT
ftr-305	258	44	effectively	effectively	ADV
ftr-305	258	45	connected	connect	VERB
ftr-305	258	46	”	"	PUNCT
ftr-305	258	47	rules	rule	NOUN
ftr-305	258	48	to	to	PART
ftr-305	258	49	specify	specify	VERB
ftr-305	258	50	that	that	PRON
ftr-305	258	51	gain	gain	NOUN
ftr-305	258	52	recognized	recognize	VERB
ftr-305	258	53	in	in	ADP
ftr-305	258	54	a	a	DET
ftr-305	258	55	year	year	NOUN
ftr-305	258	56	after	after	SCONJ
ftr-305	258	57	a	a	DET
ftr-305	258	58	taxpayer	taxpayer	NOUN
ftr-305	258	59	ceases	cease	VERB
ftr-305	258	60	to	to	PART
ftr-305	258	61	have	have	VERB
ftr-305	258	62	a	a	DET
ftr-305	258	63	u.s	u.s	PROPN
ftr-305	258	64	.	.	PROPN
ftr-305	258	65	trade	trade	NOUN
ftr-305	258	66	or	or	CCONJ
ftr-305	258	67	business	business	NOUN
ftr-305	258	68	with	with	ADP
ftr-305	258	69	respect	respect	NOUN
ftr-305	258	70	to	to	ADP
ftr-305	258	71	an	an	DET
ftr-305	258	72	asset	asset	NOUN
ftr-305	258	73	used	use	VERB
ftr-305	258	74	in	in	ADP
ftr-305	258	75	that	that	DET
ftr-305	258	76	business	business	NOUN
ftr-305	258	77	is	be	AUX
ftr-305	258	78	nonetheless	nonetheless	ADV
ftr-305	258	79	“	"	PUNCT
ftr-305	258	80	effectively	effectively	ADV
ftr-305	258	81	connected	connect	VERB
ftr-305	258	82	.	.	PUNCT
ftr-305	259	1	”40	”40	PROPN
ftr-305	259	2	the	the	DET
ftr-305	259	3	third	third	ADJ
ftr-305	259	4	was	be	AUX
ftr-305	259	5	addressed	address	VERB
ftr-305	259	6	by	by	ADP
ftr-305	259	7	the	the	DET
ftr-305	259	8	firpta	firpta	NOUN
ftr-305	259	9	rule	rule	NOUN
ftr-305	259	10	that	that	SCONJ
ftr-305	259	11	taxes	tax	VERB
ftr-305	259	12	dispositions	disposition	NOUN
ftr-305	259	13	of	of	ADP
ftr-305	259	14	interests	interest	NOUN
ftr-305	259	15	in	in	ADP
ftr-305	259	16	usrphcs	usrphcs	PROPN
ftr-305	259	17	.	.	PUNCT
ftr-305	260	1	firpta	firpta	NOUN
ftr-305	260	2	also	also	ADV
ftr-305	260	3	provided	provide	VERB
ftr-305	260	4	for	for	ADP
ftr-305	260	5	gain	gain	NOUN
ftr-305	260	6	recognition	recognition	NOUN
ftr-305	260	7	in	in	ADP
ftr-305	260	8	some	some	DET
ftr-305	260	9	situations	situation	NOUN
ftr-305	260	10	not	not	PART
ftr-305	260	11	specifically	specifically	ADV
ftr-305	260	12	identified	identify	VERB
ftr-305	260	13	by	by	ADP
ftr-305	260	14	the	the	DET
ftr-305	260	15	treasury	treasury	PROPN
ftr-305	260	16	study	study	NOUN
ftr-305	260	17	or	or	CCONJ
ftr-305	260	18	congress	congress	PROPN
ftr-305	260	19	but	but	CCONJ
ftr-305	260	20	consistent	consistent	ADJ
ftr-305	260	21	with	with	ADP
ftr-305	260	22	their	their	PRON
ftr-305	260	23	overall	overall	ADJ
ftr-305	260	24	approach	approach	NOUN
ftr-305	260	25	—	—	PUNCT
ftr-305	260	26	i.e.	i.e.	X
ftr-305	260	27	,	,	PUNCT
ftr-305	260	28	it	it	PRON
ftr-305	260	29	provides	provide	VERB
ftr-305	260	30	that	that	SCONJ
ftr-305	260	31	a	a	DET
ftr-305	260	32	foreign	foreign	ADJ
ftr-305	260	33	corporation	corporation	NOUN
ftr-305	260	34	will	will	AUX
ftr-305	260	35	generally	generally	ADV
ftr-305	260	36	recognize	recognize	VERB
ftr-305	260	37	gain	gain	NOUN
ftr-305	260	38	on	on	ADP
ftr-305	260	39	the	the	DET
ftr-305	260	40	distribution	distribution	NOUN
ftr-305	260	41	of	of	ADP
ftr-305	260	42	an	an	DET
ftr-305	260	43	interest	interest	NOUN
ftr-305	260	44	in	in	ADP
ftr-305	260	45	usrp	usrp	NOUN
ftr-305	260	46	to	to	ADP
ftr-305	260	47	a	a	DET
ftr-305	260	48	foreign	foreign	ADJ
ftr-305	260	49	shareholder41	shareholder41	NOUN
ftr-305	260	50	or	or	CCONJ
ftr-305	260	51	on	on	ADP
ftr-305	260	52	a	a	DET
ftr-305	260	53	capital	capital	NOUN
ftr-305	260	54	contribution	contribution	NOUN
ftr-305	260	55	of	of	ADP
ftr-305	260	56	an	an	DET
ftr-305	260	57	interest	interest	NOUN
ftr-305	260	58	in	in	ADP
ftr-305	260	59	usrp	usrp	NOUN
ftr-305	260	60	to	to	ADP
ftr-305	260	61	a	a	DET
ftr-305	260	62	foreign	foreign	ADJ
ftr-305	260	63	corporation;42	corporation;42	NOUN
ftr-305	260	64	and	and	CCONJ
ftr-305	260	65	it	it	PRON
ftr-305	260	66	also	also	ADV
ftr-305	260	67	provides	provide	VERB
ftr-305	260	68	more	more	ADJ
ftr-305	260	69	general	general	ADJ
ftr-305	260	70	rules	rule	NOUN
ftr-305	260	71	for	for	ADP
ftr-305	260	72	overriding	override	VERB
ftr-305	260	73	non	non	ADJ
ftr-305	260	74	-	-	ADJ
ftr-305	260	75	recognition	recognition	ADJ
ftr-305	260	76	provisions	provision	NOUN
ftr-305	260	77	of	of	ADP
ftr-305	260	78	the	the	DET
ftr-305	260	79	internal	internal	ADJ
ftr-305	260	80	revenue	revenue	NOUN
ftr-305	260	81	code	code	NOUN
ftr-305	260	82	in	in	ADP
ftr-305	260	83	cases	case	NOUN
ftr-305	260	84	where	where	SCONJ
ftr-305	260	85	there	there	PRON
ftr-305	260	86	would	would	AUX
ftr-305	260	87	otherwise	otherwise	ADV
ftr-305	260	88	be	be	AUX
ftr-305	260	89	an	an	DET
ftr-305	260	90	arguable	arguable	ADJ
ftr-305	260	91	avoidance	avoidance	NOUN
ftr-305	260	92	of	of	ADP
ftr-305	260	93	the	the	DET
ftr-305	260	94	firpta	firpta	NOUN
ftr-305	260	95	tax.43	tax.43	NOUN
ftr-305	260	96	under	under	ADP
ftr-305	260	97	firpta	firpta	NOUN
ftr-305	260	98	,	,	PUNCT
ftr-305	260	99	an	an	DET
ftr-305	260	100	interest	interest	NOUN
ftr-305	260	101	in	in	ADP
ftr-305	260	102	a	a	DET
ftr-305	260	103	usrphc	usrphc	NOUN
ftr-305	260	104	is	be	AUX
ftr-305	260	105	any	any	DET
ftr-305	260	106	interest	interest	NOUN
ftr-305	260	107	in	in	ADP
ftr-305	260	108	a	a	DET
ftr-305	260	109	u.s	u.s	PROPN
ftr-305	260	110	.	.	PROPN
ftr-305	260	111	corporation	corporation	NOUN
ftr-305	260	112	other	other	ADJ
ftr-305	260	113	than	than	ADP
ftr-305	260	114	an	an	DET
ftr-305	260	115	interest	interest	NOUN
ftr-305	260	116	“	"	PUNCT
ftr-305	260	117	solely	solely	ADV
ftr-305	260	118	as	as	ADP
ftr-305	260	119	a	a	DET
ftr-305	260	120	creditor	creditor	NOUN
ftr-305	260	121	”	"	PUNCT
ftr-305	260	122	if	if	SCONJ
ftr-305	260	123	at	at	ADP
ftr-305	260	124	the	the	DET
ftr-305	260	125	time	time	NOUN
ftr-305	260	126	of	of	ADP
ftr-305	260	127	disposition	disposition	NOUN
ftr-305	260	128	,	,	PUNCT
ftr-305	260	129	or	or	CCONJ
ftr-305	260	130	in	in	ADP
ftr-305	260	131	the	the	DET
ftr-305	260	132	five	five	NUM
ftr-305	260	133	preceding	precede	VERB
ftr-305	260	134	years	year	NOUN
ftr-305	260	135	,	,	PUNCT
ftr-305	260	136	usrp	usrp	NOUN
ftr-305	260	137	interests	interest	NOUN
ftr-305	260	138	were	be	AUX
ftr-305	260	139	50	50	NUM
ftr-305	260	140	percent	percent	NOUN
ftr-305	260	141	or	or	CCONJ
ftr-305	260	142	more	more	ADJ
ftr-305	260	143	in	in	ADP
ftr-305	260	144	value	value	NOUN
ftr-305	260	145	of	of	ADP
ftr-305	260	146	the	the	DET
ftr-305	260	147	sum	sum	NOUN
ftr-305	260	148	of	of	ADP
ftr-305	260	149	the	the	DET
ftr-305	260	150	corporation	corporation	NOUN
ftr-305	260	151	’s	’s	PART
ftr-305	260	152	interests	interest	NOUN
ftr-305	260	153	in	in	ADP
ftr-305	260	154	real	real	ADJ
ftr-305	260	155	property	property	NOUN
ftr-305	260	156	,	,	PUNCT
ftr-305	260	157	whether	whether	SCONJ
ftr-305	260	158	u.s	u.s	PROPN
ftr-305	260	159	.	.	PROPN
ftr-305	260	160	or	or	CCONJ
ftr-305	260	161	foreign	foreign	ADJ
ftr-305	260	162	,	,	PUNCT
ftr-305	260	163	and	and	CCONJ
ftr-305	260	164	its	its	PRON
ftr-305	260	165	assets	asset	NOUN
ftr-305	260	166	used	use	VERB
ftr-305	260	167	in	in	ADP
ftr-305	260	168	a	a	DET
ftr-305	260	169	trade	trade	NOUN
ftr-305	260	170	or	or	CCONJ
ftr-305	260	171	business.44	business.44	NOUN
ftr-305	260	172	interests	interest	NOUN
ftr-305	260	173	“	"	PUNCT
ftr-305	260	174	solely	solely	ADV
ftr-305	260	175	as	as	ADP
ftr-305	260	176	a	a	DET
ftr-305	260	177	creditor	creditor	NOUN
ftr-305	260	178	”	"	PUNCT
ftr-305	260	179	do	do	AUX
ftr-305	260	180	not	not	PART
ftr-305	260	181	include	include	VERB
ftr-305	260	182	obligations	obligation	NOUN
ftr-305	260	183	that	that	PRON
ftr-305	260	184	share	share	VERB
ftr-305	260	185	,	,	PUNCT
ftr-305	260	186	directly	directly	ADV
ftr-305	260	187	or	or	CCONJ
ftr-305	260	188	indirectly	indirectly	ADV
ftr-305	260	189	(	(	PUNCT
ftr-305	260	190	e.g.	e.g.	ADV
ftr-305	260	191	,	,	PUNCT
ftr-305	260	192	through	through	ADP
ftr-305	260	193	interest	interest	NOUN
ftr-305	260	194	indexed	index	VERB
ftr-305	260	195	to	to	ADP
ftr-305	260	196	real	real	ADJ
ftr-305	260	197	property	property	NOUN
ftr-305	260	198	values	value	NOUN
ftr-305	260	199	)	)	PUNCT
ftr-305	260	200	,	,	PUNCT
ftr-305	260	201	in	in	ADP
ftr-305	260	202	the	the	DET
ftr-305	260	203	appreciation	appreciation	NOUN
ftr-305	260	204	or	or	CCONJ
ftr-305	260	205	income	income	NOUN
ftr-305	260	206	from	from	ADP
ftr-305	260	207	real	real	ADJ
ftr-305	260	208	property.45	property.45	NOUN
ftr-305	260	209	the	the	DET
ftr-305	260	210	interests	interest	NOUN
ftr-305	260	211	in	in	ADP
ftr-305	260	212	real	real	ADJ
ftr-305	260	213	property	property	NOUN
ftr-305	260	214	of	of	ADP
ftr-305	260	215	a	a	DET
ftr-305	260	216	u.s	u.s	PROPN
ftr-305	260	217	.	.	PROPN
ftr-305	260	218	corporation	corporation	NOUN
ftr-305	260	219	are	be	AUX
ftr-305	260	220	determined	determine	VERB
ftr-305	260	221	by	by	ADP
ftr-305	260	222	looking	look	VERB
ftr-305	260	223	through	through	ADP
ftr-305	260	224	partnerships	partnership	NOUN
ftr-305	260	225	and	and	CCONJ
ftr-305	260	226	39	39	NUM
ftr-305	260	227	.	.	PUNCT
ftr-305	261	1	i.r.c	i.r.c	NOUN
ftr-305	261	2	.	.	PUNCT
ftr-305	262	1	§	§	PROPN
ftr-305	262	2	1031(h	1031(h	NUM
ftr-305	262	3	)	)	PUNCT
ftr-305	262	4	(	(	PUNCT
ftr-305	262	5	which	which	PRON
ftr-305	262	6	also	also	ADV
ftr-305	262	7	provides	provide	VERB
ftr-305	262	8	that	that	SCONJ
ftr-305	262	9	personal	personal	ADJ
ftr-305	262	10	property	property	NOUN
ftr-305	262	11	predominantly	predominantly	ADV
ftr-305	262	12	used	use	VERB
ftr-305	262	13	within	within	ADP
ftr-305	262	14	the	the	DET
ftr-305	262	15	united	united	PROPN
ftr-305	262	16	states	states	PROPN
ftr-305	262	17	is	be	AUX
ftr-305	262	18	not	not	PART
ftr-305	262	19	of	of	ADP
ftr-305	262	20	a	a	DET
ftr-305	262	21	like	like	ADJ
ftr-305	262	22	kind	kind	NOUN
ftr-305	262	23	with	with	ADP
ftr-305	262	24	personal	personal	ADJ
ftr-305	262	25	property	property	NOUN
ftr-305	262	26	predominantly	predominantly	ADV
ftr-305	262	27	used	use	VERB
ftr-305	262	28	outside	outside	ADP
ftr-305	262	29	the	the	DET
ftr-305	262	30	united	united	PROPN
ftr-305	262	31	states	states	PROPN
ftr-305	262	32	,	,	PUNCT
ftr-305	262	33	and	and	CCONJ
ftr-305	262	34	section	section	NOUN
ftr-305	262	35	897(e	897(e	PROPN
ftr-305	262	36	)	)	PUNCT
ftr-305	262	37	which	which	PRON
ftr-305	262	38	denies	deny	VERB
ftr-305	262	39	nonrecognition	nonrecognition	NOUN
ftr-305	262	40	of	of	ADP
ftr-305	262	41	gain	gain	NOUN
ftr-305	262	42	or	or	CCONJ
ftr-305	262	43	loss	loss	NOUN
ftr-305	262	44	for	for	ADP
ftr-305	262	45	an	an	DET
ftr-305	262	46	exchange	exchange	NOUN
ftr-305	262	47	of	of	ADP
ftr-305	262	48	an	an	DET
ftr-305	262	49	interest	interest	NOUN
ftr-305	262	50	is	be	AUX
ftr-305	262	51	usrp	usrp	NOUN
ftr-305	262	52	for	for	ADP
ftr-305	262	53	property	property	NOUN
ftr-305	262	54	whose	whose	DET
ftr-305	262	55	disposition	disposition	NOUN
ftr-305	262	56	would	would	AUX
ftr-305	262	57	not	not	PART
ftr-305	262	58	be	be	AUX
ftr-305	262	59	subject	subject	ADJ
ftr-305	262	60	to	to	ADP
ftr-305	262	61	tax	tax	NOUN
ftr-305	262	62	)	)	PUNCT
ftr-305	262	63	40	40	NUM
ftr-305	262	64	.	.	PUNCT
ftr-305	262	65	i.r.c	i.r.c	NOUN
ftr-305	262	66	.	.	PUNCT
ftr-305	263	1	§	§	PROPN
ftr-305	263	2	864(c)(6)–(7	864(c)(6)–(7	NUM
ftr-305	263	3	)	)	PUNCT
ftr-305	263	4	.	.	PUNCT
ftr-305	264	1	41	41	NUM
ftr-305	264	2	.	.	PUNCT
ftr-305	264	3	i.r.c	i.r.c	NOUN
ftr-305	264	4	.	.	PUNCT
ftr-305	265	1	§	§	PROPN
ftr-305	265	2	897(d	897(d	PROPN
ftr-305	265	3	)	)	PUNCT
ftr-305	265	4	.	.	PUNCT
ftr-305	266	1	42	42	NUM
ftr-305	266	2	.	.	PUNCT
ftr-305	266	3	i.r.c	i.r.c	PROPN
ftr-305	266	4	.	.	PUNCT
ftr-305	267	1	§	§	PROPN
ftr-305	267	2	897(j	897(j	PROPN
ftr-305	267	3	)	)	PUNCT
ftr-305	267	4	.	.	PUNCT
ftr-305	268	1	43	43	NUM
ftr-305	268	2	.	.	PUNCT
ftr-305	268	3	i.r.c	i.r.c	NOUN
ftr-305	268	4	.	.	PUNCT
ftr-305	269	1	§	§	PROPN
ftr-305	269	2	897(e	897(e	PROPN
ftr-305	269	3	)	)	PUNCT
ftr-305	269	4	.	.	PUNCT
ftr-305	270	1	there	there	PRON
ftr-305	270	2	were	be	VERB
ftr-305	270	3	a	a	DET
ftr-305	270	4	number	number	NOUN
ftr-305	270	5	of	of	ADP
ftr-305	270	6	different	different	ADJ
ftr-305	270	7	legislative	legislative	ADJ
ftr-305	270	8	proposals	proposal	NOUN
ftr-305	270	9	before	before	ADP
ftr-305	270	10	firpta	firpta	NOUN
ftr-305	270	11	,	,	PUNCT
ftr-305	270	12	with	with	ADP
ftr-305	270	13	differences	difference	NOUN
ftr-305	270	14	including	include	VERB
ftr-305	270	15	enforcement	enforcement	NOUN
ftr-305	270	16	by	by	ADP
ftr-305	270	17	withholding	withhold	VERB
ftr-305	270	18	as	as	SCONJ
ftr-305	270	19	opposed	oppose	VERB
ftr-305	270	20	to	to	ADP
ftr-305	270	21	information	information	NOUN
ftr-305	270	22	reporting	reporting	NOUN
ftr-305	270	23	;	;	PUNCT
ftr-305	270	24	a	a	DET
ftr-305	270	25	narrow	narrow	ADJ
ftr-305	270	26	focus	focus	NOUN
ftr-305	270	27	on	on	ADP
ftr-305	270	28	transactions	transaction	NOUN
ftr-305	270	29	identified	identify	VERB
ftr-305	270	30	as	as	ADP
ftr-305	270	31	involving	involve	VERB
ftr-305	270	32	tax	tax	NOUN
ftr-305	270	33	avoidance	avoidance	NOUN
ftr-305	270	34	as	as	SCONJ
ftr-305	270	35	opposed	oppose	VERB
ftr-305	270	36	to	to	ADP
ftr-305	270	37	a	a	DET
ftr-305	270	38	broader	broad	ADJ
ftr-305	270	39	proposal	proposal	NOUN
ftr-305	270	40	to	to	PART
ftr-305	270	41	tax	tax	VERB
ftr-305	270	42	all	all	DET
ftr-305	270	43	gains	gain	NOUN
ftr-305	270	44	from	from	ADP
ftr-305	270	45	dispositions	disposition	NOUN
ftr-305	270	46	of	of	ADP
ftr-305	270	47	usrpis	usrpis	NOUN
ftr-305	270	48	;	;	PUNCT
ftr-305	270	49	and	and	CCONJ
ftr-305	270	50	a	a	DET
ftr-305	270	51	proposal	proposal	NOUN
ftr-305	270	52	to	to	PART
ftr-305	270	53	tax	tax	VERB
ftr-305	270	54	sales	sale	NOUN
ftr-305	270	55	of	of	ADP
ftr-305	270	56	shares	share	NOUN
ftr-305	270	57	of	of	ADP
ftr-305	270	58	foreign	foreign	ADJ
ftr-305	270	59	corporations	corporation	NOUN
ftr-305	270	60	investing	invest	VERB
ftr-305	270	61	in	in	ADP
ftr-305	270	62	usrp	usrp	NOUN
ftr-305	270	63	as	as	ADV
ftr-305	270	64	well	well	ADV
ftr-305	270	65	as	as	ADP
ftr-305	270	66	u.s	u.s	PROPN
ftr-305	270	67	.	.	PROPN
ftr-305	270	68	corporations	corporation	NOUN
ftr-305	270	69	.	.	PUNCT
ftr-305	271	1	see	see	VERB
ftr-305	271	2	feder	feder	PROPN
ftr-305	271	3	&	&	CCONJ
ftr-305	271	4	parker	parker	PROPN
ftr-305	271	5	,	,	PUNCT
ftr-305	271	6	foreign	foreign	ADJ
ftr-305	271	7	investment	investment	NOUN
ftr-305	271	8	,	,	PUNCT
ftr-305	271	9	supra	supra	PROPN
ftr-305	271	10	note	note	NOUN
ftr-305	271	11	24	24	NUM
ftr-305	271	12	,	,	PUNCT
ftr-305	271	13	at	at	ADP
ftr-305	271	14	547–49	547–49	NUM
ftr-305	271	15	.	.	PUNCT
ftr-305	272	1	44	44	NUM
ftr-305	272	2	.	.	PUNCT
ftr-305	272	3	i.r.c	i.r.c	NOUN
ftr-305	272	4	.	.	PUNCT
ftr-305	273	1	§	§	PROPN
ftr-305	273	2	897(c)(1)(a)(ii	897(c)(1)(a)(ii	PROPN
ftr-305	273	3	)	)	PUNCT
ftr-305	273	4	,	,	PUNCT
ftr-305	273	5	(	(	PUNCT
ftr-305	273	6	c)(2	c)(2	NOUN
ftr-305	273	7	)	)	PUNCT
ftr-305	273	8	.	.	PUNCT
ftr-305	274	1	45	45	NUM
ftr-305	274	2	.	.	PUNCT
ftr-305	274	3	regs	regs	PROPN
ftr-305	274	4	.	.	PUNCT
ftr-305	275	1	§	§	PROPN
ftr-305	275	2	1.897	1.897	NUM
ftr-305	275	3	-	-	SYM
ftr-305	275	4	1(d)(2	1(d)(2	NUM
ftr-305	275	5	)	)	PUNCT
ftr-305	275	6	.	.	PUNCT
ftr-305	276	1	14	14	NUM
ftr-305	276	2	florida	florida	PROPN
ftr-305	276	3	tax	tax	NOUN
ftr-305	276	4	review	review	NOUN
ftr-305	276	5	[	[	X
ftr-305	276	6	vol	vol	NOUN
ftr-305	276	7	.	.	PUNCT
ftr-305	277	1	14:1	14:1	NUM
ftr-305	277	2	“	"	PUNCT
ftr-305	277	3	controlling	control	VERB
ftr-305	277	4	interests	interest	NOUN
ftr-305	277	5	”	"	PUNCT
ftr-305	277	6	in	in	ADP
ftr-305	277	7	lower	low	ADJ
ftr-305	277	8	-	-	PUNCT
ftr-305	277	9	tier	tier	NOUN
ftr-305	277	10	corporations	corporation	NOUN
ftr-305	277	11	and	and	CCONJ
ftr-305	277	12	taking	take	VERB
ftr-305	277	13	into	into	ADP
ftr-305	277	14	account	account	NOUN
ftr-305	277	15	the	the	DET
ftr-305	277	16	corporation	corporation	NOUN
ftr-305	277	17	’s	’s	PART
ftr-305	277	18	proportionate	proportionate	ADJ
ftr-305	277	19	share	share	NOUN
ftr-305	277	20	of	of	ADP
ftr-305	277	21	their	their	PRON
ftr-305	277	22	assets.46	assets.46	NOUN
ftr-305	277	23	there	there	PRON
ftr-305	277	24	is	be	VERB
ftr-305	277	25	a	a	DET
ftr-305	277	26	so	so	ADV
ftr-305	277	27	-	-	PUNCT
ftr-305	277	28	called	call	VERB
ftr-305	277	29	“	"	PUNCT
ftr-305	277	30	cleansing	cleansing	NOUN
ftr-305	277	31	”	"	PUNCT
ftr-305	277	32	rule	rule	NOUN
ftr-305	277	33	that	that	PRON
ftr-305	277	34	shuts	shut	VERB
ftr-305	277	35	down	down	ADP
ftr-305	277	36	the	the	DET
ftr-305	277	37	five	five	NUM
ftr-305	277	38	-	-	PUNCT
ftr-305	277	39	year	year	NOUN
ftr-305	277	40	waiting	waiting	NOUN
ftr-305	277	41	period	period	NOUN
ftr-305	277	42	,	,	PUNCT
ftr-305	277	43	but	but	CCONJ
ftr-305	277	44	it	it	PRON
ftr-305	277	45	is	be	AUX
ftr-305	277	46	strictly	strictly	ADV
ftr-305	277	47	limited	limited	ADJ
ftr-305	277	48	since	since	SCONJ
ftr-305	277	49	it	it	PRON
ftr-305	277	50	is	be	AUX
ftr-305	277	51	generally	generally	ADV
ftr-305	277	52	available	available	ADJ
ftr-305	277	53	only	only	ADV
ftr-305	277	54	if	if	SCONJ
ftr-305	277	55	all	all	PRON
ftr-305	277	56	of	of	ADP
ftr-305	277	57	the	the	DET
ftr-305	277	58	interests	interest	NOUN
ftr-305	277	59	in	in	ADP
ftr-305	277	60	usrp	usrp	NOUN
ftr-305	277	61	held	hold	VERB
ftr-305	277	62	by	by	ADP
ftr-305	277	63	the	the	DET
ftr-305	277	64	corporation	corporation	NOUN
ftr-305	277	65	have	have	AUX
ftr-305	277	66	been	be	AUX
ftr-305	277	67	disposed	dispose	VERB
ftr-305	277	68	of	of	ADP
ftr-305	277	69	in	in	ADP
ftr-305	277	70	transactions	transaction	NOUN
ftr-305	277	71	in	in	ADP
ftr-305	277	72	which	which	PRON
ftr-305	277	73	gain	gain	NOUN
ftr-305	277	74	is	be	AUX
ftr-305	277	75	recognized	recognize	VERB
ftr-305	277	76	(	(	PUNCT
ftr-305	277	77	or	or	CCONJ
ftr-305	277	78	have	have	AUX
ftr-305	277	79	ceased	cease	VERB
ftr-305	277	80	to	to	PART
ftr-305	277	81	be	be	AUX
ftr-305	277	82	interests	interest	NOUN
ftr-305	277	83	in	in	ADP
ftr-305	277	84	usrp).47	usrp).47	PROPN
ftr-305	277	85	as	as	ADP
ftr-305	277	86	an	an	DET
ftr-305	277	87	exception	exception	NOUN
ftr-305	277	88	to	to	ADP
ftr-305	277	89	the	the	DET
ftr-305	277	90	definition	definition	NOUN
ftr-305	277	91	of	of	ADP
ftr-305	277	92	an	an	DET
ftr-305	277	93	interest	interest	NOUN
ftr-305	277	94	in	in	ADP
ftr-305	277	95	usrp	usrp	NOUN
ftr-305	277	96	,	,	PUNCT
ftr-305	277	97	an	an	DET
ftr-305	277	98	interest	interest	NOUN
ftr-305	277	99	in	in	ADP
ftr-305	277	100	usrp	usrp	NOUN
ftr-305	277	101	does	do	AUX
ftr-305	277	102	not	not	PART
ftr-305	277	103	include	include	VERB
ftr-305	277	104	shares	share	NOUN
ftr-305	277	105	of	of	ADP
ftr-305	277	106	a	a	DET
ftr-305	277	107	class	class	NOUN
ftr-305	277	108	of	of	ADP
ftr-305	277	109	stock	stock	NOUN
ftr-305	277	110	of	of	ADP
ftr-305	277	111	a	a	DET
ftr-305	277	112	usrphc	usrphc	NOUN
ftr-305	277	113	that	that	PRON
ftr-305	277	114	is	be	AUX
ftr-305	277	115	regularly	regularly	ADV
ftr-305	277	116	traded	trade	VERB
ftr-305	277	117	on	on	ADP
ftr-305	277	118	a	a	DET
ftr-305	277	119	securities	security	NOUN
ftr-305	277	120	market48	market48	NOUN
ftr-305	277	121	if	if	SCONJ
ftr-305	277	122	at	at	ADP
ftr-305	277	123	the	the	DET
ftr-305	277	124	time	time	NOUN
ftr-305	277	125	of	of	ADP
ftr-305	277	126	disposition	disposition	NOUN
ftr-305	277	127	the	the	DET
ftr-305	277	128	holder	holder	NOUN
ftr-305	277	129	owns	own	VERB
ftr-305	277	130	,	,	PUNCT
ftr-305	277	131	and	and	CCONJ
ftr-305	277	132	in	in	ADP
ftr-305	277	133	the	the	DET
ftr-305	277	134	last	last	ADJ
ftr-305	277	135	five	five	NUM
ftr-305	277	136	years	year	NOUN
ftr-305	277	137	,	,	PUNCT
ftr-305	277	138	has	have	AUX
ftr-305	277	139	owned	own	VERB
ftr-305	277	140	no	no	DET
ftr-305	277	141	more	more	ADJ
ftr-305	277	142	than	than	ADP
ftr-305	277	143	5	5	NUM
ftr-305	277	144	percent	percent	NOUN
ftr-305	277	145	of	of	ADP
ftr-305	277	146	the	the	DET
ftr-305	277	147	class	class	NOUN
ftr-305	277	148	,	,	PUNCT
ftr-305	277	149	directly	directly	ADV
ftr-305	277	150	or	or	CCONJ
ftr-305	277	151	constructively.49	constructively.49	X
ftr-305	277	152	in	in	ADP
ftr-305	277	153	the	the	DET
ftr-305	277	154	case	case	NOUN
ftr-305	277	155	of	of	ADP
ftr-305	277	156	a	a	DET
ftr-305	277	157	reit	reit	NOUN
ftr-305	277	158	or	or	CCONJ
ftr-305	277	159	a	a	DET
ftr-305	277	160	ric	ric	NOUN
ftr-305	277	161	that	that	PRON
ftr-305	277	162	is	be	AUX
ftr-305	277	163	a	a	DET
ftr-305	277	164	usrphc	usrphc	NOUN
ftr-305	277	165	,	,	PUNCT
ftr-305	277	166	there	there	PRON
ftr-305	277	167	is	be	VERB
ftr-305	277	168	a	a	DET
ftr-305	277	169	further	further	ADJ
ftr-305	277	170	exception	exception	NOUN
ftr-305	277	171	if	if	SCONJ
ftr-305	277	172	the	the	DET
ftr-305	277	173	reit	reit	NOUN
ftr-305	277	174	or	or	CCONJ
ftr-305	277	175	ric	ric	PROPN
ftr-305	277	176	is	be	AUX
ftr-305	277	177	“	"	PUNCT
ftr-305	277	178	domestically	domestically	ADV
ftr-305	277	179	controlled	control	VERB
ftr-305	277	180	.	.	PUNCT
ftr-305	277	181	”	"	PUNCT
ftr-305	278	1	the	the	DET
ftr-305	278	2	firpta	firpta	NOUN
ftr-305	278	3	regulations	regulation	NOUN
ftr-305	278	4	relax	relax	VERB
ftr-305	278	5	the	the	DET
ftr-305	278	6	rules	rule	NOUN
ftr-305	278	7	for	for	ADP
ftr-305	278	8	determining	determine	VERB
ftr-305	278	9	whether	whether	SCONJ
ftr-305	278	10	a	a	DET
ftr-305	278	11	u.s	u.s	PROPN
ftr-305	278	12	.	.	PROPN
ftr-305	278	13	corporation	corporation	NOUN
ftr-305	278	14	is	be	AUX
ftr-305	278	15	or	or	CCONJ
ftr-305	278	16	is	be	AUX
ftr-305	278	17	not	not	PART
ftr-305	278	18	a	a	DET
ftr-305	278	19	usrphc	usrphc	NOUN
ftr-305	278	20	,	,	PUNCT
ftr-305	278	21	limiting	limit	VERB
ftr-305	278	22	the	the	DET
ftr-305	278	23	“	"	PUNCT
ftr-305	278	24	determination	determination	NOUN
ftr-305	278	25	dates	date	NOUN
ftr-305	278	26	”	"	PUNCT
ftr-305	278	27	to	to	ADP
ftr-305	278	28	the	the	DET
ftr-305	278	29	last	last	ADJ
ftr-305	278	30	day	day	NOUN
ftr-305	278	31	of	of	ADP
ftr-305	278	32	the	the	DET
ftr-305	278	33	corporation	corporation	NOUN
ftr-305	278	34	’s	’s	PART
ftr-305	278	35	taxable	taxable	ADJ
ftr-305	278	36	year	year	NOUN
ftr-305	278	37	and	and	CCONJ
ftr-305	278	38	any	any	DET
ftr-305	278	39	date	date	NOUN
ftr-305	278	40	on	on	ADP
ftr-305	278	41	which	which	PRON
ftr-305	278	42	the	the	DET
ftr-305	278	43	corporation	corporation	NOUN
ftr-305	278	44	acquired	acquire	VERB
ftr-305	278	45	an	an	DET
ftr-305	278	46	interest	interest	NOUN
ftr-305	278	47	in	in	ADP
ftr-305	278	48	usrp	usrp	NOUN
ftr-305	278	49	or	or	CCONJ
ftr-305	278	50	disposed	dispose	VERB
ftr-305	278	51	of	of	ADP
ftr-305	278	52	an	an	DET
ftr-305	278	53	interest	interest	NOUN
ftr-305	278	54	in	in	ADP
ftr-305	278	55	the	the	DET
ftr-305	278	56	other	other	ADJ
ftr-305	278	57	assets	asset	NOUN
ftr-305	278	58	taken	take	VERB
ftr-305	278	59	into	into	ADP
ftr-305	278	60	account	account	NOUN
ftr-305	278	61	in	in	ADP
ftr-305	278	62	the	the	DET
ftr-305	278	63	calculation	calculation	NOUN
ftr-305	278	64	(	(	PUNCT
ftr-305	278	65	i.e.	i.e.	X
ftr-305	278	66	,	,	PUNCT
ftr-305	278	67	interests	interest	NOUN
ftr-305	278	68	in	in	ADP
ftr-305	278	69	foreign	foreign	ADJ
ftr-305	278	70	real	real	ADJ
ftr-305	278	71	property	property	NOUN
ftr-305	278	72	or	or	CCONJ
ftr-305	278	73	in	in	ADP
ftr-305	278	74	business	business	NOUN
ftr-305	278	75	assets)50	assets)50	PROPN
ftr-305	278	76	and	and	CCONJ
ftr-305	278	77	establishing	establish	VERB
ftr-305	278	78	a	a	DET
ftr-305	278	79	rebuttable	rebuttable	ADJ
ftr-305	278	80	presumption	presumption	NOUN
ftr-305	278	81	that	that	SCONJ
ftr-305	278	82	a	a	DET
ftr-305	278	83	corporation	corporation	NOUN
ftr-305	278	84	is	be	AUX
ftr-305	278	85	not	not	PART
ftr-305	278	86	a	a	DET
ftr-305	278	87	usrphc	usrphc	NOUN
ftr-305	278	88	if	if	SCONJ
ftr-305	278	89	on	on	ADP
ftr-305	278	90	a	a	DET
ftr-305	278	91	determination	determination	NOUN
ftr-305	278	92	date	date	NOUN
ftr-305	278	93	the	the	DET
ftr-305	278	94	book	book	NOUN
ftr-305	278	95	value	value	NOUN
ftr-305	278	96	of	of	ADP
ftr-305	278	97	its	its	PRON
ftr-305	278	98	interests	interest	NOUN
ftr-305	278	99	in	in	ADP
ftr-305	278	100	usrp	usrp	NOUN
ftr-305	278	101	is	be	AUX
ftr-305	278	102	25	25	NUM
ftr-305	278	103	percent	percent	NOUN
ftr-305	278	104	or	or	CCONJ
ftr-305	278	105	less	less	ADJ
ftr-305	278	106	of	of	ADP
ftr-305	278	107	the	the	DET
ftr-305	278	108	book	book	NOUN
ftr-305	278	109	value	value	NOUN
ftr-305	278	110	of	of	ADP
ftr-305	278	111	its	its	PRON
ftr-305	278	112	interests	interest	NOUN
ftr-305	278	113	in	in	ADP
ftr-305	278	114	real	real	ADJ
ftr-305	278	115	property	property	NOUN
ftr-305	278	116	,	,	PUNCT
ftr-305	278	117	whether	whether	SCONJ
ftr-305	278	118	u.s	u.s	PROPN
ftr-305	278	119	.	.	PROPN
ftr-305	278	120	or	or	CCONJ
ftr-305	278	121	foreign	foreign	ADJ
ftr-305	278	122	,	,	PUNCT
ftr-305	278	123	and	and	CCONJ
ftr-305	278	124	its	its	PRON
ftr-305	278	125	business	business	NOUN
ftr-305	278	126	assets.51	assets.51	NOUN
ftr-305	278	127	the	the	DET
ftr-305	278	128	relaxations	relaxation	NOUN
ftr-305	278	129	are	be	AUX
ftr-305	278	130	helpful	helpful	ADJ
ftr-305	278	131	but	but	CCONJ
ftr-305	278	132	hardly	hardly	ADV
ftr-305	278	133	eliminate	eliminate	VERB
ftr-305	278	134	the	the	DET
ftr-305	278	135	pain	pain	NOUN
ftr-305	278	136	of	of	ADP
ftr-305	278	137	determining	determine	VERB
ftr-305	278	138	,	,	PUNCT
ftr-305	278	139	in	in	ADP
ftr-305	278	140	a	a	DET
ftr-305	278	141	case	case	NOUN
ftr-305	278	142	that	that	PRON
ftr-305	278	143	is	be	AUX
ftr-305	278	144	at	at	ADV
ftr-305	278	145	all	all	ADV
ftr-305	278	146	close	close	ADJ
ftr-305	278	147	,	,	PUNCT
ftr-305	278	148	whether	whether	SCONJ
ftr-305	278	149	a	a	DET
ftr-305	278	150	corporation	corporation	NOUN
ftr-305	278	151	is	be	AUX
ftr-305	278	152	or	or	CCONJ
ftr-305	278	153	is	be	AUX
ftr-305	278	154	not	not	PART
ftr-305	278	155	a	a	DET
ftr-305	278	156	usrphc	usrphc	ADJ
ftr-305	278	157	or	or	CCONJ
ftr-305	278	158	possible	possible	ADJ
ftr-305	278	159	foot	foot	NOUN
ftr-305	278	160	faults	fault	NOUN
ftr-305	278	161	(	(	PUNCT
ftr-305	278	162	resulting	result	VERB
ftr-305	278	163	,	,	PUNCT
ftr-305	278	164	for	for	ADP
ftr-305	278	165	example	example	NOUN
ftr-305	278	166	,	,	PUNCT
ftr-305	278	167	from	from	ADP
ftr-305	278	168	the	the	DET
ftr-305	278	169	sequence	sequence	NOUN
ftr-305	278	170	in	in	ADP
ftr-305	278	171	which	which	PRON
ftr-305	278	172	a	a	DET
ftr-305	278	173	u.s	u.s	PROPN
ftr-305	278	174	.	.	PROPN
ftr-305	278	175	corporation	corporation	NOUN
ftr-305	278	176	acquires	acquire	VERB
ftr-305	278	177	“	"	PUNCT
ftr-305	278	178	good	good	ADJ
ftr-305	278	179	”	"	PUNCT
ftr-305	278	180	and	and	CCONJ
ftr-305	278	181	“	"	PUNCT
ftr-305	278	182	bad	bad	ADJ
ftr-305	278	183	”	"	PUNCT
ftr-305	278	184	assets	asset	NOUN
ftr-305	278	185	)	)	PUNCT
ftr-305	278	186	;	;	PUNCT
ftr-305	278	187	and	and	CCONJ
ftr-305	278	188	the	the	DET
ftr-305	278	189	regulations	regulation	NOUN
ftr-305	278	190	do	do	AUX
ftr-305	278	191	not	not	PART
ftr-305	278	192	meaningfully	meaningfully	ADV
ftr-305	278	193	relax	relax	VERB
ftr-305	278	194	the	the	DET
ftr-305	278	195	five	five	NUM
ftr-305	278	196	-	-	PUNCT
ftr-305	278	197	year	year	NOUN
ftr-305	278	198	waiting	waiting	NOUN
ftr-305	278	199	period	period	NOUN
ftr-305	278	200	for	for	ADP
ftr-305	278	201	dispositions	disposition	NOUN
ftr-305	278	202	of	of	ADP
ftr-305	278	203	shares	share	NOUN
ftr-305	278	204	of	of	ADP
ftr-305	278	205	corporations	corporation	NOUN
ftr-305	278	206	that	that	PRON
ftr-305	278	207	are	be	AUX
ftr-305	278	208	no	no	ADV
ftr-305	278	209	longer	long	ADV
ftr-305	278	210	usrphcs.52	usrphcs.52	ADJ
ftr-305	278	211	the	the	DET
ftr-305	278	212	only	only	ADJ
ftr-305	278	213	relaxation	relaxation	NOUN
ftr-305	278	214	of	of	ADP
ftr-305	278	215	the	the	DET
ftr-305	278	216	cleansing	cleansing	NOUN
ftr-305	278	217	rule	rule	NOUN
ftr-305	278	218	is	be	AUX
ftr-305	278	219	one	one	NUM
ftr-305	278	220	that	that	PRON
ftr-305	278	221	permits	permit	VERB
ftr-305	278	222	a	a	DET
ftr-305	278	223	corporation	corporation	NOUN
ftr-305	278	224	to	to	PART
ftr-305	278	225	be	be	AUX
ftr-305	278	226	“	"	PUNCT
ftr-305	278	227	cleansed	cleanse	VERB
ftr-305	278	228	”	"	PUNCT
ftr-305	278	229	although	although	SCONJ
ftr-305	278	230	it	it	PRON
ftr-305	278	231	46	46	NUM
ftr-305	278	232	.	.	PUNCT
ftr-305	278	233	i.r.c	i.r.c	NOUN
ftr-305	278	234	.	.	PUNCT
ftr-305	279	1	§	§	PROPN
ftr-305	279	2	897(c)(4)–(5	897(c)(4)–(5	NUM
ftr-305	279	3	)	)	PUNCT
ftr-305	279	4	.	.	PUNCT
ftr-305	280	1	47	47	NUM
ftr-305	280	2	.	.	PUNCT
ftr-305	280	3	i.r.c	i.r.c	NOUN
ftr-305	280	4	.	.	PUNCT
ftr-305	281	1	§	§	PROPN
ftr-305	281	2	897(c)(1)(b	897(c)(1)(b	NUM
ftr-305	281	3	)	)	PUNCT
ftr-305	281	4	.	.	PUNCT
ftr-305	282	1	and	and	CCONJ
ftr-305	282	2	thus	thus	ADV
ftr-305	282	3	is	be	AUX
ftr-305	282	4	not	not	PART
ftr-305	282	5	available	available	ADJ
ftr-305	282	6	if	if	SCONJ
ftr-305	282	7	the	the	DET
ftr-305	282	8	sales	sale	NOUN
ftr-305	282	9	are	be	AUX
ftr-305	282	10	on	on	ADP
ftr-305	282	11	an	an	DET
ftr-305	282	12	installment	installment	ADJ
ftr-305	282	13	basis	basis	NOUN
ftr-305	282	14	unless	unless	SCONJ
ftr-305	282	15	the	the	DET
ftr-305	282	16	seller	seller	NOUN
ftr-305	282	17	foregoes	forego	VERB
ftr-305	282	18	the	the	DET
ftr-305	282	19	benefit	benefit	NOUN
ftr-305	282	20	of	of	ADP
ftr-305	282	21	installment	installment	NOUN
ftr-305	282	22	sale	sale	NOUN
ftr-305	282	23	reporting	reporting	NOUN
ftr-305	282	24	and	and	CCONJ
ftr-305	282	25	recognizes	recognize	VERB
ftr-305	282	26	all	all	PRON
ftr-305	282	27	of	of	ADP
ftr-305	282	28	the	the	DET
ftr-305	282	29	gain	gain	NOUN
ftr-305	282	30	.	.	PUNCT
ftr-305	283	1	48	48	NUM
ftr-305	283	2	.	.	PUNCT
ftr-305	284	1	regulations	regulation	NOUN
ftr-305	284	2	section	section	VERB
ftr-305	284	3	1.897	1.897	NUM
ftr-305	284	4	-	-	PUNCT
ftr-305	284	5	9t(d	9t(d	NOUN
ftr-305	284	6	)	)	PUNCT
ftr-305	284	7	set	set	VERB
ftr-305	284	8	out	out	ADP
ftr-305	284	9	when	when	SCONJ
ftr-305	284	10	shares	share	NOUN
ftr-305	284	11	will	will	AUX
ftr-305	284	12	be	be	AUX
ftr-305	284	13	“	"	PUNCT
ftr-305	284	14	regularly	regularly	ADV
ftr-305	284	15	traded	trade	VERB
ftr-305	284	16	,	,	PUNCT
ftr-305	284	17	”	"	PUNCT
ftr-305	284	18	using	use	VERB
ftr-305	284	19	different	different	ADJ
ftr-305	284	20	tests	test	NOUN
ftr-305	284	21	for	for	ADP
ftr-305	284	22	trading	trading	NOUN
ftr-305	284	23	in	in	ADP
ftr-305	284	24	domestic	domestic	ADJ
ftr-305	284	25	and	and	CCONJ
ftr-305	284	26	foreign	foreign	ADJ
ftr-305	284	27	markets	market	NOUN
ftr-305	284	28	.	.	PUNCT
ftr-305	285	1	49	49	NUM
ftr-305	285	2	.	.	PUNCT
ftr-305	285	3	i.r.c	i.r.c	NOUN
ftr-305	285	4	.	.	PUNCT
ftr-305	286	1	§	§	PROPN
ftr-305	286	2	897(c)(3	897(c)(3	NOUN
ftr-305	286	3	)	)	PUNCT
ftr-305	286	4	.	.	PUNCT
ftr-305	287	1	see	see	VERB
ftr-305	287	2	kimberly	kimberly	PROPN
ftr-305	287	3	s.	s.	PROPN
ftr-305	287	4	blanchard	blanchard	PROPN
ftr-305	287	5	,	,	PUNCT
ftr-305	287	6	firpta	firpta	NOUN
ftr-305	287	7	in	in	ADP
ftr-305	287	8	the	the	DET
ftr-305	287	9	21st	21st	ADJ
ftr-305	287	10	century	century	NOUN
ftr-305	287	11	–	–	PUNCT
ftr-305	287	12	installment	installment	NOUN
ftr-305	287	13	two	two	NUM
ftr-305	287	14	:	:	PUNCT
ftr-305	287	15	the	the	DET
ftr-305	287	16	5	5	NUM
ftr-305	287	17	%	%	NOUN
ftr-305	287	18	public	public	ADJ
ftr-305	287	19	shareholder	shareholder	NOUN
ftr-305	287	20	exception	exception	NOUN
ftr-305	287	21	,	,	PUNCT
ftr-305	287	22	37	37	NUM
ftr-305	287	23	tax	tax	NOUN
ftr-305	287	24	mgm’t	mgm’t	PROPN
ftr-305	287	25	int’l	int’l	NUM
ftr-305	287	26	j.	j.	PROPN
ftr-305	287	27	44	44	NUM
ftr-305	287	28	(	(	PUNCT
ftr-305	287	29	2008	2008	NUM
ftr-305	287	30	)	)	PUNCT
ftr-305	288	1	[	[	X
ftr-305	288	2	hereinafter	hereinafter	NOUN
ftr-305	288	3	blanchard	blanchard	NOUN
ftr-305	288	4	,	,	PUNCT
ftr-305	288	5	installment	installment	NOUN
ftr-305	288	6	two	two	NUM
ftr-305	288	7	]	]	PUNCT
ftr-305	288	8	.	.	PUNCT
ftr-305	289	1	50	50	NUM
ftr-305	289	2	.	.	PUNCT
ftr-305	289	3	regs	reg	NOUN
ftr-305	289	4	.	.	PUNCT
ftr-305	290	1	§	§	PROPN
ftr-305	290	2	1.897	1.897	NUM
ftr-305	290	3	-	-	PUNCT
ftr-305	290	4	2(c)(1	2(c)(1	NUM
ftr-305	290	5	)	)	PUNCT
ftr-305	290	6	.	.	PUNCT
ftr-305	291	1	or	or	CCONJ
ftr-305	291	2	alternatively	alternatively	ADV
ftr-305	291	3	,	,	PUNCT
ftr-305	291	4	on	on	ADP
ftr-305	291	5	a	a	DET
ftr-305	291	6	monthly	monthly	ADJ
ftr-305	291	7	basis	basis	NOUN
ftr-305	291	8	with	with	ADP
ftr-305	291	9	certain	certain	ADJ
ftr-305	291	10	adjustments	adjustment	NOUN
ftr-305	291	11	to	to	ADP
ftr-305	291	12	the	the	DET
ftr-305	291	13	acquisition	acquisition	NOUN
ftr-305	291	14	/	/	SYM
ftr-305	291	15	disposition	disposition	NOUN
ftr-305	291	16	determination	determination	NOUN
ftr-305	291	17	date	date	NOUN
ftr-305	291	18	rules	rule	NOUN
ftr-305	291	19	.	.	PUNCT
ftr-305	292	1	regs	reg	NOUN
ftr-305	292	2	.	.	PUNCT
ftr-305	293	1	§	§	PROPN
ftr-305	293	2	1.8972(c)(3	1.8972(c)(3	NUM
ftr-305	293	3	)	)	PUNCT
ftr-305	293	4	.	.	PUNCT
ftr-305	294	1	51	51	NUM
ftr-305	294	2	.	.	PUNCT
ftr-305	294	3	regs	regs	PROPN
ftr-305	294	4	.	.	PUNCT
ftr-305	295	1	§	§	PROPN
ftr-305	295	2	1	1	NUM
ftr-305	295	3	.	.	PUNCT
ftr-305	295	4	897	897	NUM
ftr-305	295	5	-	-	SYM
ftr-305	295	6	2(b)–(c	2(b)–(c	NUM
ftr-305	295	7	)	)	PUNCT
ftr-305	295	8	.	.	PUNCT
ftr-305	296	1	52	52	NUM
ftr-305	296	2	.	.	PUNCT
ftr-305	296	3	regs	regs	PROPN
ftr-305	296	4	.	.	PUNCT
ftr-305	297	1	§	§	PROPN
ftr-305	297	2	1.897	1.897	NUM
ftr-305	297	3	-	-	PUNCT
ftr-305	297	4	2(f	2(f	NUM
ftr-305	297	5	)	)	PUNCT
ftr-305	297	6	.	.	PUNCT
ftr-305	298	1	2013	2013	NUM
ftr-305	298	2	]	]	PUNCT
ftr-305	298	3	suppose	suppose	VERB
ftr-305	298	4	firpta	firpta	NOUN
ftr-305	298	5	was	be	AUX
ftr-305	298	6	repealed	repeal	VERB
ftr-305	298	7	15	15	NUM
ftr-305	298	8	retains	retain	VERB
ftr-305	298	9	a	a	DET
ftr-305	298	10	lease	lease	NOUN
ftr-305	298	11	on	on	ADP
ftr-305	298	12	real	real	ADJ
ftr-305	298	13	property	property	NOUN
ftr-305	298	14	if	if	SCONJ
ftr-305	298	15	the	the	DET
ftr-305	298	16	lease	lease	NOUN
ftr-305	298	17	has	have	VERB
ftr-305	298	18	no	no	DET
ftr-305	298	19	fair	fair	ADJ
ftr-305	298	20	market	market	NOUN
ftr-305	298	21	value	value	NOUN
ftr-305	298	22	and	and	CCONJ
ftr-305	298	23	is	be	AUX
ftr-305	298	24	used	use	VERB
ftr-305	298	25	in	in	ADP
ftr-305	298	26	the	the	DET
ftr-305	298	27	conduct	conduct	NOUN
ftr-305	298	28	of	of	ADP
ftr-305	298	29	a	a	DET
ftr-305	298	30	trade	trade	NOUN
ftr-305	298	31	or	or	CCONJ
ftr-305	298	32	business.53	business.53	NOUN
ftr-305	298	33	taking	take	VERB
ftr-305	298	34	the	the	DET
ftr-305	298	35	pursuit	pursuit	NOUN
ftr-305	298	36	of	of	ADP
ftr-305	298	37	foreign	foreign	ADJ
ftr-305	298	38	investment	investment	NOUN
ftr-305	298	39	in	in	ADP
ftr-305	298	40	usrp	usrp	NOUN
ftr-305	298	41	further	far	ADV
ftr-305	298	42	,	,	PUNCT
ftr-305	298	43	firpta	firpta	NOUN
ftr-305	298	44	provided	provide	VERB
ftr-305	298	45	that	that	SCONJ
ftr-305	298	46	,	,	PUNCT
ftr-305	298	47	subject	subject	ADJ
ftr-305	298	48	to	to	ADP
ftr-305	298	49	regulations	regulation	NOUN
ftr-305	298	50	,	,	PUNCT
ftr-305	298	51	the	the	DET
ftr-305	298	52	nonrecognition	nonrecognition	NOUN
ftr-305	298	53	provisions	provision	NOUN
ftr-305	298	54	of	of	ADP
ftr-305	298	55	the	the	DET
ftr-305	298	56	internal	internal	PROPN
ftr-305	298	57	revenue	revenue	NOUN
ftr-305	298	58	code	code	NOUN
ftr-305	298	59	would	would	AUX
ftr-305	298	60	not	not	PART
ftr-305	298	61	apply	apply	VERB
ftr-305	298	62	to	to	ADP
ftr-305	298	63	an	an	DET
ftr-305	298	64	exchange	exchange	NOUN
ftr-305	298	65	of	of	ADP
ftr-305	298	66	an	an	DET
ftr-305	298	67	interest	interest	NOUN
ftr-305	298	68	in	in	ADP
ftr-305	298	69	usrp	usrp	NOUN
ftr-305	298	70	for	for	ADP
ftr-305	298	71	other	other	ADJ
ftr-305	298	72	property	property	NOUN
ftr-305	298	73	unless	unless	SCONJ
ftr-305	298	74	a	a	DET
ftr-305	298	75	sale	sale	NOUN
ftr-305	298	76	of	of	ADP
ftr-305	298	77	the	the	DET
ftr-305	298	78	other	other	ADJ
ftr-305	298	79	property	property	NOUN
ftr-305	298	80	would	would	AUX
ftr-305	298	81	be	be	AUX
ftr-305	298	82	subject	subject	ADJ
ftr-305	298	83	to	to	ADP
ftr-305	298	84	u.s	u.s	PROPN
ftr-305	298	85	.	.	PROPN
ftr-305	298	86	tax.54	tax.54	PROPN
ftr-305	298	87	as	as	ADP
ftr-305	298	88	a	a	DET
ftr-305	298	89	consequence	consequence	NOUN
ftr-305	298	90	,	,	PUNCT
ftr-305	298	91	for	for	ADP
ftr-305	298	92	example	example	NOUN
ftr-305	298	93	,	,	PUNCT
ftr-305	298	94	gain	gain	NOUN
ftr-305	298	95	would	would	AUX
ftr-305	298	96	be	be	AUX
ftr-305	298	97	recognized	recognize	VERB
ftr-305	298	98	on	on	ADP
ftr-305	298	99	an	an	DET
ftr-305	298	100	exchange	exchange	NOUN
ftr-305	298	101	of	of	ADP
ftr-305	298	102	shares	share	NOUN
ftr-305	298	103	of	of	ADP
ftr-305	298	104	a	a	DET
ftr-305	298	105	usrphc	usrphc	NOUN
ftr-305	298	106	for	for	ADP
ftr-305	298	107	shares	share	NOUN
ftr-305	298	108	of	of	ADP
ftr-305	298	109	a	a	DET
ftr-305	298	110	u.s	u.s	PROPN
ftr-305	298	111	.	.	PROPN
ftr-305	298	112	corporation	corporation	NOUN
ftr-305	298	113	that	that	PRON
ftr-305	298	114	is	be	AUX
ftr-305	298	115	not	not	PART
ftr-305	298	116	a	a	DET
ftr-305	298	117	usrphc	usrphc	ADJ
ftr-305	298	118	or	or	CCONJ
ftr-305	298	119	for	for	ADP
ftr-305	298	120	shares	share	NOUN
ftr-305	298	121	of	of	ADP
ftr-305	298	122	a	a	DET
ftr-305	298	123	foreign	foreign	ADJ
ftr-305	298	124	corporation	corporation	NOUN
ftr-305	298	125	,	,	PUNCT
ftr-305	298	126	notwithstanding	notwithstanding	SCONJ
ftr-305	298	127	that	that	SCONJ
ftr-305	298	128	the	the	DET
ftr-305	298	129	exchange	exchange	NOUN
ftr-305	298	130	would	would	AUX
ftr-305	298	131	otherwise	otherwise	ADV
ftr-305	298	132	be	be	AUX
ftr-305	298	133	tax	tax	NOUN
ftr-305	298	134	free	free	ADJ
ftr-305	298	135	under	under	ADP
ftr-305	298	136	section	section	NOUN
ftr-305	298	137	351	351	NUM
ftr-305	298	138	or	or	CCONJ
ftr-305	298	139	as	as	ADP
ftr-305	298	140	part	part	NOUN
ftr-305	298	141	of	of	ADP
ftr-305	298	142	a	a	DET
ftr-305	298	143	tax	tax	NOUN
ftr-305	298	144	-	-	PUNCT
ftr-305	298	145	free	free	ADJ
ftr-305	298	146	reorganization	reorganization	NOUN
ftr-305	298	147	.	.	PUNCT
ftr-305	299	1	the	the	DET
ftr-305	299	2	implementation	implementation	NOUN
ftr-305	299	3	of	of	ADP
ftr-305	299	4	these	these	DET
ftr-305	299	5	rules	rule	NOUN
ftr-305	299	6	is	be	AUX
ftr-305	299	7	one	one	NUM
ftr-305	299	8	of	of	ADP
ftr-305	299	9	the	the	DET
ftr-305	299	10	most	most	ADV
ftr-305	299	11	complicated	complicated	ADJ
ftr-305	299	12	parts	part	NOUN
ftr-305	299	13	of	of	ADP
ftr-305	299	14	firpta	firpta	NOUN
ftr-305	299	15	,	,	PUNCT
ftr-305	299	16	requiring	require	VERB
ftr-305	299	17	,	,	PUNCT
ftr-305	299	18	first	first	ADV
ftr-305	299	19	,	,	PUNCT
ftr-305	299	20	an	an	DET
ftr-305	299	21	analysis	analysis	NOUN
ftr-305	299	22	of	of	ADP
ftr-305	299	23	the	the	DET
ftr-305	299	24	internal	internal	ADJ
ftr-305	299	25	revenue	revenue	NOUN
ftr-305	299	26	code	code	NOUN
ftr-305	299	27	provisions	provision	NOUN
ftr-305	299	28	generally	generally	ADV
ftr-305	299	29	relating	relate	VERB
ftr-305	299	30	to	to	ADP
ftr-305	299	31	liquidations	liquidation	NOUN
ftr-305	299	32	,	,	PUNCT
ftr-305	299	33	reorganizations	reorganization	NOUN
ftr-305	299	34	and	and	CCONJ
ftr-305	299	35	other	other	ADJ
ftr-305	299	36	non	non	ADJ
ftr-305	299	37	-	-	ADJ
ftr-305	299	38	recognition	recognition	ADJ
ftr-305	299	39	transactions	transaction	NOUN
ftr-305	299	40	;	;	PUNCT
ftr-305	299	41	and	and	CCONJ
ftr-305	299	42	,	,	PUNCT
ftr-305	299	43	then	then	ADV
ftr-305	299	44	,	,	PUNCT
ftr-305	299	45	an	an	DET
ftr-305	299	46	analysis	analysis	NOUN
ftr-305	299	47	of	of	ADP
ftr-305	299	48	how	how	SCONJ
ftr-305	299	49	those	those	DET
ftr-305	299	50	rules	rule	NOUN
ftr-305	299	51	are	be	AUX
ftr-305	299	52	affected	affect	VERB
ftr-305	299	53	by	by	ADP
ftr-305	299	54	the	the	DET
ftr-305	299	55	separate	separate	ADJ
ftr-305	299	56	firpta	firpta	NOUN
ftr-305	299	57	rules.55	rules.55	NOUN
ftr-305	299	58	most	most	ADJ
ftr-305	299	59	of	of	ADP
ftr-305	299	60	the	the	DET
ftr-305	299	61	guidance	guidance	NOUN
ftr-305	299	62	,	,	PUNCT
ftr-305	299	63	both	both	PRON
ftr-305	299	64	published	publish	VERB
ftr-305	299	65	and	and	CCONJ
ftr-305	299	66	private	private	ADJ
ftr-305	299	67	,	,	PUNCT
ftr-305	299	68	with	with	ADP
ftr-305	299	69	respect	respect	NOUN
ftr-305	299	70	to	to	ADP
ftr-305	299	71	firpta	firpta	NOUN
ftr-305	299	72	has	have	AUX
ftr-305	299	73	been	be	AUX
ftr-305	299	74	with	with	ADP
ftr-305	299	75	respect	respect	NOUN
ftr-305	299	76	to	to	ADP
ftr-305	299	77	the	the	DET
ftr-305	299	78	impact	impact	NOUN
ftr-305	299	79	of	of	ADP
ftr-305	299	80	firpta	firpta	NOUN
ftr-305	299	81	on	on	ADP
ftr-305	299	82	the	the	DET
ftr-305	299	83	nonrecognition	nonrecognition	NOUN
ftr-305	299	84	rules	rule	NOUN
ftr-305	299	85	,	,	PUNCT
ftr-305	299	86	often	often	ADV
ftr-305	299	87	in	in	ADP
ftr-305	299	88	cases	case	NOUN
ftr-305	299	89	where	where	SCONJ
ftr-305	299	90	shares	share	NOUN
ftr-305	299	91	of	of	ADP
ftr-305	299	92	a	a	DET
ftr-305	299	93	usrphc	usrphc	NOUN
ftr-305	299	94	are	be	AUX
ftr-305	299	95	simply	simply	ADV
ftr-305	299	96	being	be	AUX
ftr-305	299	97	moved	move	VERB
ftr-305	299	98	around	around	ADV
ftr-305	299	99	within	within	ADP
ftr-305	299	100	a	a	DET
ftr-305	299	101	group	group	NOUN
ftr-305	299	102	of	of	ADP
ftr-305	299	103	related	related	ADJ
ftr-305	299	104	corporations	corporation	NOUN
ftr-305	299	105	,	,	PUNCT
ftr-305	299	106	the	the	DET
ftr-305	299	107	potential	potential	ADJ
ftr-305	299	108	tax	tax	NOUN
ftr-305	299	109	is	be	AUX
ftr-305	299	110	not	not	PART
ftr-305	299	111	reduced	reduce	VERB
ftr-305	299	112	,	,	PUNCT
ftr-305	299	113	and	and	CCONJ
ftr-305	299	114	the	the	DET
ftr-305	299	115	abuse	abuse	NOUN
ftr-305	299	116	,	,	PUNCT
ftr-305	299	117	if	if	SCONJ
ftr-305	299	118	any	any	PRON
ftr-305	299	119	,	,	PUNCT
ftr-305	299	120	is	be	AUX
ftr-305	299	121	not	not	PART
ftr-305	299	122	apparent.56	apparent.56	DET
ftr-305	299	123	the	the	DET
ftr-305	299	124	override	override	NOUN
ftr-305	299	125	of	of	ADP
ftr-305	299	126	the	the	DET
ftr-305	299	127	non	non	ADJ
ftr-305	299	128	-	-	ADJ
ftr-305	299	129	recognition	recognition	ADJ
ftr-305	299	130	provisions	provision	NOUN
ftr-305	299	131	may	may	AUX
ftr-305	299	132	also	also	ADV
ftr-305	299	133	affect	affect	VERB
ftr-305	299	134	partnership	partnership	NOUN
ftr-305	299	135	transactions.57	transactions.57	PRON
ftr-305	299	136	the	the	DET
ftr-305	299	137	definition	definition	NOUN
ftr-305	299	138	of	of	ADP
ftr-305	299	139	real	real	ADJ
ftr-305	299	140	property	property	NOUN
ftr-305	299	141	in	in	ADP
ftr-305	299	142	firpta	firpta	NOUN
ftr-305	299	143	tracked	track	VERB
ftr-305	299	144	to	to	ADP
ftr-305	299	145	a	a	DET
ftr-305	299	146	large	large	ADJ
ftr-305	299	147	degree	degree	NOUN
ftr-305	299	148	what	what	PRON
ftr-305	299	149	u.s	u.s	PROPN
ftr-305	299	150	.	.	PROPN
ftr-305	299	151	tax	tax	NOUN
ftr-305	299	152	treaties	treaty	NOUN
ftr-305	299	153	permitted	permit	VERB
ftr-305	299	154	the	the	DET
ftr-305	299	155	united	united	PROPN
ftr-305	299	156	states	states	PROPN
ftr-305	299	157	to	to	PART
ftr-305	299	158	treat	treat	VERB
ftr-305	299	159	as	as	ADP
ftr-305	299	160	real	real	ADJ
ftr-305	299	161	property	property	NOUN
ftr-305	299	162	,	,	PUNCT
ftr-305	299	163	although	although	SCONJ
ftr-305	299	164	before	before	SCONJ
ftr-305	299	165	firpta	firpta	NOUN
ftr-305	299	166	that	that	DET
ftr-305	299	167	authority	authority	NOUN
ftr-305	299	168	had	have	AUX
ftr-305	299	169	not	not	PART
ftr-305	299	170	been	be	AUX
ftr-305	299	171	fully	fully	ADV
ftr-305	299	172	exercised.58	exercised.58	VERB
ftr-305	299	173	the	the	DET
ftr-305	299	174	53	53	NUM
ftr-305	299	175	.	.	PUNCT
ftr-305	299	176	regs	regs	PROPN
ftr-305	299	177	.	.	PUNCT
ftr-305	300	1	§	§	PROPN
ftr-305	300	2	1.897	1.897	NUM
ftr-305	300	3	-	-	PUNCT
ftr-305	300	4	2(f)(2	2(f)(2	NUM
ftr-305	300	5	)	)	PUNCT
ftr-305	300	6	.	.	PUNCT
ftr-305	301	1	54	54	NUM
ftr-305	301	2	.	.	PUNCT
ftr-305	301	3	i.r.c	i.r.c	NOUN
ftr-305	301	4	.	.	PUNCT
ftr-305	302	1	§	§	PROPN
ftr-305	302	2	897(e	897(e	PROPN
ftr-305	302	3	)	)	PUNCT
ftr-305	302	4	,	,	PUNCT
ftr-305	302	5	which	which	PRON
ftr-305	302	6	is	be	AUX
ftr-305	302	7	sometimes	sometimes	ADV
ftr-305	302	8	referred	refer	VERB
ftr-305	302	9	to	to	ADP
ftr-305	302	10	as	as	ADP
ftr-305	302	11	the	the	DET
ftr-305	302	12	“	"	PUNCT
ftr-305	302	13	hot	hot	ADJ
ftr-305	302	14	-	-	PUNCT
ftr-305	302	15	to	to	ADP
ftr-305	302	16	-	-	PUNCT
ftr-305	302	17	hot	hot	ADJ
ftr-305	302	18	”	"	PUNCT
ftr-305	302	19	requirement	requirement	NOUN
ftr-305	302	20	.	.	PUNCT
ftr-305	303	1	55	55	NUM
ftr-305	303	2	.	.	PUNCT
ftr-305	303	3	regs	regs	PROPN
ftr-305	303	4	.	.	PUNCT
ftr-305	304	1	§	§	PROPN
ftr-305	304	2	1.897	1.897	NUM
ftr-305	304	3	-	-	SYM
ftr-305	304	4	5	5	NUM
ftr-305	304	5	t	t	NOUN
ftr-305	304	6	,	,	PUNCT
ftr-305	304	7	-6	-6	PROPN
ftr-305	304	8	t.	t.	PROPN
ftr-305	304	9	56	56	NUM
ftr-305	304	10	.	.	PUNCT
ftr-305	305	1	see	see	VERB
ftr-305	305	2	david	david	PROPN
ftr-305	305	3	f.	f.	PROPN
ftr-305	305	4	levy	levy	PROPN
ftr-305	305	5	,	,	PUNCT
ftr-305	305	6	nonrecogniton	nonrecogniton	NOUN
ftr-305	305	7	transactions	transaction	NOUN
ftr-305	305	8	involving	involve	VERB
ftr-305	305	9	firpta	firpta	NOUN
ftr-305	305	10	companies	company	NOUN
ftr-305	305	11	,	,	PUNCT
ftr-305	305	12	2008	2008	NUM
ftr-305	305	13	tnt	tnt	PROPN
ftr-305	305	14	107–32	107–32	NUM
ftr-305	305	15	(	(	PUNCT
ftr-305	305	16	june	june	PROPN
ftr-305	305	17	3	3	NUM
ftr-305	305	18	,	,	PUNCT
ftr-305	305	19	2008	2008	NUM
ftr-305	305	20	)	)	PUNCT
ftr-305	306	1	[	[	X
ftr-305	306	2	hereinafter	hereinafter	NOUN
ftr-305	306	3	levy	levy	NOUN
ftr-305	306	4	,	,	PUNCT
ftr-305	306	5	nonrecognition	nonrecognition	NOUN
ftr-305	306	6	transactions	transaction	NOUN
ftr-305	306	7	]	]	PUNCT
ftr-305	306	8	;	;	PUNCT
ftr-305	306	9	jeffrey	jeffrey	PROPN
ftr-305	306	10	farrell	farrell	PROPN
ftr-305	306	11	&	&	CCONJ
ftr-305	306	12	charles	charles	PROPN
ftr-305	306	13	cope	cope	PROPN
ftr-305	306	14	,	,	PUNCT
ftr-305	306	15	the	the	DET
ftr-305	306	16	application	application	NOUN
ftr-305	306	17	of	of	ADP
ftr-305	306	18	§	§	PROPN
ftr-305	306	19	304	304	NUM
ftr-305	306	20	to	to	ADP
ftr-305	306	21	a	a	DET
ftr-305	306	22	disposition	disposition	NOUN
ftr-305	306	23	of	of	ADP
ftr-305	306	24	shares	share	NOUN
ftr-305	306	25	in	in	ADP
ftr-305	306	26	a	a	DET
ftr-305	306	27	u.s	u.s	PROPN
ftr-305	306	28	.	.	PROPN
ftr-305	306	29	real	real	ADJ
ftr-305	306	30	property	property	NOUN
ftr-305	306	31	holding	hold	VERB
ftr-305	306	32	corporation	corporation	NOUN
ftr-305	306	33	,	,	PUNCT
ftr-305	306	34	38	38	NUM
ftr-305	306	35	tax	tax	NOUN
ftr-305	306	36	mgm’t	mgm’t	PROPN
ftr-305	306	37	int’l	int’l	NUM
ftr-305	306	38	j.	j.	PROPN
ftr-305	306	39	155	155	NUM
ftr-305	306	40	(	(	PUNCT
ftr-305	306	41	2009	2009	NUM
ftr-305	306	42	)	)	PUNCT
ftr-305	306	43	.	.	PUNCT
ftr-305	307	1	57	57	NUM
ftr-305	307	2	.	.	PUNCT
ftr-305	308	1	see	see	VERB
ftr-305	308	2	regs	reg	NOUN
ftr-305	308	3	.	.	PUNCT
ftr-305	309	1	§	§	PROPN
ftr-305	309	2	1.897	1.897	NUM
ftr-305	309	3	-	-	PUNCT
ftr-305	309	4	6t(a)(2)–(3	6t(a)(2)–(3	NUM
ftr-305	309	5	)	)	PUNCT
ftr-305	309	6	(	(	PUNCT
ftr-305	309	7	for	for	ADP
ftr-305	309	8	example	example	NOUN
ftr-305	309	9	,	,	PUNCT
ftr-305	309	10	in	in	ADP
ftr-305	309	11	the	the	DET
ftr-305	309	12	case	case	NOUN
ftr-305	309	13	of	of	ADP
ftr-305	309	14	a	a	DET
ftr-305	309	15	section	section	NOUN
ftr-305	309	16	721	721	NUM
ftr-305	309	17	contribution	contribution	NOUN
ftr-305	309	18	of	of	ADP
ftr-305	309	19	an	an	DET
ftr-305	309	20	interest	interest	NOUN
ftr-305	309	21	in	in	ADP
ftr-305	309	22	usrp	usrp	NOUN
ftr-305	309	23	to	to	ADP
ftr-305	309	24	a	a	DET
ftr-305	309	25	partnership	partnership	NOUN
ftr-305	309	26	for	for	ADP
ftr-305	309	27	a	a	DET
ftr-305	309	28	partnership	partnership	NOUN
ftr-305	309	29	interest	interest	NOUN
ftr-305	309	30	,	,	PUNCT
ftr-305	309	31	limit	limit	VERB
ftr-305	309	32	the	the	DET
ftr-305	309	33	gain	gain	NOUN
ftr-305	309	34	on	on	ADP
ftr-305	309	35	the	the	DET
ftr-305	309	36	transferred	transfer	VERB
ftr-305	309	37	that	that	PRON
ftr-305	309	38	is	be	AUX
ftr-305	309	39	not	not	PART
ftr-305	309	40	recognized	recognize	VERB
ftr-305	309	41	to	to	ADP
ftr-305	309	42	the	the	DET
ftr-305	309	43	amount	amount	NOUN
ftr-305	309	44	that	that	PRON
ftr-305	309	45	would	would	AUX
ftr-305	309	46	be	be	AUX
ftr-305	309	47	taxed	tax	VERB
ftr-305	309	48	on	on	ADP
ftr-305	309	49	a	a	DET
ftr-305	309	50	disposition	disposition	NOUN
ftr-305	309	51	of	of	ADP
ftr-305	309	52	the	the	DET
ftr-305	309	53	partnership	partnership	NOUN
ftr-305	309	54	interest	interest	NOUN
ftr-305	309	55	received	receive	VERB
ftr-305	309	56	in	in	ADP
ftr-305	309	57	the	the	DET
ftr-305	309	58	exchange	exchange	NOUN
ftr-305	309	59	)	)	PUNCT
ftr-305	309	60	.	.	PUNCT
ftr-305	310	1	58	58	NUM
ftr-305	310	2	.	.	PUNCT
ftr-305	311	1	e.g.	e.g.	ADV
ftr-305	311	2	,	,	PUNCT
ftr-305	311	3	united	united	PROPN
ftr-305	311	4	states	states	PROPN
ftr-305	311	5	dep’t	dep’t	PROPN
ftr-305	311	6	of	of	ADP
ftr-305	311	7	treasury	treasury	PROPN
ftr-305	311	8	,	,	PUNCT
ftr-305	311	9	united	united	PROPN
ftr-305	311	10	states	states	PROPN
ftr-305	311	11	model	model	PROPN
ftr-305	311	12	income	income	NOUN
ftr-305	311	13	and	and	CCONJ
ftr-305	311	14	capital	capital	NOUN
ftr-305	311	15	tax	tax	NOUN
ftr-305	311	16	convention	convention	NOUN
ftr-305	311	17	,	,	PUNCT
ftr-305	311	18	may	may	AUX
ftr-305	311	19	17	17	NUM
ftr-305	311	20	,	,	PUNCT
ftr-305	311	21	1977	1977	NUM
ftr-305	311	22	,	,	PUNCT
ftr-305	311	23	art	art	NOUN
ftr-305	311	24	.	.	PUNCT
ftr-305	312	1	6	6	NUM
ftr-305	312	2	,	,	PUNCT
ftr-305	312	3	¶	¶	NOUN
ftr-305	312	4	2	2	NUM
ftr-305	313	1	[	[	X
ftr-305	313	2	hereinafter	hereinafter	NOUN
ftr-305	313	3	1977	1977	NUM
ftr-305	313	4	model	model	NOUN
ftr-305	313	5	treaty	treaty	NOUN
ftr-305	313	6	]	]	PUNCT
ftr-305	313	7	which	which	PRON
ftr-305	313	8	,	,	PUNCT
ftr-305	313	9	while	while	SCONJ
ftr-305	313	10	defining	define	VERB
ftr-305	313	11	“	"	PUNCT
ftr-305	313	12	immovable	immovable	ADJ
ftr-305	313	13	”	"	PUNCT
ftr-305	313	14	or	or	CCONJ
ftr-305	313	15	“	"	PUNCT
ftr-305	313	16	real	real	ADJ
ftr-305	313	17	”	"	PUNCT
ftr-305	313	18	property	property	NOUN
ftr-305	313	19	to	to	PART
ftr-305	313	20	“	"	PUNCT
ftr-305	313	21	have	have	VERB
ftr-305	313	22	the	the	DET
ftr-305	313	23	meaning	meaning	NOUN
ftr-305	313	24	which	which	PRON
ftr-305	313	25	it	it	PRON
ftr-305	313	26	has	have	VERB
ftr-305	313	27	under	under	ADP
ftr-305	313	28	the	the	DET
ftr-305	313	29	law	law	NOUN
ftr-305	313	30	of	of	ADP
ftr-305	313	31	the	the	DET
ftr-305	313	32	contracting	contracting	NOUN
ftr-305	313	33	state	state	NOUN
ftr-305	313	34	in	in	ADP
ftr-305	313	35	which	which	PRON
ftr-305	313	36	the	the	DET
ftr-305	313	37	property	property	NOUN
ftr-305	313	38	in	in	ADP
ftr-305	313	39	question	question	NOUN
ftr-305	313	40	is	be	AUX
ftr-305	313	41	situated	situate	VERB
ftr-305	313	42	,	,	PUNCT
ftr-305	313	43	”	"	PUNCT
ftr-305	313	44	said	say	VERB
ftr-305	313	45	that	that	SCONJ
ftr-305	313	46	“	"	PUNCT
ftr-305	313	47	[	[	X
ftr-305	313	48	t]he	t]he	ADJ
ftr-305	313	49	term	term	NOUN
ftr-305	313	50	shall	shall	AUX
ftr-305	313	51	in	in	ADP
ftr-305	313	52	any	any	DET
ftr-305	313	53	case	case	NOUN
ftr-305	313	54	include	include	VERB
ftr-305	313	55	property	property	NOUN
ftr-305	313	56	accessory	accessory	NOUN
ftr-305	313	57	to	to	PART
ftr-305	313	58	immovable	immovable	VERB
ftr-305	313	59	property	property	NOUN
ftr-305	313	60	,	,	PUNCT
ftr-305	313	61	livestock	livestock	NOUN
ftr-305	313	62	and	and	CCONJ
ftr-305	313	63	equipment	equipment	NOUN
ftr-305	313	64	used	use	VERB
ftr-305	313	65	in	in	ADP
ftr-305	313	66	agriculture	agriculture	NOUN
ftr-305	313	67	and	and	CCONJ
ftr-305	313	68	forestry	forestry	NOUN
ftr-305	313	69	,	,	PUNCT
ftr-305	313	70	rights	right	NOUN
ftr-305	313	71	to	to	PART
ftr-305	313	72	which	which	PRON
ftr-305	313	73	the	the	DET
ftr-305	313	74	provisions	provision	NOUN
ftr-305	313	75	of	of	ADP
ftr-305	313	76	general	general	ADJ
ftr-305	313	77	law	law	NOUN
ftr-305	313	78	respecting	respect	VERB
ftr-305	313	79	landed	land	VERB
ftr-305	313	80	property	property	NOUN
ftr-305	313	81	apply	apply	NOUN
ftr-305	313	82	,	,	PUNCT
ftr-305	313	83	usufruct[s	usufruct[s	ADP
ftr-305	313	84	]	]	PUNCT
ftr-305	313	85	of	of	ADP
ftr-305	313	86	immovable	immovable	ADJ
ftr-305	313	87	property	property	NOUN
ftr-305	313	88	and	and	CCONJ
ftr-305	313	89	rights	right	NOUN
ftr-305	313	90	to	to	ADP
ftr-305	313	91	variable	variable	ADJ
ftr-305	313	92	or	or	CCONJ
ftr-305	313	93	fixed	fix	VERB
ftr-305	313	94	payments	payment	NOUN
ftr-305	313	95	as	as	ADP
ftr-305	313	96	consideration	consideration	NOUN
ftr-305	313	97	for	for	ADP
ftr-305	313	98	16	16	NUM
ftr-305	313	99	florida	florida	PROPN
ftr-305	313	100	tax	tax	NOUN
ftr-305	313	101	review	review	NOUN
ftr-305	314	1	[	[	X
ftr-305	314	2	vol	vol	NOUN
ftr-305	314	3	.	.	PUNCT
ftr-305	315	1	14:1	14:1	NUM
ftr-305	315	2	definition	definition	NOUN
ftr-305	315	3	obviously	obviously	ADV
ftr-305	315	4	provides	provide	VERB
ftr-305	315	5	clarity	clarity	NOUN
ftr-305	315	6	,	,	PUNCT
ftr-305	315	7	but	but	CCONJ
ftr-305	315	8	the	the	DET
ftr-305	315	9	inclusion	inclusion	NOUN
ftr-305	315	10	of	of	ADP
ftr-305	315	11	options	option	NOUN
ftr-305	315	12	to	to	PART
ftr-305	315	13	acquire	acquire	VERB
ftr-305	315	14	land	land	NOUN
ftr-305	315	15	or	or	CCONJ
ftr-305	315	16	improvements	improvement	NOUN
ftr-305	315	17	or	or	CCONJ
ftr-305	315	18	leaseholds	leasehold	NOUN
ftr-305	315	19	on	on	ADP
ftr-305	315	20	land	land	NOUN
ftr-305	315	21	or	or	CCONJ
ftr-305	315	22	improvements	improvement	NOUN
ftr-305	315	23	is	be	AUX
ftr-305	315	24	odd	odd	ADJ
ftr-305	315	25	,	,	PUNCT
ftr-305	315	26	since	since	SCONJ
ftr-305	315	27	options	option	NOUN
ftr-305	315	28	are	be	AUX
ftr-305	315	29	not	not	PART
ftr-305	315	30	ordinarily	ordinarily	ADV
ftr-305	315	31	viewed	view	VERB
ftr-305	315	32	as	as	ADP
ftr-305	315	33	ownership	ownership	NOUN
ftr-305	315	34	;	;	PUNCT
ftr-305	315	35	and	and	CCONJ
ftr-305	315	36	the	the	DET
ftr-305	315	37	inclusion	inclusion	NOUN
ftr-305	315	38	in	in	ADP
ftr-305	315	39	an	an	DET
ftr-305	315	40	“	"	PUNCT
ftr-305	315	41	interest	interest	NOUN
ftr-305	315	42	”	"	PUNCT
ftr-305	315	43	of	of	ADP
ftr-305	315	44	any	any	DET
ftr-305	315	45	interest	interest	NOUN
ftr-305	315	46	other	other	ADJ
ftr-305	315	47	than	than	ADP
ftr-305	315	48	an	an	DET
ftr-305	315	49	interest	interest	NOUN
ftr-305	315	50	solely	solely	ADV
ftr-305	315	51	as	as	ADP
ftr-305	315	52	a	a	DET
ftr-305	315	53	creditor	creditor	NOUN
ftr-305	315	54	(	(	PUNCT
ftr-305	315	55	which	which	PRON
ftr-305	315	56	obviously	obviously	ADV
ftr-305	315	57	duplicates	duplicate	VERB
ftr-305	315	58	the	the	DET
ftr-305	315	59	inclusion	inclusion	NOUN
ftr-305	315	60	of	of	ADP
ftr-305	315	61	options	option	NOUN
ftr-305	315	62	)	)	PUNCT
ftr-305	315	63	took	take	VERB
ftr-305	315	64	the	the	DET
ftr-305	315	65	potential	potential	ADJ
ftr-305	315	66	scope	scope	NOUN
ftr-305	315	67	of	of	ADP
ftr-305	315	68	firpta	firpta	NOUN
ftr-305	315	69	far	far	ADV
ftr-305	315	70	beyond	beyond	ADP
ftr-305	315	71	what	what	PRON
ftr-305	315	72	had	have	AUX
ftr-305	315	73	been	be	AUX
ftr-305	315	74	the	the	DET
ftr-305	315	75	rule	rule	NOUN
ftr-305	315	76	before	before	ADV
ftr-305	315	77	.	.	PUNCT
ftr-305	316	1	d.	d.	PROPN
ftr-305	316	2	firpta	firpta	PROPN
ftr-305	316	3	and	and	CCONJ
ftr-305	316	4	income	income	NOUN
ftr-305	316	5	tax	tax	NOUN
ftr-305	316	6	treaties	treaty	NOUN
ftr-305	316	7	firpta	firpta	NOUN
ftr-305	316	8	diverged	diverge	VERB
ftr-305	316	9	sharply	sharply	ADV
ftr-305	316	10	from	from	ADP
ftr-305	316	11	existing	exist	VERB
ftr-305	316	12	u.s	u.s	PROPN
ftr-305	316	13	.	.	PROPN
ftr-305	316	14	law	law	NOUN
ftr-305	316	15	,	,	PUNCT
ftr-305	316	16	including	include	VERB
ftr-305	316	17	from	from	ADP
ftr-305	316	18	u.s	u.s	PROPN
ftr-305	316	19	.	.	PROPN
ftr-305	316	20	tax	tax	NOUN
ftr-305	316	21	treaties	treaty	NOUN
ftr-305	316	22	.	.	PUNCT
ftr-305	317	1	treaties	treaty	NOUN
ftr-305	317	2	commonly	commonly	ADV
ftr-305	317	3	exempted	exempt	VERB
ftr-305	317	4	gain	gain	NOUN
ftr-305	317	5	of	of	ADP
ftr-305	317	6	a	a	DET
ftr-305	317	7	resident	resident	NOUN
ftr-305	317	8	of	of	ADP
ftr-305	317	9	one	one	NUM
ftr-305	317	10	state	state	NOUN
ftr-305	317	11	from	from	ADP
ftr-305	317	12	the	the	DET
ftr-305	317	13	sale	sale	NOUN
ftr-305	317	14	of	of	ADP
ftr-305	317	15	shares	share	NOUN
ftr-305	317	16	of	of	ADP
ftr-305	317	17	a	a	DET
ftr-305	317	18	corporation	corporation	NOUN
ftr-305	317	19	resident	resident	NOUN
ftr-305	317	20	in	in	ADP
ftr-305	317	21	the	the	DET
ftr-305	317	22	other	other	ADJ
ftr-305	317	23	state	state	NOUN
ftr-305	317	24	from	from	ADP
ftr-305	317	25	tax	tax	NOUN
ftr-305	317	26	by	by	ADP
ftr-305	317	27	the	the	DET
ftr-305	317	28	state	state	NOUN
ftr-305	317	29	of	of	ADP
ftr-305	317	30	the	the	DET
ftr-305	317	31	corporation	corporation	NOUN
ftr-305	317	32	’s	’	VERB
ftr-305	317	33	residence.59	residence.59	VERB
ftr-305	317	34	the	the	DET
ftr-305	317	35	exemption	exemption	NOUN
ftr-305	317	36	was	be	AUX
ftr-305	317	37	in	in	ADP
ftr-305	317	38	both	both	CCONJ
ftr-305	317	39	the	the	DET
ftr-305	317	40	u.s	u.s	PROPN
ftr-305	317	41	.	.	PROPN
ftr-305	317	42	and	and	CCONJ
ftr-305	317	43	the	the	DET
ftr-305	317	44	oecd	oecd	PROPN
ftr-305	317	45	model	model	NOUN
ftr-305	317	46	treaties.60	treaties.60	PROPN
ftr-305	317	47	the	the	DET
ftr-305	317	48	treasury	treasury	PROPN
ftr-305	317	49	study	study	NOUN
ftr-305	317	50	noted	note	VERB
ftr-305	317	51	that	that	SCONJ
ftr-305	317	52	taxing	tax	VERB
ftr-305	317	53	foreign	foreign	ADJ
ftr-305	317	54	investors	investor	NOUN
ftr-305	317	55	on	on	ADP
ftr-305	317	56	gain	gain	NOUN
ftr-305	317	57	from	from	ADP
ftr-305	317	58	the	the	DET
ftr-305	317	59	disposition	disposition	NOUN
ftr-305	317	60	of	of	ADP
ftr-305	317	61	directly	directly	ADV
ftr-305	317	62	-	-	PUNCT
ftr-305	317	63	held	hold	VERB
ftr-305	317	64	real	real	ADJ
ftr-305	317	65	property	property	NOUN
ftr-305	317	66	was	be	AUX
ftr-305	317	67	consistent	consistent	ADJ
ftr-305	317	68	with	with	ADP
ftr-305	317	69	international	international	ADJ
ftr-305	317	70	standards	standard	NOUN
ftr-305	317	71	(	(	PUNCT
ftr-305	317	72	and	and	CCONJ
ftr-305	317	73	,	,	PUNCT
ftr-305	317	74	indeed	indeed	ADV
ftr-305	317	75	,	,	PUNCT
ftr-305	317	76	that	that	SCONJ
ftr-305	317	77	the	the	DET
ftr-305	317	78	pre	pre	ADJ
ftr-305	317	79	-	-	ADJ
ftr-305	317	80	firpta	firpta	ADJ
ftr-305	317	81	exemption	exemption	NOUN
ftr-305	317	82	for	for	ADP
ftr-305	317	83	non	non	ADJ
ftr-305	317	84	-	-	ADJ
ftr-305	317	85	effectively	effectively	ADV
ftr-305	317	86	connected	connected	ADJ
ftr-305	317	87	gain	gain	NOUN
ftr-305	317	88	from	from	ADP
ftr-305	317	89	the	the	DET
ftr-305	317	90	disposition	disposition	NOUN
ftr-305	317	91	of	of	ADP
ftr-305	317	92	real	real	ADJ
ftr-305	317	93	property	property	NOUN
ftr-305	317	94	was	be	AUX
ftr-305	317	95	“	"	PUNCT
ftr-305	317	96	unusual	unusual	ADJ
ftr-305	317	97	by	by	ADP
ftr-305	317	98	international	international	ADJ
ftr-305	317	99	standards	standard	NOUN
ftr-305	317	100	.	.	PUNCT
ftr-305	318	1	”)61	”)61	PROPN
ftr-305	318	2	it	it	PRON
ftr-305	318	3	also	also	ADV
ftr-305	318	4	stated	state	VERB
ftr-305	318	5	,	,	PUNCT
ftr-305	318	6	however	however	ADV
ftr-305	318	7	,	,	PUNCT
ftr-305	318	8	that	that	SCONJ
ftr-305	318	9	taxing	tax	VERB
ftr-305	318	10	a	a	DET
ftr-305	318	11	foreign	foreign	ADJ
ftr-305	318	12	person	person	NOUN
ftr-305	318	13	on	on	ADP
ftr-305	318	14	gain	gain	NOUN
ftr-305	318	15	on	on	ADP
ftr-305	318	16	the	the	DET
ftr-305	318	17	sale	sale	NOUN
ftr-305	318	18	of	of	ADP
ftr-305	318	19	shares	share	NOUN
ftr-305	318	20	of	of	ADP
ftr-305	318	21	a	a	DET
ftr-305	318	22	u.s	u.s	PROPN
ftr-305	318	23	.	.	PROPN
ftr-305	318	24	corporation	corporation	NOUN
ftr-305	318	25	“	"	PUNCT
ftr-305	318	26	would	would	AUX
ftr-305	318	27	not	not	PART
ftr-305	318	28	be	be	AUX
ftr-305	318	29	justified	justify	VERB
ftr-305	318	30	by	by	ADP
ftr-305	318	31	general	general	ADJ
ftr-305	318	32	international	international	ADJ
ftr-305	318	33	practice	practice	NOUN
ftr-305	318	34	and	and	CCONJ
ftr-305	318	35	would	would	AUX
ftr-305	318	36	,	,	PUNCT
ftr-305	318	37	in	in	ADP
ftr-305	318	38	fact	fact	NOUN
ftr-305	318	39	,	,	PUNCT
ftr-305	318	40	run	run	VERB
ftr-305	318	41	contrary	contrary	ADV
ftr-305	318	42	to	to	ADP
ftr-305	318	43	u.s	u.s	PROPN
ftr-305	318	44	.	.	PROPN
ftr-305	318	45	tax	tax	NOUN
ftr-305	318	46	treaties	treaty	NOUN
ftr-305	318	47	.	.	PUNCT
ftr-305	319	1	”62	”62	PROPN
ftr-305	319	2	congress	congress	PROPN
ftr-305	319	3	nonetheless	nonetheless	ADV
ftr-305	319	4	proceeded	proceed	VERB
ftr-305	319	5	to	to	PART
ftr-305	319	6	override	override	VERB
ftr-305	319	7	tax	tax	NOUN
ftr-305	319	8	treaties	treaty	NOUN
ftr-305	319	9	that	that	PRON
ftr-305	319	10	would	would	AUX
ftr-305	319	11	otherwise	otherwise	ADV
ftr-305	319	12	have	have	AUX
ftr-305	319	13	barred	bar	VERB
ftr-305	319	14	the	the	DET
ftr-305	319	15	taxation	taxation	NOUN
ftr-305	319	16	of	of	ADP
ftr-305	319	17	sales	sale	NOUN
ftr-305	319	18	by	by	ADP
ftr-305	319	19	foreign	foreign	ADJ
ftr-305	319	20	persons	person	NOUN
ftr-305	319	21	of	of	ADP
ftr-305	319	22	shares	share	NOUN
ftr-305	319	23	of	of	ADP
ftr-305	319	24	a	a	DET
ftr-305	319	25	usrphc	usrphc	NOUN
ftr-305	319	26	.	.	PUNCT
ftr-305	320	1	picking	pick	VERB
ftr-305	320	2	up	up	ADP
ftr-305	320	3	on	on	ADP
ftr-305	320	4	a	a	DET
ftr-305	320	5	suggestion	suggestion	NOUN
ftr-305	320	6	in	in	ADP
ftr-305	320	7	the	the	DET
ftr-305	320	8	treasury	treasury	NOUN
ftr-305	320	9	study,63	study,63	VERB
ftr-305	320	10	however	however	ADV
ftr-305	320	11	,	,	PUNCT
ftr-305	320	12	the	the	DET
ftr-305	320	13	working	working	NOUN
ftr-305	320	14	of	of	ADP
ftr-305	320	15	,	,	PUNCT
ftr-305	320	16	or	or	CCONJ
ftr-305	320	17	the	the	DET
ftr-305	320	18	right	right	NOUN
ftr-305	320	19	to	to	PART
ftr-305	320	20	work	work	VERB
ftr-305	320	21	,	,	PUNCT
ftr-305	320	22	mineral	mineral	NOUN
ftr-305	320	23	deposits	deposit	NOUN
ftr-305	320	24	,	,	PUNCT
ftr-305	320	25	sources	source	NOUN
ftr-305	320	26	and	and	CCONJ
ftr-305	320	27	other	other	ADJ
ftr-305	320	28	natural	natural	ADJ
ftr-305	320	29	resources	resource	NOUN
ftr-305	320	30	.	.	PUNCT
ftr-305	320	31	.	.	PUNCT
ftr-305	320	32	.	.	PUNCT
ftr-305	320	33	”	"	PUNCT
ftr-305	321	1	and	and	CCONJ
ftr-305	321	2	also	also	ADV
ftr-305	321	3	that	that	SCONJ
ftr-305	321	4	the	the	DET
ftr-305	321	5	right	right	NOUN
ftr-305	321	6	to	to	PART
ftr-305	321	7	tax	tax	NOUN
ftr-305	321	8	income	income	NOUN
ftr-305	321	9	derived	derive	VERB
ftr-305	321	10	from	from	ADP
ftr-305	321	11	immovable	immovable	ADJ
ftr-305	321	12	property	property	NOUN
ftr-305	321	13	“	"	PUNCT
ftr-305	321	14	shall	shall	AUX
ftr-305	321	15	apply	apply	VERB
ftr-305	321	16	to	to	ADP
ftr-305	321	17	income	income	NOUN
ftr-305	321	18	derived	derive	VERB
ftr-305	321	19	from	from	ADP
ftr-305	321	20	the	the	DET
ftr-305	321	21	direct	direct	ADJ
ftr-305	321	22	use	use	NOUN
ftr-305	321	23	,	,	PUNCT
ftr-305	321	24	letting	let	VERB
ftr-305	321	25	,	,	PUNCT
ftr-305	321	26	or	or	CCONJ
ftr-305	321	27	use	use	VERB
ftr-305	321	28	in	in	ADP
ftr-305	321	29	any	any	DET
ftr-305	321	30	other	other	ADJ
ftr-305	321	31	form	form	NOUN
ftr-305	321	32	”	"	PUNCT
ftr-305	321	33	of	of	ADP
ftr-305	321	34	the	the	DET
ftr-305	321	35	property	property	NOUN
ftr-305	321	36	.	.	PUNCT
ftr-305	322	1	59	59	NUM
ftr-305	322	2	.	.	PUNCT
ftr-305	323	1	e.g.	e.g.	ADV
ftr-305	323	2	,	,	PUNCT
ftr-305	323	3	convention	convention	NOUN
ftr-305	323	4	between	between	ADP
ftr-305	323	5	the	the	DET
ftr-305	323	6	united	united	PROPN
ftr-305	323	7	states	states	PROPN
ftr-305	323	8	of	of	ADP
ftr-305	323	9	america	america	PROPN
ftr-305	323	10	and	and	CCONJ
ftr-305	323	11	canada	canada	PROPN
ftr-305	323	12	with	with	ADP
ftr-305	323	13	respect	respect	NOUN
ftr-305	323	14	to	to	ADP
ftr-305	323	15	taxes	taxis	NOUN
ftr-305	323	16	on	on	ADP
ftr-305	323	17	income	income	NOUN
ftr-305	323	18	and	and	CCONJ
ftr-305	323	19	on	on	ADP
ftr-305	323	20	capital	capital	NOUN
ftr-305	323	21	,	,	PUNCT
ftr-305	323	22	sept	sept	PROPN
ftr-305	323	23	.	.	PROPN
ftr-305	323	24	26	26	NUM
ftr-305	323	25	,	,	PUNCT
ftr-305	323	26	1980	1980	NUM
ftr-305	323	27	;	;	PUNCT
ftr-305	323	28	convention	convention	NOUN
ftr-305	323	29	between	between	ADP
ftr-305	323	30	the	the	DET
ftr-305	323	31	united	united	PROPN
ftr-305	323	32	states	states	PROPN
ftr-305	323	33	of	of	ADP
ftr-305	323	34	america	america	PROPN
ftr-305	323	35	and	and	CCONJ
ftr-305	323	36	the	the	DET
ftr-305	323	37	kingdom	kingdom	NOUN
ftr-305	323	38	of	of	ADP
ftr-305	323	39	the	the	DET
ftr-305	323	40	netherlands	netherlands	PROPN
ftr-305	323	41	for	for	ADP
ftr-305	323	42	the	the	DET
ftr-305	323	43	avoidance	avoidance	NOUN
ftr-305	323	44	of	of	ADP
ftr-305	323	45	double	double	ADJ
ftr-305	323	46	taxation	taxation	NOUN
ftr-305	323	47	and	and	CCONJ
ftr-305	323	48	the	the	DET
ftr-305	323	49	prevention	prevention	NOUN
ftr-305	323	50	of	of	ADP
ftr-305	323	51	fiscal	fiscal	ADJ
ftr-305	323	52	evasion	evasion	NOUN
ftr-305	323	53	with	with	ADP
ftr-305	323	54	respect	respect	NOUN
ftr-305	323	55	to	to	ADP
ftr-305	323	56	taxes	taxis	NOUN
ftr-305	323	57	on	on	ADP
ftr-305	323	58	income	income	NOUN
ftr-305	323	59	,	,	PUNCT
ftr-305	323	60	dec	dec	PROPN
ftr-305	323	61	.	.	PROPN
ftr-305	323	62	18	18	NUM
ftr-305	323	63	,	,	PUNCT
ftr-305	323	64	1992	1992	NUM
ftr-305	323	65	.	.	PUNCT
ftr-305	324	1	and	and	CCONJ
ftr-305	324	2	the	the	DET
ftr-305	324	3	extension	extension	NOUN
ftr-305	324	4	of	of	ADP
ftr-305	324	5	the	the	DET
ftr-305	324	6	tax	tax	NOUN
ftr-305	324	7	to	to	ADP
ftr-305	324	8	options	option	NOUN
ftr-305	324	9	and	and	CCONJ
ftr-305	324	10	other	other	ADJ
ftr-305	324	11	non	non	ADJ
ftr-305	324	12	-	-	ADJ
ftr-305	324	13	ownership	ownership	ADJ
ftr-305	324	14	“	"	PUNCT
ftr-305	324	15	interests	interest	NOUN
ftr-305	324	16	”	"	PUNCT
ftr-305	324	17	in	in	ADP
ftr-305	324	18	real	real	ADJ
ftr-305	324	19	property	property	NOUN
ftr-305	324	20	might	might	AUX
ftr-305	324	21	also	also	ADV
ftr-305	324	22	be	be	AUX
ftr-305	324	23	viewed	view	VERB
ftr-305	324	24	as	as	ADP
ftr-305	324	25	inconsistent	inconsistent	ADJ
ftr-305	324	26	with	with	ADP
ftr-305	324	27	treaty	treaty	NOUN
ftr-305	324	28	obligations	obligation	NOUN
ftr-305	324	29	.	.	PUNCT
ftr-305	325	1	60	60	NUM
ftr-305	325	2	.	.	PUNCT
ftr-305	326	1	e.g.	e.g.	ADV
ftr-305	326	2	,	,	PUNCT
ftr-305	326	3	1977	1977	NUM
ftr-305	326	4	model	model	NOUN
ftr-305	326	5	treaty	treaty	NOUN
ftr-305	326	6	,	,	PUNCT
ftr-305	326	7	supra	supra	PROPN
ftr-305	326	8	note	note	PROPN
ftr-305	326	9	58	58	NUM
ftr-305	326	10	,	,	PUNCT
ftr-305	326	11	at	at	ADP
ftr-305	326	12	art	art	NOUN
ftr-305	326	13	.	.	PUNCT
ftr-305	327	1	13	13	NUM
ftr-305	327	2	,	,	PUNCT
ftr-305	327	3	¶	¶	NOUN
ftr-305	327	4	4	4	NUM
ftr-305	327	5	;	;	PUNCT
ftr-305	327	6	organization	organization	NOUN
ftr-305	327	7	for	for	ADP
ftr-305	327	8	economic	economic	ADJ
ftr-305	327	9	co	co	NOUN
ftr-305	327	10	-	-	NOUN
ftr-305	327	11	operation	operation	NOUN
ftr-305	327	12	and	and	CCONJ
ftr-305	327	13	development	development	NOUN
ftr-305	327	14	,	,	PUNCT
ftr-305	327	15	model	model	NOUN
ftr-305	327	16	tax	tax	NOUN
ftr-305	327	17	convention	convention	NOUN
ftr-305	327	18	on	on	ADP
ftr-305	327	19	income	income	NOUN
ftr-305	327	20	and	and	CCONJ
ftr-305	327	21	on	on	ADP
ftr-305	327	22	capital	capital	NOUN
ftr-305	327	23	,	,	PUNCT
ftr-305	327	24	art	art	NOUN
ftr-305	327	25	.	.	PUNCT
ftr-305	328	1	13	13	NUM
ftr-305	328	2	,	,	PUNCT
ftr-305	328	3	¶	¶	NOUN
ftr-305	328	4	4	4	NUM
ftr-305	328	5	(	(	PUNCT
ftr-305	328	6	apr	apr	NOUN
ftr-305	328	7	.	.	PROPN
ftr-305	328	8	11	11	NUM
ftr-305	328	9	,	,	PUNCT
ftr-305	328	10	1977	1977	NUM
ftr-305	328	11	)	)	PUNCT
ftr-305	328	12	.	.	PUNCT
ftr-305	329	1	61	61	NUM
ftr-305	329	2	.	.	PUNCT
ftr-305	330	1	treasury	treasury	PROPN
ftr-305	330	2	study	study	PROPN
ftr-305	330	3	,	,	PUNCT
ftr-305	330	4	supra	supra	PROPN
ftr-305	330	5	note	note	PROPN
ftr-305	330	6	28	28	NUM
ftr-305	330	7	,	,	PUNCT
ftr-305	330	8	at	at	ADP
ftr-305	330	9	52	52	NUM
ftr-305	330	10	62	62	NUM
ftr-305	330	11	.	.	PUNCT
ftr-305	331	1	i	i	PRON
ftr-305	331	2	d.	d.	PROPN
ftr-305	331	3	at	at	ADP
ftr-305	331	4	52–53	52–53	NUM
ftr-305	331	5	.	.	PUNCT
ftr-305	332	1	63	63	NUM
ftr-305	332	2	.	.	PUNCT
ftr-305	333	1	i	i	PRON
ftr-305	333	2	d.	d.	PROPN
ftr-305	333	3	at	at	ADP
ftr-305	333	4	54	54	NUM
ftr-305	333	5	(	(	PUNCT
ftr-305	333	6	“	"	PUNCT
ftr-305	333	7	[	[	X
ftr-305	333	8	t]here	t]here	NOUN
ftr-305	333	9	should	should	AUX
ftr-305	333	10	be	be	AUX
ftr-305	333	11	considerably	considerably	ADV
ftr-305	333	12	less	less	ADV
ftr-305	333	13	international	international	ADJ
ftr-305	333	14	objection	objection	NOUN
ftr-305	333	15	to	to	ADP
ftr-305	333	16	a	a	DET
ftr-305	333	17	prospective	prospective	ADJ
ftr-305	333	18	override	override	NOUN
ftr-305	333	19	of	of	ADP
ftr-305	333	20	.	.	PUNCT
ftr-305	333	21	.	.	PUNCT
ftr-305	334	1	.	.	PUNCT
ftr-305	335	1	treaties	treaty	NOUN
ftr-305	335	2	,	,	PUNCT
ftr-305	335	3	coupled	couple	VERB
ftr-305	335	4	with	with	ADP
ftr-305	335	5	a	a	DET
ftr-305	335	6	sufficient	sufficient	ADJ
ftr-305	335	7	time	time	NOUN
ftr-305	335	8	lag	lag	VERB
ftr-305	335	9	so	so	SCONJ
ftr-305	335	10	that	that	SCONJ
ftr-305	335	11	reciprocal	reciprocal	ADJ
ftr-305	335	12	international	international	ADJ
ftr-305	335	13	agreements	agreement	NOUN
ftr-305	335	14	on	on	ADP
ftr-305	335	15	limited	limited	ADJ
ftr-305	335	16	taxation	taxation	NOUN
ftr-305	335	17	of	of	ADP
ftr-305	335	18	shares	share	NOUN
ftr-305	335	19	can	can	AUX
ftr-305	335	20	be	be	AUX
ftr-305	335	21	negotiated	negotiate	VERB
ftr-305	335	22	.	.	PUNCT
ftr-305	335	23	”	"	PUNCT
ftr-305	335	24	)	)	PUNCT
ftr-305	335	25	.	.	PUNCT
ftr-305	336	1	2013	2013	NUM
ftr-305	336	2	]	]	PUNCT
ftr-305	336	3	suppose	suppose	VERB
ftr-305	336	4	firpta	firpta	NOUN
ftr-305	336	5	was	be	AUX
ftr-305	336	6	repealed	repeal	VERB
ftr-305	336	7	17	17	NUM
ftr-305	336	8	firpta	firpta	NOUN
ftr-305	336	9	sought	seek	VERB
ftr-305	336	10	to	to	PART
ftr-305	336	11	mitigate	mitigate	VERB
ftr-305	336	12	the	the	DET
ftr-305	336	13	treaty	treaty	NOUN
ftr-305	336	14	override	override	NOUN
ftr-305	336	15	by	by	ADP
ftr-305	336	16	deferring	defer	VERB
ftr-305	336	17	for	for	ADP
ftr-305	336	18	some	some	DET
ftr-305	336	19	four	four	NUM
ftr-305	336	20	plus	plus	CCONJ
ftr-305	336	21	years	year	NOUN
ftr-305	336	22	the	the	DET
ftr-305	336	23	effective	effective	ADJ
ftr-305	336	24	date	date	NOUN
ftr-305	336	25	of	of	ADP
ftr-305	336	26	firpta	firpta	NOUN
ftr-305	336	27	in	in	ADP
ftr-305	336	28	a	a	DET
ftr-305	336	29	case	case	NOUN
ftr-305	336	30	where	where	SCONJ
ftr-305	336	31	taxing	tax	VERB
ftr-305	336	32	gain	gain	NOUN
ftr-305	336	33	from	from	ADP
ftr-305	336	34	the	the	DET
ftr-305	336	35	sale	sale	NOUN
ftr-305	336	36	of	of	ADP
ftr-305	336	37	shares	share	NOUN
ftr-305	336	38	in	in	ADP
ftr-305	336	39	a	a	DET
ftr-305	336	40	usrphc	usrphc	NOUN
ftr-305	336	41	would	would	AUX
ftr-305	336	42	be	be	AUX
ftr-305	336	43	inconsistent	inconsistent	ADJ
ftr-305	336	44	with	with	ADP
ftr-305	336	45	a	a	DET
ftr-305	336	46	treaty	treaty	NOUN
ftr-305	336	47	and	and	CCONJ
ftr-305	336	48	by	by	ADP
ftr-305	336	49	allowing	allow	VERB
ftr-305	336	50	treaties	treaty	NOUN
ftr-305	336	51	renegotiated	renegotiate	VERB
ftr-305	336	52	during	during	ADP
ftr-305	336	53	the	the	DET
ftr-305	336	54	four	four	NUM
ftr-305	336	55	year	year	NOUN
ftr-305	336	56	window	window	NOUN
ftr-305	336	57	to	to	PART
ftr-305	336	58	defer	defer	VERB
ftr-305	336	59	the	the	DET
ftr-305	336	60	effective	effective	ADJ
ftr-305	336	61	date	date	NOUN
ftr-305	336	62	for	for	ADP
ftr-305	336	63	a	a	DET
ftr-305	336	64	further	further	ADJ
ftr-305	336	65	two	two	NUM
ftr-305	336	66	years.64	years.64	PROPN
ftr-305	336	67	firpta	firpta	NOUN
ftr-305	336	68	’s	’s	PART
ftr-305	336	69	treaty	treaty	NOUN
ftr-305	336	70	override	override	NOUN
ftr-305	336	71	was	be	AUX
ftr-305	336	72	nonetheless	nonetheless	ADV
ftr-305	336	73	criticized	criticize	VERB
ftr-305	336	74	by	by	ADP
ftr-305	336	75	the	the	DET
ftr-305	336	76	subsequent	subsequent	ADJ
ftr-305	336	77	oecd	oecd	PROPN
ftr-305	336	78	report	report	NOUN
ftr-305	336	79	on	on	ADP
ftr-305	336	80	treaty	treaty	NOUN
ftr-305	336	81	overrides.65	overrides.65	ADP
ftr-305	336	82	the	the	DET
ftr-305	336	83	treatment	treatment	NOUN
ftr-305	336	84	of	of	ADP
ftr-305	336	85	foreign	foreign	ADJ
ftr-305	336	86	corporations	corporation	NOUN
ftr-305	336	87	under	under	ADP
ftr-305	336	88	firpta	firpta	NOUN
ftr-305	336	89	(	(	PUNCT
ftr-305	336	90	for	for	ADP
ftr-305	336	91	example	example	NOUN
ftr-305	336	92	,	,	PUNCT
ftr-305	336	93	the	the	DET
ftr-305	336	94	recognition	recognition	NOUN
ftr-305	336	95	of	of	ADP
ftr-305	336	96	gain	gain	NOUN
ftr-305	336	97	by	by	ADP
ftr-305	336	98	a	a	DET
ftr-305	336	99	foreign	foreign	ADJ
ftr-305	336	100	corporation	corporation	NOUN
ftr-305	336	101	that	that	PRON
ftr-305	336	102	distributed	distribute	VERB
ftr-305	336	103	an	an	DET
ftr-305	336	104	interest	interest	NOUN
ftr-305	336	105	in	in	ADP
ftr-305	336	106	usrp	usrp	NOUN
ftr-305	336	107	to	to	ADP
ftr-305	336	108	a	a	DET
ftr-305	336	109	shareholder	shareholder	NOUN
ftr-305	336	110	)	)	PUNCT
ftr-305	336	111	,	,	PUNCT
ftr-305	336	112	because	because	SCONJ
ftr-305	336	113	it	it	PRON
ftr-305	336	114	did	do	AUX
ftr-305	336	115	not	not	PART
ftr-305	336	116	conform	conform	VERB
ftr-305	336	117	to	to	ADP
ftr-305	336	118	the	the	DET
ftr-305	336	119	treatment	treatment	NOUN
ftr-305	336	120	of	of	ADP
ftr-305	336	121	u.s	u.s	PROPN
ftr-305	336	122	.	.	PROPN
ftr-305	336	123	corporations	corporation	NOUN
ftr-305	336	124	,	,	PUNCT
ftr-305	336	125	could	could	AUX
ftr-305	336	126	also	also	ADV
ftr-305	336	127	be	be	AUX
ftr-305	336	128	seen	see	VERB
ftr-305	336	129	as	as	ADP
ftr-305	336	130	violating	violate	VERB
ftr-305	336	131	the	the	DET
ftr-305	336	132	general	general	ADJ
ftr-305	336	133	anti	anti	NOUN
ftr-305	336	134	-	-	NOUN
ftr-305	336	135	discrimination	discrimination	NOUN
ftr-305	336	136	of	of	ADP
ftr-305	336	137	provisions	provision	NOUN
ftr-305	336	138	of	of	ADP
ftr-305	336	139	u.s	u.s	PROPN
ftr-305	336	140	.	.	PROPN
ftr-305	336	141	tax	tax	NOUN
ftr-305	336	142	treaties.66	treaties.66	NOUN
ftr-305	336	143	firpta	firpta	NOUN
ftr-305	336	144	addressed	address	VERB
ftr-305	336	145	this	this	PRON
ftr-305	336	146	by	by	ADP
ftr-305	336	147	allowing	allow	VERB
ftr-305	336	148	a	a	DET
ftr-305	336	149	foreign	foreign	ADJ
ftr-305	336	150	corporation	corporation	NOUN
ftr-305	336	151	to	to	PART
ftr-305	336	152	elect	elect	VERB
ftr-305	336	153	to	to	PART
ftr-305	336	154	be	be	AUX
ftr-305	336	155	a	a	DET
ftr-305	336	156	u.s	u.s	PROPN
ftr-305	336	157	.	.	PROPN
ftr-305	336	158	corporation.67	corporation.67	PROPN
ftr-305	336	159	it	it	PRON
ftr-305	336	160	thus	thus	ADV
ftr-305	336	161	provided	provide	VERB
ftr-305	336	162	that	that	SCONJ
ftr-305	336	163	in	in	ADP
ftr-305	336	164	such	such	DET
ftr-305	336	165	a	a	DET
ftr-305	336	166	case	case	NOUN
ftr-305	336	167	(	(	PUNCT
ftr-305	336	168	that	that	PRON
ftr-305	336	169	is	is	ADV
ftr-305	336	170	,	,	PUNCT
ftr-305	336	171	where	where	SCONJ
ftr-305	336	172	“	"	PUNCT
ftr-305	336	173	the	the	DET
ftr-305	336	174	foreign	foreign	ADJ
ftr-305	336	175	corporation	corporation	NOUN
ftr-305	336	176	is	be	AUX
ftr-305	336	177	entitled	entitle	VERB
ftr-305	336	178	to	to	ADP
ftr-305	336	179	nondiscriminatory	nondiscriminatory	ADJ
ftr-305	336	180	treatment	treatment	NOUN
ftr-305	336	181	with	with	ADP
ftr-305	336	182	respect	respect	NOUN
ftr-305	336	183	to	to	ADP
ftr-305	336	184	”	"	PUNCT
ftr-305	336	185	an	an	DET
ftr-305	336	186	interest	interest	NOUN
ftr-305	336	187	in	in	ADP
ftr-305	336	188	the	the	DET
ftr-305	336	189	usrp	usrp	NOUN
ftr-305	336	190	)	)	PUNCT
ftr-305	336	191	the	the	DET
ftr-305	336	192	corporation	corporation	NOUN
ftr-305	336	193	could	could	AUX
ftr-305	336	194	elect	elect	VERB
ftr-305	336	195	to	to	PART
ftr-305	336	196	be	be	AUX
ftr-305	336	197	a	a	DET
ftr-305	336	198	u.s	u.s	PROPN
ftr-305	336	199	.	.	PROPN
ftr-305	336	200	corporation	corporation	NOUN
ftr-305	336	201	(	(	PUNCT
ftr-305	336	202	and	and	CCONJ
ftr-305	336	203	thus	thus	ADV
ftr-305	336	204	waive	waive	VERB
ftr-305	336	205	treaty	treaty	NOUN
ftr-305	336	206	protection	protection	NOUN
ftr-305	336	207	)	)	PUNCT
ftr-305	336	208	and	and	CCONJ
ftr-305	336	209	that	that	SCONJ
ftr-305	336	210	this	this	PRON
ftr-305	336	211	would	would	AUX
ftr-305	336	212	be	be	AUX
ftr-305	336	213	“	"	PUNCT
ftr-305	336	214	the	the	DET
ftr-305	336	215	exclusive	exclusive	ADJ
ftr-305	336	216	remedy	remedy	NOUN
ftr-305	336	217	”	"	PUNCT
ftr-305	336	218	for	for	ADP
ftr-305	336	219	any	any	DET
ftr-305	336	220	corporation	corporation	NOUN
ftr-305	336	221	asserting	assert	VERB
ftr-305	336	222	discrimination.68	discrimination.68	PROPN
ftr-305	336	223	64	64	NUM
ftr-305	336	224	.	.	PUNCT
ftr-305	337	1	omnibus	omnibus	NOUN
ftr-305	337	2	reconciliation	reconciliation	NOUN
ftr-305	337	3	act	act	NOUN
ftr-305	337	4	of	of	ADP
ftr-305	337	5	1980	1980	NUM
ftr-305	337	6	,	,	PUNCT
ftr-305	337	7	pub	pub	NOUN
ftr-305	337	8	.	.	PUNCT
ftr-305	338	1	l.	l.	PROPN
ftr-305	338	2	no	no	INTJ
ftr-305	338	3	.	.	PROPN
ftr-305	339	1	96	96	NUM
ftr-305	339	2	-	-	SYM
ftr-305	339	3	499	499	NUM
ftr-305	339	4	,	,	PUNCT
ftr-305	339	5	§	§	PROPN
ftr-305	339	6	1125(c	1125(c	PROPN
ftr-305	339	7	)	)	PUNCT
ftr-305	339	8	,	,	PUNCT
ftr-305	339	9	94	94	NUM
ftr-305	339	10	stat	stat	NOUN
ftr-305	339	11	.	.	PUNCT
ftr-305	340	1	2599	2599	NUM
ftr-305	340	2	(	(	PUNCT
ftr-305	340	3	1980	1980	NUM
ftr-305	340	4	)	)	PUNCT
ftr-305	340	5	(	(	PUNCT
ftr-305	340	6	which	which	PRON
ftr-305	340	7	in	in	ADP
ftr-305	340	8	effect	effect	NOUN
ftr-305	340	9	deferred	defer	VERB
ftr-305	340	10	to	to	ADP
ftr-305	340	11	the	the	DET
ftr-305	340	12	treaty	treaty	NOUN
ftr-305	340	13	override	override	NOUN
ftr-305	340	14	from	from	ADP
ftr-305	340	15	june	june	PROPN
ftr-305	340	16	18	18	NUM
ftr-305	340	17	,	,	PUNCT
ftr-305	340	18	1980	1980	NUM
ftr-305	340	19	to	to	ADP
ftr-305	340	20	december	december	PROPN
ftr-305	340	21	31	31	NUM
ftr-305	340	22	,	,	PUNCT
ftr-305	340	23	1984	1984	NUM
ftr-305	340	24	)	)	PUNCT
ftr-305	340	25	.	.	PUNCT
ftr-305	341	1	65	65	NUM
ftr-305	341	2	.	.	PUNCT
ftr-305	342	1	see	see	VERB
ftr-305	342	2	oecd	oecd	PROPN
ftr-305	342	3	committee	committee	PROPN
ftr-305	342	4	on	on	ADP
ftr-305	342	5	fiscal	fiscal	ADJ
ftr-305	342	6	affairs	affair	NOUN
ftr-305	342	7	,	,	PUNCT
ftr-305	342	8	report	report	NOUN
ftr-305	342	9	on	on	ADP
ftr-305	342	10	tax	tax	NOUN
ftr-305	342	11	treaty	treaty	NOUN
ftr-305	342	12	overrides	override	VERB
ftr-305	342	13	,	,	PUNCT
ftr-305	342	14	2	2	NUM
ftr-305	342	15	tax	tax	NOUN
ftr-305	342	16	notes	note	NOUN
ftr-305	342	17	int’l	int’l	X
ftr-305	342	18	25	25	NUM
ftr-305	342	19	(	(	PUNCT
ftr-305	342	20	jan	jan	PROPN
ftr-305	342	21	.	.	PROPN
ftr-305	342	22	1	1	NUM
ftr-305	342	23	,	,	PUNCT
ftr-305	342	24	1990	1990	NUM
ftr-305	342	25	)	)	PUNCT
ftr-305	342	26	;	;	PUNCT
ftr-305	343	1	reuven	reuven	VERB
ftr-305	343	2	avi	avi	PROPN
ftr-305	343	3	-	-	PUNCT
ftr-305	343	4	yonah	yonah	ADJ
ftr-305	343	5	,	,	PUNCT
ftr-305	343	6	tax	tax	NOUN
ftr-305	343	7	treaty	treaty	NOUN
ftr-305	343	8	overrides	override	VERB
ftr-305	343	9	:	:	PUNCT
ftr-305	343	10	a	a	DET
ftr-305	343	11	qualified	qualified	ADJ
ftr-305	343	12	defense	defense	NOUN
ftr-305	343	13	of	of	ADP
ftr-305	343	14	u.s	u.s	PROPN
ftr-305	343	15	.	.	PROPN
ftr-305	343	16	practice	practice	NOUN
ftr-305	343	17	,	,	PUNCT
ftr-305	343	18	in	in	ADP
ftr-305	343	19	tax	tax	NOUN
ftr-305	343	20	treaties	treaty	NOUN
ftr-305	343	21	and	and	CCONJ
ftr-305	343	22	domestic	domestic	ADJ
ftr-305	343	23	law	law	NOUN
ftr-305	343	24	,	,	PUNCT
ftr-305	343	25	65–80	65–80	NUM
ftr-305	343	26	(	(	PUNCT
ftr-305	343	27	guglielmo	guglielmo	PROPN
ftr-305	343	28	maisto	maisto	PROPN
ftr-305	343	29	ed	ed	PROPN
ftr-305	343	30	.	.	PROPN
ftr-305	343	31	,	,	PUNCT
ftr-305	343	32	2006	2006	NUM
ftr-305	343	33	)	)	PUNCT
ftr-305	343	34	.	.	PUNCT
ftr-305	344	1	the	the	DET
ftr-305	344	2	oecd	oecd	PROPN
ftr-305	344	3	model	model	PROPN
ftr-305	344	4	treaty	treaty	NOUN
ftr-305	344	5	was	be	AUX
ftr-305	344	6	revised	revise	VERB
ftr-305	344	7	in	in	ADP
ftr-305	344	8	2003	2003	NUM
ftr-305	344	9	to	to	PART
ftr-305	344	10	permit	permit	VERB
ftr-305	344	11	the	the	DET
ftr-305	344	12	taxation	taxation	NOUN
ftr-305	344	13	of	of	ADP
ftr-305	344	14	gain	gain	NOUN
ftr-305	344	15	of	of	ADP
ftr-305	344	16	a	a	DET
ftr-305	344	17	resident	resident	NOUN
ftr-305	344	18	of	of	ADP
ftr-305	344	19	one	one	NUM
ftr-305	344	20	state	state	NOUN
ftr-305	344	21	from	from	ADP
ftr-305	344	22	the	the	DET
ftr-305	344	23	disposition	disposition	NOUN
ftr-305	344	24	of	of	ADP
ftr-305	344	25	shares	share	NOUN
ftr-305	344	26	of	of	ADP
ftr-305	344	27	a	a	DET
ftr-305	344	28	corporation	corporation	NOUN
ftr-305	344	29	of	of	ADP
ftr-305	344	30	the	the	DET
ftr-305	344	31	other	other	ADJ
ftr-305	344	32	state	state	NOUN
ftr-305	344	33	if	if	SCONJ
ftr-305	344	34	50	50	NUM
ftr-305	344	35	percent	percent	NOUN
ftr-305	344	36	or	or	CCONJ
ftr-305	344	37	more	more	ADJ
ftr-305	344	38	in	in	ADP
ftr-305	344	39	value	value	NOUN
ftr-305	344	40	of	of	ADP
ftr-305	344	41	the	the	DET
ftr-305	344	42	corporation	corporation	NOUN
ftr-305	344	43	was	be	AUX
ftr-305	344	44	attributable	attributable	ADJ
ftr-305	344	45	to	to	PART
ftr-305	344	46	immovable	immovable	VERB
ftr-305	344	47	property	property	NOUN
ftr-305	344	48	.	.	PUNCT
ftr-305	345	1	organization	organization	NOUN
ftr-305	345	2	for	for	ADP
ftr-305	345	3	economic	economic	ADJ
ftr-305	345	4	cooperation	cooperation	NOUN
ftr-305	345	5	and	and	CCONJ
ftr-305	345	6	development	development	NOUN
ftr-305	345	7	,	,	PUNCT
ftr-305	345	8	model	model	NOUN
ftr-305	345	9	tax	tax	NOUN
ftr-305	345	10	convention	convention	NOUN
ftr-305	345	11	on	on	ADP
ftr-305	345	12	income	income	NOUN
ftr-305	345	13	and	and	CCONJ
ftr-305	345	14	on	on	ADP
ftr-305	345	15	capital	capital	NOUN
ftr-305	345	16	,	,	PUNCT
ftr-305	345	17	art	art	NOUN
ftr-305	345	18	.	.	PUNCT
ftr-305	346	1	13	13	NUM
ftr-305	346	2	,	,	PUNCT
ftr-305	346	3	¶	¶	PROPN
ftr-305	346	4	4	4	NUM
ftr-305	346	5	(	(	PUNCT
ftr-305	346	6	jan	jan	PROPN
ftr-305	346	7	.	.	PROPN
ftr-305	346	8	1	1	NUM
ftr-305	346	9	,	,	PUNCT
ftr-305	346	10	2003	2003	NUM
ftr-305	346	11	)	)	PUNCT
ftr-305	346	12	66	66	NUM
ftr-305	346	13	.	.	PUNCT
ftr-305	347	1	e.g.	e.g.	ADV
ftr-305	347	2	,	,	PUNCT
ftr-305	347	3	1977	1977	NUM
ftr-305	347	4	model	model	NOUN
ftr-305	347	5	treaty	treaty	NOUN
ftr-305	347	6	,	,	PUNCT
ftr-305	347	7	supra	supra	PROPN
ftr-305	347	8	note	note	PROPN
ftr-305	347	9	58	58	NUM
ftr-305	347	10	,	,	PUNCT
ftr-305	347	11	at	at	ADP
ftr-305	347	12	art	art	NOUN
ftr-305	347	13	.	.	PUNCT
ftr-305	348	1	24	24	NUM
ftr-305	348	2	,	,	PUNCT
ftr-305	348	3	¶	¶	NOUN
ftr-305	348	4	1	1	NUM
ftr-305	348	5	(	(	PUNCT
ftr-305	348	6	which	which	PRON
ftr-305	348	7	provides	provide	VERB
ftr-305	348	8	that	that	SCONJ
ftr-305	348	9	“	"	PUNCT
ftr-305	348	10	[	[	X
ftr-305	348	11	n]ationals	n]ational	NOUN
ftr-305	348	12	of	of	ADP
ftr-305	348	13	a	a	DET
ftr-305	348	14	contracting	contracting	NOUN
ftr-305	348	15	state	state	NOUN
ftr-305	348	16	shall	shall	AUX
ftr-305	348	17	not	not	PART
ftr-305	348	18	be	be	AUX
ftr-305	348	19	subjected	subject	VERB
ftr-305	348	20	in	in	ADP
ftr-305	348	21	the	the	DET
ftr-305	348	22	other	other	ADJ
ftr-305	348	23	state	state	NOUN
ftr-305	348	24	to	to	ADP
ftr-305	348	25	any	any	DET
ftr-305	348	26	taxation	taxation	NOUN
ftr-305	348	27	or	or	CCONJ
ftr-305	348	28	any	any	DET
ftr-305	348	29	requirement	requirement	NOUN
ftr-305	348	30	connected	connect	VERB
ftr-305	348	31	therewith	therewith	NOUN
ftr-305	348	32	,	,	PUNCT
ftr-305	348	33	which	which	PRON
ftr-305	348	34	is	be	AUX
ftr-305	348	35	other	other	ADJ
ftr-305	348	36	or	or	CCONJ
ftr-305	348	37	more	more	ADV
ftr-305	348	38	burdensome	burdensome	ADJ
ftr-305	348	39	than	than	ADP
ftr-305	348	40	the	the	DET
ftr-305	348	41	taxation	taxation	NOUN
ftr-305	348	42	and	and	CCONJ
ftr-305	348	43	connected	connected	ADJ
ftr-305	348	44	requirements	requirement	NOUN
ftr-305	348	45	to	to	PART
ftr-305	348	46	which	which	PRON
ftr-305	348	47	nationals	national	NOUN
ftr-305	348	48	of	of	ADP
ftr-305	348	49	that	that	DET
ftr-305	348	50	other	other	ADJ
ftr-305	348	51	state	state	NOUN
ftr-305	348	52	in	in	ADP
ftr-305	348	53	the	the	DET
ftr-305	348	54	same	same	ADJ
ftr-305	348	55	circumstances	circumstance	NOUN
ftr-305	348	56	are	be	AUX
ftr-305	348	57	or	or	CCONJ
ftr-305	348	58	may	may	AUX
ftr-305	348	59	be	be	AUX
ftr-305	348	60	subjected	subject	VERB
ftr-305	348	61	.	.	PUNCT
ftr-305	348	62	”	"	PUNCT
ftr-305	348	63	)	)	PUNCT
ftr-305	348	64	.	.	PUNCT
ftr-305	349	1	67	67	NUM
ftr-305	349	2	.	.	PUNCT
ftr-305	349	3	i.r.c	i.r.c	NOUN
ftr-305	349	4	.	.	PUNCT
ftr-305	350	1	§	§	PROPN
ftr-305	350	2	897(i	897(i	PROPN
ftr-305	350	3	)	)	PUNCT
ftr-305	350	4	.	.	PUNCT
ftr-305	351	1	68	68	NUM
ftr-305	351	2	.	.	PUNCT
ftr-305	351	3	i.r.c	i.r.c	NOUN
ftr-305	351	4	.	.	PUNCT
ftr-305	352	1	§	§	PROPN
ftr-305	352	2	897(i)(1	897(i)(1	NUM
ftr-305	352	3	)	)	PUNCT
ftr-305	352	4	,	,	PUNCT
ftr-305	352	5	(	(	PUNCT
ftr-305	352	6	4	4	NUM
ftr-305	352	7	)	)	PUNCT
ftr-305	352	8	.	.	PUNCT
ftr-305	353	1	18	18	NUM
ftr-305	353	2	florida	florida	PROPN
ftr-305	353	3	tax	tax	NOUN
ftr-305	353	4	review	review	NOUN
ftr-305	353	5	[	[	X
ftr-305	353	6	vol	vol	NOUN
ftr-305	353	7	.	.	PUNCT
ftr-305	354	1	14:1	14:1	NUM
ftr-305	354	2	e.	e.	PROPN
ftr-305	354	3	firpta	firpta	PROPN
ftr-305	354	4	and	and	CCONJ
ftr-305	354	5	“	"	PUNCT
ftr-305	354	6	pass	pass	VERB
ftr-305	354	7	-	-	PUNCT
ftr-305	354	8	throughs	throughs	NOUN
ftr-305	354	9	”	"	PUNCT
ftr-305	354	10	apart	apart	ADV
ftr-305	354	11	from	from	ADP
ftr-305	354	12	a	a	DET
ftr-305	354	13	direct	direct	ADJ
ftr-305	354	14	investment	investment	NOUN
ftr-305	354	15	or	or	CCONJ
ftr-305	354	16	an	an	DET
ftr-305	354	17	investment	investment	NOUN
ftr-305	354	18	in	in	ADP
ftr-305	354	19	shares	share	NOUN
ftr-305	354	20	of	of	ADP
ftr-305	354	21	a	a	DET
ftr-305	354	22	“	"	PUNCT
ftr-305	354	23	regular	regular	ADJ
ftr-305	354	24	”	"	PUNCT
ftr-305	354	25	u.s	u.s	PROPN
ftr-305	354	26	.	.	PROPN
ftr-305	354	27	corporation	corporation	NOUN
ftr-305	354	28	(	(	PUNCT
ftr-305	354	29	that	that	ADV
ftr-305	354	30	is	is	ADV
ftr-305	354	31	,	,	PUNCT
ftr-305	354	32	one	one	NUM
ftr-305	354	33	subject	subject	NOUN
ftr-305	354	34	to	to	ADP
ftr-305	354	35	subchapter	subchapter	NOUN
ftr-305	354	36	c	c	NOUN
ftr-305	354	37	and	and	CCONJ
ftr-305	354	38	not	not	PART
ftr-305	354	39	subchapter	subchapter	NOUN
ftr-305	354	40	m	m	PROPN
ftr-305	354	41	)	)	PUNCT
ftr-305	354	42	that	that	PRON
ftr-305	354	43	invests	invest	VERB
ftr-305	354	44	in	in	ADP
ftr-305	354	45	usrp	usrp	NOUN
ftr-305	354	46	,	,	PUNCT
ftr-305	354	47	a	a	DET
ftr-305	354	48	foreign	foreign	ADJ
ftr-305	354	49	person	person	NOUN
ftr-305	354	50	may	may	AUX
ftr-305	354	51	invest	invest	VERB
ftr-305	354	52	in	in	ADP
ftr-305	354	53	usrp	usrp	NOUN
ftr-305	354	54	as	as	ADP
ftr-305	354	55	a	a	DET
ftr-305	354	56	partner	partner	NOUN
ftr-305	354	57	in	in	ADP
ftr-305	354	58	a	a	DET
ftr-305	354	59	partnership	partnership	NOUN
ftr-305	354	60	that	that	PRON
ftr-305	354	61	makes	make	VERB
ftr-305	354	62	the	the	DET
ftr-305	354	63	investment	investment	NOUN
ftr-305	354	64	,	,	PUNCT
ftr-305	354	65	as	as	ADP
ftr-305	354	66	shareholder	shareholder	NOUN
ftr-305	354	67	of	of	ADP
ftr-305	354	68	a	a	DET
ftr-305	354	69	reit	reit	NOUN
ftr-305	354	70	that	that	PRON
ftr-305	354	71	invests	invest	VERB
ftr-305	354	72	in	in	ADP
ftr-305	354	73	usrps	usrps	ADJ
ftr-305	354	74	,	,	PUNCT
ftr-305	354	75	a	a	DET
ftr-305	354	76	shareholder	shareholder	NOUN
ftr-305	354	77	of	of	ADP
ftr-305	354	78	a	a	DET
ftr-305	354	79	ric	ric	NOUN
ftr-305	354	80	that	that	SCONJ
ftr-305	354	81	invests	invest	NOUN
ftr-305	354	82	in	in	ADP
ftr-305	354	83	shares	share	NOUN
ftr-305	354	84	of	of	ADP
ftr-305	354	85	reits	reit	NOUN
ftr-305	354	86	,	,	PUNCT
ftr-305	354	87	or	or	CCONJ
ftr-305	354	88	as	as	ADP
ftr-305	354	89	the	the	DET
ftr-305	354	90	owner	owner	NOUN
ftr-305	354	91	of	of	ADP
ftr-305	354	92	an	an	DET
ftr-305	354	93	interest	interest	NOUN
ftr-305	354	94	in	in	ADP
ftr-305	354	95	a	a	DET
ftr-305	354	96	“	"	PUNCT
ftr-305	354	97	fixed	fix	VERB
ftr-305	354	98	investment	investment	NOUN
ftr-305	354	99	trust	trust	NOUN
ftr-305	354	100	”	"	PUNCT
ftr-305	354	101	that	that	PRON
ftr-305	354	102	holds	hold	VERB
ftr-305	354	103	interests	interest	NOUN
ftr-305	354	104	in	in	ADP
ftr-305	354	105	usrp	usrp	NOUN
ftr-305	354	106	.	.	PUNCT
ftr-305	355	1	how	how	SCONJ
ftr-305	355	2	did	do	AUX
ftr-305	355	3	firpta	firpta	NOUN
ftr-305	355	4	affect	affect	VERB
ftr-305	355	5	these	these	DET
ftr-305	355	6	investments	investment	NOUN
ftr-305	355	7	in	in	ADP
ftr-305	355	8	usrp	usrp	NOUN
ftr-305	355	9	?	?	PUNCT
ftr-305	356	1	before	before	ADP
ftr-305	356	2	firpta	firpta	NOUN
ftr-305	356	3	,	,	PUNCT
ftr-305	356	4	there	there	PRON
ftr-305	356	5	was	be	VERB
ftr-305	356	6	no	no	DET
ftr-305	356	7	tax	tax	NOUN
ftr-305	356	8	on	on	ADP
ftr-305	356	9	gain	gain	NOUN
ftr-305	356	10	from	from	ADP
ftr-305	356	11	the	the	DET
ftr-305	356	12	sale	sale	NOUN
ftr-305	356	13	of	of	ADP
ftr-305	356	14	shares	share	NOUN
ftr-305	356	15	of	of	ADP
ftr-305	356	16	a	a	DET
ftr-305	356	17	u.s	u.s	PROPN
ftr-305	356	18	.	.	PROPN
ftr-305	356	19	corporation	corporation	NOUN
ftr-305	356	20	,	,	PUNCT
ftr-305	356	21	whether	whether	SCONJ
ftr-305	356	22	it	it	PRON
ftr-305	356	23	was	be	AUX
ftr-305	356	24	a	a	DET
ftr-305	356	25	usrphc	usrphc	ADJ
ftr-305	356	26	or	or	CCONJ
ftr-305	356	27	not	not	PART
ftr-305	356	28	;	;	PUNCT
ftr-305	356	29	but	but	CCONJ
ftr-305	356	30	it	it	PRON
ftr-305	356	31	was	be	AUX
ftr-305	356	32	unclear	unclear	ADJ
ftr-305	356	33	whether	whether	SCONJ
ftr-305	356	34	this	this	PRON
ftr-305	356	35	was	be	AUX
ftr-305	356	36	so	so	ADV
ftr-305	356	37	in	in	ADP
ftr-305	356	38	the	the	DET
ftr-305	356	39	case	case	NOUN
ftr-305	356	40	of	of	ADP
ftr-305	356	41	an	an	DET
ftr-305	356	42	interest	interest	NOUN
ftr-305	356	43	in	in	ADP
ftr-305	356	44	a	a	DET
ftr-305	356	45	partnership.69	partnership.69	NOUN
ftr-305	356	46	firpta	firpta	NOUN
ftr-305	356	47	created	create	VERB
ftr-305	356	48	inconsistencies	inconsistency	NOUN
ftr-305	356	49	in	in	ADP
ftr-305	356	50	the	the	DET
ftr-305	356	51	treatment	treatment	NOUN
ftr-305	356	52	of	of	ADP
ftr-305	356	53	gain	gain	NOUN
ftr-305	356	54	from	from	ADP
ftr-305	356	55	sales	sale	NOUN
ftr-305	356	56	of	of	ADP
ftr-305	356	57	shares	share	NOUN
ftr-305	356	58	.	.	PUNCT
ftr-305	357	1	on	on	ADP
ftr-305	357	2	the	the	DET
ftr-305	357	3	one	one	NUM
ftr-305	357	4	hand	hand	NOUN
ftr-305	357	5	,	,	PUNCT
ftr-305	357	6	the	the	DET
ftr-305	357	7	firpta	firpta	NOUN
ftr-305	357	8	exemption	exemption	NOUN
ftr-305	357	9	for	for	ADP
ftr-305	357	10	sales	sale	NOUN
ftr-305	357	11	of	of	ADP
ftr-305	357	12	interests	interest	NOUN
ftr-305	357	13	in	in	ADP
ftr-305	357	14	publicly	publicly	ADV
ftr-305	357	15	-	-	PUNCT
ftr-305	357	16	traded	trade	VERB
ftr-305	357	17	entities	entity	NOUN
ftr-305	357	18	by	by	ADP
ftr-305	357	19	a	a	DET
ftr-305	357	20	foreign	foreign	ADJ
ftr-305	357	21	investor	investor	NOUN
ftr-305	357	22	who	who	PRON
ftr-305	357	23	owns	own	VERB
ftr-305	357	24	5	5	NUM
ftr-305	357	25	percent	percent	NOUN
ftr-305	357	26	or	or	CCONJ
ftr-305	357	27	less	less	ADJ
ftr-305	357	28	of	of	ADP
ftr-305	357	29	the	the	DET
ftr-305	357	30	publicly	publicly	ADV
ftr-305	357	31	-	-	PUNCT
ftr-305	357	32	traded	trade	VERB
ftr-305	357	33	interests	interest	NOUN
ftr-305	357	34	applies	apply	VERB
ftr-305	357	35	to	to	ADP
ftr-305	357	36	publicly	publicly	ADV
ftr-305	357	37	-	-	PUNCT
ftr-305	357	38	traded	trade	VERB
ftr-305	357	39	fixed	fix	VERB
ftr-305	357	40	investment	investment	NOUN
ftr-305	357	41	trusts	trust	NOUN
ftr-305	357	42	,	,	PUNCT
ftr-305	357	43	partnerships	partnership	NOUN
ftr-305	357	44	and	and	CCONJ
ftr-305	357	45	corporations	corporation	NOUN
ftr-305	357	46	,	,	PUNCT
ftr-305	357	47	including	include	VERB
ftr-305	357	48	reits	reit	NOUN
ftr-305	357	49	,	,	PUNCT
ftr-305	357	50	and	and	CCONJ
ftr-305	357	51	rics	ric	NOUN
ftr-305	357	52	.	.	PUNCT
ftr-305	358	1	on	on	ADP
ftr-305	358	2	the	the	DET
ftr-305	358	3	other	other	ADJ
ftr-305	358	4	hand	hand	NOUN
ftr-305	358	5	,	,	PUNCT
ftr-305	358	6	the	the	DET
ftr-305	358	7	exception	exception	NOUN
ftr-305	358	8	for	for	ADP
ftr-305	358	9	shares	share	NOUN
ftr-305	358	10	of	of	ADP
ftr-305	358	11	an	an	DET
ftr-305	358	12	entity	entity	NOUN
ftr-305	358	13	that	that	PRON
ftr-305	358	14	is	be	AUX
ftr-305	358	15	“	"	PUNCT
ftr-305	358	16	domestically	domestically	ADV
ftr-305	358	17	controlled	control	VERB
ftr-305	358	18	”	"	PUNCT
ftr-305	358	19	is	be	AUX
ftr-305	358	20	available	available	ADJ
ftr-305	358	21	only	only	ADV
ftr-305	358	22	for	for	ADP
ftr-305	358	23	shares	share	NOUN
ftr-305	358	24	of	of	ADP
ftr-305	358	25	a	a	DET
ftr-305	358	26	reit	reit	NOUN
ftr-305	358	27	and	and	CCONJ
ftr-305	358	28	shares	share	NOUN
ftr-305	358	29	of	of	ADP
ftr-305	358	30	a	a	DET
ftr-305	358	31	ric	ric	NOUN
ftr-305	358	32	that	that	PRON
ftr-305	358	33	is	be	AUX
ftr-305	358	34	a	a	DET
ftr-305	358	35	usrphc	usrphc	NOUN
ftr-305	358	36	,	,	PUNCT
ftr-305	358	37	and	and	CCONJ
ftr-305	358	38	the	the	DET
ftr-305	358	39	exemption	exemption	NOUN
ftr-305	358	40	from	from	ADP
ftr-305	358	41	firpta	firpta	NOUN
ftr-305	358	42	for	for	ADP
ftr-305	358	43	distributions	distribution	NOUN
ftr-305	358	44	of	of	ADP
ftr-305	358	45	gain	gain	NOUN
ftr-305	358	46	from	from	ADP
ftr-305	358	47	sales	sale	NOUN
ftr-305	358	48	of	of	ADP
ftr-305	358	49	interests	interest	NOUN
ftr-305	358	50	in	in	ADP
ftr-305	358	51	usrp	usrp	NOUN
ftr-305	358	52	is	be	AUX
ftr-305	358	53	available	available	ADJ
ftr-305	358	54	to	to	ADP
ftr-305	358	55	5	5	NUM
ftr-305	358	56	percent	percent	NOUN
ftr-305	358	57	of	of	ADP
ftr-305	358	58	smaller	small	ADJ
ftr-305	358	59	holders	holder	NOUN
ftr-305	358	60	of	of	ADP
ftr-305	358	61	a	a	DET
ftr-305	358	62	class	class	NOUN
ftr-305	358	63	of	of	ADP
ftr-305	358	64	publicly	publicly	ADV
ftr-305	358	65	-	-	PUNCT
ftr-305	358	66	traded	trade	VERB
ftr-305	358	67	shares	share	NOUN
ftr-305	358	68	of	of	ADP
ftr-305	358	69	a	a	DET
ftr-305	358	70	reit	reit	NOUN
ftr-305	358	71	or	or	CCONJ
ftr-305	358	72	a	a	DET
ftr-305	358	73	ric	ric	NOUN
ftr-305	358	74	that	that	PRON
ftr-305	358	75	is	be	AUX
ftr-305	358	76	a	a	DET
ftr-305	358	77	usrphc	usrphc	ADJ
ftr-305	358	78	but	but	CCONJ
ftr-305	358	79	not	not	PART
ftr-305	358	80	for	for	ADP
ftr-305	358	81	partners	partner	NOUN
ftr-305	358	82	in	in	ADP
ftr-305	358	83	a	a	DET
ftr-305	358	84	publiclytraded	publiclytraded	ADJ
ftr-305	358	85	partnership	partnership	NOUN
ftr-305	358	86	.	.	PUNCT
ftr-305	359	1	the	the	DET
ftr-305	359	2	rules	rule	NOUN
ftr-305	359	3	for	for	ADP
ftr-305	359	4	fixed	fix	VERB
ftr-305	359	5	investment	investment	NOUN
ftr-305	359	6	trusts	trust	NOUN
ftr-305	359	7	,	,	PUNCT
ftr-305	359	8	partnerships	partnership	NOUN
ftr-305	359	9	,	,	PUNCT
ftr-305	359	10	reits	reit	NOUN
ftr-305	359	11	,	,	PUNCT
ftr-305	359	12	and	and	CCONJ
ftr-305	359	13	rics	ric	NOUN
ftr-305	359	14	are	be	AUX
ftr-305	359	15	discussed	discuss	VERB
ftr-305	359	16	further	far	ADV
ftr-305	359	17	below	below	ADV
ftr-305	359	18	.	.	PUNCT
ftr-305	360	1	1	1	X
ftr-305	360	2	.	.	X
ftr-305	360	3	fixed	fix	VERB
ftr-305	360	4	investment	investment	NOUN
ftr-305	360	5	trusts	trust	NOUN
ftr-305	360	6	there	there	PRON
ftr-305	360	7	are	be	VERB
ftr-305	360	8	a	a	DET
ftr-305	360	9	meaningful	meaningful	ADJ
ftr-305	360	10	number	number	NOUN
ftr-305	360	11	of	of	ADP
ftr-305	360	12	publicly	publicly	ADV
ftr-305	360	13	-	-	PUNCT
ftr-305	360	14	traded	trade	VERB
ftr-305	360	15	trusts	trust	NOUN
ftr-305	360	16	that	that	PRON
ftr-305	360	17	own	own	VERB
ftr-305	360	18	royalties	royalty	NOUN
ftr-305	360	19	(	(	PUNCT
ftr-305	360	20	typically	typically	ADV
ftr-305	360	21	,	,	PUNCT
ftr-305	360	22	overriding	override	VERB
ftr-305	360	23	royalties	royalty	NOUN
ftr-305	360	24	measured	measure	VERB
ftr-305	360	25	by	by	ADP
ftr-305	360	26	net	net	ADJ
ftr-305	360	27	profits	profit	NOUN
ftr-305	360	28	)	)	PUNCT
ftr-305	360	29	on	on	ADP
ftr-305	360	30	oil	oil	NOUN
ftr-305	360	31	and	and	CCONJ
ftr-305	360	32	gas	gas	NOUN
ftr-305	360	33	and	and	CCONJ
ftr-305	360	34	other	other	ADJ
ftr-305	360	35	minerals	mineral	NOUN
ftr-305	360	36	in	in	ADP
ftr-305	360	37	the	the	DET
ftr-305	360	38	united	united	PROPN
ftr-305	360	39	states.70	states.70	PROPN
ftr-305	360	40	these	these	PRON
ftr-305	360	41	are	be	AUX
ftr-305	360	42	“	"	PUNCT
ftr-305	360	43	fixed	fix	VERB
ftr-305	360	44	investment	investment	NOUN
ftr-305	360	45	,	,	PUNCT
ftr-305	360	46	”	"	PUNCT
ftr-305	360	47	69	69	NUM
ftr-305	360	48	.	.	PUNCT
ftr-305	361	1	see	see	VERB
ftr-305	361	2	leblang	leblang	PROPN
ftr-305	361	3	,	,	PUNCT
ftr-305	361	4	rothman	rothman	PROPN
ftr-305	361	5	&	&	CCONJ
ftr-305	361	6	paulos	paulo	NOUN
ftr-305	361	7	,	,	PUNCT
ftr-305	361	8	rationalizing	rationalizing	NOUN
ftr-305	361	9	,	,	PUNCT
ftr-305	361	10	supra	supra	PROPN
ftr-305	361	11	note	note	NOUN
ftr-305	361	12	25	25	NUM
ftr-305	361	13	,	,	PUNCT
ftr-305	361	14	at	at	ADP
ftr-305	361	15	696	696	NUM
ftr-305	361	16	n.25	n.25	NOUN
ftr-305	361	17	.	.	PROPN
ftr-305	361	18	70	70	NUM
ftr-305	361	19	.	.	PUNCT
ftr-305	362	1	oil	oil	NOUN
ftr-305	362	2	and	and	CCONJ
ftr-305	362	3	gas	gas	NOUN
ftr-305	362	4	royalty	royalty	NOUN
ftr-305	362	5	trusts	trust	NOUN
ftr-305	362	6	include	include	VERB
ftr-305	362	7	bp	bp	PROPN
ftr-305	362	8	prudhoe	prudhoe	PROPN
ftr-305	362	9	bay	bay	PROPN
ftr-305	362	10	royalty	royalty	PROPN
ftr-305	362	11	trust	trust	PROPN
ftr-305	362	12	,	,	PUNCT
ftr-305	362	13	cross	cross	VERB
ftr-305	362	14	timbers	timber	NOUN
ftr-305	362	15	royalty	royalty	NOUN
ftr-305	362	16	trust	trust	NOUN
ftr-305	362	17	,	,	PUNCT
ftr-305	362	18	dominion	dominion	NOUN
ftr-305	362	19	resources	resource	NOUN
ftr-305	362	20	black	black	ADJ
ftr-305	362	21	warrior	warrior	NOUN
ftr-305	362	22	trust	trust	NOUN
ftr-305	362	23	,	,	PUNCT
ftr-305	362	24	easter	easter	NOUN
ftr-305	362	25	american	american	ADJ
ftr-305	362	26	natural	natural	ADJ
ftr-305	362	27	gas	gas	NOUN
ftr-305	362	28	trust	trust	NOUN
ftr-305	362	29	,	,	PUNCT
ftr-305	362	30	hugoton	hugoton	PROPN
ftr-305	362	31	royalty	royalty	PROPN
ftr-305	362	32	trust	trust	PROPN
ftr-305	362	33	,	,	PUNCT
ftr-305	362	34	marine	marine	PROPN
ftr-305	362	35	petroleum	petroleum	PROPN
ftr-305	362	36	trust	trust	PROPN
ftr-305	362	37	,	,	PUNCT
ftr-305	362	38	mesa	mesa	PROPN
ftr-305	362	39	royalty	royalty	PROPN
ftr-305	362	40	trust	trust	PROPN
ftr-305	362	41	,	,	PUNCT
ftr-305	362	42	mv	mv	PROPN
ftr-305	362	43	oil	oil	NOUN
ftr-305	362	44	trust	trust	PROPN
ftr-305	362	45	,	,	PUNCT
ftr-305	362	46	panhandle	panhandle	PROPN
ftr-305	362	47	royalty	royalty	PROPN
ftr-305	362	48	trust	trust	PROPN
ftr-305	362	49	,	,	PUNCT
ftr-305	362	50	permian	permian	PROPN
ftr-305	362	51	basin	basin	PROPN
ftr-305	362	52	royalty	royalty	PROPN
ftr-305	362	53	trust	trust	PROPN
ftr-305	362	54	,	,	PUNCT
ftr-305	362	55	sabine	sabine	PROPN
ftr-305	362	56	royalty	royalty	PROPN
ftr-305	362	57	trust	trust	PROPN
ftr-305	362	58	,	,	PUNCT
ftr-305	362	59	sandridge	sandridge	PROPN
ftr-305	362	60	mississippian	mississippian	PROPN
ftr-305	362	61	royalty	royalty	PROPN
ftr-305	362	62	trust	trust	PROPN
ftr-305	362	63	,	,	PUNCT
ftr-305	362	64	san	san	PROPN
ftr-305	362	65	juan	juan	PROPN
ftr-305	362	66	basin	basin	PROPN
ftr-305	362	67	royalty	royalty	PROPN
ftr-305	362	68	trust	trust	PROPN
ftr-305	362	69	,	,	PUNCT
ftr-305	362	70	tidelands	tideland	VERB
ftr-305	362	71	royalty	royalty	NOUN
ftr-305	362	72	trust	trust	NOUN
ftr-305	362	73	,	,	PUNCT
ftr-305	362	74	and	and	CCONJ
ftr-305	362	75	torch	torch	NOUN
ftr-305	362	76	energy	energy	NOUN
ftr-305	362	77	royalty	royalty	NOUN
ftr-305	362	78	trust	trust	NOUN
ftr-305	362	79	.	.	PUNCT
ftr-305	363	1	there	there	PRON
ftr-305	363	2	are	be	VERB
ftr-305	363	3	also	also	ADV
ftr-305	363	4	trusts	trust	NOUN
ftr-305	363	5	that	that	PRON
ftr-305	363	6	hold	hold	VERB
ftr-305	363	7	royalties	royalty	NOUN
ftr-305	363	8	on	on	ADP
ftr-305	363	9	other	other	ADJ
ftr-305	363	10	minerals	mineral	NOUN
ftr-305	363	11	,	,	PUNCT
ftr-305	363	12	including	include	VERB
ftr-305	363	13	mesabi	mesabi	NOUN
ftr-305	363	14	trust	trust	NOUN
ftr-305	363	15	,	,	PUNCT
ftr-305	363	16	great	great	ADJ
ftr-305	363	17	northern	northern	ADJ
ftr-305	363	18	iron	iron	NOUN
ftr-305	363	19	ore	ore	NOUN
ftr-305	363	20	trust	trust	NOUN
ftr-305	363	21	,	,	PUNCT
ftr-305	363	22	penn	penn	PROPN
ftr-305	363	23	virginia	virginia	PROPN
ftr-305	363	24	resources	resources	PROPN
ftr-305	363	25	and	and	CCONJ
ftr-305	363	26	williams	williams	PROPN
ftr-305	363	27	coal	coal	NOUN
ftr-305	363	28	seam	seam	PROPN
ftr-305	363	29	gas	gas	NOUN
ftr-305	363	30	royalty	royalty	NOUN
ftr-305	363	31	trust	trust	NOUN
ftr-305	363	32	.	.	PUNCT
ftr-305	364	1	2013	2013	NUM
ftr-305	364	2	]	]	PUNCT
ftr-305	364	3	suppose	suppose	VERB
ftr-305	364	4	firpta	firpta	NOUN
ftr-305	364	5	was	be	AUX
ftr-305	364	6	repealed	repeal	VERB
ftr-305	364	7	19	19	NUM
ftr-305	364	8	and	and	CCONJ
ftr-305	364	9	therefore	therefore	ADV
ftr-305	364	10	“	"	PUNCT
ftr-305	364	11	grantor	grantor	NOUN
ftr-305	364	12	,	,	PUNCT
ftr-305	364	13	”	"	PUNCT
ftr-305	364	14	trusts.71	trusts.71	NOUN
ftr-305	364	15	as	as	ADP
ftr-305	364	16	a	a	DET
ftr-305	364	17	consequence	consequence	NOUN
ftr-305	364	18	,	,	PUNCT
ftr-305	364	19	a	a	DET
ftr-305	364	20	unit	unit	NOUN
ftr-305	364	21	holder	holder	NOUN
ftr-305	364	22	is	be	AUX
ftr-305	364	23	treated	treat	VERB
ftr-305	364	24	as	as	ADP
ftr-305	364	25	directly	directly	ADV
ftr-305	364	26	owning	own	VERB
ftr-305	364	27	the	the	DET
ftr-305	364	28	unit	unit	NOUN
ftr-305	364	29	holder	holder	NOUN
ftr-305	364	30	’s	’s	PART
ftr-305	364	31	share	share	NOUN
ftr-305	364	32	of	of	ADP
ftr-305	364	33	the	the	DET
ftr-305	364	34	trust	trust	NOUN
ftr-305	364	35	’s	’s	PART
ftr-305	364	36	assets	asset	NOUN
ftr-305	364	37	and	and	CCONJ
ftr-305	364	38	deriving	derive	VERB
ftr-305	364	39	directly	directly	ADV
ftr-305	364	40	the	the	DET
ftr-305	364	41	unit	unit	NOUN
ftr-305	364	42	holder	holder	NOUN
ftr-305	364	43	’s	’s	PART
ftr-305	364	44	share	share	NOUN
ftr-305	364	45	of	of	ADP
ftr-305	364	46	trust	trust	NOUN
ftr-305	364	47	income	income	NOUN
ftr-305	364	48	and	and	CCONJ
ftr-305	364	49	expense	expense	NOUN
ftr-305	364	50	.	.	PUNCT
ftr-305	365	1	a	a	DET
ftr-305	365	2	foreign	foreign	ADJ
ftr-305	365	3	unit	unit	NOUN
ftr-305	365	4	holder	holder	NOUN
ftr-305	365	5	would	would	AUX
ftr-305	365	6	not	not	PART
ftr-305	365	7	be	be	AUX
ftr-305	365	8	engaged	engage	VERB
ftr-305	365	9	in	in	ADP
ftr-305	365	10	a	a	DET
ftr-305	365	11	trade	trade	NOUN
ftr-305	365	12	or	or	CCONJ
ftr-305	365	13	business	business	NOUN
ftr-305	365	14	in	in	ADP
ftr-305	365	15	the	the	DET
ftr-305	365	16	u.s	u.s	PROPN
ftr-305	365	17	.	.	PROPN
ftr-305	365	18	on	on	ADP
ftr-305	365	19	account	account	NOUN
ftr-305	365	20	of	of	ADP
ftr-305	365	21	such	such	DET
ftr-305	365	22	an	an	DET
ftr-305	365	23	investment	investment	NOUN
ftr-305	365	24	—	—	PUNCT
ftr-305	365	25	the	the	DET
ftr-305	365	26	trust	trust	NOUN
ftr-305	365	27	assets	asset	NOUN
ftr-305	365	28	are	be	AUX
ftr-305	365	29	“	"	PUNCT
ftr-305	365	30	fixed	fix	VERB
ftr-305	365	31	”	"	PUNCT
ftr-305	365	32	and	and	CCONJ
ftr-305	365	33	the	the	DET
ftr-305	365	34	trustee	trustee	NOUN
ftr-305	365	35	has	have	VERB
ftr-305	365	36	no	no	DET
ftr-305	365	37	power	power	NOUN
ftr-305	365	38	to	to	PART
ftr-305	365	39	vary	vary	VERB
ftr-305	365	40	the	the	DET
ftr-305	365	41	assets	asset	NOUN
ftr-305	365	42	—	—	PUNCT
ftr-305	365	43	and	and	CCONJ
ftr-305	365	44	the	the	DET
ftr-305	365	45	royalty	royalty	NOUN
ftr-305	365	46	income	income	NOUN
ftr-305	365	47	would	would	AUX
ftr-305	365	48	therefore	therefore	ADV
ftr-305	365	49	be	be	AUX
ftr-305	365	50	subject	subject	ADJ
ftr-305	365	51	to	to	ADP
ftr-305	365	52	withholding	withhold	VERB
ftr-305	365	53	tax	tax	NOUN
ftr-305	365	54	at	at	ADP
ftr-305	365	55	a	a	DET
ftr-305	365	56	30	30	NUM
ftr-305	365	57	percent	percent	NOUN
ftr-305	365	58	rate	rate	NOUN
ftr-305	365	59	unless	unless	SCONJ
ftr-305	365	60	the	the	DET
ftr-305	365	61	holder	holder	NOUN
ftr-305	365	62	elected	elect	VERB
ftr-305	365	63	under	under	ADP
ftr-305	365	64	the	the	DET
ftr-305	365	65	internal	internal	ADJ
ftr-305	365	66	revenue	revenue	NOUN
ftr-305	365	67	code	code	NOUN
ftr-305	365	68	or	or	CCONJ
ftr-305	365	69	a	a	DET
ftr-305	365	70	treaty	treaty	NOUN
ftr-305	365	71	to	to	PART
ftr-305	365	72	treat	treat	VERB
ftr-305	365	73	the	the	DET
ftr-305	365	74	income	income	NOUN
ftr-305	365	75	as	as	ADP
ftr-305	365	76	“	"	PUNCT
ftr-305	365	77	effectively	effectively	ADV
ftr-305	365	78	connected	connect	VERB
ftr-305	365	79	”	"	PUNCT
ftr-305	365	80	so	so	SCONJ
ftr-305	365	81	that	that	SCONJ
ftr-305	365	82	expenses	expense	NOUN
ftr-305	365	83	,	,	PUNCT
ftr-305	365	84	such	such	ADJ
ftr-305	365	85	as	as	ADP
ftr-305	365	86	cost	cost	NOUN
ftr-305	365	87	depletion	depletion	NOUN
ftr-305	365	88	,	,	PUNCT
ftr-305	365	89	were	be	AUX
ftr-305	365	90	deductible	deductible	ADJ
ftr-305	365	91	.	.	PUNCT
ftr-305	366	1	whether	whether	SCONJ
ftr-305	366	2	or	or	CCONJ
ftr-305	366	3	not	not	PART
ftr-305	366	4	an	an	DET
ftr-305	366	5	election	election	NOUN
ftr-305	366	6	is	be	AUX
ftr-305	366	7	made	make	VERB
ftr-305	366	8	,	,	PUNCT
ftr-305	366	9	however	however	ADV
ftr-305	366	10	,	,	PUNCT
ftr-305	366	11	gain	gain	VERB
ftr-305	366	12	on	on	ADP
ftr-305	366	13	the	the	DET
ftr-305	366	14	disposition	disposition	NOUN
ftr-305	366	15	of	of	ADP
ftr-305	366	16	the	the	DET
ftr-305	366	17	interest	interest	NOUN
ftr-305	366	18	would	would	AUX
ftr-305	366	19	ordinarily	ordinarily	ADV
ftr-305	366	20	be	be	AUX
ftr-305	366	21	taxed	tax	VERB
ftr-305	366	22	under	under	ADP
ftr-305	366	23	firpta	firpta	NOUN
ftr-305	366	24	as	as	ADP
ftr-305	366	25	“	"	PUNCT
ftr-305	366	26	effectively	effectively	ADV
ftr-305	366	27	connected	connected	ADJ
ftr-305	366	28	”	"	PUNCT
ftr-305	366	29	income	income	NOUN
ftr-305	366	30	.	.	PUNCT
ftr-305	367	1	if	if	SCONJ
ftr-305	367	2	any	any	DET
ftr-305	367	3	class	class	NOUN
ftr-305	367	4	of	of	ADP
ftr-305	367	5	interests	interest	NOUN
ftr-305	367	6	in	in	ADP
ftr-305	367	7	the	the	DET
ftr-305	367	8	trust	trust	NOUN
ftr-305	367	9	is	be	AUX
ftr-305	367	10	regularly	regularly	ADV
ftr-305	367	11	traded	trade	VERB
ftr-305	367	12	on	on	ADP
ftr-305	367	13	an	an	DET
ftr-305	367	14	established	establish	VERB
ftr-305	367	15	securities	security	NOUN
ftr-305	367	16	market	market	NOUN
ftr-305	367	17	,	,	PUNCT
ftr-305	367	18	however	however	ADV
ftr-305	367	19	,	,	PUNCT
ftr-305	367	20	the	the	DET
ftr-305	367	21	firpta	firpta	NOUN
ftr-305	367	22	regulations	regulation	NOUN
ftr-305	367	23	provide	provide	VERB
ftr-305	367	24	,	,	PUNCT
ftr-305	367	25	as	as	SCONJ
ftr-305	367	26	they	they	PRON
ftr-305	367	27	do	do	VERB
ftr-305	367	28	in	in	ADP
ftr-305	367	29	the	the	DET
ftr-305	367	30	case	case	NOUN
ftr-305	367	31	of	of	ADP
ftr-305	367	32	publicly	publicly	ADV
ftr-305	367	33	-	-	PUNCT
ftr-305	367	34	traded	trade	VERB
ftr-305	367	35	partnerships	partnership	NOUN
ftr-305	367	36	,	,	PUNCT
ftr-305	367	37	that	that	SCONJ
ftr-305	367	38	for	for	ADP
ftr-305	367	39	firpta	firpta	NOUN
ftr-305	367	40	purposes	purpose	NOUN
ftr-305	367	41	the	the	DET
ftr-305	367	42	trust	trust	NOUN
ftr-305	367	43	is	be	AUX
ftr-305	367	44	a	a	DET
ftr-305	367	45	corporation.72	corporation.72	NOUN
ftr-305	367	46	as	as	ADP
ftr-305	367	47	a	a	DET
ftr-305	367	48	consequence	consequence	NOUN
ftr-305	367	49	,	,	PUNCT
ftr-305	367	50	under	under	ADP
ftr-305	367	51	the	the	DET
ftr-305	367	52	publicly	publicly	ADV
ftr-305	367	53	-	-	PUNCT
ftr-305	367	54	traded	trade	VERB
ftr-305	367	55	shares	share	NOUN
ftr-305	367	56	exception	exception	NOUN
ftr-305	367	57	that	that	PRON
ftr-305	367	58	applies	apply	VERB
ftr-305	367	59	to	to	ADP
ftr-305	367	60	sales	sale	NOUN
ftr-305	367	61	of	of	ADP
ftr-305	367	62	shares	share	NOUN
ftr-305	367	63	of	of	ADP
ftr-305	367	64	corporations	corporation	NOUN
ftr-305	367	65	,	,	PUNCT
ftr-305	367	66	there	there	PRON
ftr-305	367	67	is	be	VERB
ftr-305	367	68	no	no	DET
ftr-305	367	69	tax	tax	NOUN
ftr-305	367	70	on	on	ADP
ftr-305	367	71	gain	gain	NOUN
ftr-305	367	72	from	from	ADP
ftr-305	367	73	a	a	DET
ftr-305	367	74	sale	sale	NOUN
ftr-305	367	75	or	or	CCONJ
ftr-305	367	76	other	other	ADJ
ftr-305	367	77	disposition	disposition	NOUN
ftr-305	367	78	of	of	ADP
ftr-305	367	79	an	an	DET
ftr-305	367	80	interest	interest	NOUN
ftr-305	367	81	in	in	ADP
ftr-305	367	82	the	the	DET
ftr-305	367	83	trust	trust	NOUN
ftr-305	367	84	by	by	ADP
ftr-305	367	85	a	a	DET
ftr-305	367	86	person	person	NOUN
ftr-305	367	87	who	who	PRON
ftr-305	367	88	owned	own	VERB
ftr-305	367	89	5	5	NUM
ftr-305	367	90	percent	percent	NOUN
ftr-305	367	91	or	or	CCONJ
ftr-305	367	92	less	less	ADJ
ftr-305	367	93	of	of	ADP
ftr-305	367	94	the	the	DET
ftr-305	367	95	publicly	publicly	ADV
ftr-305	367	96	traded	trade	VERB
ftr-305	367	97	class	class	NOUN
ftr-305	367	98	at	at	ADP
ftr-305	367	99	the	the	DET
ftr-305	367	100	time	time	NOUN
ftr-305	367	101	of	of	ADP
ftr-305	367	102	sale	sale	NOUN
ftr-305	367	103	or	or	CCONJ
ftr-305	367	104	in	in	ADP
ftr-305	367	105	the	the	DET
ftr-305	367	106	preceding	precede	VERB
ftr-305	367	107	five	five	NUM
ftr-305	367	108	years	year	NOUN
ftr-305	367	109	,	,	PUNCT
ftr-305	367	110	directly	directly	ADV
ftr-305	367	111	or	or	CCONJ
ftr-305	367	112	constructively	constructively	ADV
ftr-305	367	113	;	;	PUNCT
ftr-305	367	114	but	but	CCONJ
ftr-305	367	115	,	,	PUNCT
ftr-305	367	116	in	in	ADP
ftr-305	367	117	the	the	DET
ftr-305	367	118	case	case	NOUN
ftr-305	367	119	of	of	ADP
ftr-305	367	120	a	a	DET
ftr-305	367	121	more	more	ADJ
ftr-305	367	122	than	than	ADP
ftr-305	367	123	5	5	NUM
ftr-305	367	124	percent	percent	NOUN
ftr-305	367	125	owner	owner	NOUN
ftr-305	367	126	,	,	PUNCT
ftr-305	367	127	the	the	DET
ftr-305	367	128	trust	trust	NOUN
ftr-305	367	129	would	would	AUX
ftr-305	367	130	have	have	VERB
ftr-305	367	131	to	to	PART
ftr-305	367	132	determine	determine	VERB
ftr-305	367	133	whether	whether	SCONJ
ftr-305	367	134	it	it	PRON
ftr-305	367	135	would	would	AUX
ftr-305	367	136	,	,	PUNCT
ftr-305	367	137	as	as	ADP
ftr-305	367	138	a	a	DET
ftr-305	367	139	notional	notional	ADJ
ftr-305	367	140	corporation	corporation	NOUN
ftr-305	367	141	,	,	PUNCT
ftr-305	367	142	be	be	AUX
ftr-305	367	143	a	a	DET
ftr-305	367	144	usrphc	usrphc	ADJ
ftr-305	367	145	or	or	CCONJ
ftr-305	367	146	not	not	PART
ftr-305	367	147	and	and	CCONJ
ftr-305	367	148	,	,	PUNCT
ftr-305	367	149	if	if	SCONJ
ftr-305	367	150	it	it	PRON
ftr-305	367	151	is	be	AUX
ftr-305	367	152	,	,	PUNCT
ftr-305	367	153	the	the	DET
ftr-305	367	154	entire	entire	ADJ
ftr-305	367	155	gain	gain	NOUN
ftr-305	367	156	of	of	ADP
ftr-305	367	157	the	the	DET
ftr-305	367	158	unit	unit	NOUN
ftr-305	367	159	holder	holder	NOUN
ftr-305	367	160	would	would	AUX
ftr-305	367	161	be	be	AUX
ftr-305	367	162	treated	treat	VERB
ftr-305	367	163	as	as	ADP
ftr-305	367	164	gain	gain	NOUN
ftr-305	367	165	from	from	ADP
ftr-305	367	166	the	the	DET
ftr-305	367	167	disposition	disposition	NOUN
ftr-305	367	168	of	of	ADP
ftr-305	367	169	an	an	DET
ftr-305	367	170	interest	interest	NOUN
ftr-305	367	171	in	in	ADP
ftr-305	367	172	usrp	usrp	NOUN
ftr-305	367	173	and	and	CCONJ
ftr-305	367	174	subject	subject	NOUN
ftr-305	367	175	to	to	ADP
ftr-305	367	176	tax	tax	NOUN
ftr-305	367	177	.	.	PUNCT
ftr-305	368	1	an	an	DET
ftr-305	368	2	acquisition	acquisition	NOUN
ftr-305	368	3	from	from	ADP
ftr-305	368	4	a	a	DET
ftr-305	368	5	foreign	foreign	ADJ
ftr-305	368	6	person	person	NOUN
ftr-305	368	7	of	of	ADP
ftr-305	368	8	a	a	DET
ftr-305	368	9	publicly	publicly	ADV
ftr-305	368	10	-	-	PUNCT
ftr-305	368	11	traded	trade	VERB
ftr-305	368	12	interest	interest	NOUN
ftr-305	368	13	in	in	ADP
ftr-305	368	14	a	a	DET
ftr-305	368	15	publicly	publicly	ADV
ftr-305	368	16	-	-	PUNCT
ftr-305	368	17	traded	trade	VERB
ftr-305	368	18	trust	trust	NOUN
ftr-305	368	19	is	be	AUX
ftr-305	368	20	generally	generally	ADV
ftr-305	368	21	not	not	PART
ftr-305	368	22	subject	subject	ADJ
ftr-305	368	23	to	to	ADP
ftr-305	368	24	withholding.73	withholding.73	NOUN
ftr-305	368	25	2	2	NUM
ftr-305	368	26	.	.	PUNCT
ftr-305	368	27	partnerships	partnership	NOUN
ftr-305	368	28	whether	whether	SCONJ
ftr-305	368	29	a	a	DET
ftr-305	368	30	partnership	partnership	NOUN
ftr-305	368	31	is	be	AUX
ftr-305	368	32	u.s	u.s	PROPN
ftr-305	368	33	.	.	PROPN
ftr-305	368	34	or	or	CCONJ
ftr-305	368	35	foreign	foreign	ADJ
ftr-305	368	36	or	or	CCONJ
ftr-305	368	37	the	the	DET
ftr-305	368	38	partner	partner	NOUN
ftr-305	368	39	is	be	AUX
ftr-305	368	40	a	a	DET
ftr-305	368	41	general	general	ADJ
ftr-305	368	42	or	or	CCONJ
ftr-305	368	43	limited	limited	ADJ
ftr-305	368	44	partner	partner	NOUN
ftr-305	368	45	,	,	PUNCT
ftr-305	368	46	a	a	DET
ftr-305	368	47	foreign	foreign	ADJ
ftr-305	368	48	partner	partner	NOUN
ftr-305	368	49	is	be	AUX
ftr-305	368	50	engaged	engage	VERB
ftr-305	368	51	in	in	ADP
ftr-305	368	52	a	a	DET
ftr-305	368	53	trade	trade	NOUN
ftr-305	368	54	or	or	CCONJ
ftr-305	368	55	business	business	NOUN
ftr-305	368	56	in	in	ADP
ftr-305	368	57	the	the	DET
ftr-305	368	58	71	71	NUM
ftr-305	368	59	.	.	PUNCT
ftr-305	369	1	fixed	fix	VERB
ftr-305	369	2	investment	investment	NOUN
ftr-305	369	3	trusts	trust	NOUN
ftr-305	369	4	are	be	AUX
ftr-305	369	5	classified	classify	VERB
ftr-305	369	6	as	as	ADP
ftr-305	369	7	grantor	grantor	NOUN
ftr-305	369	8	trusts	trust	NOUN
ftr-305	369	9	.	.	PUNCT
ftr-305	370	1	regs	regs	PROPN
ftr-305	370	2	.	.	PUNCT
ftr-305	371	1	§	§	PROPN
ftr-305	371	2	1.6712(e)(3	1.6712(e)(3	NUM
ftr-305	371	3	)	)	PUNCT
ftr-305	371	4	.	.	PUNCT
ftr-305	372	1	qualification	qualification	NOUN
ftr-305	372	2	as	as	ADP
ftr-305	372	3	a	a	DET
ftr-305	372	4	fixed	fix	VERB
ftr-305	372	5	investment	investment	NOUN
ftr-305	372	6	trust	trust	NOUN
ftr-305	372	7	requires	require	VERB
ftr-305	372	8	that	that	SCONJ
ftr-305	372	9	the	the	DET
ftr-305	372	10	trust	trust	NOUN
ftr-305	372	11	have	have	VERB
ftr-305	372	12	a	a	DET
ftr-305	372	13	single	single	ADJ
ftr-305	372	14	class	class	NOUN
ftr-305	372	15	of	of	ADP
ftr-305	372	16	ownership	ownership	NOUN
ftr-305	372	17	interests	interest	NOUN
ftr-305	372	18	and	and	CCONJ
ftr-305	372	19	that	that	SCONJ
ftr-305	372	20	there	there	PRON
ftr-305	372	21	be	be	VERB
ftr-305	372	22	no	no	DET
ftr-305	372	23	power	power	NOUN
ftr-305	372	24	under	under	ADP
ftr-305	372	25	the	the	DET
ftr-305	372	26	trust	trust	NOUN
ftr-305	372	27	agreement	agreement	NOUN
ftr-305	372	28	to	to	PART
ftr-305	372	29	vary	vary	VERB
ftr-305	372	30	the	the	DET
ftr-305	372	31	investment	investment	NOUN
ftr-305	372	32	of	of	ADP
ftr-305	372	33	the	the	DET
ftr-305	372	34	certificate	certificate	NOUN
ftr-305	372	35	holders	holder	NOUN
ftr-305	372	36	.	.	PUNCT
ftr-305	373	1	regs	regs	PROPN
ftr-305	373	2	.	.	PUNCT
ftr-305	374	1	§	§	PROPN
ftr-305	374	2	301.7701	301.7701	PROPN
ftr-305	374	3	-	-	SYM
ftr-305	374	4	4(c)(1	4(c)(1	NUM
ftr-305	374	5	)	)	PUNCT
ftr-305	374	6	.	.	PUNCT
ftr-305	375	1	because	because	SCONJ
ftr-305	375	2	of	of	ADP
ftr-305	375	3	the	the	DET
ftr-305	375	4	no	no	DET
ftr-305	375	5	power	power	NOUN
ftr-305	375	6	to	to	PART
ftr-305	375	7	vary	vary	VERB
ftr-305	375	8	requirement	requirement	NOUN
ftr-305	375	9	,	,	PUNCT
ftr-305	375	10	the	the	DET
ftr-305	375	11	assets	asset	NOUN
ftr-305	375	12	of	of	ADP
ftr-305	375	13	the	the	DET
ftr-305	375	14	trust	trust	NOUN
ftr-305	375	15	must	must	AUX
ftr-305	375	16	be	be	AUX
ftr-305	375	17	“	"	PUNCT
ftr-305	375	18	passive	passive	ADJ
ftr-305	375	19	”	"	PUNCT
ftr-305	375	20	(	(	PUNCT
ftr-305	375	21	e.g.	e.g.	ADV
ftr-305	375	22	,	,	PUNCT
ftr-305	375	23	royalties	royalty	NOUN
ftr-305	375	24	or	or	CCONJ
ftr-305	375	25	securities	security	NOUN
ftr-305	375	26	)	)	PUNCT
ftr-305	375	27	and	and	CCONJ
ftr-305	375	28	cash	cash	NOUN
ftr-305	375	29	receipts	receipt	NOUN
ftr-305	375	30	must	must	AUX
ftr-305	375	31	be	be	AUX
ftr-305	375	32	periodically	periodically	ADV
ftr-305	375	33	distributed	distribute	VERB
ftr-305	375	34	to	to	ADP
ftr-305	375	35	the	the	DET
ftr-305	375	36	certificate	certificate	NOUN
ftr-305	375	37	holders	holder	NOUN
ftr-305	375	38	(	(	PUNCT
ftr-305	375	39	since	since	SCONJ
ftr-305	375	40	owning	own	VERB
ftr-305	375	41	operating	operating	NOUN
ftr-305	375	42	assets	asset	NOUN
ftr-305	375	43	would	would	AUX
ftr-305	375	44	mean	mean	VERB
ftr-305	375	45	there	there	PRON
ftr-305	375	46	was	be	VERB
ftr-305	375	47	a	a	DET
ftr-305	375	48	power	power	NOUN
ftr-305	375	49	to	to	PART
ftr-305	375	50	vary	vary	VERB
ftr-305	375	51	the	the	DET
ftr-305	375	52	investment	investment	NOUN
ftr-305	375	53	by	by	ADP
ftr-305	375	54	making	make	VERB
ftr-305	375	55	operating	operating	NOUN
ftr-305	375	56	decisions	decision	NOUN
ftr-305	375	57	and	and	CCONJ
ftr-305	375	58	the	the	DET
ftr-305	375	59	retention	retention	NOUN
ftr-305	375	60	of	of	ADP
ftr-305	375	61	cash	cash	NOUN
ftr-305	375	62	would	would	AUX
ftr-305	375	63	likewise	likewise	ADV
ftr-305	375	64	vary	vary	VERB
ftr-305	375	65	the	the	DET
ftr-305	375	66	assets	asset	NOUN
ftr-305	375	67	)	)	PUNCT
ftr-305	375	68	.	.	PUNCT
ftr-305	376	1	72	72	NUM
ftr-305	376	2	.	.	PUNCT
ftr-305	376	3	regs	regs	PROPN
ftr-305	376	4	.	.	PUNCT
ftr-305	377	1	§	§	PROPN
ftr-305	377	2	1.897	1.897	NUM
ftr-305	377	3	-	-	SYM
ftr-305	377	4	1(c)(2)(iv	1(c)(2)(iv	NUM
ftr-305	377	5	)	)	PUNCT
ftr-305	377	6	.	.	PUNCT
ftr-305	378	1	73	73	NUM
ftr-305	378	2	.	.	PUNCT
ftr-305	378	3	regs	regs	PROPN
ftr-305	378	4	.	.	PUNCT
ftr-305	379	1	§	§	PROPN
ftr-305	379	2	1.1445	1.1445	NUM
ftr-305	379	3	-	-	SYM
ftr-305	379	4	2(c)(2	2(c)(2	NUM
ftr-305	379	5	)	)	PUNCT
ftr-305	379	6	,	,	PUNCT
ftr-305	379	7	but	but	CCONJ
ftr-305	379	8	cross	cross	ADJ
ftr-305	379	9	-	-	ADJ
ftr-305	379	10	referencing	referencing	ADJ
ftr-305	379	11	reserved	reserved	ADJ
ftr-305	379	12	regulations	regulation	NOUN
ftr-305	379	13	in	in	ADP
ftr-305	379	14	regs	reg	NOUN
ftr-305	379	15	.	.	PUNCT
ftr-305	380	1	§	§	PROPN
ftr-305	380	2	1.897	1.897	NUM
ftr-305	380	3	-	-	SYM
ftr-305	380	4	1(c)(2)(iii)(b	1(c)(2)(iii)(b	NUM
ftr-305	380	5	)	)	PUNCT
ftr-305	380	6	.	.	PUNCT
ftr-305	381	1	20	20	NUM
ftr-305	381	2	florida	florida	PROPN
ftr-305	381	3	tax	tax	NOUN
ftr-305	381	4	review	review	NOUN
ftr-305	381	5	[	[	X
ftr-305	381	6	vol	vol	NOUN
ftr-305	381	7	.	.	PUNCT
ftr-305	382	1	14:1	14:1	NUM
ftr-305	382	2	united	united	PROPN
ftr-305	382	3	states	states	PROPN
ftr-305	382	4	if	if	SCONJ
ftr-305	382	5	the	the	DET
ftr-305	382	6	partnership	partnership	NOUN
ftr-305	382	7	is	be	AUX
ftr-305	382	8	so	so	ADV
ftr-305	382	9	engaged.74	engaged.74	ADJ
ftr-305	382	10	that	that	PRON
ftr-305	382	11	would	would	AUX
ftr-305	382	12	normally	normally	ADV
ftr-305	382	13	be	be	AUX
ftr-305	382	14	the	the	DET
ftr-305	382	15	case	case	NOUN
ftr-305	382	16	if	if	SCONJ
ftr-305	382	17	the	the	DET
ftr-305	382	18	partnership	partnership	NOUN
ftr-305	382	19	has	have	VERB
ftr-305	382	20	significant	significant	ADJ
ftr-305	382	21	activities	activity	NOUN
ftr-305	382	22	in	in	ADP
ftr-305	382	23	the	the	DET
ftr-305	382	24	united	united	PROPN
ftr-305	382	25	states	states	PROPN
ftr-305	382	26	.	.	PUNCT
ftr-305	383	1	the	the	DET
ftr-305	383	2	foreign	foreign	ADJ
ftr-305	383	3	partner	partner	NOUN
ftr-305	383	4	would	would	AUX
ftr-305	383	5	as	as	SCONJ
ftr-305	383	6	a	a	DET
ftr-305	383	7	consequence	consequence	NOUN
ftr-305	383	8	be	be	AUX
ftr-305	383	9	currently	currently	ADV
ftr-305	383	10	taxed	tax	VERB
ftr-305	383	11	on	on	ADP
ftr-305	383	12	the	the	DET
ftr-305	383	13	partner	partner	NOUN
ftr-305	383	14	’s	’s	PART
ftr-305	383	15	distributive	distributive	ADJ
ftr-305	383	16	share	share	NOUN
ftr-305	383	17	of	of	ADP
ftr-305	383	18	the	the	DET
ftr-305	383	19	income	income	NOUN
ftr-305	383	20	or	or	CCONJ
ftr-305	383	21	gain	gain	NOUN
ftr-305	383	22	of	of	ADP
ftr-305	383	23	the	the	DET
ftr-305	383	24	partnership	partnership	NOUN
ftr-305	383	25	,	,	PUNCT
ftr-305	383	26	including	include	VERB
ftr-305	383	27	gain	gain	NOUN
ftr-305	383	28	from	from	ADP
ftr-305	383	29	the	the	DET
ftr-305	383	30	disposition	disposition	NOUN
ftr-305	383	31	of	of	ADP
ftr-305	383	32	interests	interest	NOUN
ftr-305	383	33	in	in	ADP
ftr-305	383	34	usrp	usrp	NOUN
ftr-305	383	35	or	or	CCONJ
ftr-305	383	36	other	other	ADJ
ftr-305	383	37	assets	asset	NOUN
ftr-305	383	38	of	of	ADP
ftr-305	383	39	the	the	DET
ftr-305	383	40	u.s	u.s	PROPN
ftr-305	383	41	.	.	PROPN
ftr-305	383	42	trade	trade	NOUN
ftr-305	383	43	or	or	CCONJ
ftr-305	383	44	business	business	NOUN
ftr-305	383	45	.	.	PUNCT
ftr-305	384	1	if	if	SCONJ
ftr-305	384	2	the	the	DET
ftr-305	384	3	partnership	partnership	NOUN
ftr-305	384	4	is	be	AUX
ftr-305	384	5	not	not	PART
ftr-305	384	6	publicly	publicly	ADV
ftr-305	384	7	traded	trade	VERB
ftr-305	384	8	,	,	PUNCT
ftr-305	384	9	the	the	DET
ftr-305	384	10	tax	tax	NOUN
ftr-305	384	11	on	on	ADP
ftr-305	384	12	the	the	DET
ftr-305	384	13	foreign	foreign	ADJ
ftr-305	384	14	partner	partner	NOUN
ftr-305	384	15	’s	’s	PART
ftr-305	384	16	shares	share	NOUN
ftr-305	384	17	of	of	ADP
ftr-305	384	18	partnership	partnership	NOUN
ftr-305	384	19	income	income	NOUN
ftr-305	384	20	or	or	CCONJ
ftr-305	384	21	gain	gain	NOUN
ftr-305	384	22	is	be	AUX
ftr-305	384	23	collected	collect	VERB
ftr-305	384	24	from	from	ADP
ftr-305	384	25	the	the	DET
ftr-305	384	26	partnership	partnership	NOUN
ftr-305	384	27	,	,	PUNCT
ftr-305	384	28	i.e.	i.e.	X
ftr-305	384	29	,	,	PUNCT
ftr-305	384	30	by	by	ADP
ftr-305	384	31	requiring	require	VERB
ftr-305	384	32	the	the	DET
ftr-305	384	33	partnership	partnership	NOUN
ftr-305	384	34	to	to	PART
ftr-305	384	35	withhold	withhold	VERB
ftr-305	384	36	on	on	ADP
ftr-305	384	37	the	the	DET
ftr-305	384	38	income	income	NOUN
ftr-305	384	39	at	at	ADP
ftr-305	384	40	the	the	DET
ftr-305	384	41	highest	high	ADJ
ftr-305	384	42	rate	rate	NOUN
ftr-305	384	43	applicable	applicable	ADJ
ftr-305	384	44	to	to	ADP
ftr-305	384	45	the	the	DET
ftr-305	384	46	partner	partner	NOUN
ftr-305	384	47	(	(	PUNCT
ftr-305	384	48	individual	individual	ADJ
ftr-305	384	49	or	or	CCONJ
ftr-305	384	50	corporate	corporate	ADJ
ftr-305	384	51	,	,	PUNCT
ftr-305	384	52	as	as	SCONJ
ftr-305	384	53	the	the	DET
ftr-305	384	54	case	case	NOUN
ftr-305	384	55	may	may	AUX
ftr-305	384	56	be	be	AUX
ftr-305	384	57	)	)	PUNCT
ftr-305	384	58	,	,	PUNCT
ftr-305	384	59	and	and	CCONJ
ftr-305	384	60	pay	pay	VERB
ftr-305	384	61	over	over	ADP
ftr-305	384	62	the	the	DET
ftr-305	384	63	tax	tax	NOUN
ftr-305	384	64	withheld	withhold	VERB
ftr-305	384	65	on	on	ADP
ftr-305	384	66	a	a	DET
ftr-305	384	67	quarterly	quarterly	ADJ
ftr-305	384	68	basis	basis	NOUN
ftr-305	384	69	during	during	ADP
ftr-305	384	70	the	the	DET
ftr-305	384	71	year	year	NOUN
ftr-305	384	72	that	that	PRON
ftr-305	384	73	the	the	DET
ftr-305	384	74	income	income	NOUN
ftr-305	384	75	is	be	AUX
ftr-305	384	76	earned	earn	VERB
ftr-305	384	77	and	and	CCONJ
ftr-305	384	78	whether	whether	SCONJ
ftr-305	384	79	or	or	CCONJ
ftr-305	384	80	not	not	PART
ftr-305	384	81	it	it	PRON
ftr-305	384	82	is	be	AUX
ftr-305	384	83	distributed.75	distributed.75	ADJ
ftr-305	384	84	gain	gain	NOUN
ftr-305	384	85	of	of	ADP
ftr-305	384	86	a	a	DET
ftr-305	384	87	partner	partner	NOUN
ftr-305	384	88	in	in	ADP
ftr-305	384	89	a	a	DET
ftr-305	384	90	non	non	ADJ
ftr-305	384	91	-	-	ADJ
ftr-305	384	92	publicly	publicly	ADV
ftr-305	384	93	traded	trade	VERB
ftr-305	384	94	partnership	partnership	NOUN
ftr-305	384	95	from	from	ADP
ftr-305	384	96	a	a	DET
ftr-305	384	97	sale	sale	NOUN
ftr-305	384	98	or	or	CCONJ
ftr-305	384	99	other	other	ADJ
ftr-305	384	100	disposition	disposition	NOUN
ftr-305	384	101	of	of	ADP
ftr-305	384	102	the	the	DET
ftr-305	384	103	partner	partner	NOUN
ftr-305	384	104	’s	’s	PART
ftr-305	384	105	interest	interest	NOUN
ftr-305	384	106	in	in	ADP
ftr-305	384	107	the	the	DET
ftr-305	384	108	partnership	partnership	NOUN
ftr-305	384	109	would	would	AUX
ftr-305	384	110	also	also	ADV
ftr-305	384	111	be	be	AUX
ftr-305	384	112	subject	subject	ADJ
ftr-305	384	113	to	to	ADP
ftr-305	384	114	tax	tax	NOUN
ftr-305	384	115	to	to	ADP
ftr-305	384	116	the	the	DET
ftr-305	384	117	extent	extent	NOUN
ftr-305	384	118	attributable	attributable	ADJ
ftr-305	384	119	to	to	ADP
ftr-305	384	120	interests	interest	NOUN
ftr-305	384	121	in	in	ADP
ftr-305	384	122	usrp76	usrp76	NOUN
ftr-305	384	123	or	or	CCONJ
ftr-305	384	124	assets	asset	NOUN
ftr-305	384	125	of	of	ADP
ftr-305	384	126	a	a	DET
ftr-305	384	127	u.s	u.s	PROPN
ftr-305	384	128	.	.	PROPN
ftr-305	384	129	trade	trade	NOUN
ftr-305	384	130	or	or	CCONJ
ftr-305	384	131	business	business	NOUN
ftr-305	384	132	.	.	PUNCT
ftr-305	385	1	for	for	ADP
ftr-305	385	2	purposes	purpose	NOUN
ftr-305	385	3	of	of	ADP
ftr-305	385	4	the	the	DET
ftr-305	385	5	withholding	withholding	NOUN
ftr-305	385	6	tax	tax	NOUN
ftr-305	385	7	,	,	PUNCT
ftr-305	385	8	an	an	DET
ftr-305	385	9	interest	interest	NOUN
ftr-305	385	10	in	in	ADP
ftr-305	385	11	a	a	DET
ftr-305	385	12	partnership	partnership	NOUN
ftr-305	385	13	that	that	PRON
ftr-305	385	14	is	be	AUX
ftr-305	385	15	not	not	PART
ftr-305	385	16	publicly	publicly	ADV
ftr-305	385	17	traded	trade	VERB
ftr-305	385	18	is	be	AUX
ftr-305	385	19	treated	treat	VERB
ftr-305	385	20	in	in	ADP
ftr-305	385	21	its	its	PRON
ftr-305	385	22	entirety	entirety	NOUN
ftr-305	385	23	as	as	ADP
ftr-305	385	24	an	an	DET
ftr-305	385	25	interest	interest	NOUN
ftr-305	385	26	in	in	ADP
ftr-305	385	27	usrp	usrp	NOUN
ftr-305	385	28	if	if	SCONJ
ftr-305	385	29	50	50	NUM
ftr-305	385	30	percent	percent	NOUN
ftr-305	385	31	or	or	CCONJ
ftr-305	385	32	more	more	ADJ
ftr-305	385	33	of	of	ADP
ftr-305	385	34	the	the	DET
ftr-305	385	35	value	value	NOUN
ftr-305	385	36	of	of	ADP
ftr-305	385	37	the	the	DET
ftr-305	385	38	gross	gross	ADJ
ftr-305	385	39	assets	asset	NOUN
ftr-305	385	40	of	of	ADP
ftr-305	385	41	the	the	DET
ftr-305	385	42	partnership	partnership	NOUN
ftr-305	385	43	are	be	AUX
ftr-305	385	44	interests	interest	NOUN
ftr-305	385	45	in	in	ADP
ftr-305	385	46	usrp	usrp	NOUN
ftr-305	385	47	and	and	CCONJ
ftr-305	385	48	90	90	NUM
ftr-305	385	49	percent	percent	NOUN
ftr-305	385	50	or	or	CCONJ
ftr-305	385	51	more	more	ADJ
ftr-305	385	52	of	of	ADP
ftr-305	385	53	the	the	DET
ftr-305	385	54	value	value	NOUN
ftr-305	385	55	of	of	ADP
ftr-305	385	56	its	its	PRON
ftr-305	385	57	assets	asset	NOUN
ftr-305	385	58	are	be	AUX
ftr-305	385	59	interests	interest	NOUN
ftr-305	385	60	in	in	ADP
ftr-305	385	61	usrp	usrp	NOUN
ftr-305	385	62	and	and	CCONJ
ftr-305	385	63	cash	cash	NOUN
ftr-305	385	64	or	or	CCONJ
ftr-305	385	65	cash	cash	NOUN
ftr-305	385	66	equivalents.77	equivalents.77	SCONJ
ftr-305	385	67	the	the	DET
ftr-305	385	68	person	person	NOUN
ftr-305	385	69	acquiring	acquire	VERB
ftr-305	385	70	the	the	DET
ftr-305	385	71	interest	interest	NOUN
ftr-305	385	72	is	be	AUX
ftr-305	385	73	required	require	VERB
ftr-305	385	74	to	to	PART
ftr-305	385	75	withhold	withhold	VERB
ftr-305	385	76	10	10	NUM
ftr-305	385	77	percent	percent	NOUN
ftr-305	385	78	of	of	ADP
ftr-305	385	79	the	the	DET
ftr-305	385	80	amount	amount	NOUN
ftr-305	385	81	realized	realize	VERB
ftr-305	385	82	by	by	ADP
ftr-305	385	83	the	the	DET
ftr-305	385	84	transferring	transferring	NOUN
ftr-305	385	85	partner	partner	NOUN
ftr-305	385	86	.	.	PUNCT
ftr-305	386	1	different	different	ADJ
ftr-305	386	2	rules	rule	NOUN
ftr-305	386	3	apply	apply	VERB
ftr-305	386	4	to	to	ADP
ftr-305	386	5	publicly	publicly	ADV
ftr-305	386	6	-	-	PUNCT
ftr-305	386	7	traded	trade	VERB
ftr-305	386	8	partnerships.78	partnerships.78	NOUN
ftr-305	386	9	the	the	DET
ftr-305	386	10	foreign	foreign	ADJ
ftr-305	386	11	partner	partner	NOUN
ftr-305	386	12	’s	’s	PART
ftr-305	386	13	share	share	NOUN
ftr-305	386	14	of	of	ADP
ftr-305	386	15	the	the	DET
ftr-305	386	16	income	income	NOUN
ftr-305	386	17	or	or	CCONJ
ftr-305	386	18	gain	gain	NOUN
ftr-305	386	19	of	of	ADP
ftr-305	386	20	a	a	DET
ftr-305	386	21	publicly	publicly	ADV
ftr-305	386	22	-	-	PUNCT
ftr-305	386	23	traded	trade	VERB
ftr-305	386	24	partnership	partnership	NOUN
ftr-305	386	25	is	be	AUX
ftr-305	386	26	74	74	NUM
ftr-305	386	27	.	.	PUNCT
ftr-305	387	1	likewise	likewise	ADV
ftr-305	387	2	,	,	PUNCT
ftr-305	387	3	the	the	DET
ftr-305	387	4	partner	partner	NOUN
ftr-305	387	5	would	would	AUX
ftr-305	387	6	have	have	VERB
ftr-305	387	7	a	a	DET
ftr-305	387	8	permanent	permanent	ADJ
ftr-305	387	9	establishment	establishment	NOUN
ftr-305	387	10	in	in	ADP
ftr-305	387	11	the	the	DET
ftr-305	387	12	united	united	PROPN
ftr-305	387	13	states	states	PROPN
ftr-305	387	14	if	if	SCONJ
ftr-305	387	15	the	the	DET
ftr-305	387	16	partnership	partnership	NOUN
ftr-305	387	17	had	have	VERB
ftr-305	387	18	a	a	DET
ftr-305	387	19	permanent	permanent	ADJ
ftr-305	387	20	establishment	establishment	NOUN
ftr-305	387	21	there	there	ADV
ftr-305	387	22	.	.	PUNCT
ftr-305	388	1	see	see	VERB
ftr-305	388	2	unger	unger	PROPN
ftr-305	388	3	v.	v.	PROPN
ftr-305	388	4	commissioner	commissioner	PROPN
ftr-305	388	5	,	,	PUNCT
ftr-305	388	6	936	936	NUM
ftr-305	388	7	f.2d	f.2d	NUM
ftr-305	388	8	1316	1316	NUM
ftr-305	388	9	(	(	PUNCT
ftr-305	388	10	d.c	d.c	PROPN
ftr-305	388	11	.	.	PROPN
ftr-305	388	12	cir	cir	PROPN
ftr-305	388	13	.	.	PROPN
ftr-305	388	14	1991	1991	NUM
ftr-305	388	15	)	)	PUNCT
ftr-305	388	16	;	;	PUNCT
ftr-305	388	17	donroy	donroy	PROPN
ftr-305	388	18	v.	v.	PROPN
ftr-305	388	19	united	united	PROPN
ftr-305	388	20	states	states	PROPN
ftr-305	388	21	,	,	PUNCT
ftr-305	388	22	301	301	NUM
ftr-305	388	23	f.2d	f.2d	NUM
ftr-305	388	24	200	200	NUM
ftr-305	388	25	(	(	PUNCT
ftr-305	388	26	9th	9th	ADJ
ftr-305	388	27	cir	cir	NOUN
ftr-305	388	28	.	.	PROPN
ftr-305	388	29	1962	1962	NUM
ftr-305	388	30	)	)	PUNCT
ftr-305	388	31	.	.	PUNCT
ftr-305	389	1	under	under	ADP
ftr-305	389	2	section	section	NOUN
ftr-305	389	3	871(a	871(a	PROPN
ftr-305	389	4	)	)	PUNCT
ftr-305	389	5	,	,	PUNCT
ftr-305	389	6	the	the	DET
ftr-305	389	7	same	same	ADJ
ftr-305	389	8	rule	rule	NOUN
ftr-305	389	9	applies	apply	VERB
ftr-305	389	10	to	to	ADP
ftr-305	389	11	foreign	foreign	ADJ
ftr-305	389	12	beneficiaries	beneficiary	NOUN
ftr-305	389	13	of	of	ADP
ftr-305	389	14	a	a	DET
ftr-305	389	15	trust	trust	NOUN
ftr-305	389	16	.	.	PUNCT
ftr-305	390	1	see	see	VERB
ftr-305	390	2	portanova	portanova	PROPN
ftr-305	390	3	v.	v.	ADP
ftr-305	390	4	united	united	PROPN
ftr-305	390	5	states	states	PROPN
ftr-305	390	6	,	,	PUNCT
ftr-305	390	7	690	690	NUM
ftr-305	390	8	f.2d	f.2d	SYM
ftr-305	390	9	169	169	NUM
ftr-305	390	10	(	(	PUNCT
ftr-305	390	11	ct	ct	PROPN
ftr-305	390	12	.	.	PUNCT
ftr-305	390	13	cl	cl	NOUN
ftr-305	390	14	.	.	PROPN
ftr-305	390	15	1982	1982	NUM
ftr-305	390	16	)	)	PUNCT
ftr-305	390	17	.	.	PUNCT
ftr-305	391	1	75	75	NUM
ftr-305	391	2	.	.	PUNCT
ftr-305	391	3	regs	regs	PROPN
ftr-305	391	4	.	.	PUNCT
ftr-305	392	1	§	§	PROPN
ftr-305	392	2	1.1446	1.1446	NUM
ftr-305	392	3	-	-	SYM
ftr-305	392	4	3	3	NUM
ftr-305	392	5	.	.	PUNCT
ftr-305	393	1	under	under	ADP
ftr-305	393	2	the	the	DET
ftr-305	393	3	specific	specific	ADJ
ftr-305	393	4	circumstances	circumstance	NOUN
ftr-305	393	5	set	set	VERB
ftr-305	393	6	out	out	ADP
ftr-305	393	7	in	in	ADP
ftr-305	393	8	regulations	regulation	NOUN
ftr-305	393	9	section	section	NOUN
ftr-305	393	10	1.1446	1.1446	NUM
ftr-305	393	11	-	-	SYM
ftr-305	393	12	6	6	NUM
ftr-305	393	13	,	,	PUNCT
ftr-305	393	14	losses	loss	NOUN
ftr-305	393	15	and	and	CCONJ
ftr-305	393	16	deductions	deduction	NOUN
ftr-305	393	17	of	of	ADP
ftr-305	393	18	the	the	DET
ftr-305	393	19	partner	partner	NOUN
ftr-305	393	20	that	that	PRON
ftr-305	393	21	are	be	AUX
ftr-305	393	22	effectively	effectively	ADV
ftr-305	393	23	connected	connect	VERB
ftr-305	393	24	with	with	ADP
ftr-305	393	25	a	a	DET
ftr-305	393	26	u.s	u.s	PROPN
ftr-305	393	27	.	.	PROPN
ftr-305	393	28	business	business	NOUN
ftr-305	393	29	may	may	AUX
ftr-305	393	30	be	be	AUX
ftr-305	393	31	taken	take	VERB
ftr-305	393	32	into	into	ADP
ftr-305	393	33	account	account	NOUN
ftr-305	393	34	by	by	ADP
ftr-305	393	35	the	the	DET
ftr-305	393	36	partnership	partnership	NOUN
ftr-305	393	37	in	in	ADP
ftr-305	393	38	determining	determine	VERB
ftr-305	393	39	the	the	DET
ftr-305	393	40	amount	amount	NOUN
ftr-305	393	41	to	to	PART
ftr-305	393	42	be	be	AUX
ftr-305	393	43	withheld	withhold	VERB
ftr-305	393	44	.	.	PUNCT
ftr-305	394	1	76	76	NUM
ftr-305	394	2	.	.	PUNCT
ftr-305	394	3	i.r.c	i.r.c	NOUN
ftr-305	394	4	.	.	PUNCT
ftr-305	395	1	§	§	PROPN
ftr-305	395	2	897(g	897(g	PROPN
ftr-305	395	3	)	)	PUNCT
ftr-305	395	4	.	.	PUNCT
ftr-305	396	1	77	77	NUM
ftr-305	396	2	.	.	PUNCT
ftr-305	396	3	regs	regs	PROPN
ftr-305	396	4	.	.	PUNCT
ftr-305	397	1	§	§	PROPN
ftr-305	397	2	1.897	1.897	NUM
ftr-305	397	3	-	-	PUNCT
ftr-305	397	4	7t(a	7t(a	NUM
ftr-305	397	5	)	)	PUNCT
ftr-305	397	6	.	.	PUNCT
ftr-305	398	1	78	78	NUM
ftr-305	398	2	.	.	PUNCT
ftr-305	399	1	a	a	DET
ftr-305	399	2	publicly	publicly	ADV
ftr-305	399	3	-	-	PUNCT
ftr-305	399	4	traded	trade	VERB
ftr-305	399	5	partnership	partnership	NOUN
ftr-305	399	6	is	be	AUX
ftr-305	399	7	classified	classify	VERB
ftr-305	399	8	as	as	ADP
ftr-305	399	9	a	a	DET
ftr-305	399	10	partnership	partnership	NOUN
ftr-305	399	11	,	,	PUNCT
ftr-305	399	12	and	and	CCONJ
ftr-305	399	13	not	not	PART
ftr-305	399	14	as	as	ADP
ftr-305	399	15	an	an	DET
ftr-305	399	16	“	"	PUNCT
ftr-305	399	17	association	association	NOUN
ftr-305	399	18	,	,	PUNCT
ftr-305	399	19	”	"	PUNCT
ftr-305	399	20	only	only	ADV
ftr-305	399	21	if	if	SCONJ
ftr-305	399	22	it	it	PRON
ftr-305	399	23	meets	meet	VERB
ftr-305	399	24	the	the	DET
ftr-305	399	25	“	"	PUNCT
ftr-305	399	26	good	good	ADJ
ftr-305	399	27	”	"	PUNCT
ftr-305	399	28	gross	gross	ADJ
ftr-305	399	29	income	income	NOUN
ftr-305	399	30	test	test	NOUN
ftr-305	399	31	of	of	ADP
ftr-305	399	32	section	section	NOUN
ftr-305	399	33	7704	7704	NUM
ftr-305	399	34	for	for	ADP
ftr-305	399	35	each	each	DET
ftr-305	399	36	year	year	NOUN
ftr-305	399	37	in	in	ADP
ftr-305	399	38	which	which	PRON
ftr-305	399	39	it	it	PRON
ftr-305	399	40	is	be	AUX
ftr-305	399	41	publicly	publicly	ADV
ftr-305	399	42	traded	trade	VERB
ftr-305	399	43	.	.	PUNCT
ftr-305	400	1	i.r.c	i.r.c	NOUN
ftr-305	400	2	.	.	PUNCT
ftr-305	401	1	§	§	PROPN
ftr-305	401	2	7704(c	7704(c	NOUN
ftr-305	401	3	)	)	PUNCT
ftr-305	401	4	.	.	PUNCT
ftr-305	402	1	the	the	DET
ftr-305	402	2	credit	credit	NOUN
ftr-305	402	3	suisie	suisie	PROPN
ftr-305	402	4	equity	equity	NOUN
ftr-305	402	5	research	research	NOUN
ftr-305	402	6	,	,	PUNCT
ftr-305	402	7	reports	report	VERB
ftr-305	402	8	that	that	SCONJ
ftr-305	402	9	there	there	PRON
ftr-305	402	10	are	be	VERB
ftr-305	402	11	now	now	ADV
ftr-305	402	12	about	about	ADP
ftr-305	402	13	nintey	nintey	ADJ
ftr-305	402	14	“	"	PUNCT
ftr-305	402	15	traditional	traditional	ADJ
ftr-305	402	16	”	"	PUNCT
ftr-305	402	17	publicly	publicly	ADV
ftr-305	402	18	-	-	PUNCT
ftr-305	402	19	traded	trade	VERB
ftr-305	402	20	partnerships	partnership	NOUN
ftr-305	402	21	(	(	PUNCT
ftr-305	402	22	and	and	CCONJ
ftr-305	402	23	more	more	ADJ
ftr-305	402	24	if	if	SCONJ
ftr-305	402	25	those	those	PRON
ftr-305	402	26	traded	trade	VERB
ftr-305	402	27	over	over	ADP
ftr-305	402	28	the	the	DET
ftr-305	402	29	counter	counter	NOUN
ftr-305	402	30	or	or	CCONJ
ftr-305	402	31	otherwise	otherwise	ADV
ftr-305	402	32	not	not	PART
ftr-305	402	33	on	on	ADP
ftr-305	402	34	a	a	DET
ftr-305	402	35	public	public	ADJ
ftr-305	402	36	exchange	exchange	NOUN
ftr-305	402	37	are	be	AUX
ftr-305	402	38	included	include	VERB
ftr-305	402	39	)	)	PUNCT
ftr-305	402	40	with	with	ADP
ftr-305	402	41	an	an	DET
ftr-305	402	42	aggregate	aggregate	ADJ
ftr-305	402	43	market	market	NOUN
ftr-305	402	44	capitalization	capitalization	NOUN
ftr-305	402	45	of	of	ADP
ftr-305	402	46	more	more	ADJ
ftr-305	402	47	than	than	ADP
ftr-305	402	48	$	$	SYM
ftr-305	402	49	220	220	NUM
ftr-305	402	50	billion	billion	NUM
ftr-305	402	51	.	.	PUNCT
ftr-305	403	1	see	see	VERB
ftr-305	403	2	credit	credit	NOUN
ftr-305	403	3	suisse	suisse	NOUN
ftr-305	403	4	equity	equity	NOUN
ftr-305	403	5	research	research	NOUN
ftr-305	403	6	,	,	PUNCT
ftr-305	403	7	cs	cs	PROPN
ftr-305	403	8	mlp	mlp	PROPN
ftr-305	403	9	primer	primer	PROPN
ftr-305	403	10	–	–	PUNCT
ftr-305	403	11	part	part	NOUN
ftr-305	403	12	duex	duex	PROPN
ftr-305	403	13	(	(	PUNCT
ftr-305	403	14	nov	nov	PROPN
ftr-305	403	15	.	.	PROPN
ftr-305	403	16	23	23	NUM
ftr-305	403	17	,	,	PUNCT
ftr-305	403	18	2011	2011	NUM
ftr-305	403	19	)	)	PUNCT
ftr-305	403	20	,	,	PUNCT
ftr-305	403	21	http://www.naptp.org/documentlinks/investor_relations/cs_mlp_primerpart_deux.pdf	http://www.naptp.org/documentlinks/investor_relations/cs_mlp_primerpart_deux.pdf	PROPN
ftr-305	403	22	.	.	PUNCT
ftr-305	404	1	these	these	PRON
ftr-305	404	2	consist	consist	VERB
ftr-305	404	3	generally	generally	ADV
ftr-305	404	4	of	of	ADP
ftr-305	404	5	publicly	publicly	ADV
ftr-305	404	6	-	-	PUNCT
ftr-305	404	7	traded	trade	VERB
ftr-305	404	8	partnerships	partnership	NOUN
ftr-305	404	9	in	in	ADP
ftr-305	404	10	the	the	DET
ftr-305	404	11	oil	oil	NOUN
ftr-305	404	12	and	and	CCONJ
ftr-305	404	13	gas	gas	NOUN
ftr-305	404	14	,	,	PUNCT
ftr-305	404	15	other	other	ADJ
ftr-305	404	16	natural	natural	ADJ
ftr-305	404	17	resources	resource	NOUN
ftr-305	404	18	,	,	PUNCT
ftr-305	404	19	pipeline	pipeline	NOUN
ftr-305	404	20	,	,	PUNCT
ftr-305	404	21	fuel	fuel	NOUN
ftr-305	404	22	distribution	distribution	NOUN
ftr-305	404	23	and	and	CCONJ
ftr-305	404	24	marine	marine	ADJ
ftr-305	404	25	transportation	transportation	NOUN
ftr-305	404	26	businesses	business	NOUN
ftr-305	404	27	.	.	PUNCT
ftr-305	405	1	the	the	DET
ftr-305	405	2	national	national	PROPN
ftr-305	405	3	association	association	PROPN
ftr-305	405	4	of	of	ADP
ftr-305	405	5	publicly	publicly	ADV
ftr-305	405	6	traded	trade	VERB
ftr-305	405	7	partnerships	partnership	NOUN
ftr-305	405	8	represents	represent	VERB
ftr-305	405	9	the	the	DET
ftr-305	405	10	2013	2013	NUM
ftr-305	405	11	]	]	PUNCT
ftr-305	405	12	suppose	suppose	VERB
ftr-305	405	13	firpta	firpta	NOUN
ftr-305	405	14	was	be	AUX
ftr-305	405	15	repealed	repeal	VERB
ftr-305	405	16	21	21	NUM
ftr-305	405	17	subject	subject	NOUN
ftr-305	405	18	to	to	ADP
ftr-305	405	19	withholding	withhold	VERB
ftr-305	405	20	tax	tax	NOUN
ftr-305	405	21	only	only	ADV
ftr-305	405	22	when	when	SCONJ
ftr-305	405	23	distributed	distribute	VERB
ftr-305	405	24	,	,	PUNCT
ftr-305	405	25	again	again	ADV
ftr-305	405	26	at	at	ADP
ftr-305	405	27	the	the	DET
ftr-305	405	28	highest	high	ADJ
ftr-305	405	29	applicable	applicable	ADJ
ftr-305	405	30	rate.79	rate.79	NOUN
ftr-305	405	31	in	in	ADP
ftr-305	405	32	addition	addition	NOUN
ftr-305	405	33	,	,	PUNCT
ftr-305	405	34	in	in	ADP
ftr-305	405	35	the	the	DET
ftr-305	405	36	case	case	NOUN
ftr-305	405	37	of	of	ADP
ftr-305	405	38	a	a	DET
ftr-305	405	39	sale	sale	NOUN
ftr-305	405	40	or	or	CCONJ
ftr-305	405	41	other	other	ADJ
ftr-305	405	42	disposition	disposition	NOUN
ftr-305	405	43	of	of	ADP
ftr-305	405	44	a	a	DET
ftr-305	405	45	partnership	partnership	NOUN
ftr-305	405	46	interest	interest	NOUN
ftr-305	405	47	,	,	PUNCT
ftr-305	405	48	the	the	DET
ftr-305	405	49	regulations	regulation	NOUN
ftr-305	405	50	treat	treat	VERB
ftr-305	405	51	a	a	DET
ftr-305	405	52	publicly	publicly	ADV
ftr-305	405	53	-	-	PUNCT
ftr-305	405	54	traded	trade	VERB
ftr-305	405	55	partnership	partnership	NOUN
ftr-305	405	56	as	as	ADP
ftr-305	405	57	a	a	DET
ftr-305	405	58	u.s	u.s	PROPN
ftr-305	405	59	.	.	PROPN
ftr-305	405	60	corporation	corporation	NOUN
ftr-305	405	61	for	for	ADP
ftr-305	405	62	firpta	firpta	NOUN
ftr-305	405	63	purposes.80	purposes.80	NOUN
ftr-305	405	64	as	as	ADP
ftr-305	405	65	a	a	DET
ftr-305	405	66	consequence	consequence	NOUN
ftr-305	405	67	,	,	PUNCT
ftr-305	405	68	under	under	ADP
ftr-305	405	69	the	the	DET
ftr-305	405	70	rule	rule	NOUN
ftr-305	405	71	that	that	PRON
ftr-305	405	72	applies	apply	VERB
ftr-305	405	73	to	to	ADP
ftr-305	405	74	publicly	publicly	ADV
ftr-305	405	75	-	-	PUNCT
ftr-305	405	76	traded	trade	VERB
ftr-305	405	77	corporations	corporation	NOUN
ftr-305	405	78	,	,	PUNCT
ftr-305	405	79	there	there	PRON
ftr-305	405	80	is	be	VERB
ftr-305	405	81	no	no	DET
ftr-305	405	82	tax	tax	NOUN
ftr-305	405	83	on	on	ADP
ftr-305	405	84	gain	gain	NOUN
ftr-305	405	85	from	from	ADP
ftr-305	405	86	the	the	DET
ftr-305	405	87	sale	sale	NOUN
ftr-305	405	88	of	of	ADP
ftr-305	405	89	a	a	DET
ftr-305	405	90	5	5	NUM
ftr-305	405	91	percent	percent	NOUN
ftr-305	405	92	or	or	CCONJ
ftr-305	405	93	smaller	small	ADJ
ftr-305	405	94	interest	interest	NOUN
ftr-305	405	95	in	in	ADP
ftr-305	405	96	a	a	DET
ftr-305	405	97	class	class	NOUN
ftr-305	405	98	of	of	ADP
ftr-305	405	99	publicly	publicly	ADV
ftr-305	405	100	-	-	PUNCT
ftr-305	405	101	traded	trade	VERB
ftr-305	405	102	interests	interest	NOUN
ftr-305	405	103	,	,	PUNCT
ftr-305	405	104	but	but	CCONJ
ftr-305	405	105	a	a	DET
ftr-305	405	106	more	more	ADJ
ftr-305	405	107	than	than	ADP
ftr-305	405	108	5	5	NUM
ftr-305	405	109	percent	percent	NOUN
ftr-305	405	110	interest	interest	NOUN
ftr-305	405	111	in	in	ADP
ftr-305	405	112	the	the	DET
ftr-305	405	113	partnership	partnership	NOUN
ftr-305	405	114	would	would	AUX
ftr-305	405	115	be	be	AUX
ftr-305	405	116	treated	treat	VERB
ftr-305	405	117	in	in	ADP
ftr-305	405	118	its	its	PRON
ftr-305	405	119	entirety	entirety	NOUN
ftr-305	405	120	as	as	ADP
ftr-305	405	121	an	an	DET
ftr-305	405	122	interest	interest	NOUN
ftr-305	405	123	in	in	ADP
ftr-305	405	124	usrp	usrp	NOUN
ftr-305	405	125	if	if	SCONJ
ftr-305	405	126	the	the	DET
ftr-305	405	127	notional	notional	ADJ
ftr-305	405	128	corporation	corporation	NOUN
ftr-305	405	129	was	be	AUX
ftr-305	405	130	a	a	DET
ftr-305	405	131	usrphc.81	usrphc.81	NOUN
ftr-305	405	132	the	the	DET
ftr-305	405	133	5	5	NUM
ftr-305	405	134	percent	percent	NOUN
ftr-305	405	135	or	or	CCONJ
ftr-305	405	136	less	less	ADJ
ftr-305	405	137	exception	exception	NOUN
ftr-305	405	138	is	be	AUX
ftr-305	405	139	important	important	ADJ
ftr-305	405	140	because	because	SCONJ
ftr-305	405	141	many	many	ADJ
ftr-305	405	142	if	if	SCONJ
ftr-305	405	143	not	not	PART
ftr-305	405	144	most	most	ADV
ftr-305	405	145	publicly	publicly	ADV
ftr-305	405	146	-	-	PUNCT
ftr-305	405	147	traded	trade	VERB
ftr-305	405	148	partnerships	partnership	NOUN
ftr-305	405	149	invest	invest	VERB
ftr-305	405	150	heavily	heavily	ADV
ftr-305	405	151	in	in	ADP
ftr-305	405	152	assets	asset	NOUN
ftr-305	405	153	that	that	PRON
ftr-305	405	154	are	be	AUX
ftr-305	405	155	interests	interest	NOUN
ftr-305	405	156	in	in	ADP
ftr-305	405	157	usrp	usrp	NOUN
ftr-305	405	158	,	,	PUNCT
ftr-305	405	159	such	such	ADJ
ftr-305	405	160	as	as	ADP
ftr-305	405	161	mineral	mineral	NOUN
ftr-305	405	162	properties	property	NOUN
ftr-305	405	163	or	or	CCONJ
ftr-305	405	164	“	"	PUNCT
ftr-305	405	165	inherently	inherently	ADV
ftr-305	405	166	permanent	permanent	ADJ
ftr-305	405	167	”	"	PUNCT
ftr-305	405	168	structures	structure	NOUN
ftr-305	405	169	,	,	PUNCT
ftr-305	405	170	such	such	ADJ
ftr-305	405	171	as	as	ADP
ftr-305	405	172	pipelines	pipeline	NOUN
ftr-305	405	173	,	,	PUNCT
ftr-305	405	174	storage	storage	NOUN
ftr-305	405	175	facilities	facility	NOUN
ftr-305	405	176	and	and	CCONJ
ftr-305	405	177	the	the	DET
ftr-305	405	178	like.82	like.82	NOUN
ftr-305	405	179	the	the	DET
ftr-305	405	180	exception	exception	NOUN
ftr-305	405	181	for	for	ADP
ftr-305	405	182	sales	sale	NOUN
ftr-305	405	183	of	of	ADP
ftr-305	405	184	interests	interest	NOUN
ftr-305	405	185	in	in	ADP
ftr-305	405	186	publicly	publicly	ADV
ftr-305	405	187	-	-	PUNCT
ftr-305	405	188	traded	trade	VERB
ftr-305	405	189	partnerships	partnership	NOUN
ftr-305	405	190	does	do	AUX
ftr-305	405	191	not	not	PART
ftr-305	405	192	eliminate	eliminate	VERB
ftr-305	405	193	the	the	DET
ftr-305	405	194	need	need	NOUN
ftr-305	405	195	for	for	ADP
ftr-305	405	196	a	a	DET
ftr-305	405	197	5	5	NUM
ftr-305	405	198	percent	percent	NOUN
ftr-305	405	199	or	or	CCONJ
ftr-305	405	200	smaller	small	ADJ
ftr-305	405	201	partner	partner	NOUN
ftr-305	405	202	to	to	PART
ftr-305	405	203	file	file	VERB
ftr-305	405	204	on	on	ADP
ftr-305	405	205	the	the	DET
ftr-305	405	206	basis	basis	NOUN
ftr-305	405	207	that	that	SCONJ
ftr-305	405	208	the	the	DET
ftr-305	405	209	partner	partner	NOUN
ftr-305	405	210	is	be	AUX
ftr-305	405	211	engaged	engage	VERB
ftr-305	405	212	in	in	ADP
ftr-305	405	213	a	a	DET
ftr-305	405	214	u.s	u.s	PROPN
ftr-305	405	215	.	.	PROPN
ftr-305	405	216	trade	trade	NOUN
ftr-305	405	217	or	or	CCONJ
ftr-305	405	218	business	business	NOUN
ftr-305	405	219	or	or	CCONJ
ftr-305	405	220	eliminate	eliminate	VERB
ftr-305	405	221	u.s	u.s	PROPN
ftr-305	405	222	.	.	PROPN
ftr-305	405	223	tax	tax	NOUN
ftr-305	405	224	on	on	ADP
ftr-305	405	225	the	the	DET
ftr-305	405	226	partner	partner	NOUN
ftr-305	405	227	’s	’s	PART
ftr-305	405	228	share	share	NOUN
ftr-305	405	229	of	of	ADP
ftr-305	405	230	partnership	partnership	NOUN
ftr-305	405	231	income	income	NOUN
ftr-305	405	232	,	,	PUNCT
ftr-305	405	233	including	include	VERB
ftr-305	405	234	gain	gain	NOUN
ftr-305	405	235	from	from	ADP
ftr-305	405	236	the	the	DET
ftr-305	405	237	disposition	disposition	NOUN
ftr-305	405	238	of	of	ADP
ftr-305	405	239	interests	interest	NOUN
ftr-305	405	240	in	in	ADP
ftr-305	405	241	usrp.83	usrp.83	ADJ
ftr-305	405	242	the	the	DET
ftr-305	405	243	firpta	firpta	NOUN
ftr-305	405	244	rules	rule	NOUN
ftr-305	405	245	that	that	PRON
ftr-305	405	246	turn	turn	VERB
ftr-305	405	247	off	off	ADP
ftr-305	405	248	non	non	ADJ
ftr-305	405	249	-	-	ADJ
ftr-305	405	250	recognition	recognition	ADJ
ftr-305	405	251	provisions	provision	NOUN
ftr-305	405	252	of	of	ADP
ftr-305	405	253	the	the	DET
ftr-305	405	254	code	code	NOUN
ftr-305	405	255	that	that	PRON
ftr-305	405	256	might	might	AUX
ftr-305	405	257	otherwise	otherwise	ADV
ftr-305	405	258	eliminate	eliminate	VERB
ftr-305	405	259	or	or	CCONJ
ftr-305	405	260	dilute	dilute	VERB
ftr-305	405	261	the	the	DET
ftr-305	405	262	firpta	firpta	NOUN
ftr-305	405	263	tax	tax	NOUN
ftr-305	405	264	apply	apply	VERB
ftr-305	405	265	to	to	ADP
ftr-305	405	266	partnership	partnership	NOUN
ftr-305	405	267	non	non	ADJ
ftr-305	405	268	-	-	NOUN
ftr-305	405	269	recognition	recognition	ADJ
ftr-305	405	270	provisions	provision	NOUN
ftr-305	405	271	such	such	ADJ
ftr-305	405	272	as	as	ADP
ftr-305	405	273	sections	section	NOUN
ftr-305	405	274	721	721	NUM
ftr-305	405	275	and	and	CCONJ
ftr-305	405	276	731.84	731.84	NUM
ftr-305	405	277	it	it	PRON
ftr-305	405	278	is	be	AUX
ftr-305	405	279	not	not	PART
ftr-305	405	280	clear	clear	ADJ
ftr-305	405	281	,	,	PUNCT
ftr-305	405	282	however	however	ADV
ftr-305	405	283	,	,	PUNCT
ftr-305	405	284	that	that	SCONJ
ftr-305	405	285	the	the	DET
ftr-305	405	286	turn	turn	NOUN
ftr-305	405	287	off	off	ADP
ftr-305	405	288	will	will	AUX
ftr-305	405	289	always	always	ADV
ftr-305	405	290	be	be	AUX
ftr-305	405	291	successful	successful	ADJ
ftr-305	405	292	in	in	ADP
ftr-305	405	293	the	the	DET
ftr-305	405	294	case	case	NOUN
ftr-305	405	295	of	of	ADP
ftr-305	405	296	a	a	DET
ftr-305	405	297	privately	privately	ADV
ftr-305	405	298	-	-	PUNCT
ftr-305	405	299	held	hold	VERB
ftr-305	405	300	partnership.85	partnership.85	NOUN
ftr-305	405	301	“	"	PUNCT
ftr-305	405	302	traditional	traditional	ADJ
ftr-305	405	303	”	"	PUNCT
ftr-305	405	304	publicly	publicly	ADV
ftr-305	405	305	-	-	PUNCT
ftr-305	405	306	traded	trade	VERB
ftr-305	405	307	partnerships	partnership	NOUN
ftr-305	405	308	in	in	ADP
ftr-305	405	309	lobbying	lobbying	NOUN
ftr-305	405	310	matters	matter	NOUN
ftr-305	405	311	,	,	PUNCT
ftr-305	405	312	and	and	CCONJ
ftr-305	405	313	its	its	PRON
ftr-305	405	314	membership	membership	NOUN
ftr-305	405	315	does	do	AUX
ftr-305	405	316	not	not	PART
ftr-305	405	317	include	include	VERB
ftr-305	405	318	the	the	DET
ftr-305	405	319	more	more	ADV
ftr-305	405	320	recent	recent	ADJ
ftr-305	405	321	publicly	publicly	ADV
ftr-305	405	322	-	-	PUNCT
ftr-305	405	323	traded	trade	VERB
ftr-305	405	324	partnerships	partnership	NOUN
ftr-305	405	325	in	in	ADP
ftr-305	405	326	the	the	DET
ftr-305	405	327	investing	investing	NOUN
ftr-305	405	328	and	and	CCONJ
ftr-305	405	329	asset	asset	NOUN
ftr-305	405	330	management	management	NOUN
ftr-305	405	331	businesses	business	NOUN
ftr-305	405	332	,	,	PUNCT
ftr-305	405	333	such	such	ADJ
ftr-305	405	334	as	as	ADP
ftr-305	405	335	fortress	fortress	NOUN
ftr-305	405	336	investment	investment	NOUN
ftr-305	405	337	group	group	NOUN
ftr-305	405	338	llc	llc	PROPN
ftr-305	405	339	,	,	PUNCT
ftr-305	405	340	apollo	apollo	PROPN
ftr-305	405	341	global	global	PROPN
ftr-305	405	342	management	management	PROPN
ftr-305	405	343	llc	llc	PROPN
ftr-305	405	344	,	,	PUNCT
ftr-305	405	345	the	the	DET
ftr-305	405	346	blackstone	blackstone	NOUN
ftr-305	405	347	group	group	NOUN
ftr-305	405	348	l.p	l.p	PROPN
ftr-305	405	349	.	.	PROPN
ftr-305	405	350	,	,	PUNCT
ftr-305	405	351	kkr	kkr	PROPN
ftr-305	405	352	financial	financial	PROPN
ftr-305	405	353	holdings	holdings	PROPN
ftr-305	405	354	llc	llc	PROPN
ftr-305	405	355	,	,	PUNCT
ftr-305	405	356	or	or	CCONJ
ftr-305	405	357	och	och	PROPN
ftr-305	405	358	-	-	PUNCT
ftr-305	405	359	ziff	ziff	NOUN
ftr-305	405	360	capital	capital	PROPN
ftr-305	405	361	management	management	PROPN
ftr-305	405	362	group	group	PROPN
ftr-305	405	363	llc	llc	PROPN
ftr-305	405	364	.	.	PUNCT
ftr-305	406	1	ptps	ptps	PROPN
ftr-305	406	2	currently	currently	ADV
ftr-305	406	3	traded	trade	VERB
ftr-305	406	4	on	on	ADP
ftr-305	406	5	u.s	u.s	PROPN
ftr-305	406	6	.	.	PROPN
ftr-305	406	7	exchanges	exchange	NOUN
ftr-305	406	8	,	,	PUNCT
ftr-305	406	9	national	national	ADJ
ftr-305	406	10	association	association	NOUN
ftr-305	406	11	of	of	ADP
ftr-305	406	12	publicly	publicly	ADV
ftr-305	406	13	traded	trade	VERB
ftr-305	406	14	partnerships	partnership	NOUN
ftr-305	406	15	,	,	PUNCT
ftr-305	406	16	http://www.naptp.org/ptp101/currentptps.htm	http://www.naptp.org/ptp101/currentptps.htm	PROPN
ftr-305	406	17	(	(	PUNCT
ftr-305	406	18	last	last	ADJ
ftr-305	406	19	visited	visit	VERB
ftr-305	406	20	feb	feb	PROPN
ftr-305	406	21	.	.	PROPN
ftr-305	406	22	5	5	NUM
ftr-305	406	23	,	,	PUNCT
ftr-305	406	24	2013	2013	NUM
ftr-305	406	25	)	)	PUNCT
ftr-305	406	26	.	.	PUNCT
ftr-305	407	1	79	79	NUM
ftr-305	407	2	.	.	PUNCT
ftr-305	407	3	regs	regs	PROPN
ftr-305	407	4	.	.	PUNCT
ftr-305	408	1	§	§	PROPN
ftr-305	408	2	1.1446	1.1446	NUM
ftr-305	408	3	-	-	SYM
ftr-305	408	4	4	4	NUM
ftr-305	408	5	.	.	NUM
ftr-305	408	6	80	80	NUM
ftr-305	408	7	.	.	PUNCT
ftr-305	408	8	regs	regs	PROPN
ftr-305	408	9	.	.	PUNCT
ftr-305	409	1	§	§	PROPN
ftr-305	409	2	1.897	1.897	NUM
ftr-305	409	3	-	-	SYM
ftr-305	409	4	1(c)(2)(iv	1(c)(2)(iv	NUM
ftr-305	409	5	)	)	PUNCT
ftr-305	409	6	.	.	PUNCT
ftr-305	410	1	81	81	NUM
ftr-305	410	2	.	.	PUNCT
ftr-305	410	3	regs	regs	PROPN
ftr-305	410	4	.	.	PUNCT
ftr-305	411	1	§	§	PROPN
ftr-305	411	2	1.897	1.897	NUM
ftr-305	411	3	-	-	SYM
ftr-305	411	4	1(c)(2)(iv	1(c)(2)(iv	NUM
ftr-305	411	5	)	)	PUNCT
ftr-305	411	6	,	,	PUNCT
ftr-305	411	7	example	example	NOUN
ftr-305	411	8	.	.	PUNCT
ftr-305	412	1	82	82	X
ftr-305	412	2	.	.	PUNCT
ftr-305	413	1	see	see	VERB
ftr-305	413	2	infra	infra	NOUN
ftr-305	413	3	note	note	VERB
ftr-305	413	4	131	131	NUM
ftr-305	413	5	.	.	NOUN
ftr-305	413	6	83	83	NUM
ftr-305	413	7	.	.	PUNCT
ftr-305	414	1	the	the	DET
ftr-305	414	2	notional	notional	ADJ
ftr-305	414	3	u.s	u.s	PROPN
ftr-305	414	4	.	.	PROPN
ftr-305	414	5	corporation	corporation	NOUN
ftr-305	414	6	rule	rule	NOUN
ftr-305	414	7	seemingly	seemingly	ADV
ftr-305	414	8	applies	apply	VERB
ftr-305	414	9	whether	whether	SCONJ
ftr-305	414	10	the	the	DET
ftr-305	414	11	partnership	partnership	NOUN
ftr-305	414	12	is	be	AUX
ftr-305	414	13	u.s	u.s	PROPN
ftr-305	414	14	.	.	PROPN
ftr-305	414	15	or	or	CCONJ
ftr-305	414	16	foreign	foreign	ADJ
ftr-305	414	17	,	,	PUNCT
ftr-305	414	18	and	and	CCONJ
ftr-305	414	19	taxes	tax	VERB
ftr-305	414	20	the	the	DET
ftr-305	414	21	holder	holder	NOUN
ftr-305	414	22	of	of	ADP
ftr-305	414	23	a	a	DET
ftr-305	414	24	non	non	ADJ
ftr-305	414	25	-	-	ADJ
ftr-305	414	26	publicly	publicly	ADV
ftr-305	414	27	traded	trade	VERB
ftr-305	414	28	interest	interest	NOUN
ftr-305	414	29	in	in	ADP
ftr-305	414	30	the	the	DET
ftr-305	414	31	partnership	partnership	NOUN
ftr-305	414	32	as	as	ADP
ftr-305	414	33	a	a	DET
ftr-305	414	34	holder	holder	NOUN
ftr-305	414	35	of	of	ADP
ftr-305	414	36	a	a	DET
ftr-305	414	37	usrphc	usrphc	NOUN
ftr-305	414	38	if	if	SCONJ
ftr-305	414	39	the	the	DET
ftr-305	414	40	partnership	partnership	NOUN
ftr-305	414	41	would	would	AUX
ftr-305	414	42	be	be	AUX
ftr-305	414	43	a	a	DET
ftr-305	414	44	usrphc	usrphc	NOUN
ftr-305	414	45	.	.	PUNCT
ftr-305	415	1	see	see	VERB
ftr-305	415	2	kimberly	kimberly	PROPN
ftr-305	415	3	s.	s.	PROPN
ftr-305	415	4	blanchard	blanchard	PROPN
ftr-305	415	5	,	,	PUNCT
ftr-305	415	6	firpta	firpta	NOUN
ftr-305	415	7	in	in	ADP
ftr-305	415	8	the	the	DET
ftr-305	415	9	21st	21st	ADJ
ftr-305	415	10	century	century	NOUN
ftr-305	415	11	,	,	PUNCT
ftr-305	415	12	installment	installment	NOUN
ftr-305	415	13	three	three	NUM
ftr-305	415	14	:	:	PUNCT
ftr-305	415	15	firpta	firpta	NOUN
ftr-305	415	16	and	and	CCONJ
ftr-305	415	17	foreign	foreign	ADJ
ftr-305	415	18	ptps	ptps	NOUN
ftr-305	415	19	,	,	PUNCT
ftr-305	415	20	37	37	NUM
ftr-305	415	21	tax	tax	NOUN
ftr-305	415	22	mgm’t	mgm’t	PROPN
ftr-305	415	23	int’l	int’l	NUM
ftr-305	415	24	j.	j.	PROPN
ftr-305	415	25	176	176	PROPN
ftr-305	415	26	(	(	PUNCT
ftr-305	415	27	2008	2008	NUM
ftr-305	415	28	)	)	PUNCT
ftr-305	415	29	(	(	PUNCT
ftr-305	415	30	for	for	ADP
ftr-305	415	31	criticism	criticism	NOUN
ftr-305	415	32	of	of	ADP
ftr-305	415	33	the	the	DET
ftr-305	415	34	rule	rule	NOUN
ftr-305	415	35	)	)	PUNCT
ftr-305	415	36	.	.	PUNCT
ftr-305	416	1	84	84	NUM
ftr-305	416	2	.	.	PUNCT
ftr-305	417	1	temp	temp	NOUN
ftr-305	417	2	.	.	PUNCT
ftr-305	418	1	regs	regs	PROPN
ftr-305	418	2	.	.	PUNCT
ftr-305	419	1	§	§	PROPN
ftr-305	419	2	1.897	1.897	NUM
ftr-305	419	3	-	-	PUNCT
ftr-305	419	4	6t(a)(2	6t(a)(2	NUM
ftr-305	419	5	)	)	PUNCT
ftr-305	419	6	.	.	PUNCT
ftr-305	420	1	85	85	NUM
ftr-305	420	2	.	.	PUNCT
ftr-305	421	1	the	the	DET
ftr-305	421	2	override	override	NOUN
ftr-305	421	3	of	of	ADP
ftr-305	421	4	section	section	NOUN
ftr-305	421	5	721	721	NUM
ftr-305	421	6	,	,	PUNCT
ftr-305	421	7	for	for	ADP
ftr-305	421	8	example	example	NOUN
ftr-305	421	9	,	,	PUNCT
ftr-305	421	10	addresses	address	VERB
ftr-305	421	11	the	the	DET
ftr-305	421	12	transfer	transfer	NOUN
ftr-305	421	13	of	of	ADP
ftr-305	421	14	an	an	DET
ftr-305	421	15	interest	interest	NOUN
ftr-305	421	16	in	in	ADP
ftr-305	421	17	usrp	usrp	NOUN
ftr-305	421	18	that	that	PRON
ftr-305	421	19	has	have	VERB
ftr-305	421	20	a	a	DET
ftr-305	421	21	built	build	VERB
ftr-305	421	22	-	-	PUNCT
ftr-305	421	23	in	in	ADP
ftr-305	421	24	gain	gain	NOUN
ftr-305	421	25	to	to	ADP
ftr-305	421	26	a	a	DET
ftr-305	421	27	partnership	partnership	NOUN
ftr-305	421	28	that	that	PRON
ftr-305	421	29	holds	hold	VERB
ftr-305	421	30	foreign	foreign	ADJ
ftr-305	421	31	real	real	ADJ
ftr-305	421	32	property	property	NOUN
ftr-305	421	33	or	or	CCONJ
ftr-305	421	34	other	other	ADJ
ftr-305	421	35	assets	asset	NOUN
ftr-305	421	36	whose	whose	DET
ftr-305	421	37	disposition	disposition	NOUN
ftr-305	421	38	would	would	AUX
ftr-305	421	39	not	not	PART
ftr-305	421	40	be	be	AUX
ftr-305	421	41	effectively	effectively	ADV
ftr-305	421	42	connected	connect	VERB
ftr-305	421	43	with	with	ADP
ftr-305	421	44	a	a	DET
ftr-305	421	45	u.s	u.s	PROPN
ftr-305	421	46	.	.	PROPN
ftr-305	421	47	trade	trade	NOUN
ftr-305	421	48	or	or	CCONJ
ftr-305	421	49	business	business	NOUN
ftr-305	421	50	,	,	PUNCT
ftr-305	421	51	but	but	CCONJ
ftr-305	421	52	it	it	PRON
ftr-305	421	53	would	would	AUX
ftr-305	421	54	not	not	PART
ftr-305	421	55	effectively	effectively	ADV
ftr-305	421	56	deal	deal	VERB
ftr-305	421	57	with	with	ADP
ftr-305	421	58	a	a	DET
ftr-305	421	59	case	case	NOUN
ftr-305	421	60	in	in	ADP
ftr-305	421	61	which	which	PRON
ftr-305	421	62	the	the	DET
ftr-305	421	63	partnership	partnership	NOUN
ftr-305	421	64	held	hold	VERB
ftr-305	421	65	appreciated	appreciated	ADJ
ftr-305	421	66	interests	interest	NOUN
ftr-305	421	67	in	in	ADP
ftr-305	421	68	usrp	usrp	NOUN
ftr-305	421	69	and	and	CCONJ
ftr-305	421	70	then	then	ADV
ftr-305	421	71	issued	issue	VERB
ftr-305	421	72	partnership	partnership	NOUN
ftr-305	421	73	interests	interest	NOUN
ftr-305	421	74	22	22	NUM
ftr-305	421	75	florida	florida	PROPN
ftr-305	421	76	tax	tax	NOUN
ftr-305	421	77	review	review	NOUN
ftr-305	421	78	[	[	X
ftr-305	421	79	vol	vol	NOUN
ftr-305	421	80	.	.	PUNCT
ftr-305	422	1	14:1	14:1	NUM
ftr-305	422	2	3	3	X
ftr-305	422	3	.	.	PUNCT
ftr-305	422	4	reits	reits	PROPN
ftr-305	422	5	a	a	DET
ftr-305	422	6	u.s	u.s	PROPN
ftr-305	422	7	.	.	PROPN
ftr-305	422	8	corporation	corporation	NOUN
ftr-305	422	9	that	that	PRON
ftr-305	422	10	meets	meet	VERB
ftr-305	422	11	certain	certain	ADJ
ftr-305	422	12	income	income	NOUN
ftr-305	422	13	,	,	PUNCT
ftr-305	422	14	asset	asset	NOUN
ftr-305	422	15	,	,	PUNCT
ftr-305	422	16	ownership	ownership	NOUN
ftr-305	422	17	,	,	PUNCT
ftr-305	422	18	and	and	CCONJ
ftr-305	422	19	dividend	dividend	NOUN
ftr-305	422	20	distribution	distribution	NOUN
ftr-305	422	21	requirements	requirement	NOUN
ftr-305	422	22	may	may	AUX
ftr-305	422	23	elect	elect	VERB
ftr-305	422	24	to	to	PART
ftr-305	422	25	be	be	AUX
ftr-305	422	26	a	a	DET
ftr-305	422	27	reit.86	reit.86	NOUN
ftr-305	422	28	if	if	SCONJ
ftr-305	422	29	the	the	DET
ftr-305	422	30	election	election	NOUN
ftr-305	422	31	is	be	AUX
ftr-305	422	32	made	make	VERB
ftr-305	422	33	,	,	PUNCT
ftr-305	422	34	the	the	DET
ftr-305	422	35	reit	reit	NOUN
ftr-305	422	36	may	may	AUX
ftr-305	422	37	deduct	deduct	VERB
ftr-305	422	38	dividends	dividend	NOUN
ftr-305	422	39	to	to	ADP
ftr-305	422	40	shareholders	shareholder	NOUN
ftr-305	422	41	;	;	PUNCT
ftr-305	422	42	and	and	CCONJ
ftr-305	422	43	,	,	PUNCT
ftr-305	422	44	since	since	SCONJ
ftr-305	422	45	reits	reit	NOUN
ftr-305	422	46	generally	generally	ADV
ftr-305	422	47	distribute	distribute	VERB
ftr-305	422	48	all	all	DET
ftr-305	422	49	ordinary	ordinary	ADJ
ftr-305	422	50	income	income	NOUN
ftr-305	422	51	and	and	CCONJ
ftr-305	422	52	capital	capital	NOUN
ftr-305	422	53	gain,87	gain,87	NOUN
ftr-305	422	54	they	they	PRON
ftr-305	422	55	generally	generally	ADV
ftr-305	422	56	pay	pay	VERB
ftr-305	422	57	no	no	DET
ftr-305	422	58	entity	entity	NOUN
ftr-305	422	59	-	-	PUNCT
ftr-305	422	60	level	level	NOUN
ftr-305	422	61	tax.88	tax.88	VERB
ftr-305	422	62	the	the	DET
ftr-305	422	63	original	original	ADJ
ftr-305	422	64	concept	concept	NOUN
ftr-305	422	65	of	of	ADP
ftr-305	422	66	the	the	DET
ftr-305	422	67	reit	reit	NOUN
ftr-305	422	68	rules	rule	NOUN
ftr-305	422	69	,	,	PUNCT
ftr-305	422	70	when	when	SCONJ
ftr-305	422	71	enacted	enact	VERB
ftr-305	422	72	in	in	ADP
ftr-305	422	73	1960	1960	NUM
ftr-305	422	74	,	,	PUNCT
ftr-305	422	75	was	be	AUX
ftr-305	422	76	that	that	SCONJ
ftr-305	422	77	reits	reit	NOUN
ftr-305	422	78	would	would	AUX
ftr-305	422	79	be	be	AUX
ftr-305	422	80	essentially	essentially	ADV
ftr-305	422	81	passive	passive	ADJ
ftr-305	422	82	investors	investor	NOUN
ftr-305	422	83	in	in	ADP
ftr-305	422	84	portfolios	portfolio	NOUN
ftr-305	422	85	of	of	ADP
ftr-305	422	86	real	real	ADJ
ftr-305	422	87	estate	estate	NOUN
ftr-305	422	88	and/or	and/or	CCONJ
ftr-305	422	89	in	in	ADP
ftr-305	422	90	mortgages	mortgage	NOUN
ftr-305	422	91	secured	secure	VERB
ftr-305	422	92	by	by	ADP
ftr-305	422	93	real	real	ADJ
ftr-305	422	94	property	property	NOUN
ftr-305	422	95	.	.	PUNCT
ftr-305	423	1	distributions	distribution	NOUN
ftr-305	423	2	by	by	ADP
ftr-305	423	3	a	a	DET
ftr-305	423	4	reit	reit	NOUN
ftr-305	423	5	to	to	ADP
ftr-305	423	6	a	a	DET
ftr-305	423	7	foreign	foreign	ADJ
ftr-305	423	8	shareholder	shareholder	NOUN
ftr-305	423	9	that	that	PRON
ftr-305	423	10	are	be	AUX
ftr-305	423	11	not	not	PART
ftr-305	423	12	distributions	distribution	NOUN
ftr-305	423	13	of	of	ADP
ftr-305	423	14	gain	gain	NOUN
ftr-305	423	15	from	from	ADP
ftr-305	423	16	a	a	DET
ftr-305	423	17	sale	sale	NOUN
ftr-305	423	18	or	or	CCONJ
ftr-305	423	19	other	other	ADJ
ftr-305	423	20	disposition	disposition	NOUN
ftr-305	423	21	of	of	ADP
ftr-305	423	22	interests	interest	NOUN
ftr-305	423	23	in	in	ADP
ftr-305	423	24	usrp	usrp	NOUN
ftr-305	423	25	are	be	AUX
ftr-305	423	26	,	,	PUNCT
ftr-305	423	27	to	to	ADP
ftr-305	423	28	the	the	DET
ftr-305	423	29	extent	extent	NOUN
ftr-305	423	30	out	out	ADP
ftr-305	423	31	of	of	ADP
ftr-305	423	32	earnings	earning	NOUN
ftr-305	423	33	and	and	CCONJ
ftr-305	423	34	profits	profit	NOUN
ftr-305	423	35	,	,	PUNCT
ftr-305	423	36	subject	subject	ADJ
ftr-305	423	37	to	to	ADP
ftr-305	423	38	the	the	DET
ftr-305	423	39	30	30	NUM
ftr-305	423	40	percent	percent	NOUN
ftr-305	423	41	withholding	withholding	NOUN
ftr-305	423	42	tax	tax	NOUN
ftr-305	423	43	that	that	PRON
ftr-305	423	44	applies	apply	VERB
ftr-305	423	45	to	to	ADP
ftr-305	423	46	dividends	dividend	NOUN
ftr-305	423	47	paid	pay	VERB
ftr-305	423	48	by	by	ADP
ftr-305	423	49	any	any	DET
ftr-305	423	50	u.s	u.s	PROPN
ftr-305	423	51	.	.	PROPN
ftr-305	423	52	corporation	corporation	NOUN
ftr-305	423	53	.	.	PUNCT
ftr-305	424	1	under	under	ADP
ftr-305	424	2	the	the	DET
ftr-305	424	3	distribution	distribution	NOUN
ftr-305	424	4	“	"	PUNCT
ftr-305	424	5	look	look	VERB
ftr-305	424	6	through	through	ADP
ftr-305	424	7	”	"	PUNCT
ftr-305	424	8	rule	rule	NOUN
ftr-305	424	9	of	of	ADP
ftr-305	424	10	section	section	NOUN
ftr-305	424	11	897(h)(1	897(h)(1	NOUN
ftr-305	424	12	)	)	PUNCT
ftr-305	424	13	,	,	PUNCT
ftr-305	424	14	distributions	distribution	NOUN
ftr-305	424	15	of	of	ADP
ftr-305	424	16	gain	gain	NOUN
ftr-305	424	17	from	from	ADP
ftr-305	424	18	a	a	DET
ftr-305	424	19	sale	sale	NOUN
ftr-305	424	20	or	or	CCONJ
ftr-305	424	21	other	other	ADJ
ftr-305	424	22	disposition	disposition	NOUN
ftr-305	424	23	of	of	ADP
ftr-305	424	24	an	an	DET
ftr-305	424	25	interest	interest	NOUN
ftr-305	424	26	in	in	ADP
ftr-305	424	27	usrp	usrp	NOUN
ftr-305	424	28	are	be	AUX
ftr-305	424	29	treated	treat	VERB
ftr-305	424	30	as	as	ADP
ftr-305	424	31	gain	gain	NOUN
ftr-305	424	32	from	from	ADP
ftr-305	424	33	a	a	DET
ftr-305	424	34	disposition	disposition	NOUN
ftr-305	424	35	by	by	ADP
ftr-305	424	36	the	the	DET
ftr-305	424	37	shareholder	shareholder	NOUN
ftr-305	424	38	and	and	CCONJ
ftr-305	424	39	thus	thus	ADV
ftr-305	424	40	are	be	AUX
ftr-305	424	41	generally	generally	ADV
ftr-305	424	42	subject	subject	ADJ
ftr-305	424	43	to	to	ADP
ftr-305	424	44	tax	tax	NOUN
ftr-305	424	45	as	as	ADP
ftr-305	424	46	effectively	effectively	ADV
ftr-305	424	47	connected	connected	ADJ
ftr-305	424	48	income	income	NOUN
ftr-305	424	49	(	(	PUNCT
ftr-305	424	50	regardless	regardless	ADV
ftr-305	424	51	of	of	ADP
ftr-305	424	52	whether	whether	SCONJ
ftr-305	424	53	or	or	CCONJ
ftr-305	424	54	not	not	PART
ftr-305	424	55	the	the	DET
ftr-305	424	56	reit	reit	NOUN
ftr-305	424	57	is	be	AUX
ftr-305	424	58	a	a	DET
ftr-305	424	59	usrphc	usrphc	ADJ
ftr-305	424	60	or	or	CCONJ
ftr-305	424	61	the	the	DET
ftr-305	424	62	gain	gain	NOUN
ftr-305	424	63	is	be	AUX
ftr-305	424	64	capital	capital	NOUN
ftr-305	424	65	gain	gain	NOUN
ftr-305	424	66	)	)	PUNCT
ftr-305	424	67	.	.	PUNCT
ftr-305	425	1	this	this	PRON
ftr-305	425	2	is	be	AUX
ftr-305	425	3	subject	subject	ADJ
ftr-305	425	4	to	to	ADP
ftr-305	425	5	an	an	DET
ftr-305	425	6	exception	exception	NOUN
ftr-305	425	7	for	for	ADP
ftr-305	425	8	distributions	distribution	NOUN
ftr-305	425	9	paid	pay	VERB
ftr-305	425	10	on	on	ADP
ftr-305	425	11	a	a	DET
ftr-305	425	12	class	class	NOUN
ftr-305	425	13	of	of	ADP
ftr-305	425	14	shares	share	NOUN
ftr-305	425	15	that	that	PRON
ftr-305	425	16	is	be	AUX
ftr-305	425	17	regularly	regularly	ADV
ftr-305	425	18	traded	trade	VERB
ftr-305	425	19	on	on	ADP
ftr-305	425	20	an	an	DET
ftr-305	425	21	established	establish	VERB
ftr-305	425	22	securities	security	NOUN
ftr-305	425	23	market	market	NOUN
ftr-305	425	24	in	in	ADP
ftr-305	425	25	the	the	DET
ftr-305	425	26	united	united	PROPN
ftr-305	425	27	states	states	PROPN
ftr-305	425	28	to	to	ADP
ftr-305	425	29	a	a	DET
ftr-305	425	30	foreign	foreign	ADJ
ftr-305	425	31	shareholder	shareholder	NOUN
ftr-305	425	32	that	that	PRON
ftr-305	425	33	owns	own	VERB
ftr-305	425	34	5	5	NUM
ftr-305	425	35	percent	percent	NOUN
ftr-305	425	36	or	or	CCONJ
ftr-305	425	37	less	less	ADJ
ftr-305	425	38	of	of	ADP
ftr-305	425	39	the	the	DET
ftr-305	425	40	class.89	class.89	NOUN
ftr-305	425	41	although	although	SCONJ
ftr-305	425	42	exempt	exempt	ADJ
ftr-305	425	43	from	from	ADP
ftr-305	425	44	firpta	firpta	NOUN
ftr-305	425	45	,	,	PUNCT
ftr-305	425	46	the	the	DET
ftr-305	425	47	distribution	distribution	NOUN
ftr-305	425	48	would	would	AUX
ftr-305	425	49	be	be	AUX
ftr-305	425	50	subject	subject	ADJ
ftr-305	425	51	to	to	ADP
ftr-305	425	52	withholding	withholding	NOUN
ftr-305	425	53	tax	tax	NOUN
ftr-305	425	54	as	as	ADP
ftr-305	425	55	a	a	DET
ftr-305	425	56	regular	regular	ADJ
ftr-305	425	57	dividend	dividend	NOUN
ftr-305	425	58	to	to	ADP
ftr-305	425	59	the	the	DET
ftr-305	425	60	extent	extent	NOUN
ftr-305	425	61	out	out	ADP
ftr-305	425	62	of	of	ADP
ftr-305	425	63	earnings	earning	NOUN
ftr-305	425	64	and	and	CCONJ
ftr-305	425	65	profits.90	profits.90	NOUN
ftr-305	425	66	a	a	DET
ftr-305	425	67	“	"	PUNCT
ftr-305	425	68	wash	wash	NOUN
ftr-305	425	69	sale	sale	NOUN
ftr-305	425	70	”	"	PUNCT
ftr-305	425	71	rule	rule	NOUN
ftr-305	425	72	targets	target	NOUN
ftr-305	425	73	sales	sale	NOUN
ftr-305	425	74	or	or	CCONJ
ftr-305	425	75	in	in	ADP
ftr-305	425	76	exchange	exchange	NOUN
ftr-305	425	77	for	for	ADP
ftr-305	425	78	foreign	foreign	ADJ
ftr-305	425	79	real	real	ADJ
ftr-305	425	80	property	property	NOUN
ftr-305	425	81	or	or	CCONJ
ftr-305	425	82	other	other	ADJ
ftr-305	425	83	assets	asset	NOUN
ftr-305	425	84	whose	whose	DET
ftr-305	425	85	disposition	disposition	NOUN
ftr-305	425	86	would	would	AUX
ftr-305	425	87	not	not	PART
ftr-305	425	88	be	be	AUX
ftr-305	425	89	effectively	effectively	ADV
ftr-305	425	90	connected	connect	VERB
ftr-305	425	91	with	with	ADP
ftr-305	425	92	a	a	DET
ftr-305	425	93	u.s	u.s	PROPN
ftr-305	425	94	.	.	PROPN
ftr-305	425	95	trade	trade	NOUN
ftr-305	425	96	or	or	CCONJ
ftr-305	425	97	business	business	NOUN
ftr-305	425	98	.	.	PUNCT
ftr-305	426	1	86	86	NUM
ftr-305	426	2	.	.	PUNCT
ftr-305	427	1	see	see	VERB
ftr-305	427	2	generally	generally	ADV
ftr-305	427	3	robert	robert	PROPN
ftr-305	427	4	j.	j.	PROPN
ftr-305	427	5	staffaroni	staffaroni	PROPN
ftr-305	427	6	,	,	PUNCT
ftr-305	427	7	foreign	foreign	ADJ
ftr-305	427	8	investors	investor	NOUN
ftr-305	427	9	in	in	ADP
ftr-305	427	10	rics	ric	NOUN
ftr-305	427	11	and	and	CCONJ
ftr-305	427	12	reits	reit	NOUN
ftr-305	427	13	,	,	PUNCT
ftr-305	427	14	56	56	NUM
ftr-305	427	15	tax	tax	NOUN
ftr-305	427	16	law	law	NOUN
ftr-305	427	17	.	.	PUNCT
ftr-305	428	1	511	511	NUM
ftr-305	428	2	(	(	PUNCT
ftr-305	428	3	2003	2003	NUM
ftr-305	428	4	)	)	PUNCT
ftr-305	429	1	[	[	X
ftr-305	429	2	hereinafter	hereinafter	NOUN
ftr-305	429	3	staffaroni	staffaroni	NOUN
ftr-305	429	4	,	,	PUNCT
ftr-305	429	5	foreign	foreign	ADJ
ftr-305	429	6	investors	investor	NOUN
ftr-305	429	7	]	]	PUNCT
ftr-305	429	8	.	.	PUNCT
ftr-305	430	1	87	87	NUM
ftr-305	430	2	.	.	PUNCT
ftr-305	431	1	capital	capital	NOUN
ftr-305	431	2	gain	gain	NOUN
ftr-305	431	3	of	of	ADP
ftr-305	431	4	the	the	DET
ftr-305	431	5	reit	reit	NOUN
ftr-305	431	6	,	,	PUNCT
ftr-305	431	7	whether	whether	SCONJ
ftr-305	431	8	or	or	CCONJ
ftr-305	431	9	not	not	PART
ftr-305	431	10	distributed	distribute	VERB
ftr-305	431	11	as	as	ADP
ftr-305	431	12	a	a	DET
ftr-305	431	13	dividend	dividend	NOUN
ftr-305	431	14	,	,	PUNCT
ftr-305	431	15	is	be	AUX
ftr-305	431	16	taxed	tax	VERB
ftr-305	431	17	to	to	ADP
ftr-305	431	18	a	a	DET
ftr-305	431	19	shareholder	shareholder	NOUN
ftr-305	431	20	as	as	SCONJ
ftr-305	431	21	though	though	SCONJ
ftr-305	431	22	realized	realize	VERB
ftr-305	431	23	by	by	ADP
ftr-305	431	24	the	the	DET
ftr-305	431	25	shareholder	shareholder	NOUN
ftr-305	431	26	.	.	PUNCT
ftr-305	432	1	if	if	SCONJ
ftr-305	432	2	distributed	distribute	VERB
ftr-305	432	3	,	,	PUNCT
ftr-305	432	4	the	the	DET
ftr-305	432	5	tax	tax	NOUN
ftr-305	432	6	is	be	AUX
ftr-305	432	7	on	on	ADP
ftr-305	432	8	the	the	DET
ftr-305	432	9	shareholder	shareholder	NOUN
ftr-305	432	10	(	(	PUNCT
ftr-305	432	11	under	under	ADP
ftr-305	432	12	section	section	NOUN
ftr-305	432	13	857(b)(3)(b	857(b)(3)(b	PROPN
ftr-305	432	14	)	)	PUNCT
ftr-305	432	15	,	,	PUNCT
ftr-305	432	16	which	which	PRON
ftr-305	432	17	provides	provide	VERB
ftr-305	432	18	that	that	SCONJ
ftr-305	432	19	“	"	PUNCT
ftr-305	432	20	[	[	X
ftr-305	432	21	a	a	X
ftr-305	432	22	]	]	X
ftr-305	432	23	capital	capital	NOUN
ftr-305	432	24	gain	gain	NOUN
ftr-305	432	25	dividend	dividend	NOUN
ftr-305	432	26	shall	shall	AUX
ftr-305	432	27	be	be	AUX
ftr-305	432	28	treated	treat	VERB
ftr-305	432	29	by	by	ADP
ftr-305	432	30	the	the	DET
ftr-305	432	31	shareholders	shareholder	NOUN
ftr-305	432	32	.	.	PUNCT
ftr-305	432	33	.	.	PUNCT
ftr-305	433	1	.	.	PUNCT
ftr-305	434	1	as	as	ADP
ftr-305	434	2	a	a	DET
ftr-305	434	3	gain	gain	NOUN
ftr-305	434	4	from	from	ADP
ftr-305	434	5	the	the	DET
ftr-305	434	6	sale	sale	NOUN
ftr-305	434	7	or	or	CCONJ
ftr-305	434	8	exchange	exchange	NOUN
ftr-305	434	9	of	of	ADP
ftr-305	434	10	a	a	DET
ftr-305	434	11	capital	capital	NOUN
ftr-305	434	12	asset	asset	NOUN
ftr-305	434	13	held	hold	VERB
ftr-305	434	14	for	for	ADP
ftr-305	434	15	more	more	ADJ
ftr-305	434	16	than	than	ADP
ftr-305	434	17	1	1	NUM
ftr-305	434	18	year	year	NOUN
ftr-305	434	19	”	"	PUNCT
ftr-305	434	20	)	)	PUNCT
ftr-305	434	21	;	;	PUNCT
ftr-305	434	22	and	and	CCONJ
ftr-305	434	23	,	,	PUNCT
ftr-305	434	24	if	if	SCONJ
ftr-305	434	25	retained	retain	VERB
ftr-305	434	26	,	,	PUNCT
ftr-305	434	27	the	the	DET
ftr-305	434	28	tax	tax	NOUN
ftr-305	434	29	is	be	AUX
ftr-305	434	30	paid	pay	VERB
ftr-305	434	31	by	by	ADP
ftr-305	434	32	the	the	DET
ftr-305	434	33	reit	reit	PROPN
ftr-305	434	34	(	(	PUNCT
ftr-305	434	35	under	under	ADP
ftr-305	434	36	section	section	NOUN
ftr-305	434	37	857(b)(3)(d	857(b)(3)(d	PROPN
ftr-305	434	38	)	)	PUNCT
ftr-305	434	39	)	)	PUNCT
ftr-305	434	40	,	,	PUNCT
ftr-305	434	41	but	but	CCONJ
ftr-305	434	42	the	the	DET
ftr-305	434	43	shareholders	shareholder	NOUN
ftr-305	434	44	are	be	AUX
ftr-305	434	45	entitled	entitle	VERB
ftr-305	434	46	to	to	ADP
ftr-305	434	47	refundable	refundable	ADJ
ftr-305	434	48	credits	credit	NOUN
ftr-305	434	49	for	for	ADP
ftr-305	434	50	the	the	DET
ftr-305	434	51	tax	tax	NOUN
ftr-305	434	52	and	and	CCONJ
ftr-305	434	53	an	an	DET
ftr-305	434	54	adjustment	adjustment	NOUN
ftr-305	434	55	to	to	ADP
ftr-305	434	56	the	the	DET
ftr-305	434	57	basis	basis	NOUN
ftr-305	434	58	for	for	ADP
ftr-305	434	59	their	their	PRON
ftr-305	434	60	shares	share	NOUN
ftr-305	434	61	in	in	ADP
ftr-305	434	62	the	the	DET
ftr-305	434	63	reit	reit	NOUN
ftr-305	434	64	for	for	ADP
ftr-305	434	65	the	the	DET
ftr-305	434	66	after	after	ADP
ftr-305	434	67	-	-	PUNCT
ftr-305	434	68	tax	tax	NOUN
ftr-305	434	69	gain	gain	NOUN
ftr-305	434	70	recognized	recognize	VERB
ftr-305	434	71	by	by	ADP
ftr-305	434	72	the	the	DET
ftr-305	434	73	reit	reit	NOUN
ftr-305	434	74	.	.	PUNCT
ftr-305	435	1	88	88	NUM
ftr-305	435	2	.	.	PUNCT
ftr-305	435	3	reits	reit	NOUN
ftr-305	435	4	may	may	AUX
ftr-305	435	5	have	have	VERB
ftr-305	435	6	taxable	taxable	ADJ
ftr-305	435	7	reit	reit	NOUN
ftr-305	435	8	subsidiaries	subsidiary	NOUN
ftr-305	435	9	(	(	PUNCT
ftr-305	435	10	which	which	PRON
ftr-305	435	11	,	,	PUNCT
ftr-305	435	12	as	as	SCONJ
ftr-305	435	13	the	the	DET
ftr-305	435	14	name	name	NOUN
ftr-305	435	15	implies	imply	VERB
ftr-305	435	16	,	,	PUNCT
ftr-305	435	17	are	be	AUX
ftr-305	435	18	taxed	tax	VERB
ftr-305	435	19	on	on	ADP
ftr-305	435	20	their	their	PRON
ftr-305	435	21	income	income	NOUN
ftr-305	435	22	)	)	PUNCT
ftr-305	435	23	,	,	PUNCT
ftr-305	435	24	and	and	CCONJ
ftr-305	435	25	there	there	PRON
ftr-305	435	26	are	be	VERB
ftr-305	435	27	also	also	ADV
ftr-305	435	28	a	a	DET
ftr-305	435	29	series	series	NOUN
ftr-305	435	30	of	of	ADP
ftr-305	435	31	taxes	taxis	NOUN
ftr-305	435	32	that	that	PRON
ftr-305	435	33	may	may	AUX
ftr-305	435	34	be	be	AUX
ftr-305	435	35	imposed	impose	VERB
ftr-305	435	36	on	on	ADP
ftr-305	435	37	specific	specific	ADJ
ftr-305	435	38	transactions	transaction	NOUN
ftr-305	435	39	or	or	CCONJ
ftr-305	435	40	items	item	NOUN
ftr-305	435	41	of	of	ADP
ftr-305	435	42	income	income	NOUN
ftr-305	435	43	(	(	PUNCT
ftr-305	435	44	e.g.	e.g.	ADV
ftr-305	435	45	,	,	PUNCT
ftr-305	435	46	on	on	ADP
ftr-305	435	47	income	income	NOUN
ftr-305	435	48	from	from	ADP
ftr-305	435	49	foreclosure	foreclosure	NOUN
ftr-305	435	50	property	property	NOUN
ftr-305	435	51	)	)	PUNCT
ftr-305	435	52	.	.	PUNCT
ftr-305	436	1	while	while	SCONJ
ftr-305	436	2	a	a	DET
ftr-305	436	3	reit	reit	NOUN
ftr-305	436	4	need	need	AUX
ftr-305	436	5	not	not	PART
ftr-305	436	6	distribute	distribute	VERB
ftr-305	436	7	capital	capital	NOUN
ftr-305	436	8	gain	gain	NOUN
ftr-305	436	9	and	and	CCONJ
ftr-305	436	10	may	may	AUX
ftr-305	436	11	also	also	ADV
ftr-305	436	12	retain	retain	VERB
ftr-305	436	13	10	10	NUM
ftr-305	436	14	percent	percent	NOUN
ftr-305	436	15	of	of	ADP
ftr-305	436	16	its	its	PRON
ftr-305	436	17	real	real	ADJ
ftr-305	436	18	estate	estate	NOUN
ftr-305	436	19	investment	investment	NOUN
ftr-305	436	20	company	company	NOUN
ftr-305	436	21	taxable	taxable	ADJ
ftr-305	436	22	income	income	NOUN
ftr-305	436	23	,	,	PUNCT
ftr-305	436	24	in	in	SCONJ
ftr-305	436	25	practice	practice	NOUN
ftr-305	436	26	reits	reit	NOUN
ftr-305	436	27	distribute	distribute	VERB
ftr-305	436	28	all	all	DET
ftr-305	436	29	real	real	ADJ
ftr-305	436	30	estate	estate	NOUN
ftr-305	436	31	investment	investment	NOUN
ftr-305	436	32	company	company	NOUN
ftr-305	436	33	taxable	taxable	ADJ
ftr-305	436	34	income	income	NOUN
ftr-305	436	35	and	and	CCONJ
ftr-305	436	36	capital	capital	NOUN
ftr-305	436	37	gain	gain	NOUN
ftr-305	436	38	.	.	PUNCT
ftr-305	437	1	89	89	NUM
ftr-305	437	2	.	.	PUNCT
ftr-305	437	3	i.r.c	i.r.c	NOUN
ftr-305	437	4	.	.	PUNCT
ftr-305	438	1	§	§	PROPN
ftr-305	438	2	897(h)(1	897(h)(1	NUM
ftr-305	438	3	)	)	PUNCT
ftr-305	438	4	.	.	PUNCT
ftr-305	439	1	90	90	NUM
ftr-305	439	2	.	.	PUNCT
ftr-305	439	3	i.r.c	i.r.c	NOUN
ftr-305	439	4	.	.	PUNCT
ftr-305	440	1	§	§	PROPN
ftr-305	440	2	857(b)(3)(f	857(b)(3)(f	NUM
ftr-305	440	3	)	)	PUNCT
ftr-305	440	4	.	.	PUNCT
ftr-305	441	1	in	in	ADP
ftr-305	441	2	the	the	DET
ftr-305	441	3	case	case	NOUN
ftr-305	441	4	of	of	ADP
ftr-305	441	5	a	a	DET
ftr-305	441	6	ric	ric	PROPN
ftr-305	441	7	,	,	PUNCT
ftr-305	441	8	see	see	VERB
ftr-305	441	9	section	section	NOUN
ftr-305	441	10	852(b)(3)(d	852(b)(3)(d	NUM
ftr-305	441	11	)	)	PUNCT
ftr-305	441	12	.	.	PUNCT
ftr-305	442	1	section	section	NOUN
ftr-305	442	2	897(h	897(h	PROPN
ftr-305	442	3	)	)	PUNCT
ftr-305	442	4	provides	provide	VERB
ftr-305	442	5	that	that	SCONJ
ftr-305	442	6	a	a	DET
ftr-305	442	7	distribution	distribution	NOUN
ftr-305	442	8	of	of	ADP
ftr-305	442	9	an	an	DET
ftr-305	442	10	interest	interest	NOUN
ftr-305	442	11	in	in	ADP
ftr-305	442	12	usrp	usrp	NOUN
ftr-305	442	13	by	by	ADP
ftr-305	442	14	a	a	DET
ftr-305	442	15	domestically	domestically	ADV
ftr-305	442	16	–	–	PUNCT
ftr-305	442	17	controlled	control	VERB
ftr-305	442	18	reit	reit	NOUN
ftr-305	442	19	or	or	CCONJ
ftr-305	442	20	ric	ric	PROPN
ftr-305	442	21	to	to	ADP
ftr-305	442	22	its	its	PRON
ftr-305	442	23	shareholders	shareholder	NOUN
ftr-305	442	24	will	will	AUX
ftr-305	442	25	result	result	VERB
ftr-305	442	26	in	in	ADP
ftr-305	442	27	the	the	DET
ftr-305	442	28	recognition	recognition	NOUN
ftr-305	442	29	of	of	ADP
ftr-305	442	30	gain	gain	NOUN
ftr-305	442	31	to	to	ADP
ftr-305	442	32	2013	2013	NUM
ftr-305	442	33	]	]	PUNCT
ftr-305	442	34	suppose	suppose	VERB
ftr-305	442	35	firpta	firpta	NOUN
ftr-305	442	36	was	be	AUX
ftr-305	442	37	repealed	repeal	VERB
ftr-305	442	38	23	23	NUM
ftr-305	442	39	other	other	ADJ
ftr-305	442	40	dispositions	disposition	NOUN
ftr-305	442	41	of	of	ADP
ftr-305	442	42	reit	reit	NOUN
ftr-305	442	43	shares	share	NOUN
ftr-305	442	44	in	in	ADP
ftr-305	442	45	anticipation	anticipation	NOUN
ftr-305	442	46	of	of	ADP
ftr-305	442	47	distributions	distribution	NOUN
ftr-305	442	48	of	of	ADP
ftr-305	442	49	gain	gain	NOUN
ftr-305	442	50	from	from	ADP
ftr-305	442	51	the	the	DET
ftr-305	442	52	reit	reit	NOUN
ftr-305	442	53	’s	’s	PART
ftr-305	442	54	disposition	disposition	NOUN
ftr-305	442	55	of	of	ADP
ftr-305	442	56	an	an	DET
ftr-305	442	57	interest	interest	NOUN
ftr-305	442	58	in	in	ADP
ftr-305	442	59	usrp.91	usrp.91	PROPN
ftr-305	442	60	equity	equity	NOUN
ftr-305	442	61	(	(	PUNCT
ftr-305	442	62	as	as	SCONJ
ftr-305	442	63	opposed	oppose	VERB
ftr-305	442	64	to	to	ADP
ftr-305	442	65	mortgage	mortgage	NOUN
ftr-305	442	66	)	)	PUNCT
ftr-305	442	67	reits	reit	NOUN
ftr-305	442	68	would	would	AUX
ftr-305	442	69	ordinarily	ordinarily	ADV
ftr-305	442	70	be	be	AUX
ftr-305	442	71	usrphcs	usrphcs	ADJ
ftr-305	442	72	because	because	SCONJ
ftr-305	442	73	they	they	PRON
ftr-305	442	74	primarily	primarily	ADV
ftr-305	442	75	invest	invest	VERB
ftr-305	442	76	in	in	ADP
ftr-305	442	77	interests	interest	NOUN
ftr-305	442	78	in	in	ADP
ftr-305	442	79	usrp	usrp	NOUN
ftr-305	442	80	.	.	PUNCT
ftr-305	443	1	as	as	ADP
ftr-305	443	2	a	a	DET
ftr-305	443	3	consequence	consequence	NOUN
ftr-305	443	4	,	,	PUNCT
ftr-305	443	5	gain	gain	NOUN
ftr-305	443	6	from	from	ADP
ftr-305	443	7	a	a	DET
ftr-305	443	8	sale	sale	NOUN
ftr-305	443	9	by	by	ADP
ftr-305	443	10	a	a	DET
ftr-305	443	11	foreign	foreign	ADJ
ftr-305	443	12	shareholder	shareholder	NOUN
ftr-305	443	13	of	of	ADP
ftr-305	443	14	shares	share	NOUN
ftr-305	443	15	of	of	ADP
ftr-305	443	16	the	the	DET
ftr-305	443	17	reit	reit	NOUN
ftr-305	443	18	would	would	AUX
ftr-305	443	19	generally	generally	ADV
ftr-305	443	20	be	be	AUX
ftr-305	443	21	taxable	taxable	ADJ
ftr-305	443	22	under	under	ADP
ftr-305	443	23	firpta	firpta	NOUN
ftr-305	443	24	.	.	PUNCT
ftr-305	444	1	there	there	PRON
ftr-305	444	2	are	be	VERB
ftr-305	444	3	,	,	PUNCT
ftr-305	444	4	however	however	ADV
ftr-305	444	5	,	,	PUNCT
ftr-305	444	6	two	two	NUM
ftr-305	444	7	exceptions	exception	NOUN
ftr-305	444	8	to	to	ADP
ftr-305	444	9	this	this	DET
ftr-305	444	10	rule	rule	NOUN
ftr-305	444	11	.	.	PUNCT
ftr-305	445	1	first	first	ADV
ftr-305	445	2	,	,	PUNCT
ftr-305	445	3	shares	share	NOUN
ftr-305	445	4	of	of	ADP
ftr-305	445	5	a	a	DET
ftr-305	445	6	reit	reit	NOUN
ftr-305	445	7	that	that	PRON
ftr-305	445	8	is	be	AUX
ftr-305	445	9	a	a	DET
ftr-305	445	10	usrphc	usrphc	NOUN
ftr-305	445	11	may	may	AUX
ftr-305	445	12	be	be	AUX
ftr-305	445	13	covered	cover	VERB
ftr-305	445	14	by	by	ADP
ftr-305	445	15	the	the	DET
ftr-305	445	16	rule	rule	NOUN
ftr-305	445	17	that	that	PRON
ftr-305	445	18	applies	apply	VERB
ftr-305	445	19	to	to	ADP
ftr-305	445	20	any	any	DET
ftr-305	445	21	u.s	u.s	PROPN
ftr-305	445	22	.	.	PROPN
ftr-305	445	23	corporation	corporation	NOUN
ftr-305	445	24	(	(	PUNCT
ftr-305	445	25	and	and	CCONJ
ftr-305	445	26	also	also	ADV
ftr-305	445	27	,	,	PUNCT
ftr-305	445	28	under	under	ADP
ftr-305	445	29	regulations	regulation	NOUN
ftr-305	445	30	,	,	PUNCT
ftr-305	445	31	to	to	PART
ftr-305	445	32	publiclytraded	publiclytrade	VERB
ftr-305	445	33	partnerships	partnership	NOUN
ftr-305	445	34	and	and	CCONJ
ftr-305	445	35	fixed	fix	VERB
ftr-305	445	36	investment	investment	NOUN
ftr-305	445	37	trusts	trust	NOUN
ftr-305	445	38	)	)	PUNCT
ftr-305	445	39	and	and	CCONJ
ftr-305	445	40	excludes	exclude	NOUN
ftr-305	445	41	from	from	ADP
ftr-305	445	42	the	the	DET
ftr-305	445	43	definition	definition	NOUN
ftr-305	445	44	of	of	ADP
ftr-305	445	45	an	an	DET
ftr-305	445	46	interest	interest	NOUN
ftr-305	445	47	in	in	ADP
ftr-305	445	48	a	a	DET
ftr-305	445	49	usrphc	usrphc	ADJ
ftr-305	445	50	shares	share	NOUN
ftr-305	445	51	of	of	ADP
ftr-305	445	52	a	a	DET
ftr-305	445	53	class	class	NOUN
ftr-305	445	54	that	that	PRON
ftr-305	445	55	is	be	AUX
ftr-305	445	56	regularly	regularly	ADV
ftr-305	445	57	traded	trade	VERB
ftr-305	445	58	on	on	ADP
ftr-305	445	59	a	a	DET
ftr-305	445	60	securities	security	NOUN
ftr-305	445	61	market	market	NOUN
ftr-305	445	62	if	if	SCONJ
ftr-305	445	63	the	the	DET
ftr-305	445	64	holder	holder	NOUN
ftr-305	445	65	owns	own	VERB
ftr-305	445	66	,	,	PUNCT
ftr-305	445	67	and	and	CCONJ
ftr-305	445	68	in	in	ADP
ftr-305	445	69	the	the	DET
ftr-305	445	70	last	last	ADJ
ftr-305	445	71	five	five	NUM
ftr-305	445	72	years	year	NOUN
ftr-305	445	73	has	have	AUX
ftr-305	445	74	owned	own	VERB
ftr-305	445	75	,	,	PUNCT
ftr-305	445	76	no	no	DET
ftr-305	445	77	more	more	ADJ
ftr-305	445	78	than	than	ADP
ftr-305	445	79	5	5	NUM
ftr-305	445	80	percent	percent	NOUN
ftr-305	445	81	of	of	ADP
ftr-305	445	82	the	the	DET
ftr-305	445	83	class	class	NOUN
ftr-305	445	84	,	,	PUNCT
ftr-305	445	85	directly	directly	ADV
ftr-305	445	86	or	or	CCONJ
ftr-305	445	87	constructively.92	constructively.92	PROPN
ftr-305	445	88	second	second	ADJ
ftr-305	445	89	,	,	PUNCT
ftr-305	445	90	the	the	DET
ftr-305	445	91	statute	statute	NOUN
ftr-305	445	92	also	also	ADV
ftr-305	445	93	provides	provide	VERB
ftr-305	445	94	a	a	DET
ftr-305	445	95	separate	separate	ADJ
ftr-305	445	96	exception	exception	NOUN
ftr-305	445	97	for	for	ADP
ftr-305	445	98	dispositions	disposition	NOUN
ftr-305	445	99	of	of	ADP
ftr-305	445	100	shares	share	NOUN
ftr-305	445	101	of	of	ADP
ftr-305	445	102	a	a	DET
ftr-305	445	103	domestically	domestically	ADV
ftr-305	445	104	-	-	PUNCT
ftr-305	445	105	controlled	control	VERB
ftr-305	445	106	reit	reit	NOUN
ftr-305	445	107	,	,	PUNCT
ftr-305	445	108	defined	define	VERB
ftr-305	445	109	for	for	ADP
ftr-305	445	110	this	this	DET
ftr-305	445	111	purpose	purpose	NOUN
ftr-305	445	112	as	as	ADP
ftr-305	445	113	a	a	DET
ftr-305	445	114	reit	reit	NOUN
ftr-305	445	115	that	that	PRON
ftr-305	445	116	was	be	AUX
ftr-305	445	117	for	for	ADP
ftr-305	445	118	the	the	DET
ftr-305	445	119	five	five	NUM
ftr-305	445	120	years	year	NOUN
ftr-305	445	121	preceding	precede	VERB
ftr-305	445	122	the	the	DET
ftr-305	445	123	sale	sale	NOUN
ftr-305	445	124	owned	own	VERB
ftr-305	445	125	to	to	ADP
ftr-305	445	126	the	the	DET
ftr-305	445	127	extent	extent	NOUN
ftr-305	445	128	of	of	ADP
ftr-305	445	129	more	more	ADJ
ftr-305	445	130	than	than	ADP
ftr-305	445	131	50	50	NUM
ftr-305	445	132	percent	percent	NOUN
ftr-305	445	133	in	in	ADP
ftr-305	445	134	value	value	NOUN
ftr-305	445	135	by	by	ADP
ftr-305	445	136	u.s	u.s	PROPN
ftr-305	445	137	.	.	PROPN
ftr-305	445	138	persons	person	NOUN
ftr-305	445	139	.	.	PUNCT
ftr-305	446	1	the	the	DET
ftr-305	446	2	domesticallycontrolled	domesticallycontrolle	VERB
ftr-305	446	3	exception	exception	NOUN
ftr-305	446	4	is	be	AUX
ftr-305	446	5	available	available	ADJ
ftr-305	446	6	only	only	ADV
ftr-305	446	7	to	to	ADP
ftr-305	446	8	reits	reit	NOUN
ftr-305	446	9	and	and	CCONJ
ftr-305	446	10	rics	ric	NOUN
ftr-305	446	11	that	that	PRON
ftr-305	446	12	are	be	AUX
ftr-305	446	13	usrphcs	usrphcs	ADJ
ftr-305	446	14	.	.	PUNCT
ftr-305	447	1	no	no	DET
ftr-305	447	2	constructive	constructive	ADJ
ftr-305	447	3	ownership	ownership	NOUN
ftr-305	447	4	rules	rule	NOUN
ftr-305	447	5	apply	apply	VERB
ftr-305	447	6	for	for	ADP
ftr-305	447	7	this	this	DET
ftr-305	447	8	purpose	purpose	NOUN
ftr-305	447	9	,	,	PUNCT
ftr-305	447	10	which	which	PRON
ftr-305	447	11	is	be	AUX
ftr-305	447	12	odd	odd	ADJ
ftr-305	447	13	,	,	PUNCT
ftr-305	447	14	given	give	VERB
ftr-305	447	15	that	that	SCONJ
ftr-305	447	16	they	they	PRON
ftr-305	447	17	do	do	AUX
ftr-305	447	18	for	for	ADP
ftr-305	447	19	purposes	purpose	NOUN
ftr-305	447	20	of	of	ADP
ftr-305	447	21	the	the	DET
ftr-305	447	22	exception	exception	NOUN
ftr-305	447	23	for	for	ADP
ftr-305	447	24	a	a	DET
ftr-305	447	25	5	5	NUM
ftr-305	447	26	percent	percent	NOUN
ftr-305	447	27	or	or	CCONJ
ftr-305	447	28	smaller	small	ADJ
ftr-305	447	29	holder	holder	NOUN
ftr-305	447	30	of	of	ADP
ftr-305	447	31	shares	share	NOUN
ftr-305	447	32	of	of	ADP
ftr-305	447	33	a	a	DET
ftr-305	447	34	class	class	NOUN
ftr-305	447	35	that	that	PRON
ftr-305	447	36	is	be	AUX
ftr-305	447	37	publicly	publicly	ADV
ftr-305	447	38	traded	trade	VERB
ftr-305	447	39	;	;	PUNCT
ftr-305	447	40	and	and	CCONJ
ftr-305	447	41	so	so	ADV
ftr-305	447	42	the	the	DET
ftr-305	447	43	more	more	ADJ
ftr-305	447	44	than	than	ADP
ftr-305	447	45	50	50	NUM
ftr-305	447	46	percent	percent	NOUN
ftr-305	447	47	owned	own	VERB
ftr-305	447	48	by	by	ADP
ftr-305	447	49	u.s	u.s	PROPN
ftr-305	447	50	.	.	PROPN
ftr-305	447	51	persons	person	NOUN
ftr-305	447	52	might	might	AUX
ftr-305	447	53	,	,	PUNCT
ftr-305	447	54	for	for	ADP
ftr-305	447	55	example	example	NOUN
ftr-305	447	56	,	,	PUNCT
ftr-305	447	57	be	be	AUX
ftr-305	447	58	owned	own	VERB
ftr-305	447	59	by	by	ADP
ftr-305	447	60	a	a	DET
ftr-305	447	61	subsidiary	subsidiary	NOUN
ftr-305	447	62	of	of	ADP
ftr-305	447	63	the	the	DET
ftr-305	447	64	foreign	foreign	ADJ
ftr-305	447	65	corporation	corporation	NOUN
ftr-305	447	66	that	that	PRON
ftr-305	447	67	directly	directly	ADV
ftr-305	447	68	owned	own	VERB
ftr-305	447	69	the	the	DET
ftr-305	447	70	less	less	ADJ
ftr-305	447	71	than	than	ADP
ftr-305	447	72	50	50	NUM
ftr-305	447	73	percent	percent	NOUN
ftr-305	447	74	interest.93	interest.93	NOUN
ftr-305	447	75	while	while	SCONJ
ftr-305	447	76	the	the	DET
ftr-305	447	77	statute	statute	NOUN
ftr-305	447	78	says	say	VERB
ftr-305	447	79	that	that	SCONJ
ftr-305	447	80	the	the	DET
ftr-305	447	81	domestically	domestically	ADV
ftr-305	447	82	-	-	PUNCT
ftr-305	447	83	controlled	control	VERB
ftr-305	447	84	test	test	NOUN
ftr-305	447	85	is	be	AUX
ftr-305	447	86	whether	whether	SCONJ
ftr-305	447	87	foreign	foreign	ADJ
ftr-305	447	88	persons	person	NOUN
ftr-305	447	89	“	"	PUNCT
ftr-305	447	90	held	hold	VERB
ftr-305	447	91	(	(	PUNCT
ftr-305	447	92	directly	directly	ADV
ftr-305	447	93	or	or	CCONJ
ftr-305	447	94	indirectly	indirectly	ADV
ftr-305	447	95	)	)	PUNCT
ftr-305	447	96	”	"	PUNCT
ftr-305	447	97	50	50	NUM
ftr-305	447	98	percent	percent	NOUN
ftr-305	447	99	or	or	CCONJ
ftr-305	447	100	more	more	ADJ
ftr-305	447	101	during	during	ADP
ftr-305	447	102	the	the	DET
ftr-305	447	103	fiveyear	fiveyear	NOUN
ftr-305	447	104	period	period	NOUN
ftr-305	447	105	,	,	PUNCT
ftr-305	447	106	it	it	PRON
ftr-305	447	107	looks	look	VERB
ftr-305	447	108	only	only	ADV
ftr-305	447	109	at	at	ADP
ftr-305	447	110	the	the	DET
ftr-305	447	111	actual	actual	ADJ
ftr-305	447	112	owner	owner	NOUN
ftr-305	447	113	,	,	PUNCT
ftr-305	447	114	and	and	CCONJ
ftr-305	447	115	under	under	ADP
ftr-305	447	116	the	the	DET
ftr-305	447	117	regulations	regulation	NOUN
ftr-305	447	118	this	this	PRON
ftr-305	447	119	the	the	DET
ftr-305	447	120	extent	extent	NOUN
ftr-305	447	121	of	of	ADP
ftr-305	447	122	the	the	DET
ftr-305	447	123	“	"	PUNCT
ftr-305	447	124	foreign	foreign	ADJ
ftr-305	447	125	ownership	ownership	NOUN
ftr-305	447	126	percentage	percentage	NOUN
ftr-305	447	127	”	"	PUNCT
ftr-305	447	128	of	of	ADP
ftr-305	447	129	the	the	DET
ftr-305	447	130	reit	reit	NOUN
ftr-305	447	131	or	or	CCONJ
ftr-305	447	132	ric	ric	PROPN
ftr-305	447	133	.	.	PUNCT
ftr-305	448	1	it	it	PRON
ftr-305	448	2	is	be	AUX
ftr-305	448	3	not	not	PART
ftr-305	448	4	clear	clear	ADJ
ftr-305	448	5	what	what	PRON
ftr-305	448	6	this	this	DET
ftr-305	448	7	provision	provision	NOUN
ftr-305	448	8	accomplishes	accomplish	VERB
ftr-305	448	9	,	,	PUNCT
ftr-305	448	10	given	give	VERB
ftr-305	448	11	the	the	DET
ftr-305	448	12	subsequent	subsequent	ADJ
ftr-305	448	13	enactment	enactment	NOUN
ftr-305	448	14	of	of	ADP
ftr-305	448	15	section	section	NOUN
ftr-305	448	16	3l1(b	3l1(b	NUM
ftr-305	448	17	)	)	PUNCT
ftr-305	448	18	.	.	PUNCT
ftr-305	449	1	91	91	NUM
ftr-305	449	2	.	.	PUNCT
ftr-305	450	1	under	under	ADP
ftr-305	450	2	the	the	DET
ftr-305	450	3	wash	wash	NOUN
ftr-305	450	4	sale	sale	NOUN
ftr-305	450	5	rule	rule	NOUN
ftr-305	450	6	in	in	ADP
ftr-305	450	7	section	section	NOUN
ftr-305	450	8	897(h)(5	897(h)(5	NUM
ftr-305	450	9	)	)	PUNCT
ftr-305	450	10	,	,	PUNCT
ftr-305	450	11	gain	gain	NOUN
ftr-305	450	12	from	from	ADP
ftr-305	450	13	the	the	DET
ftr-305	450	14	sale	sale	NOUN
ftr-305	450	15	of	of	ADP
ftr-305	450	16	shares	share	NOUN
ftr-305	450	17	of	of	ADP
ftr-305	450	18	a	a	DET
ftr-305	450	19	reit	reit	NOUN
ftr-305	450	20	or	or	CCONJ
ftr-305	450	21	ric	ric	VERB
ftr-305	450	22	during	during	ADP
ftr-305	450	23	the	the	DET
ftr-305	450	24	thirty	thirty	NUM
ftr-305	450	25	-	-	PUNCT
ftr-305	450	26	day	day	NOUN
ftr-305	450	27	period	period	NOUN
ftr-305	450	28	preceding	precede	VERB
ftr-305	450	29	the	the	DET
ftr-305	450	30	ex	ex	ADJ
ftr-305	450	31	-	-	ADJ
ftr-305	450	32	dividend	dividend	ADJ
ftr-305	450	33	date	date	NOUN
ftr-305	450	34	for	for	ADP
ftr-305	450	35	a	a	DET
ftr-305	450	36	distribution	distribution	NOUN
ftr-305	450	37	that	that	PRON
ftr-305	450	38	would	would	AUX
ftr-305	450	39	in	in	ADP
ftr-305	450	40	whole	whole	ADJ
ftr-305	450	41	or	or	CCONJ
ftr-305	450	42	in	in	ADP
ftr-305	450	43	part	part	NOUN
ftr-305	450	44	be	be	AUX
ftr-305	450	45	treated	treat	VERB
ftr-305	450	46	as	as	ADP
ftr-305	450	47	a	a	DET
ftr-305	450	48	sale	sale	NOUN
ftr-305	450	49	or	or	CCONJ
ftr-305	450	50	exchange	exchange	NOUN
ftr-305	450	51	of	of	ADP
ftr-305	450	52	an	an	DET
ftr-305	450	53	interest	interest	NOUN
ftr-305	450	54	in	in	ADP
ftr-305	450	55	usrp	usrp	NOUN
ftr-305	450	56	by	by	ADP
ftr-305	450	57	the	the	DET
ftr-305	450	58	shareholder	shareholder	NOUN
ftr-305	450	59	is	be	AUX
ftr-305	450	60	treated	treat	VERB
ftr-305	450	61	as	as	ADP
ftr-305	450	62	gain	gain	NOUN
ftr-305	450	63	from	from	ADP
ftr-305	450	64	the	the	DET
ftr-305	450	65	sale	sale	NOUN
ftr-305	450	66	of	of	ADP
ftr-305	450	67	a	a	DET
ftr-305	450	68	usrpi	usrpi	NOUN
ftr-305	450	69	to	to	ADP
ftr-305	450	70	the	the	DET
ftr-305	450	71	extent	extent	NOUN
ftr-305	450	72	of	of	ADP
ftr-305	450	73	the	the	DET
ftr-305	450	74	amount	amount	NOUN
ftr-305	450	75	of	of	ADP
ftr-305	450	76	the	the	DET
ftr-305	450	77	distribution	distribution	NOUN
ftr-305	450	78	that	that	PRON
ftr-305	450	79	would	would	AUX
ftr-305	450	80	be	be	AUX
ftr-305	450	81	so	so	ADV
ftr-305	450	82	treated	treat	VERB
ftr-305	450	83	if	if	SCONJ
ftr-305	450	84	the	the	DET
ftr-305	450	85	shareholder	shareholder	NOUN
ftr-305	450	86	acquires	acquire	VERB
ftr-305	450	87	or	or	CCONJ
ftr-305	450	88	enters	enter	VERB
ftr-305	450	89	into	into	ADP
ftr-305	450	90	a	a	DET
ftr-305	450	91	contract	contract	NOUN
ftr-305	450	92	or	or	CCONJ
ftr-305	450	93	option	option	NOUN
ftr-305	450	94	to	to	PART
ftr-305	450	95	acquire	acquire	VERB
ftr-305	450	96	a	a	DET
ftr-305	450	97	substantially	substantially	ADV
ftr-305	450	98	identical	identical	ADJ
ftr-305	450	99	interest	interest	NOUN
ftr-305	450	100	in	in	ADP
ftr-305	450	101	the	the	DET
ftr-305	450	102	entity	entity	NOUN
ftr-305	450	103	during	during	ADP
ftr-305	450	104	the	the	DET
ftr-305	450	105	sixty	sixty	NUM
ftr-305	450	106	-	-	PUNCT
ftr-305	450	107	one	one	NUM
ftr-305	450	108	-	-	PUNCT
ftr-305	450	109	day	day	NOUN
ftr-305	450	110	period	period	NOUN
ftr-305	450	111	beginning	begin	VERB
ftr-305	450	112	on	on	ADP
ftr-305	450	113	the	the	DET
ftr-305	450	114	first	first	ADJ
ftr-305	450	115	day	day	NOUN
ftr-305	450	116	of	of	ADP
ftr-305	450	117	the	the	DET
ftr-305	450	118	thirty	thirty	NUM
ftr-305	450	119	-	-	PUNCT
ftr-305	450	120	day	day	NOUN
ftr-305	450	121	period	period	NOUN
ftr-305	450	122	.	.	PUNCT
ftr-305	451	1	similar	similar	ADJ
ftr-305	451	2	rules	rule	NOUN
ftr-305	451	3	apply	apply	VERB
ftr-305	451	4	to	to	ADP
ftr-305	451	5	substitute	substitute	NOUN
ftr-305	451	6	dividend	dividend	NOUN
ftr-305	451	7	or	or	CCONJ
ftr-305	451	8	similar	similar	ADJ
ftr-305	451	9	payments	payment	NOUN
ftr-305	451	10	.	.	PUNCT
ftr-305	452	1	92	92	NUM
ftr-305	452	2	.	.	PUNCT
ftr-305	452	3	i.r.c	i.r.c	NOUN
ftr-305	452	4	.	.	PUNCT
ftr-305	453	1	§	§	PROPN
ftr-305	453	2	897(c)(3	897(c)(3	NOUN
ftr-305	453	3	)	)	PUNCT
ftr-305	453	4	.	.	PUNCT
ftr-305	454	1	see	see	VERB
ftr-305	454	2	blanchard	blanchard	NOUN
ftr-305	454	3	,	,	PUNCT
ftr-305	454	4	installment	installment	NOUN
ftr-305	454	5	two	two	NUM
ftr-305	454	6	,	,	PUNCT
ftr-305	454	7	supra	supra	NOUN
ftr-305	454	8	note	note	NOUN
ftr-305	454	9	49	49	NUM
ftr-305	454	10	.	.	PUNCT
ftr-305	455	1	93	93	NUM
ftr-305	455	2	.	.	PUNCT
ftr-305	456	1	see	see	VERB
ftr-305	456	2	plr	plr	NOUN
ftr-305	456	3	200923001	200923001	NUM
ftr-305	456	4	(	(	PUNCT
ftr-305	456	5	feb	feb	PROPN
ftr-305	456	6	.	.	PROPN
ftr-305	456	7	26	26	NUM
ftr-305	456	8	,	,	PUNCT
ftr-305	456	9	2009	2009	NUM
ftr-305	456	10	)	)	PUNCT
ftr-305	456	11	.	.	PUNCT
ftr-305	457	1	see	see	VERB
ftr-305	457	2	also	also	ADV
ftr-305	457	3	seth	seth	PROPN
ftr-305	457	4	j.	j.	PROPN
ftr-305	457	5	entin	entin	PROPN
ftr-305	457	6	,	,	PUNCT
ftr-305	457	7	irs	irs	PROPN
ftr-305	457	8	provides	provide	VERB
ftr-305	457	9	important	important	ADJ
ftr-305	457	10	guidance	guidance	NOUN
ftr-305	457	11	for	for	ADP
ftr-305	457	12	inbound	inbound	ADJ
ftr-305	457	13	investments	investment	NOUN
ftr-305	457	14	in	in	ADP
ftr-305	457	15	reits	reit	NOUN
ftr-305	457	16	,	,	PUNCT
ftr-305	457	17	129	129	NUM
ftr-305	457	18	tax	tax	NOUN
ftr-305	457	19	notes	note	NOUN
ftr-305	457	20	215–22	215–22	PROPN
ftr-305	457	21	(	(	PUNCT
ftr-305	457	22	oct	oct	PROPN
ftr-305	457	23	.	.	PROPN
ftr-305	457	24	11	11	NUM
ftr-305	457	25	,	,	PUNCT
ftr-305	457	26	2010	2010	NUM
ftr-305	457	27	)	)	PUNCT
ftr-305	457	28	.	.	PUNCT
ftr-305	458	1	24	24	NUM
ftr-305	458	2	florida	florida	PROPN
ftr-305	458	3	tax	tax	NOUN
ftr-305	458	4	review	review	NOUN
ftr-305	458	5	[	[	X
ftr-305	458	6	vol	vol	NOUN
ftr-305	458	7	.	.	PUNCT
ftr-305	459	1	14:1	14:1	NUM
ftr-305	459	2	is	be	AUX
ftr-305	459	3	the	the	DET
ftr-305	459	4	person	person	NOUN
ftr-305	459	5	who	who	PRON
ftr-305	459	6	is	be	AUX
ftr-305	459	7	required	require	VERB
ftr-305	459	8	to	to	PART
ftr-305	459	9	include	include	VERB
ftr-305	459	10	dividends	dividend	NOUN
ftr-305	459	11	on	on	ADP
ftr-305	459	12	the	the	DET
ftr-305	459	13	shares	share	NOUN
ftr-305	459	14	in	in	ADP
ftr-305	459	15	gross	gross	ADJ
ftr-305	459	16	income.94	income.94	NOUN
ftr-305	459	17	the	the	DET
ftr-305	459	18	exception	exception	NOUN
ftr-305	459	19	for	for	ADP
ftr-305	459	20	domestically	domestically	ADV
ftr-305	459	21	-	-	PUNCT
ftr-305	459	22	controlled	control	VERB
ftr-305	459	23	reits	reit	NOUN
ftr-305	459	24	allows	allow	VERB
ftr-305	459	25	a	a	DET
ftr-305	459	26	foreign	foreign	ADJ
ftr-305	459	27	investor	investor	NOUN
ftr-305	459	28	to	to	PART
ftr-305	459	29	structure	structure	VERB
ftr-305	459	30	investments	investment	NOUN
ftr-305	459	31	in	in	ADP
ftr-305	459	32	u.s	u.s	PROPN
ftr-305	459	33	.	.	PROPN
ftr-305	459	34	real	real	ADJ
ftr-305	459	35	estate	estate	NOUN
ftr-305	459	36	that	that	SCONJ
ftr-305	459	37	in	in	ADP
ftr-305	459	38	effect	effect	NOUN
ftr-305	459	39	permit	permit	VERB
ftr-305	459	40	it	it	PRON
ftr-305	459	41	to	to	PART
ftr-305	459	42	elect	elect	VERB
ftr-305	459	43	out	out	ADP
ftr-305	459	44	of	of	ADP
ftr-305	459	45	almost	almost	ADV
ftr-305	459	46	half	half	NOUN
ftr-305	459	47	of	of	ADP
ftr-305	459	48	the	the	DET
ftr-305	459	49	firpta	firpta	NOUN
ftr-305	459	50	tax	tax	NOUN
ftr-305	459	51	that	that	PRON
ftr-305	459	52	would	would	AUX
ftr-305	459	53	otherwise	otherwise	ADV
ftr-305	459	54	be	be	AUX
ftr-305	459	55	due	due	ADJ
ftr-305	459	56	on	on	ADP
ftr-305	459	57	a	a	DET
ftr-305	459	58	sale	sale	NOUN
ftr-305	459	59	of	of	ADP
ftr-305	459	60	its	its	PRON
ftr-305	459	61	entire	entire	ADJ
ftr-305	459	62	interest	interest	NOUN
ftr-305	459	63	.	.	PUNCT
ftr-305	460	1	changes	change	NOUN
ftr-305	460	2	in	in	ADP
ftr-305	460	3	the	the	DET
ftr-305	460	4	regulations	regulation	NOUN
ftr-305	460	5	that	that	PRON
ftr-305	460	6	define	define	VERB
ftr-305	460	7	what	what	PRON
ftr-305	460	8	is	be	AUX
ftr-305	460	9	“	"	PUNCT
ftr-305	460	10	portfolio	portfolio	NOUN
ftr-305	460	11	interest	interest	NOUN
ftr-305	460	12	”	"	PUNCT
ftr-305	460	13	in	in	ADP
ftr-305	460	14	the	the	DET
ftr-305	460	15	case	case	NOUN
ftr-305	460	16	of	of	ADP
ftr-305	460	17	a	a	DET
ftr-305	460	18	partnership	partnership	NOUN
ftr-305	460	19	,	,	PUNCT
ftr-305	460	20	and	and	CCONJ
ftr-305	460	21	therefore	therefore	ADV
ftr-305	460	22	exempt	exempt	ADJ
ftr-305	460	23	from	from	ADP
ftr-305	460	24	withholding	withholding	NOUN
ftr-305	460	25	tax	tax	NOUN
ftr-305	460	26	,	,	PUNCT
ftr-305	460	27	exacerbate	exacerbate	VERB
ftr-305	460	28	the	the	DET
ftr-305	460	29	distortions	distortion	NOUN
ftr-305	460	30	from	from	ADP
ftr-305	460	31	the	the	DET
ftr-305	460	32	rule	rule	NOUN
ftr-305	460	33	that	that	PRON
ftr-305	460	34	applies	apply	VERB
ftr-305	460	35	to	to	ADP
ftr-305	460	36	domestically	domestically	ADV
ftr-305	460	37	-	-	PUNCT
ftr-305	460	38	controlled	control	VERB
ftr-305	460	39	reits.95	reits.95	NOUN
ftr-305	460	40	for	for	ADP
ftr-305	460	41	example	example	NOUN
ftr-305	460	42	,	,	PUNCT
ftr-305	460	43	suppose	suppose	VERB
ftr-305	460	44	a	a	DET
ftr-305	460	45	foreign	foreign	ADJ
ftr-305	460	46	entity	entity	NOUN
ftr-305	460	47	forms	form	VERB
ftr-305	460	48	a	a	DET
ftr-305	460	49	reit	reit	NOUN
ftr-305	460	50	,	,	PUNCT
ftr-305	460	51	or	or	CCONJ
ftr-305	460	52	several	several	ADJ
ftr-305	460	53	reits	reit	NOUN
ftr-305	460	54	,	,	PUNCT
ftr-305	460	55	to	to	PART
ftr-305	460	56	invest	invest	VERB
ftr-305	460	57	in	in	ADP
ftr-305	460	58	u.s	u.s	PROPN
ftr-305	460	59	.	.	PROPN
ftr-305	460	60	real	real	ADJ
ftr-305	460	61	estate	estate	NOUN
ftr-305	460	62	and	and	CCONJ
ftr-305	460	63	elects	elect	NOUN
ftr-305	460	64	to	to	PART
ftr-305	460	65	be	be	AUX
ftr-305	460	66	a	a	DET
ftr-305	460	67	partnership	partnership	NOUN
ftr-305	460	68	,	,	PUNCT
ftr-305	460	69	and	and	CCONJ
ftr-305	460	70	then	then	ADV
ftr-305	460	71	the	the	DET
ftr-305	460	72	reit	reit	NOUN
ftr-305	460	73	(	(	PUNCT
ftr-305	460	74	or	or	CCONJ
ftr-305	460	75	reits	reit	NOUN
ftr-305	460	76	)	)	PUNCT
ftr-305	460	77	borrows	borrow	VERB
ftr-305	460	78	from	from	ADP
ftr-305	460	79	the	the	DET
ftr-305	460	80	partnership	partnership	NOUN
ftr-305	460	81	.	.	PUNCT
ftr-305	461	1	although	although	SCONJ
ftr-305	461	2	the	the	DET
ftr-305	461	3	reit	reit	NOUN
ftr-305	461	4	is	be	AUX
ftr-305	461	5	(	(	PUNCT
ftr-305	461	6	or	or	CCONJ
ftr-305	461	7	the	the	DET
ftr-305	461	8	reits	reit	NOUN
ftr-305	461	9	are	be	AUX
ftr-305	461	10	)	)	PUNCT
ftr-305	461	11	directly	directly	ADV
ftr-305	461	12	or	or	CCONJ
ftr-305	461	13	indirectly	indirectly	ADV
ftr-305	461	14	wholly	wholly	ADV
ftr-305	461	15	owned	own	VERB
ftr-305	461	16	by	by	ADP
ftr-305	461	17	the	the	DET
ftr-305	461	18	foreign	foreign	ADJ
ftr-305	461	19	entity	entity	NOUN
ftr-305	461	20	,	,	PUNCT
ftr-305	461	21	the	the	DET
ftr-305	461	22	interest	interest	NOUN
ftr-305	461	23	paid	pay	VERB
ftr-305	461	24	by	by	ADP
ftr-305	461	25	the	the	DET
ftr-305	461	26	reit	reit	PROPN
ftr-305	461	27	(	(	PUNCT
ftr-305	461	28	or	or	CCONJ
ftr-305	461	29	reits	reit	NOUN
ftr-305	461	30	)	)	PUNCT
ftr-305	461	31	will	will	AUX
ftr-305	461	32	be	be	AUX
ftr-305	461	33	exempt	exempt	ADJ
ftr-305	461	34	from	from	ADP
ftr-305	461	35	withholding	withhold	VERB
ftr-305	461	36	tax	tax	NOUN
ftr-305	461	37	as	as	ADP
ftr-305	461	38	portfolio	portfolio	NOUN
ftr-305	461	39	interest	interest	NOUN
ftr-305	461	40	so	so	ADV
ftr-305	461	41	long	long	ADV
ftr-305	461	42	as	as	SCONJ
ftr-305	461	43	there	there	PRON
ftr-305	461	44	is	be	VERB
ftr-305	461	45	no	no	DET
ftr-305	461	46	10	10	NUM
ftr-305	461	47	percent	percent	NOUN
ftr-305	461	48	or	or	CCONJ
ftr-305	461	49	greater	great	ADJ
ftr-305	461	50	partner	partner	NOUN
ftr-305	461	51	in	in	ADP
ftr-305	461	52	the	the	DET
ftr-305	461	53	partnership	partnership	NOUN
ftr-305	461	54	(	(	PUNCT
ftr-305	461	55	if	if	SCONJ
ftr-305	461	56	there	there	PRON
ftr-305	461	57	is	be	VERB
ftr-305	461	58	,	,	PUNCT
ftr-305	461	59	the	the	DET
ftr-305	461	60	interest	interest	NOUN
ftr-305	461	61	paid	pay	VERB
ftr-305	461	62	by	by	ADP
ftr-305	461	63	the	the	DET
ftr-305	461	64	reit	reit	NOUN
ftr-305	461	65	will	will	AUX
ftr-305	461	66	be	be	AUX
ftr-305	461	67	subject	subject	ADJ
ftr-305	461	68	to	to	ADP
ftr-305	461	69	withholding	withhold	VERB
ftr-305	461	70	tax	tax	NOUN
ftr-305	461	71	only	only	ADV
ftr-305	461	72	in	in	ADP
ftr-305	461	73	respect	respect	NOUN
ftr-305	461	74	of	of	ADP
ftr-305	461	75	such	such	DET
ftr-305	461	76	a	a	DET
ftr-305	461	77	partner	partner	NOUN
ftr-305	461	78	’s	’s	PART
ftr-305	461	79	share	share	NOUN
ftr-305	461	80	of	of	ADP
ftr-305	461	81	the	the	DET
ftr-305	461	82	interest).96	interest).96	PROPN
ftr-305	461	83	measuring	measure	VERB
ftr-305	461	84	ownership	ownership	NOUN
ftr-305	461	85	at	at	ADP
ftr-305	461	86	the	the	DET
ftr-305	461	87	partner	partner	NOUN
ftr-305	461	88	level	level	NOUN
ftr-305	461	89	makes	make	VERB
ftr-305	461	90	no	no	DET
ftr-305	461	91	sense	sense	NOUN
ftr-305	461	92	if	if	SCONJ
ftr-305	461	93	the	the	DET
ftr-305	461	94	purpose	purpose	NOUN
ftr-305	461	95	of	of	ADP
ftr-305	461	96	the	the	DET
ftr-305	461	97	exclusion	exclusion	NOUN
ftr-305	461	98	from	from	ADP
ftr-305	461	99	portfolio	portfolio	NOUN
ftr-305	461	100	interest	interest	NOUN
ftr-305	461	101	of	of	ADP
ftr-305	461	102	interest	interest	NOUN
ftr-305	461	103	paid	pay	VERB
ftr-305	461	104	to	to	ADP
ftr-305	461	105	10	10	NUM
ftr-305	461	106	percent	percent	NOUN
ftr-305	461	107	or	or	CCONJ
ftr-305	461	108	greater	great	ADJ
ftr-305	461	109	owners	owner	NOUN
ftr-305	461	110	was	be	AUX
ftr-305	461	111	to	to	PART
ftr-305	461	112	exclude	exclude	VERB
ftr-305	461	113	interest	interest	NOUN
ftr-305	461	114	in	in	ADP
ftr-305	461	115	cases	case	NOUN
ftr-305	461	116	where	where	SCONJ
ftr-305	461	117	the	the	DET
ftr-305	461	118	debtor	debtor	NOUN
ftr-305	461	119	held	hold	VERB
ftr-305	461	120	sufficient	sufficient	ADJ
ftr-305	461	121	equity	equity	NOUN
ftr-305	461	122	to	to	PART
ftr-305	461	123	affect	affect	VERB
ftr-305	461	124	the	the	DET
ftr-305	461	125	terms	term	NOUN
ftr-305	461	126	of	of	ADP
ftr-305	461	127	the	the	DET
ftr-305	461	128	debt	debt	NOUN
ftr-305	461	129	.	.	PUNCT
ftr-305	462	1	the	the	DET
ftr-305	462	2	distribution	distribution	NOUN
ftr-305	462	3	look	look	VERB
ftr-305	462	4	through	through	ADP
ftr-305	462	5	rule	rule	NOUN
ftr-305	462	6	in	in	ADP
ftr-305	462	7	section	section	NOUN
ftr-305	462	8	897(h)(1	897(h)(1	NOUN
ftr-305	462	9	)	)	PUNCT
ftr-305	462	10	treats	treat	VERB
ftr-305	462	11	distributions	distribution	NOUN
ftr-305	462	12	of	of	ADP
ftr-305	462	13	gain	gain	NOUN
ftr-305	462	14	by	by	ADP
ftr-305	462	15	a	a	DET
ftr-305	462	16	reit	reit	NOUN
ftr-305	462	17	as	as	SCONJ
ftr-305	462	18	recognized	recognize	VERB
ftr-305	462	19	by	by	ADP
ftr-305	462	20	the	the	DET
ftr-305	462	21	shareholders	shareholder	NOUN
ftr-305	462	22	to	to	ADP
ftr-305	462	23	the	the	DET
ftr-305	462	24	extent	extent	NOUN
ftr-305	462	25	attributable	attributable	ADJ
ftr-305	462	26	to	to	ADP
ftr-305	462	27	gains	gain	NOUN
ftr-305	462	28	of	of	ADP
ftr-305	462	29	the	the	DET
ftr-305	462	30	reit	reit	NOUN
ftr-305	462	31	from	from	ADP
ftr-305	462	32	sales	sale	NOUN
ftr-305	462	33	or	or	CCONJ
ftr-305	462	34	other	other	ADJ
ftr-305	462	35	dispositions	disposition	NOUN
ftr-305	462	36	of	of	ADP
ftr-305	462	37	interests	interest	NOUN
ftr-305	462	38	in	in	ADP
ftr-305	462	39	usrp	usrp	NOUN
ftr-305	462	40	.	.	PUNCT
ftr-305	463	1	how	how	SCONJ
ftr-305	463	2	this	this	DET
ftr-305	463	3	rule	rule	NOUN
ftr-305	463	4	should	should	AUX
ftr-305	463	5	be	be	AUX
ftr-305	463	6	interpreted	interpret	VERB
ftr-305	463	7	in	in	ADP
ftr-305	463	8	the	the	DET
ftr-305	463	9	case	case	NOUN
ftr-305	463	10	of	of	ADP
ftr-305	463	11	a	a	DET
ftr-305	463	12	94	94	NUM
ftr-305	463	13	.	.	PUNCT
ftr-305	463	14	regs	regs	PROPN
ftr-305	463	15	.	.	PUNCT
ftr-305	464	1	§	§	PROPN
ftr-305	464	2	1.897	1.897	NUM
ftr-305	464	3	-	-	SYM
ftr-305	464	4	1(c)(1)(ii	1(c)(1)(ii	NUM
ftr-305	464	5	)	)	PUNCT
ftr-305	464	6	,	,	PUNCT
ftr-305	464	7	(	(	PUNCT
ftr-305	464	8	c)(2)(i	c)(2)(i	X
ftr-305	464	9	)	)	PUNCT
ftr-305	464	10	(	(	PUNCT
ftr-305	464	11	referring	refer	VERB
ftr-305	464	12	to	to	ADP
ftr-305	464	13	the	the	DET
ftr-305	464	14	“	"	PUNCT
ftr-305	464	15	actual	actual	ADJ
ftr-305	464	16	owners	owner	NOUN
ftr-305	464	17	of	of	ADP
ftr-305	464	18	stock	stock	NOUN
ftr-305	464	19	,	,	PUNCT
ftr-305	464	20	”	"	PUNCT
ftr-305	464	21	as	as	SCONJ
ftr-305	464	22	determined	determine	VERB
ftr-305	464	23	under	under	ADP
ftr-305	464	24	regs	reg	NOUN
ftr-305	464	25	.	.	PUNCT
ftr-305	465	1	§	§	PROPN
ftr-305	465	2	1.857	1.857	NUM
ftr-305	465	3	-	-	SYM
ftr-305	465	4	8	8	NUM
ftr-305	465	5	,	,	PUNCT
ftr-305	465	6	which	which	PRON
ftr-305	465	7	in	in	ADP
ftr-305	465	8	turn	turn	NOUN
ftr-305	465	9	defines	define	VERB
ftr-305	465	10	the	the	DET
ftr-305	465	11	actual	actual	ADJ
ftr-305	465	12	owner	owner	NOUN
ftr-305	465	13	as	as	ADP
ftr-305	465	14	the	the	DET
ftr-305	465	15	person	person	NOUN
ftr-305	465	16	required	require	VERB
ftr-305	465	17	to	to	PART
ftr-305	465	18	include	include	VERB
ftr-305	465	19	dividends	dividend	NOUN
ftr-305	465	20	in	in	ADP
ftr-305	465	21	income	income	NOUN
ftr-305	465	22	)	)	PUNCT
ftr-305	465	23	.	.	PUNCT
ftr-305	466	1	some	some	PRON
ftr-305	466	2	believe	believe	VERB
ftr-305	466	3	this	this	PRON
ftr-305	466	4	is	be	AUX
ftr-305	466	5	unclear	unclear	ADJ
ftr-305	466	6	in	in	ADP
ftr-305	466	7	the	the	DET
ftr-305	466	8	case	case	NOUN
ftr-305	466	9	of	of	ADP
ftr-305	466	10	shares	share	NOUN
ftr-305	466	11	held	hold	VERB
ftr-305	466	12	by	by	ADP
ftr-305	466	13	a	a	DET
ftr-305	466	14	reit	reit	NOUN
ftr-305	466	15	or	or	CCONJ
ftr-305	466	16	ric	ric	PROPN
ftr-305	466	17	,	,	PUNCT
ftr-305	466	18	suggesting	suggest	VERB
ftr-305	466	19	that	that	SCONJ
ftr-305	466	20	the	the	DET
ftr-305	466	21	shareholders	shareholder	NOUN
ftr-305	466	22	of	of	ADP
ftr-305	466	23	the	the	DET
ftr-305	466	24	reit	reit	NOUN
ftr-305	466	25	or	or	CCONJ
ftr-305	466	26	ric	ric	PROPN
ftr-305	466	27	might	might	AUX
ftr-305	466	28	also	also	ADV
ftr-305	466	29	be	be	AUX
ftr-305	466	30	regarded	regard	VERB
ftr-305	466	31	as	as	ADP
ftr-305	466	32	owners	owner	NOUN
ftr-305	466	33	because	because	SCONJ
ftr-305	466	34	they	they	PRON
ftr-305	466	35	will	will	AUX
ftr-305	466	36	take	take	VERB
ftr-305	466	37	the	the	DET
ftr-305	466	38	income	income	NOUN
ftr-305	466	39	into	into	ADP
ftr-305	466	40	account	account	NOUN
ftr-305	466	41	when	when	SCONJ
ftr-305	466	42	it	it	PRON
ftr-305	466	43	is	be	AUX
ftr-305	466	44	distributed	distribute	VERB
ftr-305	466	45	by	by	ADP
ftr-305	466	46	the	the	DET
ftr-305	466	47	reit	reit	PROPN
ftr-305	466	48	or	or	CCONJ
ftr-305	466	49	ric	ric	PROPN
ftr-305	466	50	.	.	PUNCT
ftr-305	467	1	see	see	VERB
ftr-305	467	2	levy	levy	NOUN
ftr-305	467	3	,	,	PUNCT
ftr-305	467	4	nonrecognition	nonrecognition	NOUN
ftr-305	467	5	transactions	transaction	NOUN
ftr-305	467	6	,	,	PUNCT
ftr-305	467	7	supra	supra	PROPN
ftr-305	467	8	note	note	NOUN
ftr-305	467	9	56	56	NUM
ftr-305	467	10	.	.	NOUN
ftr-305	467	11	95	95	NUM
ftr-305	467	12	.	.	PUNCT
ftr-305	468	1	portfolio	portfolio	NOUN
ftr-305	468	2	interest	interest	NOUN
ftr-305	468	3	,	,	PUNCT
ftr-305	468	4	which	which	PRON
ftr-305	468	5	is	be	AUX
ftr-305	468	6	exempt	exempt	ADJ
ftr-305	468	7	from	from	ADP
ftr-305	468	8	u.s	u.s	PROPN
ftr-305	468	9	.	.	PROPN
ftr-305	468	10	withholding	withholding	NOUN
ftr-305	468	11	tax	tax	NOUN
ftr-305	468	12	,	,	PUNCT
ftr-305	468	13	is	be	AUX
ftr-305	468	14	defined	define	VERB
ftr-305	468	15	by	by	ADP
ftr-305	468	16	sections	section	NOUN
ftr-305	468	17	871(h	871(h	PROPN
ftr-305	468	18	)	)	PUNCT
ftr-305	468	19	and	and	CCONJ
ftr-305	468	20	881(c	881(c	NUM
ftr-305	468	21	)	)	PUNCT
ftr-305	468	22	to	to	PART
ftr-305	468	23	exclude	exclude	VERB
ftr-305	468	24	interest	interest	NOUN
ftr-305	468	25	received	receive	VERB
ftr-305	468	26	by	by	ADP
ftr-305	468	27	a	a	DET
ftr-305	468	28	10	10	NUM
ftr-305	468	29	percent	percent	NOUN
ftr-305	468	30	or	or	CCONJ
ftr-305	468	31	greater	great	ADJ
ftr-305	468	32	shareholder	shareholder	NOUN
ftr-305	468	33	.	.	PUNCT
ftr-305	469	1	96	96	NUM
ftr-305	469	2	.	.	PUNCT
ftr-305	470	1	under	under	ADP
ftr-305	470	2	regulations	regulation	NOUN
ftr-305	470	3	section	section	NOUN
ftr-305	470	4	1.871	1.871	NUM
ftr-305	470	5	-	-	SYM
ftr-305	470	6	14(g)(3	14(g)(3	NUM
ftr-305	470	7	)	)	PUNCT
ftr-305	470	8	,	,	PUNCT
ftr-305	470	9	the	the	DET
ftr-305	470	10	determination	determination	NOUN
ftr-305	470	11	of	of	ADP
ftr-305	470	12	whether	whether	SCONJ
ftr-305	470	13	the	the	DET
ftr-305	470	14	interest	interest	NOUN
ftr-305	470	15	is	be	AUX
ftr-305	470	16	portfolio	portfolio	NOUN
ftr-305	470	17	interest	interest	NOUN
ftr-305	470	18	,	,	PUNCT
ftr-305	470	19	and	and	CCONJ
ftr-305	470	20	therefore	therefore	ADV
ftr-305	470	21	exempt	exempt	ADJ
ftr-305	470	22	from	from	ADP
ftr-305	470	23	withholding	withholding	NOUN
ftr-305	470	24	tax	tax	NOUN
ftr-305	470	25	,	,	PUNCT
ftr-305	470	26	is	be	AUX
ftr-305	470	27	made	make	VERB
ftr-305	470	28	on	on	ADP
ftr-305	470	29	a	a	DET
ftr-305	470	30	look	look	NOUN
ftr-305	470	31	through	through	ADP
ftr-305	470	32	basis	basis	NOUN
ftr-305	470	33	,	,	PUNCT
ftr-305	470	34	i.e.	i.e.	X
ftr-305	470	35	,	,	PUNCT
ftr-305	470	36	at	at	ADP
ftr-305	470	37	the	the	DET
ftr-305	470	38	partner	partner	NOUN
ftr-305	470	39	level	level	NOUN
ftr-305	470	40	.	.	PUNCT
ftr-305	471	1	interest	interest	NOUN
ftr-305	471	2	is	be	AUX
ftr-305	471	3	thus	thus	ADV
ftr-305	471	4	portfolio	portfolio	NOUN
ftr-305	471	5	interest	interest	NOUN
ftr-305	471	6	to	to	ADP
ftr-305	471	7	any	any	DET
ftr-305	471	8	partner	partner	NOUN
ftr-305	471	9	who	who	PRON
ftr-305	471	10	,	,	PUNCT
ftr-305	471	11	looking	look	VERB
ftr-305	471	12	through	through	ADP
ftr-305	471	13	the	the	DET
ftr-305	471	14	partnership	partnership	NOUN
ftr-305	471	15	,	,	PUNCT
ftr-305	471	16	is	be	AUX
ftr-305	471	17	not	not	PART
ftr-305	471	18	a	a	DET
ftr-305	471	19	10	10	NUM
ftr-305	471	20	percent	percent	NOUN
ftr-305	471	21	or	or	CCONJ
ftr-305	471	22	greater	great	ADJ
ftr-305	471	23	shareholder	shareholder	NOUN
ftr-305	471	24	of	of	ADP
ftr-305	471	25	the	the	DET
ftr-305	471	26	reit	reit	NOUN
ftr-305	471	27	.	.	PUNCT
ftr-305	472	1	the	the	DET
ftr-305	472	2	reit	reit	PROPN
ftr-305	472	3	’s	’s	PART
ftr-305	472	4	deduction	deduction	NOUN
ftr-305	472	5	for	for	ADP
ftr-305	472	6	interest	interest	NOUN
ftr-305	472	7	would	would	AUX
ftr-305	472	8	be	be	AUX
ftr-305	472	9	subject	subject	ADJ
ftr-305	472	10	to	to	ADP
ftr-305	472	11	the	the	DET
ftr-305	472	12	earnings	earning	NOUN
ftr-305	472	13	stripping	strip	VERB
ftr-305	472	14	limitation	limitation	NOUN
ftr-305	472	15	in	in	ADP
ftr-305	472	16	section	section	NOUN
ftr-305	472	17	163(j	163(j	PROPN
ftr-305	472	18	)	)	PUNCT
ftr-305	472	19	,	,	PUNCT
ftr-305	472	20	but	but	CCONJ
ftr-305	472	21	the	the	DET
ftr-305	472	22	benchmark	benchmark	NOUN
ftr-305	472	23	(	(	PUNCT
ftr-305	472	24	“	"	PUNCT
ftr-305	472	25	adjusted	adjust	VERB
ftr-305	472	26	taxable	taxable	ADJ
ftr-305	472	27	income	income	NOUN
ftr-305	472	28	”	"	PUNCT
ftr-305	472	29	)	)	PUNCT
ftr-305	472	30	adds	add	VERB
ftr-305	472	31	all	all	DET
ftr-305	472	32	depreciation	depreciation	NOUN
ftr-305	472	33	back	back	ADV
ftr-305	472	34	to	to	ADP
ftr-305	472	35	taxable	taxable	ADJ
ftr-305	472	36	income	income	NOUN
ftr-305	472	37	;	;	PUNCT
ftr-305	472	38	and	and	CCONJ
ftr-305	472	39	taxable	taxable	ADJ
ftr-305	472	40	income	income	NOUN
ftr-305	472	41	would	would	AUX
ftr-305	472	42	,	,	PUNCT
ftr-305	472	43	unlike	unlike	ADP
ftr-305	472	44	reit	reit	PROPN
ftr-305	472	45	taxable	taxable	ADJ
ftr-305	472	46	income	income	NOUN
ftr-305	472	47	,	,	PUNCT
ftr-305	472	48	not	not	PART
ftr-305	472	49	be	be	AUX
ftr-305	472	50	reduced	reduce	VERB
ftr-305	472	51	by	by	ADP
ftr-305	472	52	dividends	dividend	NOUN
ftr-305	472	53	.	.	PUNCT
ftr-305	473	1	the	the	DET
ftr-305	473	2	portfolio	portfolio	NOUN
ftr-305	473	3	interest	interest	NOUN
ftr-305	473	4	rule	rule	NOUN
ftr-305	473	5	is	be	AUX
ftr-305	473	6	,	,	PUNCT
ftr-305	473	7	of	of	ADP
ftr-305	473	8	course	course	NOUN
ftr-305	473	9	,	,	PUNCT
ftr-305	473	10	not	not	PART
ftr-305	473	11	limited	limit	VERB
ftr-305	473	12	to	to	ADP
ftr-305	473	13	reits	reit	NOUN
ftr-305	473	14	,	,	PUNCT
ftr-305	473	15	although	although	SCONJ
ftr-305	473	16	in	in	ADP
ftr-305	473	17	practice	practice	NOUN
ftr-305	473	18	that	that	PRON
ftr-305	473	19	may	may	AUX
ftr-305	473	20	be	be	AUX
ftr-305	473	21	the	the	DET
ftr-305	473	22	most	most	ADV
ftr-305	473	23	common	common	ADJ
ftr-305	473	24	application	application	NOUN
ftr-305	473	25	.	.	PUNCT
ftr-305	474	1	2013	2013	NUM
ftr-305	474	2	]	]	PUNCT
ftr-305	474	3	suppose	suppose	VERB
ftr-305	474	4	firpta	firpta	NOUN
ftr-305	474	5	was	be	AUX
ftr-305	474	6	repealed	repeal	VERB
ftr-305	474	7	25	25	NUM
ftr-305	474	8	liquidation	liquidation	NOUN
ftr-305	474	9	or	or	CCONJ
ftr-305	474	10	a	a	DET
ftr-305	474	11	redemption	redemption	NOUN
ftr-305	474	12	is	be	AUX
ftr-305	474	13	a	a	DET
ftr-305	474	14	source	source	NOUN
ftr-305	474	15	of	of	ADP
ftr-305	474	16	disagreement.97	disagreement.97	NOUN
ftr-305	474	17	some	some	DET
ftr-305	474	18	reits	reit	NOUN
ftr-305	474	19	took	take	VERB
ftr-305	474	20	the	the	DET
ftr-305	474	21	view	view	NOUN
ftr-305	474	22	,	,	PUNCT
ftr-305	474	23	apparently	apparently	ADV
ftr-305	474	24	bolstered	bolster	VERB
ftr-305	474	25	by	by	ADP
ftr-305	474	26	a	a	DET
ftr-305	474	27	private	private	ADJ
ftr-305	474	28	letter	letter	NOUN
ftr-305	474	29	ruling	ruling	NOUN
ftr-305	474	30	which	which	PRON
ftr-305	474	31	was	be	AUX
ftr-305	474	32	later	later	ADV
ftr-305	474	33	withdrawn,98	withdrawn,98	ADJ
ftr-305	474	34	that	that	DET
ftr-305	474	35	section	section	NOUN
ftr-305	474	36	897(h)(1	897(h)(1	NOUN
ftr-305	474	37	)	)	PUNCT
ftr-305	474	38	did	do	AUX
ftr-305	474	39	not	not	PART
ftr-305	474	40	apply	apply	VERB
ftr-305	474	41	to	to	ADP
ftr-305	474	42	a	a	DET
ftr-305	474	43	distribution	distribution	NOUN
ftr-305	474	44	of	of	ADP
ftr-305	474	45	gain	gain	NOUN
ftr-305	474	46	in	in	ADP
ftr-305	474	47	the	the	DET
ftr-305	474	48	complete	complete	ADJ
ftr-305	474	49	liquidation	liquidation	NOUN
ftr-305	474	50	of	of	ADP
ftr-305	474	51	a	a	DET
ftr-305	474	52	reit	reit	NOUN
ftr-305	474	53	,	,	PUNCT
ftr-305	474	54	since	since	SCONJ
ftr-305	474	55	that	that	PRON
ftr-305	474	56	was	be	AUX
ftr-305	474	57	a	a	DET
ftr-305	474	58	sale	sale	NOUN
ftr-305	474	59	or	or	CCONJ
ftr-305	474	60	exchange	exchange	NOUN
ftr-305	474	61	of	of	ADP
ftr-305	474	62	the	the	DET
ftr-305	474	63	reit	reit	NOUN
ftr-305	474	64	shares	share	NOUN
ftr-305	474	65	;	;	PUNCT
ftr-305	474	66	and	and	CCONJ
ftr-305	474	67	,	,	PUNCT
ftr-305	474	68	therefore	therefore	ADV
ftr-305	474	69	,	,	PUNCT
ftr-305	474	70	if	if	SCONJ
ftr-305	474	71	the	the	DET
ftr-305	474	72	reit	reit	NOUN
ftr-305	474	73	was	be	AUX
ftr-305	474	74	domestically	domestically	ADV
ftr-305	474	75	controlled	control	VERB
ftr-305	474	76	,	,	PUNCT
ftr-305	474	77	a	a	DET
ftr-305	474	78	foreign	foreign	ADJ
ftr-305	474	79	shareholder	shareholder	NOUN
ftr-305	474	80	recognized	recognize	VERB
ftr-305	474	81	no	no	DET
ftr-305	474	82	taxable	taxable	ADJ
ftr-305	474	83	gain	gain	NOUN
ftr-305	474	84	from	from	ADP
ftr-305	474	85	the	the	DET
ftr-305	474	86	liquidating	liquidating	NOUN
ftr-305	474	87	distribution	distribution	NOUN
ftr-305	474	88	.	.	PUNCT
ftr-305	475	1	the	the	DET
ftr-305	475	2	theory	theory	NOUN
ftr-305	475	3	,	,	PUNCT
ftr-305	475	4	if	if	SCONJ
ftr-305	475	5	correct	correct	ADJ
ftr-305	475	6	,	,	PUNCT
ftr-305	475	7	would	would	AUX
ftr-305	475	8	also	also	ADV
ftr-305	475	9	extend	extend	VERB
ftr-305	475	10	to	to	ADP
ftr-305	475	11	a	a	DET
ftr-305	475	12	distribution	distribution	NOUN
ftr-305	475	13	in	in	ADP
ftr-305	475	14	redemption	redemption	NOUN
ftr-305	475	15	of	of	ADP
ftr-305	475	16	shares	share	NOUN
ftr-305	475	17	of	of	ADP
ftr-305	475	18	a	a	DET
ftr-305	475	19	foreign	foreign	ADJ
ftr-305	475	20	shareholder	shareholder	NOUN
ftr-305	475	21	by	by	ADP
ftr-305	475	22	a	a	DET
ftr-305	475	23	domestically	domestically	ADV
ftr-305	475	24	-	-	PUNCT
ftr-305	475	25	controlled	control	VERB
ftr-305	475	26	reit	reit	NOUN
ftr-305	475	27	if	if	SCONJ
ftr-305	475	28	the	the	DET
ftr-305	475	29	redemption	redemption	NOUN
ftr-305	475	30	was	be	AUX
ftr-305	475	31	treated	treat	VERB
ftr-305	475	32	as	as	ADP
ftr-305	475	33	a	a	DET
ftr-305	475	34	sale	sale	NOUN
ftr-305	475	35	or	or	CCONJ
ftr-305	475	36	exchange	exchange	NOUN
ftr-305	475	37	by	by	ADP
ftr-305	475	38	the	the	DET
ftr-305	475	39	shareholder	shareholder	NOUN
ftr-305	475	40	.	.	PUNCT
ftr-305	476	1	and	and	CCONJ
ftr-305	476	2	a	a	DET
ftr-305	476	3	foreign	foreign	ADJ
ftr-305	476	4	shareholder	shareholder	NOUN
ftr-305	476	5	of	of	ADP
ftr-305	476	6	a	a	DET
ftr-305	476	7	reit	reit	NOUN
ftr-305	476	8	that	that	PRON
ftr-305	476	9	was	be	AUX
ftr-305	476	10	not	not	PART
ftr-305	476	11	domestically	domestically	ADV
ftr-305	476	12	controlled	control	VERB
ftr-305	476	13	might	might	AUX
ftr-305	476	14	take	take	VERB
ftr-305	476	15	the	the	DET
ftr-305	476	16	view	view	NOUN
ftr-305	476	17	that	that	SCONJ
ftr-305	476	18	the	the	DET
ftr-305	476	19	liquidation	liquidation	NOUN
ftr-305	476	20	of	of	ADP
ftr-305	476	21	a	a	DET
ftr-305	476	22	reit	reit	NOUN
ftr-305	476	23	did	do	AUX
ftr-305	476	24	not	not	PART
ftr-305	476	25	result	result	VERB
ftr-305	476	26	in	in	ADP
ftr-305	476	27	tax	tax	NOUN
ftr-305	476	28	because	because	SCONJ
ftr-305	476	29	of	of	ADP
ftr-305	476	30	the	the	DET
ftr-305	476	31	“	"	PUNCT
ftr-305	476	32	cleansing	cleansing	NOUN
ftr-305	476	33	exception	exception	NOUN
ftr-305	476	34	”	"	PUNCT
ftr-305	476	35	that	that	PRON
ftr-305	476	36	excludes	exclude	VERB
ftr-305	476	37	from	from	ADP
ftr-305	476	38	the	the	DET
ftr-305	476	39	definition	definition	NOUN
ftr-305	476	40	of	of	ADP
ftr-305	476	41	usrphc	usrphc	PROPN
ftr-305	476	42	a	a	DET
ftr-305	476	43	u.s	u.s	PROPN
ftr-305	476	44	.	.	PROPN
ftr-305	476	45	corporation	corporation	NOUN
ftr-305	476	46	which	which	PRON
ftr-305	476	47	no	no	ADV
ftr-305	476	48	longer	long	ADV
ftr-305	476	49	owns	own	VERB
ftr-305	476	50	interests	interest	NOUN
ftr-305	476	51	in	in	ADP
ftr-305	476	52	usrp	usrp	NOUN
ftr-305	476	53	and	and	CCONJ
ftr-305	476	54	has	have	AUX
ftr-305	476	55	disposed	dispose	VERB
ftr-305	476	56	of	of	ADP
ftr-305	476	57	all	all	PRON
ftr-305	476	58	of	of	ADP
ftr-305	476	59	the	the	DET
ftr-305	476	60	interests	interest	NOUN
ftr-305	476	61	that	that	PRON
ftr-305	476	62	it	it	PRON
ftr-305	476	63	did	do	AUX
ftr-305	476	64	own	own	VERB
ftr-305	476	65	in	in	ADP
ftr-305	476	66	gain	gain	NOUN
ftr-305	476	67	recognition	recognition	NOUN
ftr-305	476	68	transactions	transaction	NOUN
ftr-305	476	69	.	.	PUNCT
ftr-305	477	1	in	in	ADP
ftr-305	477	2	notice	notice	NOUN
ftr-305	477	3	2007	2007	NUM
ftr-305	477	4	-	-	SYM
ftr-305	477	5	55	55	NUM
ftr-305	477	6	,	,	PUNCT
ftr-305	477	7	the	the	DET
ftr-305	477	8	irs	irs	PROPN
ftr-305	477	9	disagreed	disagree	VERB
ftr-305	477	10	with	with	ADP
ftr-305	477	11	the	the	DET
ftr-305	477	12	view	view	NOUN
ftr-305	477	13	that	that	SCONJ
ftr-305	477	14	the	the	DET
ftr-305	477	15	section	section	NOUN
ftr-305	477	16	897(h)(1	897(h)(1	NOUN
ftr-305	477	17	)	)	PUNCT
ftr-305	477	18	look	look	VERB
ftr-305	477	19	through	through	ADP
ftr-305	477	20	does	do	AUX
ftr-305	477	21	not	not	PART
ftr-305	477	22	apply	apply	VERB
ftr-305	477	23	to	to	ADP
ftr-305	477	24	liquidating	liquidating	NOUN
ftr-305	477	25	distributions	distribution	NOUN
ftr-305	477	26	and	and	CCONJ
ftr-305	477	27	said	say	VERB
ftr-305	477	28	that	that	SCONJ
ftr-305	477	29	it	it	PRON
ftr-305	477	30	applied	apply	VERB
ftr-305	477	31	to	to	ADP
ftr-305	477	32	any	any	DET
ftr-305	477	33	distribution	distribution	NOUN
ftr-305	477	34	,	,	PUNCT
ftr-305	477	35	whether	whether	SCONJ
ftr-305	477	36	as	as	ADP
ftr-305	477	37	a	a	DET
ftr-305	477	38	dividend	dividend	NOUN
ftr-305	477	39	,	,	PUNCT
ftr-305	477	40	in	in	ADP
ftr-305	477	41	redemption	redemption	NOUN
ftr-305	477	42	of	of	ADP
ftr-305	477	43	shares	share	NOUN
ftr-305	477	44	or	or	CCONJ
ftr-305	477	45	in	in	ADP
ftr-305	477	46	complete	complete	ADJ
ftr-305	477	47	liquidation.99	liquidation.99	NOUN
ftr-305	477	48	the	the	DET
ftr-305	477	49	notice	notice	NOUN
ftr-305	477	50	promised	promise	VERB
ftr-305	477	51	that	that	SCONJ
ftr-305	477	52	regulations	regulation	NOUN
ftr-305	477	53	would	would	AUX
ftr-305	477	54	be	be	AUX
ftr-305	477	55	issued	issue	VERB
ftr-305	477	56	,	,	PUNCT
ftr-305	477	57	retroactive	retroactive	ADJ
ftr-305	477	58	to	to	ADP
ftr-305	477	59	the	the	DET
ftr-305	477	60	date	date	NOUN
ftr-305	477	61	the	the	DET
ftr-305	477	62	notice	notice	NOUN
ftr-305	477	63	was	be	AUX
ftr-305	477	64	issued	issue	VERB
ftr-305	477	65	,	,	PUNCT
ftr-305	477	66	which	which	PRON
ftr-305	477	67	would	would	AUX
ftr-305	477	68	apply	apply	VERB
ftr-305	477	69	section	section	NOUN
ftr-305	477	70	897(h)(1	897(h)(1	NOUN
ftr-305	477	71	)	)	PUNCT
ftr-305	477	72	to	to	ADP
ftr-305	477	73	distributions	distribution	NOUN
ftr-305	477	74	to	to	ADP
ftr-305	477	75	a	a	DET
ftr-305	477	76	foreign	foreign	ADJ
ftr-305	477	77	shareholder	shareholder	NOUN
ftr-305	477	78	in	in	ADP
ftr-305	477	79	a	a	DET
ftr-305	477	80	complete	complete	ADJ
ftr-305	477	81	liquidation	liquidation	NOUN
ftr-305	477	82	or	or	CCONJ
ftr-305	477	83	in	in	ADP
ftr-305	477	84	a	a	DET
ftr-305	477	85	redemption	redemption	NOUN
ftr-305	477	86	that	that	PRON
ftr-305	477	87	is	be	AUX
ftr-305	477	88	treated	treat	VERB
ftr-305	477	89	by	by	ADP
ftr-305	477	90	the	the	DET
ftr-305	477	91	shareholder	shareholder	NOUN
ftr-305	477	92	as	as	ADP
ftr-305	477	93	a	a	DET
ftr-305	477	94	sale	sale	NOUN
ftr-305	477	95	or	or	CCONJ
ftr-305	477	96	exchange	exchange	NOUN
ftr-305	477	97	.	.	PUNCT
ftr-305	478	1	the	the	DET
ftr-305	478	2	notice	notice	NOUN
ftr-305	478	3	was	be	AUX
ftr-305	478	4	limited	limit	VERB
ftr-305	478	5	to	to	ADP
ftr-305	478	6	distributions	distribution	NOUN
ftr-305	478	7	in	in	ADP
ftr-305	478	8	the	the	DET
ftr-305	478	9	liquidation	liquidation	NOUN
ftr-305	478	10	of	of	ADP
ftr-305	478	11	,	,	PUNCT
ftr-305	478	12	or	or	CCONJ
ftr-305	478	13	in	in	ADP
ftr-305	478	14	the	the	DET
ftr-305	478	15	redemption	redemption	NOUN
ftr-305	478	16	of	of	ADP
ftr-305	478	17	shares	share	NOUN
ftr-305	478	18	of	of	ADP
ftr-305	478	19	,	,	PUNCT
ftr-305	478	20	a	a	DET
ftr-305	478	21	domestically	domestically	ADV
ftr-305	478	22	-	-	PUNCT
ftr-305	478	23	controlled	control	VERB
ftr-305	478	24	reit	reit	NOUN
ftr-305	478	25	and	and	CCONJ
ftr-305	478	26	did	do	AUX
ftr-305	478	27	not	not	PART
ftr-305	478	28	address	address	VERB
ftr-305	478	29	liquidating	liquidating	NOUN
ftr-305	478	30	distributions	distribution	NOUN
ftr-305	478	31	to	to	ADP
ftr-305	478	32	,	,	PUNCT
ftr-305	478	33	or	or	CCONJ
ftr-305	478	34	a	a	DET
ftr-305	478	35	redemption	redemption	NOUN
ftr-305	478	36	of	of	ADP
ftr-305	478	37	shares	share	NOUN
ftr-305	478	38	of	of	ADP
ftr-305	478	39	,	,	PUNCT
ftr-305	478	40	a	a	DET
ftr-305	478	41	shareholder	shareholder	NOUN
ftr-305	478	42	holding	hold	VERB
ftr-305	478	43	a	a	DET
ftr-305	478	44	5	5	NUM
ftr-305	478	45	percent	percent	NOUN
ftr-305	478	46	or	or	CCONJ
ftr-305	478	47	smaller	small	ADJ
ftr-305	478	48	interest	interest	NOUN
ftr-305	478	49	in	in	ADP
ftr-305	478	50	a	a	DET
ftr-305	478	51	regularly	regularly	ADV
ftr-305	478	52	traded	trade	VERB
ftr-305	478	53	class	class	NOUN
ftr-305	478	54	of	of	ADP
ftr-305	478	55	shares	share	NOUN
ftr-305	478	56	.	.	PUNCT
ftr-305	479	1	the	the	DET
ftr-305	479	2	irs	irs	PROPN
ftr-305	479	3	subsequently	subsequently	ADV
ftr-305	479	4	concluded	conclude	VERB
ftr-305	479	5	that	that	SCONJ
ftr-305	479	6	such	such	DET
ftr-305	479	7	a	a	DET
ftr-305	479	8	redemption	redemption	NOUN
ftr-305	479	9	or	or	CCONJ
ftr-305	479	10	distribution	distribution	NOUN
ftr-305	479	11	97	97	NUM
ftr-305	479	12	.	.	PUNCT
ftr-305	480	1	there	there	PRON
ftr-305	480	2	are	be	VERB
ftr-305	480	3	also	also	ADV
ftr-305	480	4	other	other	ADJ
ftr-305	480	5	interpretive	interpretive	ADJ
ftr-305	480	6	issues	issue	NOUN
ftr-305	480	7	,	,	PUNCT
ftr-305	480	8	such	such	ADJ
ftr-305	480	9	as	as	ADP
ftr-305	480	10	(	(	PUNCT
ftr-305	480	11	1	1	NUM
ftr-305	480	12	)	)	PUNCT
ftr-305	480	13	whether	whether	SCONJ
ftr-305	480	14	it	it	PRON
ftr-305	480	15	is	be	AUX
ftr-305	480	16	limited	limit	VERB
ftr-305	480	17	to	to	ADP
ftr-305	480	18	capital	capital	NOUN
ftr-305	480	19	gain	gain	NOUN
ftr-305	480	20	distributions	distribution	NOUN
ftr-305	480	21	,	,	PUNCT
ftr-305	480	22	(	(	PUNCT
ftr-305	480	23	2	2	X
ftr-305	480	24	)	)	PUNCT
ftr-305	480	25	whether	whether	SCONJ
ftr-305	480	26	distributions	distribution	NOUN
ftr-305	480	27	of	of	ADP
ftr-305	480	28	capital	capital	NOUN
ftr-305	480	29	gain	gain	NOUN
ftr-305	480	30	previously	previously	ADV
ftr-305	480	31	taxed	tax	VERB
ftr-305	480	32	to	to	ADP
ftr-305	480	33	the	the	DET
ftr-305	480	34	reit	reit	NOUN
ftr-305	480	35	are	be	AUX
ftr-305	480	36	covered	cover	VERB
ftr-305	480	37	,	,	PUNCT
ftr-305	480	38	(	(	PUNCT
ftr-305	480	39	3	3	X
ftr-305	480	40	)	)	PUNCT
ftr-305	480	41	whether	whether	SCONJ
ftr-305	480	42	losses	loss	NOUN
ftr-305	480	43	are	be	AUX
ftr-305	480	44	netted	net	VERB
ftr-305	480	45	against	against	ADP
ftr-305	480	46	gains	gain	NOUN
ftr-305	480	47	of	of	ADP
ftr-305	480	48	the	the	DET
ftr-305	480	49	reit	reit	NOUN
ftr-305	480	50	in	in	ADP
ftr-305	480	51	determining	determine	VERB
ftr-305	480	52	what	what	PRON
ftr-305	480	53	is	be	AUX
ftr-305	480	54	taxed	tax	VERB
ftr-305	480	55	,	,	PUNCT
ftr-305	480	56	and	and	CCONJ
ftr-305	480	57	(	(	PUNCT
ftr-305	480	58	4	4	X
ftr-305	480	59	)	)	PUNCT
ftr-305	480	60	how	how	SCONJ
ftr-305	480	61	to	to	PART
ftr-305	480	62	determine	determine	VERB
ftr-305	480	63	what	what	PRON
ftr-305	480	64	part	part	NOUN
ftr-305	480	65	of	of	ADP
ftr-305	480	66	a	a	DET
ftr-305	480	67	distribution	distribution	NOUN
ftr-305	480	68	is	be	AUX
ftr-305	480	69	attributable	attributable	ADJ
ftr-305	480	70	to	to	ADP
ftr-305	480	71	gains	gain	NOUN
ftr-305	480	72	from	from	ADP
ftr-305	480	73	the	the	DET
ftr-305	480	74	disposition	disposition	NOUN
ftr-305	480	75	of	of	ADP
ftr-305	480	76	interests	interest	NOUN
ftr-305	480	77	in	in	ADP
ftr-305	480	78	usrp	usrp	NOUN
ftr-305	480	79	when	when	SCONJ
ftr-305	480	80	the	the	DET
ftr-305	480	81	reit	reit	NOUN
ftr-305	480	82	has	have	VERB
ftr-305	480	83	other	other	ADJ
ftr-305	480	84	capital	capital	NOUN
ftr-305	480	85	gains	gain	NOUN
ftr-305	480	86	that	that	PRON
ftr-305	480	87	are	be	AUX
ftr-305	480	88	not	not	PART
ftr-305	480	89	attributable	attributable	ADJ
ftr-305	480	90	and	and	CCONJ
ftr-305	480	91	less	less	ADJ
ftr-305	480	92	than	than	SCONJ
ftr-305	480	93	all	all	DET
ftr-305	480	94	the	the	DET
ftr-305	480	95	gains	gain	NOUN
ftr-305	480	96	are	be	AUX
ftr-305	480	97	distributed	distribute	VERB
ftr-305	480	98	.	.	PUNCT
ftr-305	481	1	see	see	VERB
ftr-305	481	2	elaine	elaine	PROPN
ftr-305	481	3	platt	platt	PROPN
ftr-305	481	4	,	,	PUNCT
ftr-305	481	5	using	use	VERB
ftr-305	481	6	u.s	u.s	PROPN
ftr-305	481	7	.	.	PROPN
ftr-305	481	8	reits	reits	PROPN
ftr-305	481	9	in	in	ADP
ftr-305	481	10	cross	cross	ADJ
ftr-305	481	11	-	-	ADJ
ftr-305	481	12	border	border	ADJ
ftr-305	481	13	transactions	transaction	NOUN
ftr-305	481	14	,	,	PUNCT
ftr-305	481	15	31	31	NUM
ftr-305	481	16	tax	tax	NOUN
ftr-305	481	17	notes	note	NOUN
ftr-305	481	18	int’l	int’l	ADJ
ftr-305	481	19	147–57	147–57	PROPN
ftr-305	481	20	(	(	PUNCT
ftr-305	481	21	july	july	PROPN
ftr-305	481	22	14	14	NUM
ftr-305	481	23	,	,	PUNCT
ftr-305	481	24	2003	2003	NUM
ftr-305	481	25	)	)	PUNCT
ftr-305	482	1	[	[	X
ftr-305	482	2	hereinafter	hereinafter	NOUN
ftr-305	482	3	platt	platt	NOUN
ftr-305	482	4	,	,	PUNCT
ftr-305	482	5	cross	cross	ADJ
ftr-305	482	6	-	-	ADJ
ftr-305	482	7	border	border	ADJ
ftr-305	482	8	transactions	transaction	NOUN
ftr-305	482	9	]	]	PUNCT
ftr-305	482	10	;	;	PUNCT
ftr-305	482	11	see	see	VERB
ftr-305	482	12	also	also	ADV
ftr-305	482	13	,	,	PUNCT
ftr-305	482	14	stanley	stanley	PROPN
ftr-305	482	15	l.	l.	PROPN
ftr-305	482	16	blend	blend	PROPN
ftr-305	482	17	,	,	PUNCT
ftr-305	482	18	aba	aba	PROPN
ftr-305	482	19	members	member	NOUN
ftr-305	482	20	comment	comment	VERB
ftr-305	482	21	on	on	ADP
ftr-305	482	22	guidance	guidance	NOUN
ftr-305	482	23	addressing	addressing	NOUN
ftr-305	482	24	distributions	distribution	NOUN
ftr-305	482	25	between	between	ADP
ftr-305	482	26	foreign	foreign	ADJ
ftr-305	482	27	governments	government	NOUN
ftr-305	482	28	,	,	PUNCT
ftr-305	482	29	reits	reit	NOUN
ftr-305	482	30	,	,	PUNCT
ftr-305	482	31	2008	2008	NUM
ftr-305	482	32	tnt	tnt	PROPN
ftr-305	482	33	114	114	NUM
ftr-305	482	34	-	-	SYM
ftr-305	482	35	23	23	NUM
ftr-305	482	36	(	(	PUNCT
ftr-305	482	37	june	june	PROPN
ftr-305	482	38	12	12	NUM
ftr-305	482	39	,	,	PUNCT
ftr-305	482	40	2008	2008	NUM
ftr-305	482	41	)	)	PUNCT
ftr-305	483	1	[	[	X
ftr-305	483	2	hereinafter	hereinafter	NOUN
ftr-305	483	3	blend	blend	NOUN
ftr-305	483	4	,	,	PUNCT
ftr-305	483	5	aba	aba	PROPN
ftr-305	483	6	members	member	NOUN
ftr-305	483	7	comment	comment	VERB
ftr-305	483	8	]	]	X
ftr-305	483	9	.	.	PUNCT
ftr-305	484	1	98	98	NUM
ftr-305	484	2	.	.	PUNCT
ftr-305	485	1	plr	plr	NOUN
ftr-305	485	2	9016021	9016021	NUM
ftr-305	485	3	(	(	PUNCT
ftr-305	485	4	jan	jan	PROPN
ftr-305	485	5	.	.	PROPN
ftr-305	485	6	18	18	NUM
ftr-305	485	7	,	,	PUNCT
ftr-305	485	8	1990	1990	NUM
ftr-305	485	9	)	)	PUNCT
ftr-305	485	10	(	(	PUNCT
ftr-305	485	11	dealing	deal	VERB
ftr-305	485	12	with	with	ADP
ftr-305	485	13	the	the	DET
ftr-305	485	14	liquidating	liquidating	NOUN
ftr-305	485	15	distributions	distribution	NOUN
ftr-305	485	16	of	of	ADP
ftr-305	485	17	a	a	DET
ftr-305	485	18	foreign	foreign	ADJ
ftr-305	485	19	-	-	PUNCT
ftr-305	485	20	controlled	control	VERB
ftr-305	485	21	reit	reit	NOUN
ftr-305	485	22	that	that	PRON
ftr-305	485	23	was	be	AUX
ftr-305	485	24	largely	largely	ADV
ftr-305	485	25	owned	own	VERB
ftr-305	485	26	by	by	ADP
ftr-305	485	27	two	two	NUM
ftr-305	485	28	foreign	foreign	ADJ
ftr-305	485	29	pension	pension	NOUN
ftr-305	485	30	trusts	trust	NOUN
ftr-305	485	31	,	,	PUNCT
ftr-305	485	32	and	and	CCONJ
ftr-305	485	33	was	be	AUX
ftr-305	485	34	withdrawn	withdraw	VERB
ftr-305	485	35	by	by	ADP
ftr-305	485	36	plr	plr	NOUN
ftr-305	485	37	200453008	200453008	NUM
ftr-305	485	38	(	(	PUNCT
ftr-305	485	39	sept	sept	PROPN
ftr-305	485	40	.	.	PROPN
ftr-305	485	41	27	27	NUM
ftr-305	485	42	,	,	PUNCT
ftr-305	485	43	2004	2004	NUM
ftr-305	485	44	)	)	PUNCT
ftr-305	485	45	)	)	PUNCT
ftr-305	485	46	.	.	PUNCT
ftr-305	486	1	99	99	NUM
ftr-305	486	2	.	.	X
ftr-305	486	3	2007	2007	NUM
ftr-305	486	4	-	-	SYM
ftr-305	486	5	2	2	NUM
ftr-305	486	6	c.b	c.b	PROPN
ftr-305	486	7	.	.	PROPN
ftr-305	486	8	13	13	NUM
ftr-305	486	9	.	.	PUNCT
ftr-305	487	1	more	more	ADV
ftr-305	487	2	precisely	precisely	ADV
ftr-305	487	3	,	,	PUNCT
ftr-305	487	4	the	the	DET
ftr-305	487	5	notice	notice	NOUN
ftr-305	487	6	applies	apply	VERB
ftr-305	487	7	to	to	ADP
ftr-305	487	8	any	any	DET
ftr-305	487	9	distribution	distribution	NOUN
ftr-305	487	10	covered	cover	VERB
ftr-305	487	11	by	by	ADP
ftr-305	487	12	sections	section	NOUN
ftr-305	487	13	301	301	NUM
ftr-305	487	14	,	,	PUNCT
ftr-305	487	15	302	302	NUM
ftr-305	487	16	,	,	PUNCT
ftr-305	487	17	332	332	NUM
ftr-305	487	18	or	or	CCONJ
ftr-305	487	19	332	332	NUM
ftr-305	487	20	.	.	NUM
ftr-305	488	1	26	26	NUM
ftr-305	488	2	florida	florida	PROPN
ftr-305	488	3	tax	tax	NOUN
ftr-305	488	4	review	review	NOUN
ftr-305	488	5	[	[	X
ftr-305	488	6	vol	vol	NOUN
ftr-305	488	7	.	.	PUNCT
ftr-305	489	1	14:1	14:1	NUM
ftr-305	489	2	would	would	AUX
ftr-305	489	3	not	not	PART
ftr-305	489	4	be	be	AUX
ftr-305	489	5	subject	subject	ADJ
ftr-305	489	6	to	to	ADP
ftr-305	489	7	tax100	tax100	PROPN
ftr-305	489	8	because	because	SCONJ
ftr-305	489	9	of	of	ADP
ftr-305	489	10	the	the	DET
ftr-305	489	11	exclusion	exclusion	NOUN
ftr-305	489	12	from	from	ADP
ftr-305	489	13	the	the	DET
ftr-305	489	14	section	section	NOUN
ftr-305	489	15	897(h	897(h	PROPN
ftr-305	489	16	)	)	PUNCT
ftr-305	489	17	distribution	distribution	NOUN
ftr-305	489	18	look	look	VERB
ftr-305	489	19	through	through	ADP
ftr-305	489	20	rule	rule	NOUN
ftr-305	489	21	for	for	ADP
ftr-305	489	22	distributions	distribution	NOUN
ftr-305	489	23	of	of	ADP
ftr-305	489	24	gain	gain	NOUN
ftr-305	489	25	to	to	ADP
ftr-305	489	26	a	a	DET
ftr-305	489	27	holder	holder	NOUN
ftr-305	489	28	of	of	ADP
ftr-305	489	29	a	a	DET
ftr-305	489	30	5	5	NUM
ftr-305	489	31	percent	percent	NOUN
ftr-305	489	32	or	or	CCONJ
ftr-305	489	33	smaller	small	ADJ
ftr-305	489	34	interest	interest	NOUN
ftr-305	489	35	and	and	CCONJ
ftr-305	489	36	because	because	SCONJ
ftr-305	489	37	it	it	PRON
ftr-305	489	38	was	be	AUX
ftr-305	489	39	a	a	DET
ftr-305	489	40	sale	sale	NOUN
ftr-305	489	41	or	or	CCONJ
ftr-305	489	42	exchange	exchange	NOUN
ftr-305	489	43	by	by	ADP
ftr-305	489	44	the	the	DET
ftr-305	489	45	shareholder	shareholder	NOUN
ftr-305	489	46	and	and	CCONJ
ftr-305	489	47	not	not	PART
ftr-305	489	48	a	a	DET
ftr-305	489	49	dividend.101	dividend.101	NOUN
ftr-305	489	50	the	the	DET
ftr-305	489	51	notice	notice	NOUN
ftr-305	489	52	has	have	AUX
ftr-305	489	53	been	be	AUX
ftr-305	489	54	criticized	criticize	VERB
ftr-305	489	55	by	by	ADP
ftr-305	489	56	the	the	DET
ftr-305	489	57	national	national	PROPN
ftr-305	489	58	association	association	PROPN
ftr-305	489	59	of	of	ADP
ftr-305	489	60	real	real	ADJ
ftr-305	489	61	estate	estate	NOUN
ftr-305	489	62	investment	investment	NOUN
ftr-305	489	63	trusts	trust	NOUN
ftr-305	489	64	,	,	PUNCT
ftr-305	489	65	the	the	DET
ftr-305	489	66	aba	aba	PROPN
ftr-305	489	67	section	section	NOUN
ftr-305	489	68	on	on	ADP
ftr-305	489	69	taxation	taxation	NOUN
ftr-305	489	70	,	,	PUNCT
ftr-305	489	71	and	and	CCONJ
ftr-305	489	72	others,102	others,102	ADV
ftr-305	489	73	largely	largely	ADV
ftr-305	489	74	on	on	ADP
ftr-305	489	75	the	the	DET
ftr-305	489	76	basis	basis	NOUN
ftr-305	489	77	that	that	SCONJ
ftr-305	489	78	it	it	PRON
ftr-305	489	79	misinterprets	misinterpret	VERB
ftr-305	489	80	the	the	DET
ftr-305	489	81	words	word	NOUN
ftr-305	489	82	of	of	ADP
ftr-305	489	83	the	the	DET
ftr-305	489	84	statute	statute	NOUN
ftr-305	489	85	(	(	PUNCT
ftr-305	489	86	specifically	specifically	ADV
ftr-305	489	87	,	,	PUNCT
ftr-305	489	88	what	what	PRON
ftr-305	489	89	is	be	AUX
ftr-305	489	90	a	a	DET
ftr-305	489	91	“	"	PUNCT
ftr-305	489	92	distribution	distribution	NOUN
ftr-305	489	93	”	"	PUNCT
ftr-305	489	94	)	)	PUNCT
ftr-305	489	95	or	or	CCONJ
ftr-305	489	96	does	do	AUX
ftr-305	489	97	not	not	PART
ftr-305	489	98	conform	conform	VERB
ftr-305	489	99	the	the	DET
ftr-305	489	100	treatment	treatment	NOUN
ftr-305	489	101	of	of	ADP
ftr-305	489	102	distributions	distribution	NOUN
ftr-305	489	103	to	to	ADP
ftr-305	489	104	shareholders	shareholder	NOUN
ftr-305	489	105	to	to	ADP
ftr-305	489	106	the	the	DET
ftr-305	489	107	exemption	exemption	NOUN
ftr-305	489	108	provided	provide	VERB
ftr-305	489	109	for	for	ADP
ftr-305	489	110	sales	sale	NOUN
ftr-305	489	111	of	of	ADP
ftr-305	489	112	shares	share	NOUN
ftr-305	489	113	of	of	ADP
ftr-305	489	114	a	a	DET
ftr-305	489	115	domesticallycontrolled	domesticallycontrolle	VERB
ftr-305	489	116	reit	reit	NOUN
ftr-305	489	117	.	.	PUNCT
ftr-305	490	1	none	none	NOUN
ftr-305	490	2	seem	seem	VERB
ftr-305	490	3	to	to	PART
ftr-305	490	4	suggest	suggest	VERB
ftr-305	490	5	that	that	SCONJ
ftr-305	490	6	the	the	DET
ftr-305	490	7	result	result	NOUN
ftr-305	490	8	is	be	AUX
ftr-305	490	9	bad	bad	ADJ
ftr-305	490	10	tax	tax	NOUN
ftr-305	490	11	policy	policy	NOUN
ftr-305	490	12	and	and	CCONJ
ftr-305	490	13	,	,	PUNCT
ftr-305	490	14	indeed	indeed	ADV
ftr-305	490	15	,	,	PUNCT
ftr-305	490	16	it	it	PRON
ftr-305	490	17	is	be	AUX
ftr-305	490	18	hard	hard	ADJ
ftr-305	490	19	to	to	PART
ftr-305	490	20	see	see	VERB
ftr-305	490	21	how	how	SCONJ
ftr-305	490	22	a	a	DET
ftr-305	490	23	persuasive	persuasive	ADJ
ftr-305	490	24	policy	policy	NOUN
ftr-305	490	25	argument	argument	NOUN
ftr-305	490	26	can	can	AUX
ftr-305	490	27	be	be	AUX
ftr-305	490	28	made	make	VERB
ftr-305	490	29	for	for	ADP
ftr-305	490	30	exempting	exempt	VERB
ftr-305	490	31	the	the	DET
ftr-305	490	32	distributions	distribution	NOUN
ftr-305	490	33	targeted	target	VERB
ftr-305	490	34	by	by	ADP
ftr-305	490	35	the	the	DET
ftr-305	490	36	notice	notice	NOUN
ftr-305	490	37	from	from	ADP
ftr-305	490	38	tax	tax	NOUN
ftr-305	490	39	if	if	SCONJ
ftr-305	490	40	the	the	DET
ftr-305	490	41	starting	starting	NOUN
ftr-305	490	42	point	point	NOUN
ftr-305	490	43	is	be	AUX
ftr-305	490	44	a	a	DET
ftr-305	490	45	comparison	comparison	NOUN
ftr-305	490	46	with	with	ADP
ftr-305	490	47	the	the	DET
ftr-305	490	48	treatment	treatment	NOUN
ftr-305	490	49	of	of	ADP
ftr-305	490	50	direct	direct	ADJ
ftr-305	490	51	investment	investment	NOUN
ftr-305	490	52	or	or	CCONJ
ftr-305	490	53	investment	investment	NOUN
ftr-305	490	54	through	through	ADP
ftr-305	490	55	a	a	DET
ftr-305	490	56	partnership.103	partnership.103	NOUN
ftr-305	490	57	if	if	SCONJ
ftr-305	490	58	gain	gain	NOUN
ftr-305	490	59	from	from	ADP
ftr-305	490	60	an	an	DET
ftr-305	490	61	investment	investment	NOUN
ftr-305	490	62	in	in	ADP
ftr-305	490	63	usrp	usrp	NOUN
ftr-305	490	64	that	that	PRON
ftr-305	490	65	is	be	AUX
ftr-305	490	66	made	make	VERB
ftr-305	490	67	directly	directly	ADV
ftr-305	490	68	or	or	CCONJ
ftr-305	490	69	through	through	ADP
ftr-305	490	70	a	a	DET
ftr-305	490	71	partnership	partnership	NOUN
ftr-305	490	72	is	be	AUX
ftr-305	490	73	taxed	tax	VERB
ftr-305	490	74	,	,	PUNCT
ftr-305	490	75	why	why	SCONJ
ftr-305	490	76	should	should	AUX
ftr-305	490	77	the	the	DET
ftr-305	490	78	result	result	NOUN
ftr-305	490	79	differ	differ	VERB
ftr-305	490	80	for	for	ADP
ftr-305	490	81	an	an	DET
ftr-305	490	82	investment	investment	NOUN
ftr-305	490	83	in	in	ADP
ftr-305	490	84	a	a	DET
ftr-305	490	85	reit	reit	NOUN
ftr-305	490	86	?	?	PUNCT
ftr-305	491	1	the	the	DET
ftr-305	491	2	only	only	ADJ
ftr-305	491	3	argument	argument	NOUN
ftr-305	491	4	seems	seem	VERB
ftr-305	491	5	to	to	PART
ftr-305	491	6	be	be	AUX
ftr-305	491	7	that	that	SCONJ
ftr-305	491	8	a	a	DET
ftr-305	491	9	reit	reit	NOUN
ftr-305	491	10	is	be	AUX
ftr-305	491	11	just	just	ADV
ftr-305	491	12	different.104	different.104	PROPN
ftr-305	491	13	100	100	NUM
ftr-305	491	14	.	.	PUNCT
ftr-305	492	1	see	see	VERB
ftr-305	492	2	i.r.s	i.r.s	PROPN
ftr-305	492	3	.	.	PUNCT
ftr-305	493	1	advice	advice	NOUN
ftr-305	493	2	memorandum	memorandum	NOUN
ftr-305	493	3	2008	2008	NUM
ftr-305	493	4	-	-	SYM
ftr-305	493	5	03	03	NUM
ftr-305	493	6	(	(	PUNCT
ftr-305	493	7	feb	feb	PROPN
ftr-305	493	8	.	.	PROPN
ftr-305	493	9	15	15	NUM
ftr-305	493	10	,	,	PUNCT
ftr-305	493	11	2008	2008	NUM
ftr-305	493	12	)	)	PUNCT
ftr-305	493	13	(	(	PUNCT
ftr-305	493	14	dealing	deal	VERB
ftr-305	493	15	with	with	ADP
ftr-305	493	16	a	a	DET
ftr-305	493	17	complete	complete	ADJ
ftr-305	493	18	liquidation	liquidation	NOUN
ftr-305	493	19	under	under	ADP
ftr-305	493	20	section	section	NOUN
ftr-305	493	21	331	331	NUM
ftr-305	493	22	)	)	PUNCT
ftr-305	493	23	.	.	PUNCT
ftr-305	494	1	101	101	NUM
ftr-305	494	2	.	.	PUNCT
ftr-305	495	1	see	see	VERB
ftr-305	495	2	,	,	PUNCT
ftr-305	495	3	e.g.	e.g.	ADV
ftr-305	495	4	,	,	PUNCT
ftr-305	495	5	i.r.c	i.r.c	NOUN
ftr-305	495	6	.	.	PUNCT
ftr-305	496	1	§	§	PROPN
ftr-305	496	2	§	§	PROPN
ftr-305	496	3	857(b)(3)(f	857(b)(3)(f	NUM
ftr-305	496	4	)	)	PUNCT
ftr-305	496	5	,	,	PUNCT
ftr-305	496	6	852(b)(3)(d	852(b)(3)(d	NUM
ftr-305	496	7	)	)	PUNCT
ftr-305	496	8	(	(	PUNCT
ftr-305	496	9	treating	treat	VERB
ftr-305	496	10	capital	capital	NOUN
ftr-305	496	11	gain	gain	NOUN
ftr-305	496	12	distributions	distribution	NOUN
ftr-305	496	13	by	by	ADP
ftr-305	496	14	a	a	DET
ftr-305	496	15	reit	reit	NOUN
ftr-305	496	16	or	or	CCONJ
ftr-305	496	17	ric	ric	VERB
ftr-305	496	18	to	to	ADP
ftr-305	496	19	a	a	DET
ftr-305	496	20	shareholder	shareholder	NOUN
ftr-305	496	21	eligible	eligible	ADJ
ftr-305	496	22	for	for	ADP
ftr-305	496	23	the	the	DET
ftr-305	496	24	5	5	NUM
ftr-305	496	25	percent	percent	NOUN
ftr-305	496	26	or	or	CCONJ
ftr-305	496	27	smaller	small	ADJ
ftr-305	496	28	interest	interest	NOUN
ftr-305	496	29	in	in	ADP
ftr-305	496	30	regularly	regularly	ADV
ftr-305	496	31	traded	trade	VERB
ftr-305	496	32	shares	share	NOUN
ftr-305	496	33	as	as	ADP
ftr-305	496	34	ordinary	ordinary	ADJ
ftr-305	496	35	dividends	dividend	NOUN
ftr-305	496	36	)	)	PUNCT
ftr-305	496	37	.	.	PUNCT
ftr-305	497	1	102	102	NUM
ftr-305	497	2	.	.	PUNCT
ftr-305	498	1	e.g.	e.g.	ADV
ftr-305	498	2	,	,	PUNCT
ftr-305	498	3	jeffrey	jeffrey	PROPN
ftr-305	498	4	d.	d.	PROPN
ftr-305	498	5	deboer	deboer	PROPN
ftr-305	498	6	,	,	PUNCT
ftr-305	498	7	real	real	ADJ
ftr-305	498	8	estate	estate	NOUN
ftr-305	498	9	group	group	NOUN
ftr-305	498	10	seeks	seek	VERB
ftr-305	498	11	withdrawal	withdrawal	NOUN
ftr-305	498	12	of	of	ADP
ftr-305	498	13	guidance	guidance	NOUN
ftr-305	498	14	on	on	ADP
ftr-305	498	15	treatment	treatment	NOUN
ftr-305	498	16	of	of	ADP
ftr-305	498	17	some	some	DET
ftr-305	498	18	liquidating	liquidating	NOUN
ftr-305	498	19	distributions	distribution	NOUN
ftr-305	498	20	,	,	PUNCT
ftr-305	498	21	2012	2012	NUM
ftr-305	498	22	tnt	tnt	PROPN
ftr-305	498	23	114	114	NUM
ftr-305	498	24	-	-	SYM
ftr-305	498	25	13	13	NUM
ftr-305	498	26	(	(	PUNCT
ftr-305	498	27	june	june	PROPN
ftr-305	498	28	13	13	NUM
ftr-305	498	29	,	,	PUNCT
ftr-305	498	30	2012	2012	NUM
ftr-305	498	31	)	)	PUNCT
ftr-305	498	32	.	.	PUNCT
ftr-305	499	1	103	103	NUM
ftr-305	499	2	.	.	PUNCT
ftr-305	500	1	separately	separately	ADV
ftr-305	500	2	,	,	PUNCT
ftr-305	500	3	notice	notice	VERB
ftr-305	500	4	2007	2007	NUM
ftr-305	500	5	-	-	SYM
ftr-305	500	6	55	55	NUM
ftr-305	500	7	concluded	conclude	VERB
ftr-305	500	8	that	that	SCONJ
ftr-305	500	9	,	,	PUNCT
ftr-305	500	10	if	if	SCONJ
ftr-305	500	11	a	a	DET
ftr-305	500	12	foreign	foreign	ADJ
ftr-305	500	13	government	government	NOUN
ftr-305	500	14	was	be	AUX
ftr-305	500	15	a	a	DET
ftr-305	500	16	shareholder	shareholder	NOUN
ftr-305	500	17	,	,	PUNCT
ftr-305	500	18	section	section	NOUN
ftr-305	500	19	892	892	NUM
ftr-305	500	20	did	do	AUX
ftr-305	500	21	not	not	PART
ftr-305	500	22	exempt	exempt	VERB
ftr-305	500	23	gain	gain	NOUN
ftr-305	500	24	from	from	ADP
ftr-305	500	25	a	a	DET
ftr-305	500	26	liquidating	liquidate	VERB
ftr-305	500	27	distribution	distribution	NOUN
ftr-305	500	28	from	from	ADP
ftr-305	500	29	the	the	DET
ftr-305	500	30	tax	tax	NOUN
ftr-305	500	31	that	that	PRON
ftr-305	500	32	would	would	AUX
ftr-305	500	33	result	result	VERB
ftr-305	500	34	from	from	ADP
ftr-305	500	35	applying	apply	VERB
ftr-305	500	36	section	section	NOUN
ftr-305	500	37	897(h)(1	897(h)(1	NOUN
ftr-305	500	38	)	)	PUNCT
ftr-305	500	39	to	to	ADP
ftr-305	500	40	the	the	DET
ftr-305	500	41	distribution	distribution	NOUN
ftr-305	500	42	.	.	PUNCT
ftr-305	501	1	this	this	DET
ftr-305	501	2	too	too	ADV
ftr-305	501	3	provoked	provoked	ADJ
ftr-305	501	4	dissent	dissent	NOUN
ftr-305	501	5	.	.	PUNCT
ftr-305	502	1	see	see	VERB
ftr-305	502	2	,	,	PUNCT
ftr-305	502	3	e.g.	e.g.	ADV
ftr-305	502	4	,	,	PUNCT
ftr-305	502	5	benita	benita	PROPN
ftr-305	502	6	warmbold	warmbold	PROPN
ftr-305	502	7	,	,	PUNCT
ftr-305	502	8	canada	canada	PROPN
ftr-305	502	9	’s	’s	PART
ftr-305	502	10	pension	pension	NOUN
ftr-305	502	11	investment	investment	NOUN
ftr-305	502	12	board	board	NOUN
ftr-305	502	13	comments	comment	NOUN
ftr-305	502	14	on	on	ADP
ftr-305	502	15	guidance	guidance	NOUN
ftr-305	502	16	on	on	ADP
ftr-305	502	17	distributions	distribution	NOUN
ftr-305	502	18	between	between	ADP
ftr-305	502	19	foreign	foreign	ADJ
ftr-305	502	20	governments	government	NOUN
ftr-305	502	21	,	,	PUNCT
ftr-305	502	22	reits	reit	NOUN
ftr-305	502	23	,	,	PUNCT
ftr-305	502	24	2008	2008	NUM
ftr-305	502	25	tnt	tnt	NOUN
ftr-305	502	26	215	215	NUM
ftr-305	502	27	-	-	SYM
ftr-305	502	28	10	10	NUM
ftr-305	502	29	(	(	PUNCT
ftr-305	502	30	nov	nov	PROPN
ftr-305	502	31	.	.	PROPN
ftr-305	502	32	5	5	NUM
ftr-305	502	33	,	,	PUNCT
ftr-305	502	34	2008	2008	NUM
ftr-305	502	35	)	)	PUNCT
ftr-305	502	36	;	;	PUNCT
ftr-305	502	37	ng	ng	PROPN
ftr-305	502	38	kok	kok	PROPN
ftr-305	502	39	song	song	PROPN
ftr-305	502	40	,	,	PUNCT
ftr-305	502	41	investment	investment	NOUN
ftr-305	502	42	company	company	NOUN
ftr-305	502	43	criticizes	criticize	VERB
ftr-305	502	44	guidance	guidance	NOUN
ftr-305	502	45	addressing	addressing	NOUN
ftr-305	502	46	distributions	distribution	NOUN
ftr-305	502	47	between	between	ADP
ftr-305	502	48	foreign	foreign	ADJ
ftr-305	502	49	governments	government	NOUN
ftr-305	502	50	,	,	PUNCT
ftr-305	502	51	reits	reit	NOUN
ftr-305	502	52	,	,	PUNCT
ftr-305	502	53	2008	2008	NUM
ftr-305	502	54	tnt	tnt	PROPN
ftr-305	502	55	161	161	NUM
ftr-305	502	56	-	-	SYM
ftr-305	502	57	15	15	NUM
ftr-305	502	58	(	(	PUNCT
ftr-305	502	59	aug	aug	PROPN
ftr-305	502	60	.	.	PROPN
ftr-305	502	61	19	19	NUM
ftr-305	502	62	,	,	PUNCT
ftr-305	502	63	2008	2008	NUM
ftr-305	502	64	)	)	PUNCT
ftr-305	502	65	;	;	PUNCT
ftr-305	502	66	roger	roger	PROPN
ftr-305	502	67	robineau	robineau	PROPN
ftr-305	502	68	,	,	PUNCT
ftr-305	502	69	canadian	canadian	ADJ
ftr-305	502	70	pension	pension	NOUN
ftr-305	502	71	association	association	NOUN
ftr-305	502	72	criticizes	criticize	VERB
ftr-305	502	73	guidance	guidance	NOUN
ftr-305	502	74	on	on	ADP
ftr-305	502	75	distributions	distribution	NOUN
ftr-305	502	76	between	between	ADP
ftr-305	502	77	foreign	foreign	ADJ
ftr-305	502	78	governments	government	NOUN
ftr-305	502	79	,	,	PUNCT
ftr-305	502	80	reits	reit	NOUN
ftr-305	502	81	,	,	PUNCT
ftr-305	502	82	2008	2008	NUM
ftr-305	502	83	tnt	tnt	NOUN
ftr-305	502	84	248	248	NUM
ftr-305	502	85	-	-	SYM
ftr-305	502	86	20	20	NUM
ftr-305	502	87	(	(	PUNCT
ftr-305	502	88	dec	dec	PROPN
ftr-305	502	89	.	.	PROPN
ftr-305	502	90	24	24	NUM
ftr-305	502	91	,	,	PUNCT
ftr-305	502	92	2008	2008	NUM
ftr-305	502	93	)	)	PUNCT
ftr-305	502	94	.	.	PUNCT
ftr-305	503	1	104	104	X
ftr-305	503	2	.	.	PUNCT
ftr-305	504	1	see	see	VERB
ftr-305	504	2	kimberly	kimberly	PROPN
ftr-305	504	3	s.	s.	PROPN
ftr-305	504	4	blanchard	blanchard	PROPN
ftr-305	504	5	,	,	PUNCT
ftr-305	504	6	is	be	AUX
ftr-305	504	7	there	there	PRON
ftr-305	504	8	a	a	DET
ftr-305	504	9	firpta	firpta	NOUN
ftr-305	504	10	tax	tax	NOUN
ftr-305	504	11	on	on	ADP
ftr-305	504	12	reit	reit	PROPN
ftr-305	504	13	distributions	distribution	NOUN
ftr-305	504	14	,	,	PUNCT
ftr-305	504	15	112	112	NUM
ftr-305	504	16	tax	tax	NOUN
ftr-305	504	17	notes	note	NOUN
ftr-305	504	18	1071	1071	NUM
ftr-305	504	19	,	,	PUNCT
ftr-305	504	20	1072	1072	NUM
ftr-305	504	21	(	(	PUNCT
ftr-305	504	22	sept	sept	PROPN
ftr-305	504	23	.	.	PROPN
ftr-305	504	24	18	18	NUM
ftr-305	504	25	,	,	PUNCT
ftr-305	504	26	2006	2006	NUM
ftr-305	504	27	)	)	PUNCT
ftr-305	504	28	(	(	PUNCT
ftr-305	504	29	arguing	argue	VERB
ftr-305	504	30	that	that	SCONJ
ftr-305	504	31	“	"	PUNCT
ftr-305	504	32	[	[	X
ftr-305	504	33	a	a	X
ftr-305	504	34	]	]	X
ftr-305	504	35	reit	reit	NOUN
ftr-305	504	36	is	be	AUX
ftr-305	504	37	not	not	PART
ftr-305	504	38	a	a	DET
ftr-305	504	39	partnership	partnership	NOUN
ftr-305	504	40	or	or	CCONJ
ftr-305	504	41	passthrough	passthrough	NOUN
ftr-305	504	42	entity	entity	NOUN
ftr-305	504	43	.	.	PUNCT
ftr-305	505	1	it	it	PRON
ftr-305	505	2	is	be	AUX
ftr-305	505	3	a	a	DET
ftr-305	505	4	corporation	corporation	NOUN
ftr-305	505	5	and	and	CCONJ
ftr-305	505	6	thus	thus	ADV
ftr-305	505	7	a	a	DET
ftr-305	505	8	character	character	NOUN
ftr-305	505	9	converter	converter	NOUN
ftr-305	505	10	,	,	PUNCT
ftr-305	505	11	in	in	ADP
ftr-305	505	12	the	the	DET
ftr-305	505	13	sense	sense	NOUN
ftr-305	505	14	that	that	SCONJ
ftr-305	505	15	regardless	regardless	ADV
ftr-305	505	16	of	of	ADP
ftr-305	505	17	the	the	DET
ftr-305	505	18	type	type	NOUN
ftr-305	505	19	of	of	ADP
ftr-305	505	20	income	income	NOUN
ftr-305	505	21	it	it	PRON
ftr-305	505	22	earns	earn	VERB
ftr-305	505	23	,	,	PUNCT
ftr-305	505	24	its	its	PRON
ftr-305	505	25	distributions	distribution	NOUN
ftr-305	505	26	are	be	AUX
ftr-305	505	27	treated	treat	VERB
ftr-305	505	28	as	as	ADP
ftr-305	505	29	corporate	corporate	ADJ
ftr-305	505	30	distributions	distribution	NOUN
ftr-305	505	31	.	.	PUNCT
ftr-305	505	32	.	.	PUNCT
ftr-305	505	33	.	.	PUNCT
ftr-305	505	34	.	.	PUNCT
ftr-305	505	35	”	"	PUNCT
ftr-305	505	36	)	)	PUNCT
ftr-305	505	37	;	;	PUNCT
ftr-305	505	38	kimberly	kimberly	PROPN
ftr-305	505	39	s.	s.	PROPN
ftr-305	505	40	blanchard	blanchard	PROPN
ftr-305	505	41	,	,	PUNCT
ftr-305	505	42	notice	notice	VERB
ftr-305	505	43	2007	2007	NUM
ftr-305	505	44	-	-	SYM
ftr-305	505	45	55	55	NUM
ftr-305	505	46	rules	rule	NOUN
ftr-305	505	47	liquidating	liquidate	VERB
ftr-305	505	48	distributions	distribution	NOUN
ftr-305	505	49	from	from	ADP
ftr-305	505	50	reits	reit	NOUN
ftr-305	505	51	are	be	AUX
ftr-305	505	52	taxable	taxable	ADJ
ftr-305	505	53	under	under	ADP
ftr-305	505	54	§	§	PROPN
ftr-305	505	55	897(h)(1	897(h)(1	NOUN
ftr-305	505	56	)	)	PUNCT
ftr-305	505	57	,	,	PUNCT
ftr-305	505	58	36	36	NUM
ftr-305	505	59	tax	tax	NOUN
ftr-305	505	60	mgm’t	mgm’t	PROPN
ftr-305	505	61	int’l	int’l	NUM
ftr-305	505	62	j.	j.	PROPN
ftr-305	505	63	381	381	NUM
ftr-305	505	64	,	,	PUNCT
ftr-305	505	65	381	381	NUM
ftr-305	505	66	(	(	PUNCT
ftr-305	505	67	2007	2007	NUM
ftr-305	505	68	)	)	PUNCT
ftr-305	505	69	(	(	PUNCT
ftr-305	505	70	saying	say	VERB
ftr-305	505	71	the	the	DET
ftr-305	505	72	notice	notice	NOUN
ftr-305	505	73	is	be	AUX
ftr-305	505	74	“	"	PUNCT
ftr-305	505	75	clearly	clearly	ADV
ftr-305	505	76	incorrect	incorrect	ADJ
ftr-305	505	77	.	.	PUNCT
ftr-305	505	78	.	.	PUNCT
ftr-305	505	79	.	.	PUNCT
ftr-305	506	1	and	and	CCONJ
ftr-305	506	2	should	should	AUX
ftr-305	506	3	be	be	AUX
ftr-305	506	4	withdrawn	withdraw	VERB
ftr-305	506	5	”	"	PUNCT
ftr-305	506	6	)	)	PUNCT
ftr-305	506	7	;	;	PUNCT
ftr-305	506	8	robert	robert	PROPN
ftr-305	506	9	hanson	hanson	PROPN
ftr-305	506	10	,	,	PUNCT
ftr-305	506	11	ernst	ernst	PROPN
ftr-305	506	12	&	&	CCONJ
ftr-305	506	13	young	young	PROPN
ftr-305	506	14	,	,	PUNCT
ftr-305	506	15	seeks	seek	VERB
ftr-305	506	16	withdrawal	withdrawal	NOUN
ftr-305	506	17	of	of	ADP
ftr-305	506	18	guidance	guidance	NOUN
ftr-305	506	19	on	on	ADP
ftr-305	506	20	forthcoming	forthcoming	ADJ
ftr-305	506	21	regs	reg	NOUN
ftr-305	506	22	on	on	ADP
ftr-305	506	23	distributions	distribution	NOUN
ftr-305	506	24	between	between	ADP
ftr-305	506	25	foreign	foreign	ADJ
ftr-305	506	26	governments	government	NOUN
ftr-305	506	27	,	,	PUNCT
ftr-305	506	28	reits	reit	NOUN
ftr-305	506	29	,	,	PUNCT
ftr-305	506	30	2007	2007	NUM
ftr-305	506	31	tnt	tnt	PROPN
ftr-305	506	32	225	225	NUM
ftr-305	506	33	-	-	SYM
ftr-305	506	34	11	11	NUM
ftr-305	506	35	(	(	PUNCT
ftr-305	506	36	nov	nov	PROPN
ftr-305	506	37	.	.	PROPN
ftr-305	506	38	21	21	NUM
ftr-305	506	39	,	,	PUNCT
ftr-305	506	40	2007	2007	NUM
ftr-305	506	41	)	)	PUNCT
ftr-305	506	42	(	(	PUNCT
ftr-305	506	43	urging	urge	VERB
ftr-305	506	44	withdrawal	withdrawal	NOUN
ftr-305	506	45	of	of	ADP
ftr-305	506	46	notice	notice	NOUN
ftr-305	506	47	2007	2007	NUM
ftr-305	506	48	-	-	SYM
ftr-305	506	49	55	55	NUM
ftr-305	506	50	)	)	PUNCT
ftr-305	506	51	.	.	PUNCT
ftr-305	507	1	2013	2013	NUM
ftr-305	507	2	]	]	PUNCT
ftr-305	507	3	suppose	suppose	VERB
ftr-305	507	4	firpta	firpta	NOUN
ftr-305	507	5	was	be	AUX
ftr-305	507	6	repealed	repeal	VERB
ftr-305	507	7	27	27	NUM
ftr-305	507	8	comments	comment	NOUN
ftr-305	507	9	on	on	ADP
ftr-305	507	10	the	the	DET
ftr-305	507	11	notice	notice	NOUN
ftr-305	507	12	pointed	point	VERB
ftr-305	507	13	out	out	ADP
ftr-305	507	14	that	that	SCONJ
ftr-305	507	15	,	,	PUNCT
ftr-305	507	16	unless	unless	SCONJ
ftr-305	507	17	the	the	DET
ftr-305	507	18	notice	notice	NOUN
ftr-305	507	19	was	be	AUX
ftr-305	507	20	correct	correct	ADJ
ftr-305	507	21	(	(	PUNCT
ftr-305	507	22	and	and	CCONJ
ftr-305	507	23	wholly	wholly	ADV
ftr-305	507	24	apart	apart	ADV
ftr-305	507	25	from	from	ADP
ftr-305	507	26	distributions	distribution	NOUN
ftr-305	507	27	in	in	ADP
ftr-305	507	28	a	a	DET
ftr-305	507	29	liquidation	liquidation	NOUN
ftr-305	507	30	or	or	CCONJ
ftr-305	507	31	redemption	redemption	NOUN
ftr-305	507	32	of	of	ADP
ftr-305	507	33	shares	share	NOUN
ftr-305	507	34	of	of	ADP
ftr-305	507	35	a	a	DET
ftr-305	507	36	domestically	domestically	ADV
ftr-305	507	37	-	-	PUNCT
ftr-305	507	38	controlled	control	VERB
ftr-305	507	39	reit	reit	NOUN
ftr-305	507	40	)	)	PUNCT
ftr-305	507	41	,	,	PUNCT
ftr-305	507	42	foreign	foreign	ADJ
ftr-305	507	43	shareholders	shareholder	NOUN
ftr-305	507	44	of	of	ADP
ftr-305	507	45	a	a	DET
ftr-305	507	46	foreigncontrolled	foreigncontrolle	VERB
ftr-305	507	47	reit	reit	NOUN
ftr-305	507	48	could	could	AUX
ftr-305	507	49	arguably	arguably	ADV
ftr-305	507	50	avoid	avoid	VERB
ftr-305	507	51	firpta	firpta	NOUN
ftr-305	507	52	under	under	ADP
ftr-305	507	53	the	the	DET
ftr-305	507	54	“	"	PUNCT
ftr-305	507	55	cleansing	cleansing	NOUN
ftr-305	507	56	”	"	PUNCT
ftr-305	507	57	rule	rule	NOUN
ftr-305	507	58	if	if	SCONJ
ftr-305	507	59	the	the	DET
ftr-305	507	60	reit	reit	NOUN
ftr-305	507	61	disposed	dispose	VERB
ftr-305	507	62	of	of	ADP
ftr-305	507	63	all	all	PRON
ftr-305	507	64	of	of	ADP
ftr-305	507	65	its	its	PRON
ftr-305	507	66	interests	interest	NOUN
ftr-305	507	67	in	in	ADP
ftr-305	507	68	usrp	usrp	NOUN
ftr-305	507	69	in	in	ADP
ftr-305	507	70	gain	gain	NOUN
ftr-305	507	71	recognition	recognition	NOUN
ftr-305	507	72	transactions	transaction	NOUN
ftr-305	507	73	and	and	CCONJ
ftr-305	507	74	there	there	PRON
ftr-305	507	75	was	be	VERB
ftr-305	507	76	then	then	ADV
ftr-305	507	77	a	a	DET
ftr-305	507	78	complete	complete	ADJ
ftr-305	507	79	liquidation	liquidation	NOUN
ftr-305	507	80	of	of	ADP
ftr-305	507	81	the	the	DET
ftr-305	507	82	reit	reit	NOUN
ftr-305	507	83	.	.	PUNCT
ftr-305	508	1	even	even	ADV
ftr-305	508	2	critics	critic	NOUN
ftr-305	508	3	of	of	ADP
ftr-305	508	4	the	the	DET
ftr-305	508	5	notice	notice	NOUN
ftr-305	508	6	thought	thought	NOUN
ftr-305	508	7	that	that	DET
ftr-305	508	8	result	result	NOUN
ftr-305	508	9	went	go	VERB
ftr-305	508	10	too	too	ADV
ftr-305	508	11	far.105	far.105	ADJ
ftr-305	508	12	4	4	NUM
ftr-305	508	13	.	.	PUNCT
ftr-305	508	14	rics	rics	PROPN
ftr-305	508	15	a	a	DET
ftr-305	508	16	u.s	u.s	PROPN
ftr-305	508	17	.	.	PROPN
ftr-305	508	18	corporation	corporation	NOUN
ftr-305	508	19	may	may	AUX
ftr-305	508	20	elect	elect	VERB
ftr-305	508	21	to	to	PART
ftr-305	508	22	be	be	AUX
ftr-305	508	23	a	a	DET
ftr-305	508	24	ric	ric	NOUN
ftr-305	508	25	if	if	SCONJ
ftr-305	508	26	it	it	PRON
ftr-305	508	27	is	be	AUX
ftr-305	508	28	registered	register	VERB
ftr-305	508	29	under	under	ADP
ftr-305	508	30	the	the	DET
ftr-305	508	31	investment	investment	NOUN
ftr-305	508	32	company	company	NOUN
ftr-305	508	33	act	act	NOUN
ftr-305	508	34	of	of	ADP
ftr-305	508	35	1940	1940	NUM
ftr-305	508	36	(	(	PUNCT
ftr-305	508	37	ʼ40	ʼ40	PROPN
ftr-305	508	38	act	act	PROPN
ftr-305	508	39	)	)	PUNCT
ftr-305	508	40	as	as	ADP
ftr-305	508	41	a	a	DET
ftr-305	508	42	management	management	NOUN
ftr-305	508	43	company	company	NOUN
ftr-305	508	44	or	or	CCONJ
ftr-305	508	45	unit	unit	NOUN
ftr-305	508	46	investment	investment	NOUN
ftr-305	508	47	trust106	trust106	PROPN
ftr-305	509	1	and	and	CCONJ
ftr-305	509	2	it	it	PRON
ftr-305	509	3	meets	meet	VERB
ftr-305	509	4	certain	certain	ADJ
ftr-305	509	5	income	income	NOUN
ftr-305	509	6	,	,	PUNCT
ftr-305	509	7	assets	asset	NOUN
ftr-305	509	8	and	and	CCONJ
ftr-305	509	9	dividend	dividend	NOUN
ftr-305	509	10	distribution	distribution	NOUN
ftr-305	509	11	tests	test	NOUN
ftr-305	509	12	.	.	PUNCT
ftr-305	510	1	a	a	DET
ftr-305	510	2	ric	ric	PROPN
ftr-305	510	3	may	may	AUX
ftr-305	510	4	deduct	deduct	VERB
ftr-305	510	5	dividends	dividend	NOUN
ftr-305	510	6	to	to	ADP
ftr-305	510	7	shareholders	shareholder	NOUN
ftr-305	510	8	and	and	CCONJ
ftr-305	510	9	pass	pass	VERB
ftr-305	510	10	through	through	ADP
ftr-305	510	11	to	to	ADP
ftr-305	510	12	shareholders	shareholder	NOUN
ftr-305	510	13	capital	capital	NOUN
ftr-305	510	14	gains	gain	NOUN
ftr-305	510	15	and	and	CCONJ
ftr-305	510	16	certain	certain	ADJ
ftr-305	510	17	other	other	ADJ
ftr-305	510	18	items.107	items.107	NOUN
ftr-305	510	19	like	like	ADP
ftr-305	510	20	reits	reit	NOUN
ftr-305	510	21	,	,	PUNCT
ftr-305	510	22	rics	ric	NOUN
ftr-305	510	23	generally	generally	ADV
ftr-305	510	24	pay	pay	VERB
ftr-305	510	25	no	no	DET
ftr-305	510	26	tax	tax	NOUN
ftr-305	510	27	on	on	ADP
ftr-305	510	28	their	their	PRON
ftr-305	510	29	income	income	NOUN
ftr-305	510	30	or	or	CCONJ
ftr-305	510	31	gains	gain	NOUN
ftr-305	510	32	because	because	SCONJ
ftr-305	510	33	of	of	ADP
ftr-305	510	34	the	the	DET
ftr-305	510	35	deduction	deduction	NOUN
ftr-305	510	36	allowed	allow	VERB
ftr-305	510	37	for	for	ADP
ftr-305	510	38	dividends	dividend	NOUN
ftr-305	510	39	paid	pay	VERB
ftr-305	510	40	to	to	ADP
ftr-305	510	41	shareholders	shareholder	NOUN
ftr-305	510	42	.	.	PUNCT
ftr-305	511	1	some	some	DET
ftr-305	511	2	rics	ric	NOUN
ftr-305	511	3	—	—	PUNCT
ftr-305	511	4	so	so	ADV
ftr-305	511	5	-	-	PUNCT
ftr-305	511	6	called	call	VERB
ftr-305	511	7	“	"	PUNCT
ftr-305	511	8	mutual	mutual	ADJ
ftr-305	511	9	funds	fund	NOUN
ftr-305	511	10	for	for	ADP
ftr-305	511	11	real	real	ADJ
ftr-305	511	12	estate	estate	NOUN
ftr-305	511	13	,	,	PUNCT
ftr-305	511	14	”	"	PUNCT
ftr-305	511	15	although	although	SCONJ
ftr-305	511	16	there	there	PRON
ftr-305	511	17	are	be	VERB
ftr-305	511	18	also	also	ADV
ftr-305	511	19	closed	closed	ADJ
ftr-305	511	20	-	-	PUNCT
ftr-305	511	21	end	end	NOUN
ftr-305	511	22	and	and	CCONJ
ftr-305	511	23	exchange	exchange	NOUN
ftr-305	511	24	traded	trade	VERB
ftr-305	511	25	funds	fund	NOUN
ftr-305	511	26	that	that	PRON
ftr-305	511	27	make	make	VERB
ftr-305	511	28	the	the	DET
ftr-305	511	29	same	same	ADJ
ftr-305	511	30	investments	investment	NOUN
ftr-305	511	31	—	—	PUNCT
ftr-305	511	32	invest	invest	VERB
ftr-305	511	33	significantly	significantly	ADV
ftr-305	511	34	in	in	ADP
ftr-305	511	35	shares	share	NOUN
ftr-305	511	36	of	of	ADP
ftr-305	511	37	reits,108	reits,108	NOUN
ftr-305	511	38	and	and	CCONJ
ftr-305	511	39	as	as	ADP
ftr-305	511	40	a	a	DET
ftr-305	511	41	consequence	consequence	NOUN
ftr-305	511	42	may	may	AUX
ftr-305	511	43	be	be	AUX
ftr-305	511	44	usrphcs	usrphcs	ADJ
ftr-305	511	45	if	if	SCONJ
ftr-305	511	46	50	50	NUM
ftr-305	511	47	percent	percent	NOUN
ftr-305	511	48	or	or	CCONJ
ftr-305	511	49	more	more	ADJ
ftr-305	511	50	of	of	ADP
ftr-305	511	51	their	their	PRON
ftr-305	511	52	assets	asset	NOUN
ftr-305	511	53	are	be	AUX
ftr-305	511	54	interests	interest	NOUN
ftr-305	511	55	in	in	ADP
ftr-305	511	56	usrp	usrp	NOUN
ftr-305	511	57	(	(	PUNCT
ftr-305	511	58	determined	determine	VERB
ftr-305	511	59	without	without	ADP
ftr-305	511	60	regard	regard	NOUN
ftr-305	511	61	to	to	ADP
ftr-305	511	62	the	the	DET
ftr-305	511	63	exclusions	exclusion	NOUN
ftr-305	511	64	for	for	ADP
ftr-305	511	65	shares	share	NOUN
ftr-305	511	66	of	of	ADP
ftr-305	511	67	domestically	domestically	ADV
ftr-305	511	68	-	-	PUNCT
ftr-305	511	69	controlled	control	VERB
ftr-305	511	70	reit	reit	NOUN
ftr-305	511	71	or	or	CCONJ
ftr-305	511	72	publicly	publicly	ADV
ftr-305	511	73	-	-	PUNCT
ftr-305	511	74	traded	trade	VERB
ftr-305	511	75	shares	share	NOUN
ftr-305	511	76	of	of	ADP
ftr-305	511	77	a	a	DET
ftr-305	511	78	reit	reit	NOUN
ftr-305	511	79	held	hold	VERB
ftr-305	511	80	by	by	ADP
ftr-305	511	81	a	a	DET
ftr-305	511	82	5	5	NUM
ftr-305	511	83	percent	percent	NOUN
ftr-305	511	84	or	or	CCONJ
ftr-305	511	85	smaller	small	ADJ
ftr-305	511	86	shareholder).109	shareholder).109	VERB
ftr-305	511	87	in	in	ADP
ftr-305	511	88	2004	2004	NUM
ftr-305	511	89	,	,	PUNCT
ftr-305	511	90	the	the	DET
ftr-305	511	91	distribution	distribution	NOUN
ftr-305	511	92	look	look	VERB
ftr-305	511	93	through	through	ADP
ftr-305	511	94	rule	rule	NOUN
ftr-305	511	95	that	that	PRON
ftr-305	511	96	applies	apply	VERB
ftr-305	511	97	the	the	DET
ftr-305	511	98	firpta	firpta	NOUN
ftr-305	511	99	tax	tax	NOUN
ftr-305	511	100	to	to	ADP
ftr-305	511	101	distributions	distribution	NOUN
ftr-305	511	102	of	of	ADP
ftr-305	511	103	gain	gain	NOUN
ftr-305	511	104	realized	realize	VERB
ftr-305	511	105	by	by	ADP
ftr-305	511	106	a	a	DET
ftr-305	511	107	reit	reit	NOUN
ftr-305	511	108	from	from	ADP
ftr-305	511	109	the	the	DET
ftr-305	511	110	disposition	disposition	NOUN
ftr-305	511	111	of	of	ADP
ftr-305	511	112	interests	interest	NOUN
ftr-305	511	113	in	in	ADP
ftr-305	511	114	usrp	usrp	NOUN
ftr-305	511	115	,	,	PUNCT
ftr-305	511	116	the	the	DET
ftr-305	511	117	exception	exception	NOUN
ftr-305	511	118	to	to	ADP
ftr-305	511	119	that	that	DET
ftr-305	511	120	rule	rule	NOUN
ftr-305	511	121	for	for	ADP
ftr-305	511	122	distributions	distribution	NOUN
ftr-305	511	123	to	to	PART
ftr-305	511	124	5	5	NUM
ftr-305	511	125	percent	percent	NOUN
ftr-305	511	126	or	or	CCONJ
ftr-305	511	127	105	105	NUM
ftr-305	511	128	.	.	PUNCT
ftr-305	512	1	see	see	VERB
ftr-305	512	2	blend	blend	NOUN
ftr-305	512	3	,	,	PUNCT
ftr-305	512	4	aba	aba	PROPN
ftr-305	512	5	members	member	NOUN
ftr-305	512	6	comment	comment	VERB
ftr-305	512	7	,	,	PUNCT
ftr-305	512	8	supra	supra	PROPN
ftr-305	512	9	note	note	PROPN
ftr-305	512	10	97	97	NUM
ftr-305	512	11	(	(	PUNCT
ftr-305	512	12	describing	describe	VERB
ftr-305	512	13	this	this	PRON
ftr-305	512	14	as	as	ADP
ftr-305	512	15	“	"	PUNCT
ftr-305	512	16	a	a	DET
ftr-305	512	17	clear	clear	ADJ
ftr-305	512	18	loophole	loophole	NOUN
ftr-305	512	19	”	"	PUNCT
ftr-305	512	20	and	and	CCONJ
ftr-305	512	21	recommending	recommend	VERB
ftr-305	512	22	that	that	DET
ftr-305	512	23	notice	notice	NOUN
ftr-305	512	24	2007	2007	NUM
ftr-305	512	25	-	-	SYM
ftr-305	512	26	55	55	NUM
ftr-305	512	27	be	be	AUX
ftr-305	512	28	limited	limit	VERB
ftr-305	512	29	to	to	ADP
ftr-305	512	30	this	this	DET
ftr-305	512	31	case	case	NOUN
ftr-305	512	32	or	or	CCONJ
ftr-305	512	33	that	that	SCONJ
ftr-305	512	34	the	the	DET
ftr-305	512	35	treasury	treasury	NOUN
ftr-305	512	36	seek	seek	VERB
ftr-305	512	37	a	a	DET
ftr-305	512	38	legislative	legislative	ADJ
ftr-305	512	39	remedy	remedy	NOUN
ftr-305	512	40	)	)	PUNCT
ftr-305	512	41	;	;	PUNCT
ftr-305	512	42	tony	tony	PROPN
ftr-305	512	43	edwards	edwards	PROPN
ftr-305	512	44	,	,	PUNCT
ftr-305	512	45	nareit	nareit	PROPN
ftr-305	512	46	recommends	recommend	VERB
ftr-305	512	47	topics	topic	NOUN
ftr-305	512	48	for	for	ADP
ftr-305	512	49	irs	irs	PROPN
ftr-305	512	50	’s	’s	PART
ftr-305	512	51	guidance	guidance	NOUN
ftr-305	512	52	priority	priority	NOUN
ftr-305	512	53	list	list	NOUN
ftr-305	512	54	,	,	PUNCT
ftr-305	512	55	2012	2012	NUM
ftr-305	512	56	tnt	tnt	PROPN
ftr-305	512	57	95	95	NUM
ftr-305	512	58	-	-	SYM
ftr-305	512	59	23	23	NUM
ftr-305	512	60	(	(	PUNCT
ftr-305	512	61	may	may	PROPN
ftr-305	512	62	16	16	NUM
ftr-305	512	63	,	,	PUNCT
ftr-305	512	64	2012	2012	NUM
ftr-305	512	65	)	)	PUNCT
ftr-305	512	66	(	(	PUNCT
ftr-305	512	67	expressing	express	VERB
ftr-305	512	68	the	the	DET
ftr-305	512	69	view	view	NOUN
ftr-305	512	70	that	that	SCONJ
ftr-305	512	71	“	"	PUNCT
ftr-305	512	72	notice	notice	VERB
ftr-305	512	73	2007	2007	NUM
ftr-305	512	74	-	-	SYM
ftr-305	512	75	55	55	NUM
ftr-305	512	76	should	should	AUX
ftr-305	512	77	be	be	AUX
ftr-305	512	78	reversed	reverse	VERB
ftr-305	512	79	except	except	SCONJ
ftr-305	512	80	”	"	PUNCT
ftr-305	512	81	in	in	ADP
ftr-305	512	82	the	the	DET
ftr-305	512	83	cleansing	cleansing	NOUN
ftr-305	512	84	exception	exception	NOUN
ftr-305	512	85	case	case	NOUN
ftr-305	512	86	identified	identify	VERB
ftr-305	512	87	by	by	ADP
ftr-305	512	88	the	the	DET
ftr-305	512	89	aba	aba	PROPN
ftr-305	512	90	section	section	NOUN
ftr-305	512	91	on	on	ADP
ftr-305	512	92	taxation	taxation	NOUN
ftr-305	512	93	,	,	PUNCT
ftr-305	512	94	and	and	CCONJ
ftr-305	512	95	arguing	argue	VERB
ftr-305	512	96	that	that	SCONJ
ftr-305	512	97	in	in	ADP
ftr-305	512	98	other	other	ADJ
ftr-305	512	99	cases	case	NOUN
ftr-305	512	100	there	there	PRON
ftr-305	512	101	should	should	AUX
ftr-305	512	102	be	be	AUX
ftr-305	512	103	no	no	DET
ftr-305	512	104	firpta	firpta	NOUN
ftr-305	512	105	tax	tax	NOUN
ftr-305	512	106	on	on	ADP
ftr-305	512	107	distributions	distribution	NOUN
ftr-305	512	108	on	on	ADP
ftr-305	512	109	shares	share	NOUN
ftr-305	512	110	that	that	PRON
ftr-305	512	111	could	could	AUX
ftr-305	512	112	be	be	AUX
ftr-305	512	113	disposed	dispose	VERB
ftr-305	512	114	of	of	ADP
ftr-305	512	115	without	without	ADP
ftr-305	512	116	tax	tax	NOUN
ftr-305	512	117	because	because	SCONJ
ftr-305	512	118	of	of	ADP
ftr-305	512	119	the	the	DET
ftr-305	512	120	domestically	domestically	ADV
ftr-305	512	121	–	–	PUNCT
ftr-305	512	122	controlled	control	VERB
ftr-305	512	123	exception	exception	NOUN
ftr-305	512	124	)	)	PUNCT
ftr-305	512	125	.	.	PUNCT
ftr-305	513	1	106	106	NUM
ftr-305	513	2	.	.	PUNCT
ftr-305	514	1	or	or	CCONJ
ftr-305	514	2	as	as	ADP
ftr-305	514	3	a	a	DET
ftr-305	514	4	business	business	NOUN
ftr-305	514	5	development	development	NOUN
ftr-305	514	6	company	company	NOUN
ftr-305	514	7	.	.	PUNCT
ftr-305	515	1	certain	certain	ADJ
ftr-305	515	2	common	common	ADJ
ftr-305	515	3	trust	trust	NOUN
ftr-305	515	4	or	or	CCONJ
ftr-305	515	5	similar	similar	ADJ
ftr-305	515	6	funds	fund	NOUN
ftr-305	515	7	may	may	AUX
ftr-305	515	8	also	also	ADV
ftr-305	515	9	qualify	qualify	VERB
ftr-305	515	10	.	.	PUNCT
ftr-305	516	1	i.r.c	i.r.c	NOUN
ftr-305	516	2	.	.	PUNCT
ftr-305	517	1	§	§	PROPN
ftr-305	517	2	851(a)(1	851(a)(1	NUM
ftr-305	517	3	)	)	PUNCT
ftr-305	517	4	.	.	PUNCT
ftr-305	518	1	107	107	NUM
ftr-305	518	2	.	.	PUNCT
ftr-305	519	1	see	see	VERB
ftr-305	519	2	generally	generally	ADV
ftr-305	519	3	staffaroni	staffaroni	ADJ
ftr-305	519	4	,	,	PUNCT
ftr-305	519	5	foreign	foreign	ADJ
ftr-305	519	6	investors	investor	NOUN
ftr-305	519	7	,	,	PUNCT
ftr-305	519	8	supra	supra	PROPN
ftr-305	519	9	note	note	PROPN
ftr-305	519	10	86	86	NUM
ftr-305	519	11	.	.	PUNCT
ftr-305	520	1	other	other	ADJ
ftr-305	520	2	pass	pass	VERB
ftr-305	520	3	through	through	ADP
ftr-305	520	4	items	item	NOUN
ftr-305	520	5	are	be	AUX
ftr-305	520	6	“	"	PUNCT
ftr-305	520	7	qualified	qualified	ADJ
ftr-305	520	8	”	"	PUNCT
ftr-305	520	9	dividend	dividend	NOUN
ftr-305	520	10	income	income	NOUN
ftr-305	520	11	,	,	PUNCT
ftr-305	520	12	the	the	DET
ftr-305	520	13	foreign	foreign	ADJ
ftr-305	520	14	tax	tax	NOUN
ftr-305	520	15	credit	credit	NOUN
ftr-305	520	16	,	,	PUNCT
ftr-305	520	17	the	the	DET
ftr-305	520	18	dividends	dividend	NOUN
ftr-305	520	19	received	receive	VERB
ftr-305	520	20	deduction	deduction	NOUN
ftr-305	520	21	,	,	PUNCT
ftr-305	520	22	tax	tax	NOUN
ftr-305	520	23	-	-	PUNCT
ftr-305	520	24	exempt	exempt	ADJ
ftr-305	520	25	interest	interest	NOUN
ftr-305	520	26	and	and	CCONJ
ftr-305	520	27	,	,	PUNCT
ftr-305	520	28	in	in	ADP
ftr-305	520	29	the	the	DET
ftr-305	520	30	case	case	NOUN
ftr-305	520	31	of	of	ADP
ftr-305	520	32	foreign	foreign	ADJ
ftr-305	520	33	shareholders	shareholder	NOUN
ftr-305	520	34	,	,	PUNCT
ftr-305	520	35	before	before	ADP
ftr-305	520	36	the	the	DET
ftr-305	520	37	end	end	NOUN
ftr-305	520	38	of	of	ADP
ftr-305	520	39	2011	2011	NUM
ftr-305	520	40	,	,	PUNCT
ftr-305	520	41	short	short	ADJ
ftr-305	520	42	term	term	NOUN
ftr-305	520	43	capital	capital	NOUN
ftr-305	520	44	gain	gain	NOUN
ftr-305	520	45	and	and	CCONJ
ftr-305	520	46	interest	interest	NOUN
ftr-305	520	47	income	income	NOUN
ftr-305	520	48	.	.	PUNCT
ftr-305	521	1	108	108	NUM
ftr-305	521	2	.	.	PUNCT
ftr-305	522	1	see	see	VERB
ftr-305	522	2	list	list	NOUN
ftr-305	522	3	of	of	ADP
ftr-305	522	4	reit	reit	NOUN
ftr-305	522	5	funds	fund	NOUN
ftr-305	522	6	,	,	PUNCT
ftr-305	522	7	reit.com	reit.com	X
ftr-305	522	8	,	,	PUNCT
ftr-305	522	9	http://www.reit.com/investing/	http://www.reit.com/investing/	X
ftr-305	523	1	listofreitfunds.aspx	listofreitfunds.aspx	NOUN
ftr-305	523	2	(	(	PUNCT
ftr-305	523	3	last	last	ADV
ftr-305	523	4	visited	visit	VERB
ftr-305	523	5	feb	feb	PROPN
ftr-305	523	6	.	.	PROPN
ftr-305	523	7	3	3	NUM
ftr-305	523	8	,	,	PUNCT
ftr-305	523	9	2013	2013	NUM
ftr-305	523	10	)	)	PUNCT
ftr-305	523	11	.	.	PUNCT
ftr-305	524	1	109	109	NUM
ftr-305	524	2	.	.	PUNCT
ftr-305	524	3	see	see	VERB
ftr-305	524	4	i.r.c	i.r.c	NOUN
ftr-305	524	5	.	.	PUNCT
ftr-305	525	1	§	§	PROPN
ftr-305	525	2	897(h)(4)(a)(i)(ii	897(h)(4)(a)(i)(ii	NUM
ftr-305	525	3	)	)	PUNCT
ftr-305	525	4	.	.	PUNCT
ftr-305	526	1	28	28	NUM
ftr-305	526	2	florida	florida	PROPN
ftr-305	526	3	tax	tax	NOUN
ftr-305	526	4	review	review	NOUN
ftr-305	527	1	[	[	X
ftr-305	527	2	vol	vol	NOUN
ftr-305	527	3	.	.	PUNCT
ftr-305	528	1	14:1	14:1	NUM
ftr-305	528	2	smaller	small	ADJ
ftr-305	528	3	holders	holder	NOUN
ftr-305	528	4	of	of	ADP
ftr-305	528	5	a	a	DET
ftr-305	528	6	class	class	NOUN
ftr-305	528	7	of	of	ADP
ftr-305	528	8	publicly	publicly	ADV
ftr-305	528	9	traded	trade	VERB
ftr-305	528	10	shares	share	NOUN
ftr-305	528	11	,	,	PUNCT
ftr-305	528	12	and	and	CCONJ
ftr-305	528	13	the	the	DET
ftr-305	528	14	exception	exception	NOUN
ftr-305	528	15	from	from	ADP
ftr-305	528	16	firpta	firpta	NOUN
ftr-305	528	17	for	for	ADP
ftr-305	528	18	sales	sale	NOUN
ftr-305	528	19	of	of	ADP
ftr-305	528	20	shares	share	NOUN
ftr-305	528	21	of	of	ADP
ftr-305	528	22	a	a	DET
ftr-305	528	23	domestically	domestically	ADV
ftr-305	528	24	-	-	PUNCT
ftr-305	528	25	controlled	control	VERB
ftr-305	528	26	reit	reit	NOUN
ftr-305	528	27	were	be	AUX
ftr-305	528	28	extended	extend	VERB
ftr-305	528	29	to	to	ADP
ftr-305	528	30	rics	ric	NOUN
ftr-305	528	31	that	that	PRON
ftr-305	528	32	were	be	AUX
ftr-305	528	33	usrphcs	usrphcs	ADJ
ftr-305	528	34	(	(	PUNCT
ftr-305	528	35	with	with	ADP
ftr-305	528	36	reits	reit	NOUN
ftr-305	528	37	and	and	CCONJ
ftr-305	528	38	rics	ric	NOUN
ftr-305	528	39	then	then	ADV
ftr-305	528	40	being	be	AUX
ftr-305	528	41	included	include	VERB
ftr-305	528	42	in	in	ADP
ftr-305	528	43	the	the	DET
ftr-305	528	44	definition	definition	NOUN
ftr-305	528	45	of	of	ADP
ftr-305	528	46	a	a	DET
ftr-305	528	47	“	"	PUNCT
ftr-305	528	48	qualified	qualified	ADJ
ftr-305	528	49	investment	investment	NOUN
ftr-305	528	50	entity”).110	entity”).110	PROPN
ftr-305	528	51	the	the	DET
ftr-305	528	52	wash	wash	NOUN
ftr-305	528	53	sale	sale	NOUN
ftr-305	528	54	rule	rule	NOUN
ftr-305	528	55	was	be	AUX
ftr-305	528	56	also	also	ADV
ftr-305	528	57	extended	extend	VERB
ftr-305	528	58	to	to	ADP
ftr-305	528	59	ric	ric	PROPN
ftr-305	528	60	shares.111	shares.111	PROPN
ftr-305	528	61	a	a	DET
ftr-305	528	62	ʼ40	ʼ40	PROPN
ftr-305	528	63	act	act	NOUN
ftr-305	528	64	registered	register	VERB
ftr-305	528	65	investment	investment	NOUN
ftr-305	528	66	company	company	NOUN
ftr-305	528	67	that	that	PRON
ftr-305	528	68	invests	invest	VERB
ftr-305	528	69	in	in	ADP
ftr-305	528	70	shares	share	NOUN
ftr-305	528	71	of	of	ADP
ftr-305	528	72	reits	reit	NOUN
ftr-305	528	73	may	may	AUX
ftr-305	528	74	sometimes	sometimes	ADV
ftr-305	528	75	qualify	qualify	VERB
ftr-305	528	76	as	as	ADP
ftr-305	528	77	a	a	DET
ftr-305	528	78	ric	ric	NOUN
ftr-305	528	79	or	or	CCONJ
ftr-305	528	80	a	a	DET
ftr-305	528	81	reit	reit	NOUN
ftr-305	528	82	at	at	ADP
ftr-305	528	83	its	its	PRON
ftr-305	528	84	election	election	NOUN
ftr-305	528	85	,	,	PUNCT
ftr-305	528	86	but	but	CCONJ
ftr-305	528	87	all	all	DET
ftr-305	528	88	(	(	PUNCT
ftr-305	528	89	or	or	CCONJ
ftr-305	528	90	most	most	ADJ
ftr-305	528	91	)	)	PUNCT
ftr-305	528	92	elect	elect	NOUN
ftr-305	528	93	to	to	PART
ftr-305	528	94	be	be	AUX
ftr-305	528	95	rics	ric	NOUN
ftr-305	528	96	.	.	PUNCT
ftr-305	529	1	there	there	PRON
ftr-305	529	2	are	be	VERB
ftr-305	529	3	tax	tax	NOUN
ftr-305	529	4	differences	difference	NOUN
ftr-305	529	5	:	:	PUNCT
ftr-305	529	6	among	among	ADP
ftr-305	529	7	others	other	NOUN
ftr-305	529	8	,	,	PUNCT
ftr-305	529	9	securities	security	NOUN
ftr-305	529	10	other	other	ADJ
ftr-305	529	11	than	than	ADP
ftr-305	529	12	shares	share	NOUN
ftr-305	529	13	of	of	ADP
ftr-305	529	14	a	a	DET
ftr-305	529	15	reit	reit	NOUN
ftr-305	529	16	would	would	AUX
ftr-305	529	17	be	be	AUX
ftr-305	529	18	“	"	PUNCT
ftr-305	529	19	good	good	ADJ
ftr-305	529	20	”	"	PUNCT
ftr-305	529	21	assets	asset	NOUN
ftr-305	529	22	for	for	ADP
ftr-305	529	23	a	a	DET
ftr-305	529	24	ric	ric	NOUN
ftr-305	529	25	but	but	CCONJ
ftr-305	529	26	not	not	PART
ftr-305	529	27	for	for	ADP
ftr-305	529	28	a	a	DET
ftr-305	529	29	reit	reit	NOUN
ftr-305	529	30	(	(	PUNCT
ftr-305	529	31	unless	unless	SCONJ
ftr-305	529	32	they	they	PRON
ftr-305	529	33	are	be	AUX
ftr-305	529	34	mortgages	mortgage	NOUN
ftr-305	529	35	secured	secure	VERB
ftr-305	529	36	by	by	ADP
ftr-305	529	37	real	real	ADJ
ftr-305	529	38	property	property	NOUN
ftr-305	529	39	)	)	PUNCT
ftr-305	529	40	;	;	PUNCT
ftr-305	529	41	withholding	withhold	VERB
ftr-305	529	42	on	on	ADP
ftr-305	529	43	ric	ric	PROPN
ftr-305	529	44	dividends	dividend	NOUN
ftr-305	529	45	paid	pay	VERB
ftr-305	529	46	to	to	ADP
ftr-305	529	47	foreign	foreign	ADJ
ftr-305	529	48	investors	investor	NOUN
ftr-305	529	49	is	be	AUX
ftr-305	529	50	generally	generally	ADV
ftr-305	529	51	reduced	reduce	VERB
ftr-305	529	52	from	from	ADP
ftr-305	529	53	30	30	NUM
ftr-305	529	54	percent	percent	NOUN
ftr-305	529	55	to	to	ADP
ftr-305	529	56	15	15	NUM
ftr-305	529	57	percent	percent	NOUN
ftr-305	529	58	by	by	ADP
ftr-305	529	59	treaty	treaty	NOUN
ftr-305	529	60	,	,	PUNCT
ftr-305	529	61	without	without	ADP
ftr-305	529	62	the	the	DET
ftr-305	529	63	treaty	treaty	NOUN
ftr-305	529	64	restrictions	restriction	NOUN
ftr-305	529	65	that	that	PRON
ftr-305	529	66	apply	apply	VERB
ftr-305	529	67	to	to	ADP
ftr-305	529	68	the	the	DET
ftr-305	529	69	withholding	withholding	NOUN
ftr-305	529	70	tax	tax	NOUN
ftr-305	529	71	reduction	reduction	NOUN
ftr-305	529	72	on	on	ADP
ftr-305	529	73	reit	reit	NOUN
ftr-305	529	74	dividends	dividend	NOUN
ftr-305	529	75	;	;	PUNCT
ftr-305	529	76	and	and	CCONJ
ftr-305	529	77	short	short	ADJ
ftr-305	529	78	-	-	PUNCT
ftr-305	529	79	term	term	NOUN
ftr-305	529	80	capital	capital	NOUN
ftr-305	529	81	gain	gain	NOUN
ftr-305	529	82	and	and	CCONJ
ftr-305	529	83	interest	interest	NOUN
ftr-305	529	84	related	relate	VERB
ftr-305	529	85	dividends	dividend	NOUN
ftr-305	529	86	of	of	ADP
ftr-305	529	87	a	a	DET
ftr-305	529	88	ric	ric	PROPN
ftr-305	529	89	are	be	AUX
ftr-305	529	90	exempt	exempt	ADJ
ftr-305	529	91	from	from	ADP
ftr-305	529	92	withholding	withhold	VERB
ftr-305	529	93	tax	tax	NOUN
ftr-305	529	94	altogether.112	altogether.112	PROPN
ftr-305	529	95	f.	f.	PROPN
ftr-305	529	96	do	do	VERB
ftr-305	529	97	the	the	DET
ftr-305	529	98	rules	rule	NOUN
ftr-305	529	99	that	that	PRON
ftr-305	529	100	apply	apply	VERB
ftr-305	529	101	to	to	ADP
ftr-305	529	102	business	business	NOUN
ftr-305	529	103	intermediaries	intermediary	NOUN
ftr-305	529	104	make	make	VERB
ftr-305	529	105	sense	sense	NOUN
ftr-305	529	106	?	?	PUNCT
ftr-305	530	1	under	under	ADP
ftr-305	530	2	firpta	firpta	NOUN
ftr-305	530	3	,	,	PUNCT
ftr-305	530	4	there	there	PRON
ftr-305	530	5	are	be	VERB
ftr-305	530	6	significant	significant	ADJ
ftr-305	530	7	differences	difference	NOUN
ftr-305	530	8	between	between	ADP
ftr-305	530	9	investments	investment	NOUN
ftr-305	530	10	by	by	ADP
ftr-305	530	11	foreign	foreign	ADJ
ftr-305	530	12	persons	person	NOUN
ftr-305	530	13	in	in	ADP
ftr-305	530	14	usrp	usrp	NOUN
ftr-305	530	15	that	that	PRON
ftr-305	530	16	are	be	AUX
ftr-305	530	17	made	make	VERB
ftr-305	530	18	directly	directly	ADV
ftr-305	530	19	,	,	PUNCT
ftr-305	530	20	through	through	ADP
ftr-305	530	21	a	a	DET
ftr-305	530	22	fixed	fix	VERB
ftr-305	530	23	investment	investment	NOUN
ftr-305	530	24	trust	trust	NOUN
ftr-305	530	25	,	,	PUNCT
ftr-305	530	26	or	or	CCONJ
ftr-305	530	27	through	through	ADP
ftr-305	530	28	a	a	DET
ftr-305	530	29	partnership	partnership	NOUN
ftr-305	530	30	and	and	CCONJ
ftr-305	530	31	those	those	PRON
ftr-305	530	32	that	that	PRON
ftr-305	530	33	are	be	AUX
ftr-305	530	34	made	make	VERB
ftr-305	530	35	through	through	ADP
ftr-305	530	36	a	a	DET
ftr-305	530	37	reit	reit	NOUN
ftr-305	530	38	or	or	CCONJ
ftr-305	530	39	a	a	DET
ftr-305	530	40	ric	ric	NOUN
ftr-305	530	41	.	.	PUNCT
ftr-305	531	1	there	there	PRON
ftr-305	531	2	is	be	VERB
ftr-305	531	3	,	,	PUNCT
ftr-305	531	4	for	for	ADP
ftr-305	531	5	example	example	NOUN
ftr-305	531	6	,	,	PUNCT
ftr-305	531	7	no	no	DET
ftr-305	531	8	domestically	domestically	ADV
ftr-305	531	9	-	-	PUNCT
ftr-305	531	10	controlled	control	VERB
ftr-305	531	11	exception	exception	NOUN
ftr-305	531	12	for	for	ADP
ftr-305	531	13	fixed	fix	VERB
ftr-305	531	14	investment	investment	NOUN
ftr-305	531	15	trusts	trust	NOUN
ftr-305	531	16	or	or	CCONJ
ftr-305	531	17	partnerships	partnership	NOUN
ftr-305	531	18	and	and	CCONJ
ftr-305	531	19	no	no	DET
ftr-305	531	20	exemption	exemption	NOUN
ftr-305	531	21	for	for	ADP
ftr-305	531	22	a	a	DET
ftr-305	531	23	partner	partner	NOUN
ftr-305	531	24	’s	’s	PART
ftr-305	531	25	share	share	NOUN
ftr-305	531	26	of	of	ADP
ftr-305	531	27	the	the	DET
ftr-305	531	28	partnership	partnership	NOUN
ftr-305	531	29	’s	’s	PART
ftr-305	531	30	gain	gain	NOUN
ftr-305	531	31	from	from	ADP
ftr-305	531	32	the	the	DET
ftr-305	531	33	disposition	disposition	NOUN
ftr-305	531	34	of	of	ADP
ftr-305	531	35	an	an	DET
ftr-305	531	36	interest	interest	NOUN
ftr-305	531	37	in	in	ADP
ftr-305	531	38	usrp	usrp	NOUN
ftr-305	531	39	if	if	SCONJ
ftr-305	531	40	the	the	DET
ftr-305	531	41	partner	partner	NOUN
ftr-305	531	42	owns	own	VERB
ftr-305	531	43	5	5	NUM
ftr-305	531	44	percent	percent	NOUN
ftr-305	531	45	or	or	CCONJ
ftr-305	531	46	less	less	ADJ
ftr-305	531	47	of	of	ADP
ftr-305	531	48	a	a	DET
ftr-305	531	49	class	class	NOUN
ftr-305	531	50	of	of	ADP
ftr-305	531	51	publicly	publicly	ADV
ftr-305	531	52	-	-	PUNCT
ftr-305	531	53	traded	trade	VERB
ftr-305	531	54	interests	interest	NOUN
ftr-305	531	55	.	.	PUNCT
ftr-305	532	1	gain	gain	NOUN
ftr-305	532	2	from	from	ADP
ftr-305	532	3	sales	sale	NOUN
ftr-305	532	4	of	of	ADP
ftr-305	532	5	shares	share	NOUN
ftr-305	532	6	in	in	ADP
ftr-305	532	7	a	a	DET
ftr-305	532	8	usrphc	usrphc	NOUN
ftr-305	532	9	is	be	AUX
ftr-305	532	10	excluded	exclude	VERB
ftr-305	532	11	from	from	ADP
ftr-305	532	12	the	the	DET
ftr-305	532	13	branch	branch	NOUN
ftr-305	532	14	profits	profit	NOUN
ftr-305	532	15	tax	tax	NOUN
ftr-305	532	16	,	,	PUNCT
ftr-305	532	17	but	but	CCONJ
ftr-305	532	18	gain	gain	NOUN
ftr-305	532	19	from	from	ADP
ftr-305	532	20	the	the	DET
ftr-305	532	21	sale	sale	NOUN
ftr-305	532	22	of	of	ADP
ftr-305	532	23	an	an	DET
ftr-305	532	24	interest	interest	NOUN
ftr-305	532	25	in	in	ADP
ftr-305	532	26	a	a	DET
ftr-305	532	27	partnership	partnership	NOUN
ftr-305	532	28	or	or	CCONJ
ftr-305	532	29	trust	trust	NOUN
ftr-305	532	30	that	that	PRON
ftr-305	532	31	holds	hold	VERB
ftr-305	532	32	interests	interest	NOUN
ftr-305	532	33	in	in	ADP
ftr-305	532	34	usrp	usrp	NOUN
ftr-305	532	35	is	be	AUX
ftr-305	532	36	not.113	not.113	ADJ
ftr-305	532	37	direct	direct	ADJ
ftr-305	532	38	investors	investor	NOUN
ftr-305	532	39	and	and	CCONJ
ftr-305	532	40	partners	partner	NOUN
ftr-305	532	41	in	in	ADP
ftr-305	532	42	partnerships	partnership	NOUN
ftr-305	532	43	must	must	AUX
ftr-305	532	44	file	file	VERB
ftr-305	532	45	returns	return	NOUN
ftr-305	532	46	,	,	PUNCT
ftr-305	532	47	notwithstanding	notwithstanding	SCONJ
ftr-305	532	48	that	that	SCONJ
ftr-305	532	49	the	the	DET
ftr-305	532	50	income	income	NOUN
ftr-305	532	51	of	of	ADP
ftr-305	532	52	the	the	DET
ftr-305	532	53	partner	partner	NOUN
ftr-305	532	54	that	that	PRON
ftr-305	532	55	is	be	AUX
ftr-305	532	56	effectively	effectively	ADV
ftr-305	532	57	connected	connect	VERB
ftr-305	532	58	with	with	ADP
ftr-305	532	59	the	the	DET
ftr-305	532	60	partnership	partnership	NOUN
ftr-305	532	61	’s	’s	PART
ftr-305	532	62	business	business	NOUN
ftr-305	532	63	is	be	AUX
ftr-305	532	64	subject	subject	ADJ
ftr-305	532	65	to	to	ADP
ftr-305	532	66	withholding	withholding	NOUN
ftr-305	532	67	tax.114	tax.114	NOUN
ftr-305	532	68	are	be	AUX
ftr-305	532	69	these	these	DET
ftr-305	532	70	differences	difference	NOUN
ftr-305	532	71	the	the	DET
ftr-305	532	72	result	result	NOUN
ftr-305	532	73	of	of	ADP
ftr-305	532	74	a	a	DET
ftr-305	532	75	thoughtful	thoughtful	ADJ
ftr-305	532	76	process	process	NOUN
ftr-305	532	77	or	or	CCONJ
ftr-305	532	78	simply	simply	ADV
ftr-305	532	79	an	an	DET
ftr-305	532	80	inadvertent	inadvertent	ADJ
ftr-305	532	81	by	by	ADP
ftr-305	532	82	-	-	PUNCT
ftr-305	532	83	product	product	NOUN
ftr-305	532	84	of	of	ADP
ftr-305	532	85	legislative	legislative	ADJ
ftr-305	532	86	changes	change	NOUN
ftr-305	532	87	?	?	PUNCT
ftr-305	533	1	the	the	DET
ftr-305	533	2	ric	ric	PROPN
ftr-305	533	3	provisions	provision	NOUN
ftr-305	533	4	were	be	AUX
ftr-305	533	5	enacted	enact	VERB
ftr-305	533	6	in	in	ADP
ftr-305	533	7	1936	1936	NUM
ftr-305	533	8	,	,	PUNCT
ftr-305	533	9	and	and	CCONJ
ftr-305	533	10	the	the	DET
ftr-305	533	11	reit	reit	NOUN
ftr-305	533	12	provisions	provision	NOUN
ftr-305	533	13	followed	follow	VERB
ftr-305	533	14	in	in	ADP
ftr-305	533	15	1960	1960	NUM
ftr-305	533	16	.	.	PUNCT
ftr-305	534	1	investors	investor	NOUN
ftr-305	534	2	in	in	ADP
ftr-305	534	3	reits	reit	NOUN
ftr-305	534	4	plainly	plainly	ADV
ftr-305	534	5	benefitted	benefit	VERB
ftr-305	534	6	from	from	ADP
ftr-305	534	7	the	the	DET
ftr-305	534	8	exclusion	exclusion	NOUN
ftr-305	534	9	from	from	ADP
ftr-305	534	10	the	the	DET
ftr-305	534	11	definition	definition	NOUN
ftr-305	534	12	of	of	ADP
ftr-305	534	13	a	a	DET
ftr-305	534	14	usrphc	usrphc	NOUN
ftr-305	534	15	of	of	ADP
ftr-305	534	16	a	a	DET
ftr-305	534	17	domestically	domestically	ADV
ftr-305	534	18	-	-	PUNCT
ftr-305	534	19	controlled	control	VERB
ftr-305	534	20	reit	reit	NOUN
ftr-305	534	21	and	and	CCONJ
ftr-305	534	22	later	later	ADV
ftr-305	534	23	benefitted	benefit	VERB
ftr-305	534	24	from	from	ADP
ftr-305	534	25	the	the	DET
ftr-305	534	26	exclusion	exclusion	NOUN
ftr-305	534	27	of	of	ADP
ftr-305	534	28	distributions	distribution	NOUN
ftr-305	534	29	to	to	ADP
ftr-305	534	30	5	5	NUM
ftr-305	534	31	percent	percent	NOUN
ftr-305	534	32	or	or	CCONJ
ftr-305	534	33	smaller	small	ADJ
ftr-305	534	34	holders	holder	NOUN
ftr-305	534	35	of	of	ADP
ftr-305	534	36	shares	share	NOUN
ftr-305	534	37	of	of	ADP
ftr-305	534	38	a	a	DET
ftr-305	534	39	110	110	NUM
ftr-305	534	40	.	.	PUNCT
ftr-305	535	1	see	see	VERB
ftr-305	535	2	i.r.c	i.r.c	NOUN
ftr-305	535	3	.	.	PUNCT
ftr-305	536	1	§	§	PROPN
ftr-305	536	2	897(h)(4	897(h)(4	NUM
ftr-305	536	3	)	)	PUNCT
ftr-305	536	4	.	.	PUNCT
ftr-305	537	1	111	111	NUM
ftr-305	537	2	.	.	PUNCT
ftr-305	537	3	see	see	VERB
ftr-305	537	4	i.r.c	i.r.c	NOUN
ftr-305	537	5	.	.	PUNCT
ftr-305	538	1	§	§	PROPN
ftr-305	538	2	897(h)(5	897(h)(5	PROPN
ftr-305	538	3	)	)	PUNCT
ftr-305	538	4	.	.	PUNCT
ftr-305	539	1	112	112	NUM
ftr-305	539	2	.	.	PUNCT
ftr-305	539	3	i.r.c	i.r.c	NOUN
ftr-305	539	4	.	.	PUNCT
ftr-305	540	1	§	§	PROPN
ftr-305	540	2	§	§	PROPN
ftr-305	540	3	871(k	871(k	PROPN
ftr-305	540	4	)	)	PUNCT
ftr-305	540	5	,	,	PUNCT
ftr-305	540	6	881(e	881(e	PROPN
ftr-305	540	7	)	)	PUNCT
ftr-305	540	8	.	.	PUNCT
ftr-305	541	1	113	113	NUM
ftr-305	541	2	.	.	PUNCT
ftr-305	541	3	i.r.c	i.r.c	NOUN
ftr-305	541	4	.	.	PUNCT
ftr-305	542	1	§	§	PROPN
ftr-305	542	2	884(d)(2)(c	884(d)(2)(c	NUM
ftr-305	542	3	)	)	PUNCT
ftr-305	542	4	.	.	PUNCT
ftr-305	543	1	114	114	NUM
ftr-305	543	2	.	.	PUNCT
ftr-305	544	1	under	under	ADP
ftr-305	544	2	either	either	DET
ftr-305	544	3	section	section	NOUN
ftr-305	544	4	1445	1445	NUM
ftr-305	544	5	or	or	CCONJ
ftr-305	544	6	1446	1446	NUM
ftr-305	544	7	.	.	PUNCT
ftr-305	545	1	2013	2013	NUM
ftr-305	545	2	]	]	PUNCT
ftr-305	545	3	suppose	suppose	VERB
ftr-305	545	4	firpta	firpta	NOUN
ftr-305	545	5	was	be	AUX
ftr-305	545	6	repealed	repeal	VERB
ftr-305	545	7	29	29	NUM
ftr-305	545	8	publicly	publicly	ADV
ftr-305	545	9	traded	trade	VERB
ftr-305	545	10	class	class	NOUN
ftr-305	545	11	of	of	ADP
ftr-305	545	12	shares	share	NOUN
ftr-305	545	13	of	of	ADP
ftr-305	545	14	gain	gain	NOUN
ftr-305	545	15	of	of	ADP
ftr-305	545	16	a	a	DET
ftr-305	545	17	reit	reit	NOUN
ftr-305	545	18	from	from	ADP
ftr-305	545	19	the	the	DET
ftr-305	545	20	disposition	disposition	NOUN
ftr-305	545	21	of	of	ADP
ftr-305	545	22	interests	interest	NOUN
ftr-305	545	23	in	in	ADP
ftr-305	545	24	usrps	usrps	PROPN
ftr-305	545	25	.	.	PUNCT
ftr-305	546	1	but	but	CCONJ
ftr-305	546	2	those	those	DET
ftr-305	546	3	amendments	amendment	NOUN
ftr-305	546	4	came	come	VERB
ftr-305	546	5	much	much	ADV
ftr-305	546	6	later	later	ADV
ftr-305	546	7	,	,	PUNCT
ftr-305	546	8	in	in	ADP
ftr-305	546	9	1980	1980	NUM
ftr-305	546	10	and	and	CCONJ
ftr-305	546	11	2004	2004	NUM
ftr-305	546	12	,	,	PUNCT
ftr-305	546	13	and	and	CCONJ
ftr-305	546	14	there	there	PRON
ftr-305	546	15	is	be	VERB
ftr-305	546	16	no	no	DET
ftr-305	546	17	reason	reason	NOUN
ftr-305	546	18	to	to	PART
ftr-305	546	19	conclude	conclude	VERB
ftr-305	546	20	that	that	SCONJ
ftr-305	546	21	foreign	foreign	ADJ
ftr-305	546	22	investment	investment	NOUN
ftr-305	546	23	was	be	AUX
ftr-305	546	24	a	a	DET
ftr-305	546	25	focus	focus	NOUN
ftr-305	546	26	when	when	SCONJ
ftr-305	546	27	the	the	DET
ftr-305	546	28	basic	basic	ADJ
ftr-305	546	29	reit	reit	NOUN
ftr-305	546	30	rules	rule	NOUN
ftr-305	546	31	were	be	AUX
ftr-305	546	32	enacted	enact	VERB
ftr-305	546	33	in	in	ADP
ftr-305	546	34	1960	1960	NUM
ftr-305	546	35	and	and	CCONJ
ftr-305	546	36	that	that	SCONJ
ftr-305	546	37	there	there	PRON
ftr-305	546	38	was	be	VERB
ftr-305	546	39	a	a	DET
ftr-305	546	40	congressional	congressional	ADJ
ftr-305	546	41	consensus	consensus	NOUN
ftr-305	546	42	that	that	SCONJ
ftr-305	546	43	foreign	foreign	ADJ
ftr-305	546	44	investment	investment	NOUN
ftr-305	546	45	in	in	ADP
ftr-305	546	46	reits	reit	NOUN
ftr-305	546	47	should	should	AUX
ftr-305	546	48	be	be	AUX
ftr-305	546	49	given	give	VERB
ftr-305	546	50	preferential	preferential	ADJ
ftr-305	546	51	treatment	treatment	NOUN
ftr-305	546	52	.	.	PUNCT
ftr-305	547	1	likewise	likewise	ADV
ftr-305	547	2	,	,	PUNCT
ftr-305	547	3	the	the	DET
ftr-305	547	4	rules	rule	NOUN
ftr-305	547	5	that	that	PRON
ftr-305	547	6	treat	treat	VERB
ftr-305	547	7	foreign	foreign	ADJ
ftr-305	547	8	partners	partner	NOUN
ftr-305	547	9	in	in	ADP
ftr-305	547	10	partnerships	partnership	NOUN
ftr-305	547	11	as	as	SCONJ
ftr-305	547	12	engaged	engage	VERB
ftr-305	547	13	in	in	ADP
ftr-305	547	14	a	a	DET
ftr-305	547	15	business	business	NOUN
ftr-305	547	16	in	in	ADP
ftr-305	547	17	the	the	DET
ftr-305	547	18	united	united	PROPN
ftr-305	547	19	states	states	PROPN
ftr-305	547	20	if	if	SCONJ
ftr-305	547	21	the	the	DET
ftr-305	547	22	partnership	partnership	NOUN
ftr-305	547	23	is	be	AUX
ftr-305	547	24	so	so	ADV
ftr-305	547	25	engaged	engaged	ADJ
ftr-305	547	26	came	come	VERB
ftr-305	547	27	in	in	ADP
ftr-305	547	28	long	long	ADV
ftr-305	547	29	before	before	SCONJ
ftr-305	547	30	there	there	PRON
ftr-305	547	31	were	be	VERB
ftr-305	547	32	publicly	publicly	ADV
ftr-305	547	33	-	-	PUNCT
ftr-305	547	34	traded	trade	VERB
ftr-305	547	35	or	or	CCONJ
ftr-305	547	36	even	even	ADV
ftr-305	547	37	widelyheld	widelyheld	VERB
ftr-305	547	38	partnerships	partnership	NOUN
ftr-305	547	39	and	and	CCONJ
ftr-305	547	40	before	before	ADP
ftr-305	547	41	the	the	DET
ftr-305	547	42	enactment	enactment	NOUN
ftr-305	547	43	of	of	ADP
ftr-305	547	44	the	the	DET
ftr-305	547	45	rules	rule	NOUN
ftr-305	547	46	in	in	ADP
ftr-305	547	47	section	section	NOUN
ftr-305	547	48	1446	1446	NUM
ftr-305	547	49	(	(	PUNCT
ftr-305	547	50	as	as	ADV
ftr-305	547	51	well	well	ADV
ftr-305	547	52	as	as	ADP
ftr-305	547	53	section	section	NOUN
ftr-305	547	54	1445	1445	NUM
ftr-305	547	55	)	)	PUNCT
ftr-305	547	56	that	that	PRON
ftr-305	547	57	require	require	VERB
ftr-305	547	58	partnerships	partnership	NOUN
ftr-305	547	59	to	to	PART
ftr-305	547	60	withhold	withhold	VERB
ftr-305	547	61	on	on	ADP
ftr-305	547	62	foreign	foreign	ADJ
ftr-305	547	63	partner	partner	NOUN
ftr-305	547	64	’s	’s	PART
ftr-305	547	65	share	share	NOUN
ftr-305	547	66	of	of	ADP
ftr-305	547	67	effectively	effectively	ADV
ftr-305	547	68	connected	connected	ADJ
ftr-305	547	69	income	income	NOUN
ftr-305	547	70	.	.	PUNCT
ftr-305	548	1	given	give	VERB
ftr-305	548	2	the	the	DET
ftr-305	548	3	withholding	withholding	NOUN
ftr-305	548	4	tax	tax	NOUN
ftr-305	548	5	rules	rule	NOUN
ftr-305	548	6	(	(	PUNCT
ftr-305	548	7	which	which	PRON
ftr-305	548	8	are	be	AUX
ftr-305	548	9	in	in	ADP
ftr-305	548	10	effect	effect	NOUN
ftr-305	548	11	an	an	DET
ftr-305	548	12	entity	entity	NOUN
ftr-305	548	13	level	level	NOUN
ftr-305	548	14	tax	tax	NOUN
ftr-305	548	15	)	)	PUNCT
ftr-305	548	16	,	,	PUNCT
ftr-305	548	17	is	be	AUX
ftr-305	548	18	it	it	PRON
ftr-305	548	19	necessary	necessary	ADJ
ftr-305	548	20	to	to	PART
ftr-305	548	21	treat	treat	VERB
ftr-305	548	22	foreign	foreign	ADJ
ftr-305	548	23	partners	partner	NOUN
ftr-305	548	24	as	as	SCONJ
ftr-305	548	25	engaged	engage	VERB
ftr-305	548	26	in	in	ADP
ftr-305	548	27	a	a	DET
ftr-305	548	28	trade	trade	NOUN
ftr-305	548	29	or	or	CCONJ
ftr-305	548	30	business	business	NOUN
ftr-305	548	31	in	in	ADP
ftr-305	548	32	the	the	DET
ftr-305	548	33	united	united	PROPN
ftr-305	548	34	states	states	PROPN
ftr-305	548	35	?	?	PUNCT
ftr-305	549	1	u.s	u.s	PROPN
ftr-305	549	2	.	.	PROPN
ftr-305	549	3	income	income	NOUN
ftr-305	549	4	tax	tax	NOUN
ftr-305	549	5	could	could	AUX
ftr-305	549	6	be	be	AUX
ftr-305	549	7	made	make	VERB
ftr-305	549	8	simpler	simple	ADJ
ftr-305	549	9	if	if	SCONJ
ftr-305	549	10	there	there	PRON
ftr-305	549	11	was	be	VERB
ftr-305	549	12	a	a	DET
ftr-305	549	13	top	top	ADJ
ftr-305	549	14	-	-	PUNCT
ftr-305	549	15	to	to	ADP
ftr-305	549	16	-	-	PUNCT
ftr-305	549	17	bottom	bottom	NOUN
ftr-305	549	18	reevaluation	reevaluation	NOUN
ftr-305	549	19	of	of	ADP
ftr-305	549	20	the	the	DET
ftr-305	549	21	rules	rule	NOUN
ftr-305	549	22	that	that	PRON
ftr-305	549	23	apply	apply	VERB
ftr-305	549	24	to	to	ADP
ftr-305	549	25	entities	entity	NOUN
ftr-305	549	26	such	such	ADJ
ftr-305	549	27	as	as	ADP
ftr-305	549	28	reits	reit	NOUN
ftr-305	549	29	and	and	CCONJ
ftr-305	549	30	publicly	publicly	ADV
ftr-305	549	31	-	-	PUNCT
ftr-305	549	32	traded	trade	VERB
ftr-305	549	33	partnerships	partnership	NOUN
ftr-305	549	34	;	;	PUNCT
ftr-305	549	35	but	but	CCONJ
ftr-305	549	36	short	short	ADJ
ftr-305	549	37	of	of	ADP
ftr-305	549	38	that	that	PRON
ftr-305	549	39	,	,	PUNCT
ftr-305	549	40	there	there	PRON
ftr-305	549	41	should	should	AUX
ftr-305	549	42	at	at	ADV
ftr-305	549	43	least	least	ADJ
ftr-305	549	44	be	be	AUX
ftr-305	549	45	an	an	DET
ftr-305	549	46	effort	effort	NOUN
ftr-305	549	47	to	to	PART
ftr-305	549	48	limit	limit	VERB
ftr-305	549	49	the	the	DET
ftr-305	549	50	distortions	distortion	NOUN
ftr-305	549	51	that	that	PRON
ftr-305	549	52	result	result	VERB
ftr-305	549	53	from	from	ADP
ftr-305	549	54	the	the	DET
ftr-305	549	55	rules	rule	NOUN
ftr-305	549	56	.	.	PUNCT
ftr-305	550	1	iii	iii	X
ftr-305	550	2	.	.	PUNCT
ftr-305	551	1	repealing	repeal	VERB
ftr-305	551	2	the	the	DET
ftr-305	551	3	firpta	firpta	NOUN
ftr-305	551	4	rules	rule	NOUN
ftr-305	551	5	with	with	ADP
ftr-305	551	6	the	the	DET
ftr-305	551	7	benefit	benefit	NOUN
ftr-305	551	8	of	of	ADP
ftr-305	551	9	hindsight	hindsight	NOUN
ftr-305	551	10	,	,	PUNCT
ftr-305	551	11	are	be	AUX
ftr-305	551	12	the	the	DET
ftr-305	551	13	firpta	firpta	NOUN
ftr-305	551	14	rules	rule	NOUN
ftr-305	551	15	with	with	ADP
ftr-305	551	16	respect	respect	NOUN
ftr-305	551	17	to	to	ADP
ftr-305	551	18	usrphcs	usrphcs	PROPN
ftr-305	551	19	sensible	sensible	ADJ
ftr-305	551	20	?	?	PUNCT
ftr-305	552	1	the	the	DET
ftr-305	552	2	arguments	argument	NOUN
ftr-305	552	3	used	use	VERB
ftr-305	552	4	to	to	PART
ftr-305	552	5	justify	justify	VERB
ftr-305	552	6	the	the	DET
ftr-305	552	7	usrphc	usrphc	ADJ
ftr-305	552	8	rules	rule	NOUN
ftr-305	552	9	made	make	VERB
ftr-305	552	10	no	no	DET
ftr-305	552	11	sense	sense	NOUN
ftr-305	552	12	then	then	ADV
ftr-305	552	13	and	and	CCONJ
ftr-305	552	14	certainly	certainly	ADV
ftr-305	552	15	do	do	VERB
ftr-305	552	16	not	not	PART
ftr-305	552	17	after	after	SCONJ
ftr-305	552	18	the	the	DET
ftr-305	552	19	repeal	repeal	NOUN
ftr-305	552	20	of	of	ADP
ftr-305	552	21	the	the	DET
ftr-305	552	22	general	general	ADJ
ftr-305	552	23	utilities	utility	NOUN
ftr-305	552	24	doctrine115	doctrine115	PROPN
ftr-305	552	25	and	and	CCONJ
ftr-305	552	26	other	other	ADJ
ftr-305	552	27	statutory	statutory	ADJ
ftr-305	552	28	changes	change	NOUN
ftr-305	552	29	since	since	SCONJ
ftr-305	552	30	1980.116	1980.116	NUM
ftr-305	552	31	all	all	PRON
ftr-305	552	32	that	that	PRON
ftr-305	552	33	the	the	DET
ftr-305	552	34	usrphc	usrphc	PROPN
ftr-305	552	35	rules	rule	NOUN
ftr-305	552	36	in	in	ADP
ftr-305	552	37	firpta	firpta	NOUN
ftr-305	552	38	do	do	VERB
ftr-305	552	39	now	now	ADV
ftr-305	552	40	is	be	AUX
ftr-305	552	41	to	to	PART
ftr-305	552	42	accelerate	accelerate	VERB
ftr-305	552	43	the	the	DET
ftr-305	552	44	tax	tax	NOUN
ftr-305	552	45	due	due	ADP
ftr-305	552	46	on	on	ADP
ftr-305	552	47	the	the	DET
ftr-305	552	48	disposition	disposition	NOUN
ftr-305	552	49	of	of	ADP
ftr-305	552	50	an	an	DET
ftr-305	552	51	interest	interest	NOUN
ftr-305	552	52	in	in	ADP
ftr-305	552	53	usrp	usrp	NOUN
ftr-305	552	54	,	,	PUNCT
ftr-305	552	55	and	and	CCONJ
ftr-305	552	56	,	,	PUNCT
ftr-305	552	57	contrary	contrary	ADV
ftr-305	552	58	to	to	ADP
ftr-305	552	59	the	the	DET
ftr-305	552	60	purpose	purpose	NOUN
ftr-305	552	61	of	of	ADP
ftr-305	552	62	firpta	firpta	NOUN
ftr-305	552	63	,	,	PUNCT
ftr-305	552	64	which	which	PRON
ftr-305	552	65	was	be	AUX
ftr-305	552	66	to	to	PART
ftr-305	552	67	ensure	ensure	VERB
ftr-305	552	68	one	one	NUM
ftr-305	552	69	tax	tax	NOUN
ftr-305	552	70	,	,	PUNCT
ftr-305	552	71	possibly	possibly	ADV
ftr-305	552	72	result	result	VERB
ftr-305	552	73	in	in	ADP
ftr-305	552	74	double	double	ADJ
ftr-305	552	75	taxation	taxation	NOUN
ftr-305	552	76	—	—	PUNCT
ftr-305	552	77	once	once	ADV
ftr-305	552	78	to	to	ADP
ftr-305	552	79	the	the	DET
ftr-305	552	80	shareholder	shareholder	NOUN
ftr-305	552	81	and	and	CCONJ
ftr-305	552	82	again	again	ADV
ftr-305	552	83	to	to	ADP
ftr-305	552	84	the	the	DET
ftr-305	552	85	corporation.117	corporation.117	NOUN
ftr-305	552	86	that	that	PRON
ftr-305	552	87	creates	create	VERB
ftr-305	552	88	an	an	DET
ftr-305	552	89	obvious	obvious	ADJ
ftr-305	552	90	disparity	disparity	NOUN
ftr-305	552	91	between	between	ADP
ftr-305	552	92	the	the	DET
ftr-305	552	93	possible	possible	ADJ
ftr-305	552	94	double	double	ADJ
ftr-305	552	95	tax	tax	NOUN
ftr-305	552	96	on	on	ADP
ftr-305	552	97	an	an	DET
ftr-305	552	98	investment	investment	NOUN
ftr-305	552	99	made	make	VERB
ftr-305	552	100	through	through	ADP
ftr-305	552	101	a	a	DET
ftr-305	552	102	u.s	u.s	PROPN
ftr-305	552	103	.	.	PROPN
ftr-305	552	104	corporation	corporation	NOUN
ftr-305	552	105	and	and	CCONJ
ftr-305	552	106	one	one	NUM
ftr-305	552	107	made	make	VERB
ftr-305	552	108	through	through	ADP
ftr-305	552	109	a	a	DET
ftr-305	552	110	foreign	foreign	ADJ
ftr-305	552	111	corporation	corporation	NOUN
ftr-305	552	112	,	,	PUNCT
ftr-305	552	113	in	in	ADP
ftr-305	552	114	which	which	DET
ftr-305	552	115	case	case	NOUN
ftr-305	552	116	there	there	PRON
ftr-305	552	117	is	be	VERB
ftr-305	552	118	only	only	ADV
ftr-305	552	119	the	the	DET
ftr-305	552	120	tax	tax	NOUN
ftr-305	552	121	upon	upon	SCONJ
ftr-305	552	122	a	a	DET
ftr-305	552	123	sale	sale	NOUN
ftr-305	552	124	by	by	ADP
ftr-305	552	125	the	the	DET
ftr-305	552	126	entity	entity	NOUN
ftr-305	552	127	.	.	PUNCT
ftr-305	553	1	and	and	CCONJ
ftr-305	553	2	repeal	repeal	NOUN
ftr-305	553	3	would	would	AUX
ftr-305	553	4	not	not	PART
ftr-305	553	5	cost	cost	VERB
ftr-305	553	6	that	that	PRON
ftr-305	553	7	much.118	much.118	VERB
ftr-305	553	8	the	the	DET
ftr-305	553	9	argument	argument	NOUN
ftr-305	553	10	that	that	SCONJ
ftr-305	553	11	the	the	DET
ftr-305	553	12	usrphc	usrphc	ADJ
ftr-305	553	13	rules	rule	NOUN
ftr-305	553	14	were	be	AUX
ftr-305	553	15	needed	need	VERB
ftr-305	553	16	to	to	PART
ftr-305	553	17	achieve	achieve	VERB
ftr-305	553	18	“	"	PUNCT
ftr-305	553	19	horizontal	horizontal	ADJ
ftr-305	553	20	equity	equity	NOUN
ftr-305	553	21	”	"	PUNCT
ftr-305	553	22	between	between	ADP
ftr-305	553	23	u.s	u.s	PROPN
ftr-305	553	24	.	.	PROPN
ftr-305	553	25	and	and	CCONJ
ftr-305	553	26	foreign	foreign	ADJ
ftr-305	553	27	business	business	NOUN
ftr-305	553	28	investment	investment	NOUN
ftr-305	553	29	in	in	ADP
ftr-305	553	30	real	real	ADJ
ftr-305	553	31	115	115	NUM
ftr-305	553	32	.	.	PUNCT
ftr-305	554	1	see	see	VERB
ftr-305	554	2	supra	supra	PROPN
ftr-305	554	3	note	note	PROPN
ftr-305	554	4	31	31	NUM
ftr-305	554	5	.	.	PUNCT
ftr-305	555	1	116	116	NUM
ftr-305	555	2	.	.	PUNCT
ftr-305	556	1	see	see	VERB
ftr-305	556	2	generally	generally	ADV
ftr-305	556	3	cynthia	cynthia	PROPN
ftr-305	556	4	blum	blum	PROPN
ftr-305	556	5	,	,	PUNCT
ftr-305	556	6	how	how	SCONJ
ftr-305	556	7	the	the	DET
ftr-305	556	8	united	united	PROPN
ftr-305	556	9	states	states	PROPN
ftr-305	556	10	should	should	AUX
ftr-305	556	11	tax	tax	VERB
ftr-305	556	12	foreign	foreign	ADJ
ftr-305	556	13	shareholders	shareholder	NOUN
ftr-305	556	14	,	,	PUNCT
ftr-305	556	15	7	7	NUM
ftr-305	556	16	va	va	NOUN
ftr-305	556	17	.	.	PUNCT
ftr-305	557	1	tax	tax	PROPN
ftr-305	557	2	rev	rev	PROPN
ftr-305	557	3	.	.	PROPN
ftr-305	557	4	583	583	NUM
ftr-305	557	5	(	(	PUNCT
ftr-305	557	6	1988	1988	NUM
ftr-305	557	7	)	)	PUNCT
ftr-305	557	8	;	;	PUNCT
ftr-305	557	9	alan	alan	PROPN
ftr-305	557	10	l.	l.	PROPN
ftr-305	557	11	feld	feld	PROPN
ftr-305	557	12	,	,	PUNCT
ftr-305	557	13	is	be	AUX
ftr-305	557	14	firpta	firpta	NOUN
ftr-305	557	15	(	(	PUNCT
ftr-305	557	16	partially	partially	ADV
ftr-305	557	17	)	)	PUNCT
ftr-305	557	18	obsolete	obsolete	ADJ
ftr-305	557	19	?	?	PUNCT
ftr-305	557	20	,	,	PUNCT
ftr-305	557	21	35	35	NUM
ftr-305	557	22	tax	tax	NOUN
ftr-305	557	23	notes	note	NOUN
ftr-305	557	24	607	607	NUM
ftr-305	557	25	(	(	PUNCT
ftr-305	557	26	may	may	PROPN
ftr-305	557	27	11	11	NUM
ftr-305	557	28	,	,	PUNCT
ftr-305	557	29	1987	1987	NUM
ftr-305	557	30	)	)	PUNCT
ftr-305	557	31	;	;	PUNCT
ftr-305	557	32	kaplan	kaplan	PROPN
ftr-305	557	33	,	,	PUNCT
ftr-305	557	34	creeping	creep	VERB
ftr-305	557	35	xenophonia	xenophonia	NOUN
ftr-305	557	36	,	,	PUNCT
ftr-305	557	37	supra	supra	PROPN
ftr-305	557	38	note	note	NOUN
ftr-305	557	39	3	3	NUM
ftr-305	557	40	.	.	NOUN
ftr-305	557	41	117	117	NUM
ftr-305	557	42	.	.	PUNCT
ftr-305	558	1	that	that	DET
ftr-305	558	2	one	one	NUM
ftr-305	558	3	tax	tax	NOUN
ftr-305	558	4	was	be	AUX
ftr-305	558	5	the	the	DET
ftr-305	558	6	purpose	purpose	NOUN
ftr-305	558	7	of	of	ADP
ftr-305	558	8	the	the	DET
ftr-305	558	9	usrphc	usrphc	ADJ
ftr-305	558	10	rules	rule	NOUN
ftr-305	558	11	seems	seem	VERB
ftr-305	558	12	clear	clear	ADJ
ftr-305	558	13	,	,	PUNCT
ftr-305	558	14	not	not	PART
ftr-305	558	15	only	only	ADV
ftr-305	558	16	from	from	ADP
ftr-305	558	17	the	the	DET
ftr-305	558	18	legislative	legislative	ADJ
ftr-305	558	19	history	history	NOUN
ftr-305	558	20	,	,	PUNCT
ftr-305	558	21	but	but	CCONJ
ftr-305	558	22	also	also	ADV
ftr-305	558	23	from	from	ADP
ftr-305	558	24	the	the	DET
ftr-305	558	25	“	"	PUNCT
ftr-305	558	26	cleansing	cleansing	NOUN
ftr-305	558	27	”	"	PUNCT
ftr-305	558	28	exception	exception	NOUN
ftr-305	558	29	and	and	CCONJ
ftr-305	558	30	from	from	ADP
ftr-305	558	31	the	the	DET
ftr-305	558	32	exceptions	exception	NOUN
ftr-305	558	33	from	from	ADP
ftr-305	558	34	gain	gain	NOUN
ftr-305	558	35	recognition	recognition	NOUN
ftr-305	558	36	where	where	SCONJ
ftr-305	558	37	basis	basis	NOUN
ftr-305	558	38	was	be	AUX
ftr-305	558	39	preserved	preserve	VERB
ftr-305	558	40	and	and	CCONJ
ftr-305	558	41	the	the	DET
ftr-305	558	42	ownership	ownership	NOUN
ftr-305	558	43	remained	remain	VERB
ftr-305	558	44	unchanged	unchanged	ADJ
ftr-305	558	45	.	.	PUNCT
ftr-305	559	1	see	see	VERB
ftr-305	559	2	i.r.c	i.r.c	NOUN
ftr-305	559	3	.	.	PUNCT
ftr-305	560	1	§	§	PROPN
ftr-305	560	2	§	§	PROPN
ftr-305	560	3	897(c)(1)(b	897(c)(1)(b	PROPN
ftr-305	560	4	)	)	PUNCT
ftr-305	560	5	,	,	PUNCT
ftr-305	560	6	897(d)(2	897(d)(2	NUM
ftr-305	560	7	)	)	PUNCT
ftr-305	560	8	,	,	PUNCT
ftr-305	560	9	897(e)(1	897(e)(1	NOUN
ftr-305	560	10	)	)	PUNCT
ftr-305	560	11	.	.	PUNCT
ftr-305	561	1	118	118	NUM
ftr-305	561	2	.	.	PUNCT
ftr-305	562	1	the	the	DET
ftr-305	562	2	estimate	estimate	NOUN
ftr-305	562	3	of	of	ADP
ftr-305	562	4	the	the	DET
ftr-305	562	5	staff	staff	NOUN
ftr-305	562	6	of	of	ADP
ftr-305	562	7	the	the	DET
ftr-305	562	8	joint	joint	ADJ
ftr-305	562	9	committee	committee	NOUN
ftr-305	562	10	was	be	AUX
ftr-305	562	11	less	less	ADJ
ftr-305	562	12	than	than	ADP
ftr-305	562	13	$	$	SYM
ftr-305	562	14	50	50	NUM
ftr-305	562	15	million	million	NUM
ftr-305	562	16	a	a	DET
ftr-305	562	17	year	year	NOUN
ftr-305	562	18	.	.	PUNCT
ftr-305	563	1	see	see	VERB
ftr-305	563	2	supra	supra	PROPN
ftr-305	563	3	note	note	PROPN
ftr-305	564	1	5	5	NUM
ftr-305	564	2	.	.	SYM
ftr-305	564	3	30	30	NUM
ftr-305	564	4	florida	florida	PROPN
ftr-305	564	5	tax	tax	NOUN
ftr-305	564	6	review	review	NOUN
ftr-305	564	7	[	[	X
ftr-305	564	8	vol	vol	NOUN
ftr-305	564	9	.	.	PUNCT
ftr-305	565	1	14:1	14:1	NUM
ftr-305	565	2	estate	estate	NOUN
ftr-305	565	3	was	be	AUX
ftr-305	565	4	misguided	misguide	VERB
ftr-305	565	5	.	.	PUNCT
ftr-305	566	1	in	in	ADP
ftr-305	566	2	the	the	DET
ftr-305	566	3	first	first	ADJ
ftr-305	566	4	place	place	NOUN
ftr-305	566	5	,	,	PUNCT
ftr-305	566	6	that	that	PRON
ftr-305	566	7	is	be	AUX
ftr-305	566	8	not	not	PART
ftr-305	566	9	the	the	DET
ftr-305	566	10	standard	standard	NOUN
ftr-305	566	11	by	by	ADP
ftr-305	566	12	which	which	PRON
ftr-305	566	13	the	the	DET
ftr-305	566	14	taxation	taxation	NOUN
ftr-305	566	15	of	of	ADP
ftr-305	566	16	foreign	foreign	ADJ
ftr-305	566	17	investment	investment	NOUN
ftr-305	566	18	is	be	AUX
ftr-305	566	19	tested	test	VERB
ftr-305	566	20	.	.	PUNCT
ftr-305	567	1	horizontal	horizontal	ADJ
ftr-305	567	2	equity	equity	PROPN
ftr-305	567	3	would	would	AUX
ftr-305	567	4	,	,	PUNCT
ftr-305	567	5	for	for	ADP
ftr-305	567	6	example	example	NOUN
ftr-305	567	7	,	,	PUNCT
ftr-305	567	8	imply	imply	VERB
ftr-305	567	9	the	the	DET
ftr-305	567	10	repeal	repeal	NOUN
ftr-305	567	11	of	of	ADP
ftr-305	567	12	the	the	DET
ftr-305	567	13	portfolio	portfolio	NOUN
ftr-305	567	14	interest	interest	NOUN
ftr-305	567	15	exemption	exemption	NOUN
ftr-305	567	16	(	(	PUNCT
ftr-305	567	17	since	since	SCONJ
ftr-305	567	18	no	no	DET
ftr-305	567	19	such	such	ADJ
ftr-305	567	20	exemption	exemption	NOUN
ftr-305	567	21	applies	apply	VERB
ftr-305	567	22	to	to	ADP
ftr-305	567	23	interest	interest	NOUN
ftr-305	567	24	received	receive	VERB
ftr-305	567	25	by	by	ADP
ftr-305	567	26	a	a	DET
ftr-305	567	27	domestic	domestic	ADJ
ftr-305	567	28	lender	lender	NOUN
ftr-305	567	29	)	)	PUNCT
ftr-305	567	30	,	,	PUNCT
ftr-305	567	31	reducing	reduce	VERB
ftr-305	567	32	the	the	DET
ftr-305	567	33	withholding	withholding	NOUN
ftr-305	567	34	tax	tax	NOUN
ftr-305	567	35	on	on	ADP
ftr-305	567	36	dividends	dividend	NOUN
ftr-305	567	37	paid	pay	VERB
ftr-305	567	38	to	to	PART
ftr-305	567	39	nonresident	nonresident	VERB
ftr-305	567	40	aliens	alien	NOUN
ftr-305	567	41	to	to	ADP
ftr-305	567	42	15	15	NUM
ftr-305	567	43	percent	percent	NOUN
ftr-305	567	44	(	(	PUNCT
ftr-305	567	45	since	since	SCONJ
ftr-305	567	46	that	that	PRON
ftr-305	567	47	is	be	AUX
ftr-305	567	48	the	the	DET
ftr-305	567	49	rate	rate	NOUN
ftr-305	567	50	that	that	PRON
ftr-305	567	51	applies	apply	VERB
ftr-305	567	52	to	to	ADP
ftr-305	567	53	u.s	u.s	PROPN
ftr-305	567	54	.	.	PROPN
ftr-305	567	55	residents	resident	NOUN
ftr-305	567	56	and	and	CCONJ
ftr-305	567	57	citizens	citizen	NOUN
ftr-305	567	58	)	)	PUNCT
ftr-305	567	59	,	,	PUNCT
ftr-305	567	60	and	and	CCONJ
ftr-305	567	61	so	so	ADV
ftr-305	567	62	on.119	on.119	PROPN
ftr-305	567	63	“	"	PUNCT
ftr-305	567	64	horizontal	horizontal	ADJ
ftr-305	567	65	equity	equity	NOUN
ftr-305	567	66	”	"	PUNCT
ftr-305	567	67	is	be	AUX
ftr-305	567	68	simply	simply	ADV
ftr-305	567	69	not	not	PART
ftr-305	567	70	the	the	DET
ftr-305	567	71	rule	rule	NOUN
ftr-305	567	72	applied	apply	VERB
ftr-305	567	73	to	to	ADP
ftr-305	567	74	investments	investment	NOUN
ftr-305	567	75	other	other	ADJ
ftr-305	567	76	than	than	ADP
ftr-305	567	77	in	in	ADP
ftr-305	567	78	interests	interest	NOUN
ftr-305	567	79	in	in	ADP
ftr-305	567	80	usrp	usrp	NOUN
ftr-305	567	81	.	.	PUNCT
ftr-305	568	1	nor	nor	CCONJ
ftr-305	568	2	does	do	AUX
ftr-305	568	3	the	the	DET
ftr-305	568	4	conventional	conventional	ADJ
ftr-305	568	5	understanding	understanding	NOUN
ftr-305	568	6	of	of	ADP
ftr-305	568	7	the	the	DET
ftr-305	568	8	“	"	PUNCT
ftr-305	568	9	source	source	NOUN
ftr-305	568	10	”	"	PUNCT
ftr-305	568	11	rules	rule	NOUN
ftr-305	568	12	justify	justify	VERB
ftr-305	568	13	taxing	tax	VERB
ftr-305	568	14	gain	gain	NOUN
ftr-305	568	15	from	from	ADP
ftr-305	568	16	the	the	DET
ftr-305	568	17	disposition	disposition	NOUN
ftr-305	568	18	of	of	ADP
ftr-305	568	19	an	an	DET
ftr-305	568	20	interest	interest	NOUN
ftr-305	568	21	in	in	ADP
ftr-305	568	22	a	a	DET
ftr-305	568	23	usrphc	usrphc	NOUN
ftr-305	568	24	.	.	PUNCT
ftr-305	569	1	there	there	PRON
ftr-305	569	2	is	be	VERB
ftr-305	569	3	no	no	DET
ftr-305	569	4	other	other	ADJ
ftr-305	569	5	place	place	NOUN
ftr-305	569	6	in	in	ADP
ftr-305	569	7	the	the	DET
ftr-305	569	8	internal	internal	ADJ
ftr-305	569	9	revenue	revenue	NOUN
ftr-305	569	10	code	code	NOUN
ftr-305	569	11	where	where	SCONJ
ftr-305	569	12	the	the	DET
ftr-305	569	13	source	source	NOUN
ftr-305	569	14	of	of	ADP
ftr-305	569	15	gain	gain	NOUN
ftr-305	569	16	from	from	ADP
ftr-305	569	17	the	the	DET
ftr-305	569	18	sale	sale	NOUN
ftr-305	569	19	of	of	ADP
ftr-305	569	20	shares	share	NOUN
ftr-305	569	21	of	of	ADP
ftr-305	569	22	a	a	DET
ftr-305	569	23	u.s	u.s	PROPN
ftr-305	569	24	.	.	PROPN
ftr-305	569	25	corporation	corporation	NOUN
ftr-305	569	26	is	be	AUX
ftr-305	569	27	based	base	VERB
ftr-305	569	28	on	on	ADP
ftr-305	569	29	the	the	DET
ftr-305	569	30	assets	asset	NOUN
ftr-305	569	31	of	of	ADP
ftr-305	569	32	the	the	DET
ftr-305	569	33	corporation	corporation	NOUN
ftr-305	569	34	.	.	PUNCT
ftr-305	570	1	then	then	ADV
ftr-305	570	2	there	there	PRON
ftr-305	570	3	is	be	VERB
ftr-305	570	4	the	the	DET
ftr-305	570	5	enormous	enormous	ADJ
ftr-305	570	6	complexity	complexity	NOUN
ftr-305	570	7	involved	involve	VERB
ftr-305	570	8	in	in	ADP
ftr-305	570	9	identifying	identify	VERB
ftr-305	570	10	and	and	CCONJ
ftr-305	570	11	taxing	tax	VERB
ftr-305	570	12	interests	interest	NOUN
ftr-305	570	13	in	in	ADP
ftr-305	570	14	usrphcs	usrphcs	PROPN
ftr-305	570	15	and	and	CCONJ
ftr-305	570	16	the	the	DET
ftr-305	570	17	distortions	distortion	NOUN
ftr-305	570	18	that	that	PRON
ftr-305	570	19	result	result	VERB
ftr-305	570	20	from	from	ADP
ftr-305	570	21	the	the	DET
ftr-305	570	22	domestically	domestically	ADV
ftr-305	570	23	-	-	PUNCT
ftr-305	570	24	controlled	control	VERB
ftr-305	570	25	reit	reit	NOUN
ftr-305	570	26	(	(	PUNCT
ftr-305	570	27	or	or	CCONJ
ftr-305	570	28	ric	ric	ADJ
ftr-305	570	29	)	)	PUNCT
ftr-305	570	30	rules	rule	NOUN
ftr-305	570	31	.	.	PUNCT
ftr-305	571	1	consider	consider	VERB
ftr-305	571	2	,	,	PUNCT
ftr-305	571	3	for	for	ADP
ftr-305	571	4	example	example	NOUN
ftr-305	571	5	,	,	PUNCT
ftr-305	571	6	the	the	DET
ftr-305	571	7	definition	definition	NOUN
ftr-305	571	8	of	of	ADP
ftr-305	571	9	a	a	DET
ftr-305	571	10	usrphc	usrphc	NOUN
ftr-305	571	11	(	(	PUNCT
ftr-305	571	12	e.g.	e.g.	ADV
ftr-305	571	13	,	,	PUNCT
ftr-305	571	14	the	the	DET
ftr-305	571	15	identification	identification	NOUN
ftr-305	571	16	of	of	ADP
ftr-305	571	17	“	"	PUNCT
ftr-305	571	18	determination	determination	NOUN
ftr-305	571	19	dates	date	NOUN
ftr-305	571	20	,	,	PUNCT
ftr-305	571	21	”	"	PUNCT
ftr-305	571	22	the	the	DET
ftr-305	571	23	methods	method	NOUN
ftr-305	571	24	of	of	ADP
ftr-305	571	25	valuation	valuation	NOUN
ftr-305	571	26	,	,	PUNCT
ftr-305	571	27	etc	etc	X
ftr-305	571	28	.	.	X
ftr-305	571	29	)	)	PUNCT
ftr-305	571	30	or	or	CCONJ
ftr-305	571	31	of	of	ADP
ftr-305	571	32	an	an	DET
ftr-305	571	33	interest	interest	NOUN
ftr-305	571	34	“	"	PUNCT
ftr-305	571	35	other	other	ADJ
ftr-305	571	36	than	than	ADP
ftr-305	571	37	a	a	DET
ftr-305	571	38	creditor	creditor	NOUN
ftr-305	571	39	”	"	PUNCT
ftr-305	571	40	in	in	ADP
ftr-305	571	41	a	a	DET
ftr-305	571	42	usrphc	usrphc	NOUN
ftr-305	571	43	.	.	PUNCT
ftr-305	572	1	and	and	CCONJ
ftr-305	572	2	,	,	PUNCT
ftr-305	572	3	having	have	VERB
ftr-305	572	4	applied	apply	VERB
ftr-305	572	5	firpta	firpta	NOUN
ftr-305	572	6	to	to	ADP
ftr-305	572	7	sales	sale	NOUN
ftr-305	572	8	and	and	CCONJ
ftr-305	572	9	other	other	ADJ
ftr-305	572	10	taxable	taxable	ADJ
ftr-305	572	11	dispositions	disposition	NOUN
ftr-305	572	12	of	of	ADP
ftr-305	572	13	interests	interest	NOUN
ftr-305	572	14	in	in	ADP
ftr-305	572	15	usrphcs	usrphcs	PROPN
ftr-305	572	16	,	,	PUNCT
ftr-305	572	17	the	the	DET
ftr-305	572	18	legislation	legislation	NOUN
ftr-305	572	19	went	go	VERB
ftr-305	572	20	on	on	ADP
ftr-305	572	21	to	to	PART
ftr-305	572	22	apply	apply	VERB
ftr-305	572	23	firpta	firpta	NOUN
ftr-305	572	24	to	to	ADP
ftr-305	572	25	any	any	DET
ftr-305	572	26	transactions	transaction	NOUN
ftr-305	572	27	in	in	ADP
ftr-305	572	28	which	which	PRON
ftr-305	572	29	an	an	DET
ftr-305	572	30	interest	interest	NOUN
ftr-305	572	31	in	in	ADP
ftr-305	572	32	a	a	DET
ftr-305	572	33	usrphc	usrphc	NOUN
ftr-305	572	34	was	be	AUX
ftr-305	572	35	exchanged	exchange	VERB
ftr-305	572	36	unless	unless	SCONJ
ftr-305	572	37	the	the	DET
ftr-305	572	38	exchange	exchange	NOUN
ftr-305	572	39	was	be	AUX
ftr-305	572	40	for	for	ADP
ftr-305	572	41	an	an	DET
ftr-305	572	42	interest	interest	NOUN
ftr-305	572	43	in	in	ADP
ftr-305	572	44	a	a	DET
ftr-305	572	45	usrphc	usrphc	ADJ
ftr-305	572	46	or	or	CCONJ
ftr-305	572	47	unless	unless	SCONJ
ftr-305	572	48	regulations	regulation	NOUN
ftr-305	572	49	provided	provide	VERB
ftr-305	572	50	further	further	ADJ
ftr-305	572	51	exceptions.120	exceptions.120	NOUN
ftr-305	572	52	presumably	presumably	ADV
ftr-305	572	53	the	the	DET
ftr-305	572	54	concern	concern	NOUN
ftr-305	572	55	was	be	AUX
ftr-305	572	56	that	that	SCONJ
ftr-305	572	57	,	,	PUNCT
ftr-305	572	58	absent	absent	ADJ
ftr-305	572	59	such	such	ADJ
ftr-305	572	60	rules	rule	NOUN
ftr-305	572	61	,	,	PUNCT
ftr-305	572	62	the	the	DET
ftr-305	572	63	unrecognized	unrecognized	ADJ
ftr-305	572	64	gain	gain	NOUN
ftr-305	572	65	could	could	AUX
ftr-305	572	66	in	in	ADP
ftr-305	572	67	a	a	DET
ftr-305	572	68	section	section	NOUN
ftr-305	572	69	351	351	NUM
ftr-305	572	70	exchange	exchange	NOUN
ftr-305	572	71	or	or	CCONJ
ftr-305	572	72	a	a	DET
ftr-305	572	73	tax	tax	NOUN
ftr-305	572	74	-	-	PUNCT
ftr-305	572	75	free	free	ADJ
ftr-305	572	76	reorganization	reorganization	NOUN
ftr-305	572	77	be	be	AUX
ftr-305	572	78	shifted	shift	VERB
ftr-305	572	79	to	to	ADP
ftr-305	572	80	someone	someone	PRON
ftr-305	572	81	else.121	else.121	VERB
ftr-305	572	82	the	the	DET
ftr-305	572	83	regulations	regulation	NOUN
ftr-305	572	84	start	start	VERB
ftr-305	572	85	with	with	ADP
ftr-305	572	86	the	the	DET
ftr-305	572	87	already	already	ADV
ftr-305	572	88	complex	complex	ADJ
ftr-305	572	89	rules	rule	NOUN
ftr-305	572	90	relating	relate	VERB
ftr-305	572	91	to	to	ADP
ftr-305	572	92	tax	tax	NOUN
ftr-305	572	93	-	-	PUNCT
ftr-305	572	94	free	free	ADJ
ftr-305	572	95	reorganizations	reorganization	NOUN
ftr-305	572	96	and	and	CCONJ
ftr-305	572	97	section	section	NOUN
ftr-305	572	98	351	351	NUM
ftr-305	572	99	transfers	transfer	NOUN
ftr-305	572	100	,	,	PUNCT
ftr-305	572	101	often	often	ADV
ftr-305	572	102	involving	involve	VERB
ftr-305	572	103	a	a	DET
ftr-305	572	104	foreign	foreign	ADJ
ftr-305	572	105	corporation	corporation	NOUN
ftr-305	572	106	(	(	PUNCT
ftr-305	572	107	and	and	CCONJ
ftr-305	572	108	thus	thus	ADV
ftr-305	572	109	section	section	NOUN
ftr-305	572	110	367	367	NUM
ftr-305	572	111	)	)	PUNCT
ftr-305	572	112	and	and	CCONJ
ftr-305	572	113	layer	layer	NOUN
ftr-305	572	114	on	on	ADP
ftr-305	572	115	top	top	NOUN
ftr-305	572	116	of	of	ADP
ftr-305	572	117	that	that	PRON
ftr-305	572	118	a	a	DET
ftr-305	572	119	whole	whole	ADJ
ftr-305	572	120	new	new	ADJ
ftr-305	572	121	set	set	NOUN
ftr-305	572	122	of	of	ADP
ftr-305	572	123	rules	rule	NOUN
ftr-305	572	124	intended	intend	VERB
ftr-305	572	125	to	to	PART
ftr-305	572	126	implement	implement	VERB
ftr-305	572	127	firpta	firpta	NOUN
ftr-305	572	128	.	.	PUNCT
ftr-305	573	1	many	many	ADJ
ftr-305	573	2	of	of	ADP
ftr-305	573	3	the	the	DET
ftr-305	573	4	transactions	transaction	NOUN
ftr-305	573	5	addressed	address	VERB
ftr-305	573	6	are	be	AUX
ftr-305	573	7	relevant	relevant	ADJ
ftr-305	573	8	to	to	ADP
ftr-305	573	9	publicly	publicly	ADV
ftr-305	573	10	-	-	PUNCT
ftr-305	573	11	traded	trade	VERB
ftr-305	573	12	corporations	corporation	NOUN
ftr-305	573	13	that	that	PRON
ftr-305	573	14	restructure	restructure	VERB
ftr-305	573	15	operations	operation	NOUN
ftr-305	573	16	which	which	PRON
ftr-305	573	17	may	may	AUX
ftr-305	573	18	include	include	VERB
ftr-305	573	19	an	an	DET
ftr-305	573	20	usrphc	usrphc	NOUN
ftr-305	573	21	,	,	PUNCT
ftr-305	573	22	not	not	PART
ftr-305	573	23	the	the	DET
ftr-305	573	24	closely	closely	ADV
ftr-305	573	25	-	-	PUNCT
ftr-305	573	26	held	hold	VERB
ftr-305	573	27	corporations	corporation	NOUN
ftr-305	573	28	that	that	SCONJ
ftr-305	573	29	firpta	firpta	NOUN
ftr-305	573	30	seems	seem	VERB
ftr-305	573	31	to	to	PART
ftr-305	573	32	have	have	AUX
ftr-305	573	33	been	be	AUX
ftr-305	573	34	focused	focus	VERB
ftr-305	573	35	on	on	ADP
ftr-305	573	36	;	;	PUNCT
ftr-305	573	37	and	and	CCONJ
ftr-305	573	38	most	most	ADJ
ftr-305	573	39	of	of	ADP
ftr-305	573	40	the	the	DET
ftr-305	573	41	firpta	firpta	NOUN
ftr-305	573	42	guidance	guidance	NOUN
ftr-305	573	43	in	in	ADP
ftr-305	573	44	the	the	DET
ftr-305	573	45	last	last	ADJ
ftr-305	573	46	ten	ten	NUM
ftr-305	573	47	years	year	NOUN
ftr-305	573	48	has	have	AUX
ftr-305	573	49	been	be	AUX
ftr-305	573	50	with	with	ADP
ftr-305	573	51	respect	respect	NOUN
ftr-305	573	52	to	to	ADP
ftr-305	573	53	these	these	DET
ftr-305	573	54	transactions.122	transactions.122	NOUN
ftr-305	573	55	119	119	NUM
ftr-305	573	56	.	.	PUNCT
ftr-305	574	1	for	for	ADP
ftr-305	574	2	a	a	DET
ftr-305	574	3	defense	defense	NOUN
ftr-305	574	4	of	of	ADP
ftr-305	574	5	the	the	DET
ftr-305	574	6	horizontal	horizontal	ADJ
ftr-305	574	7	equity	equity	NOUN
ftr-305	574	8	argument	argument	NOUN
ftr-305	574	9	,	,	PUNCT
ftr-305	574	10	see	see	VERB
ftr-305	574	11	brown	brown	ADJ
ftr-305	574	12	,	,	PUNCT
ftr-305	574	13	wither	wither	NOUN
ftr-305	574	14	firpta	firpta	NOUN
ftr-305	574	15	,	,	PUNCT
ftr-305	574	16	supra	supra	PROPN
ftr-305	574	17	note	note	NOUN
ftr-305	574	18	3	3	NUM
ftr-305	574	19	,	,	PUNCT
ftr-305	574	20	at	at	ADP
ftr-305	574	21	301	301	NUM
ftr-305	574	22	.	.	PUNCT
ftr-305	575	1	120	120	NUM
ftr-305	575	2	.	.	PUNCT
ftr-305	575	3	i.r.c	i.r.c	NOUN
ftr-305	575	4	.	.	PUNCT
ftr-305	576	1	§	§	PROPN
ftr-305	576	2	897(e	897(e	PROPN
ftr-305	576	3	)	)	PUNCT
ftr-305	576	4	.	.	PUNCT
ftr-305	577	1	121	121	NUM
ftr-305	577	2	.	.	PUNCT
ftr-305	578	1	section	section	NOUN
ftr-305	578	2	897(d	897(d	PROPN
ftr-305	578	3	)	)	PUNCT
ftr-305	578	4	provides	provide	VERB
ftr-305	578	5	that	that	SCONJ
ftr-305	578	6	a	a	DET
ftr-305	578	7	distribution	distribution	NOUN
ftr-305	578	8	of	of	ADP
ftr-305	578	9	a	a	DET
ftr-305	578	10	usrpi	usrpi	NOUN
ftr-305	578	11	by	by	ADP
ftr-305	578	12	a	a	DET
ftr-305	578	13	foreign	foreign	ADJ
ftr-305	578	14	corporation	corporation	NOUN
ftr-305	578	15	will	will	AUX
ftr-305	578	16	result	result	VERB
ftr-305	578	17	in	in	ADP
ftr-305	578	18	the	the	DET
ftr-305	578	19	recognition	recognition	NOUN
ftr-305	578	20	of	of	ADP
ftr-305	578	21	gain	gain	NOUN
ftr-305	578	22	as	as	SCONJ
ftr-305	578	23	though	though	SCONJ
ftr-305	578	24	the	the	DET
ftr-305	578	25	interest	interest	NOUN
ftr-305	578	26	had	have	AUX
ftr-305	578	27	been	be	AUX
ftr-305	578	28	sold	sell	VERB
ftr-305	578	29	at	at	ADP
ftr-305	578	30	fair	fair	ADJ
ftr-305	578	31	market	market	NOUN
ftr-305	578	32	value	value	NOUN
ftr-305	578	33	unless	unless	SCONJ
ftr-305	578	34	there	there	PRON
ftr-305	578	35	was	be	VERB
ftr-305	578	36	a	a	DET
ftr-305	578	37	carryover	carryover	NOUN
ftr-305	578	38	basis	basis	NOUN
ftr-305	578	39	to	to	ADP
ftr-305	578	40	the	the	DET
ftr-305	578	41	shareholder	shareholder	NOUN
ftr-305	578	42	and	and	CCONJ
ftr-305	578	43	the	the	DET
ftr-305	578	44	shareholder	shareholder	NOUN
ftr-305	578	45	would	would	AUX
ftr-305	578	46	be	be	AUX
ftr-305	578	47	taxed	tax	VERB
ftr-305	578	48	on	on	ADP
ftr-305	578	49	a	a	DET
ftr-305	578	50	subsequent	subsequent	ADJ
ftr-305	578	51	distribution	distribution	NOUN
ftr-305	578	52	or	or	CCONJ
ftr-305	578	53	unless	unless	SCONJ
ftr-305	578	54	the	the	DET
ftr-305	578	55	regulations	regulation	NOUN
ftr-305	578	56	provided	provide	VERB
ftr-305	578	57	a	a	DET
ftr-305	578	58	further	further	ADJ
ftr-305	578	59	exemption	exemption	NOUN
ftr-305	578	60	.	.	PUNCT
ftr-305	579	1	additionally	additionally	ADV
ftr-305	579	2	,	,	PUNCT
ftr-305	579	3	section	section	NOUN
ftr-305	579	4	897(j	897(j	PROPN
ftr-305	579	5	)	)	PUNCT
ftr-305	579	6	provides	provide	VERB
ftr-305	579	7	that	that	SCONJ
ftr-305	579	8	a	a	DET
ftr-305	579	9	contribution	contribution	NOUN
ftr-305	579	10	of	of	ADP
ftr-305	579	11	an	an	DET
ftr-305	579	12	interest	interest	NOUN
ftr-305	579	13	in	in	ADP
ftr-305	579	14	usrp	usrp	NOUN
ftr-305	579	15	to	to	ADP
ftr-305	579	16	the	the	DET
ftr-305	579	17	capital	capital	NOUN
ftr-305	579	18	of	of	ADP
ftr-305	579	19	a	a	DET
ftr-305	579	20	foreign	foreign	ADJ
ftr-305	579	21	corporation	corporation	NOUN
ftr-305	579	22	would	would	AUX
ftr-305	579	23	be	be	AUX
ftr-305	579	24	taxed	tax	VERB
ftr-305	579	25	as	as	ADP
ftr-305	579	26	a	a	DET
ftr-305	579	27	sale	sale	NOUN
ftr-305	579	28	at	at	ADP
ftr-305	579	29	fair	fair	ADJ
ftr-305	579	30	market	market	NOUN
ftr-305	579	31	value	value	NOUN
ftr-305	579	32	.	.	PUNCT
ftr-305	580	1	122	122	NUM
ftr-305	580	2	.	.	PUNCT
ftr-305	580	3	see	see	VERB
ftr-305	580	4	levy	levy	NOUN
ftr-305	580	5	,	,	PUNCT
ftr-305	580	6	nonrecognition	nonrecognition	NOUN
ftr-305	580	7	transactions	transaction	NOUN
ftr-305	580	8	,	,	PUNCT
ftr-305	580	9	supra	supra	PROPN
ftr-305	580	10	note	note	PROPN
ftr-305	580	11	56	56	NUM
ftr-305	580	12	,	,	PUNCT
ftr-305	580	13	(	(	PUNCT
ftr-305	580	14	recommending	recommend	VERB
ftr-305	580	15	the	the	DET
ftr-305	580	16	use	use	NOUN
ftr-305	580	17	of	of	ADP
ftr-305	580	18	“	"	PUNCT
ftr-305	580	19	a	a	DET
ftr-305	580	20	simple	simple	ADJ
ftr-305	580	21	rule	rule	NOUN
ftr-305	580	22	that	that	PRON
ftr-305	580	23	permits	permit	VERB
ftr-305	580	24	any	any	DET
ftr-305	580	25	foreign	foreign	ADJ
ftr-305	580	26	corporation	corporation	NOUN
ftr-305	580	27	to	to	PART
ftr-305	580	28	rely	rely	VERB
ftr-305	580	29	2013	2013	NUM
ftr-305	580	30	]	]	PUNCT
ftr-305	580	31	suppose	suppose	VERB
ftr-305	580	32	firpta	firpta	NOUN
ftr-305	580	33	was	be	AUX
ftr-305	580	34	repealed	repeal	VERB
ftr-305	580	35	31	31	NUM
ftr-305	580	36	a.	a.	NOUN
ftr-305	580	37	real	real	ADJ
ftr-305	580	38	estate	estate	NOUN
ftr-305	580	39	investment	investment	NOUN
ftr-305	580	40	trusts	trust	VERB
ftr-305	580	41	the	the	DET
ftr-305	580	42	exception	exception	NOUN
ftr-305	580	43	for	for	ADP
ftr-305	580	44	sales	sale	NOUN
ftr-305	580	45	of	of	ADP
ftr-305	580	46	shares	share	NOUN
ftr-305	580	47	of	of	ADP
ftr-305	580	48	domestically	domestically	ADV
ftr-305	580	49	-	-	PUNCT
ftr-305	580	50	controlled	control	VERB
ftr-305	580	51	reits	reit	NOUN
ftr-305	580	52	is	be	AUX
ftr-305	580	53	bizarre	bizarre	ADJ
ftr-305	580	54	.	.	PUNCT
ftr-305	581	1	why	why	SCONJ
ftr-305	581	2	was	be	AUX
ftr-305	581	3	this	this	PRON
ftr-305	581	4	enacted	enact	VERB
ftr-305	581	5	?	?	PUNCT
ftr-305	582	1	there	there	PRON
ftr-305	582	2	is	be	VERB
ftr-305	582	3	no	no	DET
ftr-305	582	4	meaningful	meaningful	ADJ
ftr-305	582	5	legislative	legislative	ADJ
ftr-305	582	6	history.123	history.123	NOUN
ftr-305	582	7	starting	start	VERB
ftr-305	582	8	with	with	ADP
ftr-305	582	9	the	the	DET
ftr-305	582	10	premise	premise	NOUN
ftr-305	582	11	that	that	SCONJ
ftr-305	582	12	the	the	DET
ftr-305	582	13	purpose	purpose	NOUN
ftr-305	582	14	of	of	ADP
ftr-305	582	15	firpta	firpta	NOUN
ftr-305	582	16	was	be	AUX
ftr-305	582	17	to	to	PART
ftr-305	582	18	quash	quash	VERB
ftr-305	582	19	“	"	PUNCT
ftr-305	582	20	planning	planning	NOUN
ftr-305	582	21	techniques	technique	NOUN
ftr-305	582	22	”	"	PUNCT
ftr-305	582	23	of	of	ADP
ftr-305	582	24	foreign	foreign	ADJ
ftr-305	582	25	investors	investor	NOUN
ftr-305	582	26	then	then	ADV
ftr-305	582	27	it	it	PRON
ftr-305	582	28	is	be	AUX
ftr-305	582	29	possible	possible	ADJ
ftr-305	582	30	that	that	SCONJ
ftr-305	582	31	the	the	DET
ftr-305	582	32	concern	concern	NOUN
ftr-305	582	33	that	that	PRON
ftr-305	582	34	a	a	DET
ftr-305	582	35	reit	reit	NOUN
ftr-305	582	36	could	could	AUX
ftr-305	582	37	be	be	AUX
ftr-305	582	38	used	use	VERB
ftr-305	582	39	for	for	ADP
ftr-305	582	40	that	that	DET
ftr-305	582	41	purpose	purpose	NOUN
ftr-305	582	42	would	would	AUX
ftr-305	582	43	be	be	AUX
ftr-305	582	44	mitigated	mitigate	VERB
ftr-305	582	45	if	if	SCONJ
ftr-305	582	46	the	the	DET
ftr-305	582	47	reit	reit	NOUN
ftr-305	582	48	was	be	AUX
ftr-305	582	49	domestically	domestically	ADV
ftr-305	582	50	controlled	control	VERB
ftr-305	582	51	.	.	PUNCT
ftr-305	583	1	it	it	PRON
ftr-305	583	2	may	may	AUX
ftr-305	583	3	also	also	ADV
ftr-305	583	4	have	have	AUX
ftr-305	583	5	been	be	AUX
ftr-305	583	6	that	that	PRON
ftr-305	583	7	reits	reit	NOUN
ftr-305	583	8	were	be	AUX
ftr-305	583	9	just	just	ADV
ftr-305	583	10	not	not	PART
ftr-305	583	11	as	as	ADV
ftr-305	583	12	important	important	ADJ
ftr-305	583	13	in	in	ADP
ftr-305	583	14	1980	1980	NUM
ftr-305	583	15	for	for	ADP
ftr-305	583	16	investing	invest	VERB
ftr-305	583	17	in	in	ADP
ftr-305	583	18	u.s	u.s	PROPN
ftr-305	583	19	.	.	PROPN
ftr-305	583	20	real	real	ADJ
ftr-305	583	21	estate	estate	NOUN
ftr-305	583	22	as	as	SCONJ
ftr-305	583	23	they	they	PRON
ftr-305	583	24	are	be	AUX
ftr-305	583	25	now	now	ADV
ftr-305	583	26	.	.	PUNCT
ftr-305	584	1	but	but	CCONJ
ftr-305	584	2	if	if	SCONJ
ftr-305	584	3	the	the	DET
ftr-305	584	4	exception	exception	NOUN
ftr-305	584	5	was	be	AUX
ftr-305	584	6	good	good	ADJ
ftr-305	584	7	for	for	ADP
ftr-305	584	8	reits	reit	NOUN
ftr-305	584	9	,	,	PUNCT
ftr-305	584	10	why	why	SCONJ
ftr-305	584	11	not	not	PART
ftr-305	584	12	for	for	ADP
ftr-305	584	13	others	other	NOUN
ftr-305	584	14	?	?	PUNCT
ftr-305	585	1	it	it	PRON
ftr-305	585	2	was	be	AUX
ftr-305	585	3	ultimately	ultimately	ADV
ftr-305	585	4	extended	extend	VERB
ftr-305	585	5	to	to	ADP
ftr-305	585	6	rics	ric	NOUN
ftr-305	585	7	that	that	PRON
ftr-305	585	8	were	be	AUX
ftr-305	585	9	usrpcs	usrpc	NOUN
ftr-305	585	10	and	and	CCONJ
ftr-305	585	11	domestically	domestically	ADV
ftr-305	585	12	controlled	control	VERB
ftr-305	585	13	,	,	PUNCT
ftr-305	585	14	but	but	CCONJ
ftr-305	585	15	not	not	PART
ftr-305	585	16	to	to	ADP
ftr-305	585	17	other	other	ADJ
ftr-305	585	18	usrphcs	usrphcs	NOUN
ftr-305	585	19	or	or	CCONJ
ftr-305	585	20	to	to	ADP
ftr-305	585	21	partnerships	partnership	NOUN
ftr-305	585	22	.	.	PUNCT
ftr-305	586	1	and	and	CCONJ
ftr-305	586	2	was	be	AUX
ftr-305	586	3	the	the	DET
ftr-305	586	4	premise	premise	NOUN
ftr-305	586	5	—	—	PUNCT
ftr-305	586	6	that	that	SCONJ
ftr-305	586	7	domestic	domestic	ADJ
ftr-305	586	8	control	control	NOUN
ftr-305	586	9	would	would	AUX
ftr-305	586	10	prevent	prevent	VERB
ftr-305	586	11	“	"	PUNCT
ftr-305	586	12	planning	planning	NOUN
ftr-305	586	13	techniques	technique	NOUN
ftr-305	586	14	”	"	PUNCT
ftr-305	586	15	and	and	CCONJ
ftr-305	586	16	“	"	PUNCT
ftr-305	586	17	mechanisms	mechanism	NOUN
ftr-305	586	18	”	"	PUNCT
ftr-305	586	19	to	to	PART
ftr-305	586	20	avoid	avoid	VERB
ftr-305	586	21	tax	tax	NOUN
ftr-305	586	22	—	—	PUNCT
ftr-305	586	23	correct	correct	ADJ
ftr-305	586	24	?	?	PUNCT
ftr-305	587	1	because	because	SCONJ
ftr-305	587	2	reits	reit	NOUN
ftr-305	587	3	can	can	AUX
ftr-305	587	4	easily	easily	ADV
ftr-305	587	5	be	be	AUX
ftr-305	587	6	controlled	control	VERB
ftr-305	587	7	by	by	ADP
ftr-305	587	8	one	one	NUM
ftr-305	587	9	or	or	CCONJ
ftr-305	587	10	a	a	DET
ftr-305	587	11	few	few	ADJ
ftr-305	587	12	investors	investor	NOUN
ftr-305	587	13	,	,	PUNCT
ftr-305	587	14	they	they	PRON
ftr-305	587	15	are	be	AUX
ftr-305	587	16	from	from	ADP
ftr-305	587	17	a	a	DET
ftr-305	587	18	planning	planning	NOUN
ftr-305	587	19	perspective	perspective	NOUN
ftr-305	587	20	not	not	PART
ftr-305	587	21	really	really	ADV
ftr-305	587	22	a	a	DET
ftr-305	587	23	more	more	ADV
ftr-305	587	24	complicated	complicated	ADJ
ftr-305	587	25	choice	choice	NOUN
ftr-305	587	26	than	than	ADP
ftr-305	587	27	a	a	DET
ftr-305	587	28	privatelyheld	privatelyheld	NOUN
ftr-305	587	29	partnership	partnership	NOUN
ftr-305	587	30	or	or	CCONJ
ftr-305	587	31	a	a	DET
ftr-305	587	32	corporation	corporation	NOUN
ftr-305	587	33	.	.	PUNCT
ftr-305	588	1	this	this	PRON
ftr-305	588	2	seems	seem	VERB
ftr-305	588	3	evident	evident	ADJ
ftr-305	588	4	from	from	ADP
ftr-305	588	5	some	some	PRON
ftr-305	588	6	of	of	ADP
ftr-305	588	7	the	the	DET
ftr-305	588	8	uses	use	NOUN
ftr-305	588	9	to	to	PART
ftr-305	588	10	which	which	PRON
ftr-305	588	11	reits	reit	NOUN
ftr-305	588	12	have	have	AUX
ftr-305	588	13	been	be	AUX
ftr-305	588	14	put	put	VERB
ftr-305	588	15	,	,	PUNCT
ftr-305	588	16	both	both	CCONJ
ftr-305	588	17	in	in	ADP
ftr-305	588	18	the	the	DET
ftr-305	588	19	case	case	NOUN
ftr-305	588	20	of	of	ADP
ftr-305	588	21	foreign	foreign	ADJ
ftr-305	588	22	investment	investment	NOUN
ftr-305	588	23	in	in	ADP
ftr-305	588	24	usrp	usrp	NOUN
ftr-305	588	25	and	and	CCONJ
ftr-305	588	26	in	in	ADP
ftr-305	588	27	other	other	ADJ
ftr-305	588	28	contexts	contexts	NOUN
ftr-305	588	29	.	.	PUNCT
ftr-305	589	1	indeed	indeed	ADV
ftr-305	589	2	,	,	PUNCT
ftr-305	589	3	one	one	NUM
ftr-305	589	4	point	point	NOUN
ftr-305	589	5	that	that	SCONJ
ftr-305	589	6	the	the	DET
ftr-305	589	7	debate	debate	NOUN
ftr-305	589	8	on	on	ADP
ftr-305	589	9	firpta	firpta	NOUN
ftr-305	589	10	repeal	repeal	NOUN
ftr-305	589	11	neglects	neglect	VERB
ftr-305	589	12	is	be	AUX
ftr-305	589	13	the	the	DET
ftr-305	589	14	treatment	treatment	NOUN
ftr-305	589	15	of	of	ADP
ftr-305	589	16	pass	pass	NOUN
ftr-305	589	17	-	-	PUNCT
ftr-305	589	18	throughs	throughs	NOUN
ftr-305	589	19	.	.	PUNCT
ftr-305	590	1	some	some	PRON
ftr-305	590	2	seem	seem	VERB
ftr-305	590	3	to	to	PART
ftr-305	590	4	assume	assume	VERB
ftr-305	590	5	that	that	SCONJ
ftr-305	590	6	there	there	PRON
ftr-305	590	7	is	be	VERB
ftr-305	590	8	either	either	CCONJ
ftr-305	590	9	direct	direct	ADJ
ftr-305	590	10	investment	investment	NOUN
ftr-305	590	11	in	in	ADP
ftr-305	590	12	usrp	usrp	NOUN
ftr-305	590	13	or	or	CCONJ
ftr-305	590	14	investment	investment	NOUN
ftr-305	590	15	by	by	ADP
ftr-305	590	16	a	a	DET
ftr-305	590	17	corporation	corporation	NOUN
ftr-305	590	18	,	,	PUNCT
ftr-305	590	19	whether	whether	SCONJ
ftr-305	590	20	u.s	u.s	PROPN
ftr-305	590	21	.	.	PROPN
ftr-305	590	22	or	or	CCONJ
ftr-305	590	23	foreign	foreign	ADJ
ftr-305	590	24	,	,	PUNCT
ftr-305	590	25	and	and	CCONJ
ftr-305	590	26	thus	thus	ADV
ftr-305	590	27	do	do	AUX
ftr-305	590	28	not	not	PART
ftr-305	590	29	consider	consider	VERB
ftr-305	590	30	the	the	DET
ftr-305	590	31	central	central	ADJ
ftr-305	590	32	importance	importance	NOUN
ftr-305	590	33	of	of	ADP
ftr-305	590	34	reits	reit	NOUN
ftr-305	590	35	to	to	ADP
ftr-305	590	36	foreign	foreign	ADJ
ftr-305	590	37	investment	investment	NOUN
ftr-305	590	38	in	in	ADP
ftr-305	590	39	u.s	u.s	PROPN
ftr-305	590	40	.	.	PROPN
ftr-305	590	41	real	real	ADJ
ftr-305	590	42	property.124	property.124	NOUN
ftr-305	590	43	although	although	SCONJ
ftr-305	590	44	promoted	promote	VERB
ftr-305	590	45	as	as	ADP
ftr-305	590	46	“	"	PUNCT
ftr-305	590	47	mutual	mutual	ADJ
ftr-305	590	48	funds	fund	NOUN
ftr-305	590	49	for	for	ADP
ftr-305	590	50	real	real	ADJ
ftr-305	590	51	estate	estate	NOUN
ftr-305	590	52	”	"	PUNCT
ftr-305	590	53	when	when	SCONJ
ftr-305	590	54	the	the	DET
ftr-305	590	55	reit	reit	NOUN
ftr-305	590	56	rules	rule	NOUN
ftr-305	590	57	were	be	AUX
ftr-305	590	58	enacted	enact	VERB
ftr-305	590	59	in	in	ADP
ftr-305	590	60	1960	1960	NUM
ftr-305	590	61	,	,	PUNCT
ftr-305	590	62	that	that	DET
ftr-305	590	63	view	view	NOUN
ftr-305	590	64	misses	miss	VERB
ftr-305	590	65	the	the	DET
ftr-305	590	66	point	point	NOUN
ftr-305	590	67	that	that	SCONJ
ftr-305	590	68	today	today	NOUN
ftr-305	590	69	a	a	DET
ftr-305	590	70	large	large	ADJ
ftr-305	590	71	part	part	NOUN
ftr-305	590	72	of	of	ADP
ftr-305	590	73	the	the	DET
ftr-305	590	74	reit	reit	NOUN
ftr-305	590	75	population	population	NOUN
ftr-305	590	76	consists	consist	VERB
ftr-305	590	77	of	of	ADP
ftr-305	590	78	reits	reit	NOUN
ftr-305	590	79	created	create	VERB
ftr-305	590	80	by	by	ADP
ftr-305	590	81	a	a	DET
ftr-305	590	82	few	few	ADJ
ftr-305	590	83	investors	investor	NOUN
ftr-305	590	84	for	for	ADP
ftr-305	590	85	the	the	DET
ftr-305	590	86	purpose	purpose	NOUN
ftr-305	590	87	of	of	ADP
ftr-305	590	88	making	make	VERB
ftr-305	590	89	specific	specific	ADJ
ftr-305	590	90	investments	investment	NOUN
ftr-305	590	91	.	.	PUNCT
ftr-305	591	1	while	while	SCONJ
ftr-305	591	2	reit	reit	NOUN
ftr-305	591	3	qualification	qualification	NOUN
ftr-305	591	4	requires	require	VERB
ftr-305	591	5	that	that	SCONJ
ftr-305	591	6	there	there	PRON
ftr-305	591	7	be	be	VERB
ftr-305	591	8	100	100	NUM
ftr-305	591	9	or	or	CCONJ
ftr-305	591	10	more	more	ADV
ftr-305	591	11	beneficial	beneficial	ADJ
ftr-305	591	12	owners	owner	NOUN
ftr-305	591	13	(	(	PUNCT
ftr-305	591	14	presumably	presumably	ADV
ftr-305	591	15	by	by	ADP
ftr-305	591	16	analogy	analogy	NOUN
ftr-305	591	17	to	to	ADP
ftr-305	591	18	the	the	DET
ftr-305	591	19	trigger	trigger	NOUN
ftr-305	591	20	for	for	ADP
ftr-305	591	21	ʼ40	ʼ40	NUM
ftr-305	591	22	act	act	NOUN
ftr-305	591	23	registration	registration	NOUN
ftr-305	591	24	in	in	ADP
ftr-305	591	25	the	the	DET
ftr-305	591	26	case	case	NOUN
ftr-305	591	27	of	of	ADP
ftr-305	591	28	a	a	DET
ftr-305	591	29	ric),125	ric),125	ADJ
ftr-305	591	30	the	the	DET
ftr-305	591	31	ownership	ownership	NOUN
ftr-305	591	32	of	of	ADP
ftr-305	591	33	the	the	DET
ftr-305	591	34	shares	share	NOUN
ftr-305	591	35	needed	need	VERB
ftr-305	591	36	to	to	PART
ftr-305	591	37	meet	meet	VERB
ftr-305	591	38	this	this	DET
ftr-305	591	39	requirement	requirement	NOUN
ftr-305	591	40	can	can	AUX
ftr-305	591	41	be	be	AUX
ftr-305	591	42	nominal	nominal	ADJ
ftr-305	591	43	in	in	ADP
ftr-305	591	44	both	both	DET
ftr-305	591	45	voting	vote	VERB
ftr-305	591	46	power	power	NOUN
ftr-305	591	47	and	and	CCONJ
ftr-305	591	48	value	value	NOUN
ftr-305	591	49	;	;	PUNCT
ftr-305	591	50	and	and	CCONJ
ftr-305	591	51	if	if	SCONJ
ftr-305	591	52	there	there	PRON
ftr-305	591	53	is	be	VERB
ftr-305	591	54	on	on	ADP
ftr-305	591	55	any	any	DET
ftr-305	591	56	nonrecognition	nonrecognition	NOUN
ftr-305	591	57	provision	provision	NOUN
ftr-305	591	58	in	in	ADP
ftr-305	591	59	connection	connection	NOUN
ftr-305	591	60	with	with	ADP
ftr-305	591	61	the	the	DET
ftr-305	591	62	transfer	transfer	NOUN
ftr-305	591	63	of	of	ADP
ftr-305	591	64	any	any	DET
ftr-305	591	65	usrpi	usrpi	NOUN
ftr-305	591	66	to	to	ADP
ftr-305	591	67	any	any	DET
ftr-305	591	68	other	other	ADJ
ftr-305	591	69	corporation	corporation	NOUN
ftr-305	591	70	(	(	PUNCT
ftr-305	591	71	whether	whether	SCONJ
ftr-305	591	72	foreign	foreign	ADJ
ftr-305	591	73	or	or	CCONJ
ftr-305	591	74	domestic	domestic	ADJ
ftr-305	591	75	)	)	PUNCT
ftr-305	591	76	as	as	ADV
ftr-305	591	77	long	long	ADV
ftr-305	591	78	as	as	SCONJ
ftr-305	591	79	the	the	DET
ftr-305	591	80	recipient	recipient	NOUN
ftr-305	591	81	corporation	corporation	NOUN
ftr-305	591	82	of	of	ADP
ftr-305	591	83	the	the	DET
ftr-305	591	84	usrpi	usrpi	NOUN
ftr-305	591	85	takes	take	VERB
ftr-305	591	86	a	a	DET
ftr-305	591	87	carryover	carryover	NOUN
ftr-305	591	88	basis	basis	NOUN
ftr-305	591	89	in	in	ADP
ftr-305	591	90	the	the	DET
ftr-305	591	91	usrpi	usrpi	NOUN
ftr-305	591	92	,	,	PUNCT
ftr-305	591	93	and	and	CCONJ
ftr-305	591	94	that	that	SCONJ
ftr-305	591	95	the	the	DET
ftr-305	591	96	recipient	recipient	NOUN
ftr-305	591	97	would	would	AUX
ftr-305	591	98	be	be	AUX
ftr-305	591	99	subject	subject	ADJ
ftr-305	591	100	to	to	ADP
ftr-305	591	101	u.s	u.s	PROPN
ftr-305	591	102	.	.	PROPN
ftr-305	591	103	tax	tax	NOUN
ftr-305	591	104	on	on	ADP
ftr-305	591	105	.	.	PUNCT
ftr-305	591	106	.	.	PUNCT
ftr-305	591	107	.	.	PUNCT
ftr-305	592	1	a	a	DET
ftr-305	592	2	disposition	disposition	NOUN
ftr-305	592	3	of	of	ADP
ftr-305	592	4	the	the	DET
ftr-305	592	5	usrpi	usrpi	NOUN
ftr-305	592	6	.	.	PUNCT
ftr-305	592	7	”	"	PUNCT
ftr-305	592	8	)	)	PUNCT
ftr-305	592	9	.	.	PUNCT
ftr-305	593	1	on	on	ADP
ftr-305	593	2	the	the	DET
ftr-305	593	3	regulations	regulation	NOUN
ftr-305	593	4	,	,	PUNCT
ftr-305	593	5	see	see	VERB
ftr-305	593	6	generally	generally	ADV
ftr-305	593	7	kimberly	kimberly	PROPN
ftr-305	593	8	s.	s.	PROPN
ftr-305	593	9	blanchard	blanchard	PROPN
ftr-305	593	10	,	,	PUNCT
ftr-305	593	11	firpta	firpta	NOUN
ftr-305	593	12	in	in	ADP
ftr-305	593	13	the	the	DET
ftr-305	593	14	21st	21st	ADJ
ftr-305	593	15	century	century	NOUN
ftr-305	593	16	–	–	PUNCT
ftr-305	593	17	installment	installment	NOUN
ftr-305	593	18	one	one	NUM
ftr-305	593	19	:	:	PUNCT
ftr-305	593	20	a	a	DET
ftr-305	593	21	closer	close	ADJ
ftr-305	593	22	look	look	NOUN
ftr-305	593	23	at	at	ADP
ftr-305	593	24	regs	reg	NOUN
ftr-305	593	25	.	.	PUNCT
ftr-305	594	1	§	§	VERB
ftr-305	594	2	1.897	1.897	NUM
ftr-305	594	3	-	-	NUM
ftr-305	594	4	5t(c	5t(c	NUM
ftr-305	594	5	)	)	PUNCT
ftr-305	594	6	,	,	PUNCT
ftr-305	594	7	36	36	NUM
ftr-305	594	8	tax	tax	NOUN
ftr-305	594	9	mgm’t	mgm’t	PROPN
ftr-305	594	10	int’l	int’l	NUM
ftr-305	594	11	.	.	PUNCT
ftr-305	595	1	j.	j.	PROPN
ftr-305	595	2	520	520	NUM
ftr-305	595	3	(	(	PUNCT
ftr-305	595	4	2007	2007	NUM
ftr-305	595	5	)	)	PUNCT
ftr-305	595	6	.	.	PUNCT
ftr-305	596	1	123	123	NUM
ftr-305	596	2	.	.	PUNCT
ftr-305	597	1	see	see	VERB
ftr-305	597	2	h.r	h.r	PROPN
ftr-305	597	3	.	.	PROPN
ftr-305	597	4	rep	rep	PROPN
ftr-305	597	5	.	.	PROPN
ftr-305	598	1	no	no	INTJ
ftr-305	598	2	.	.	NOUN
ftr-305	599	1	96	96	NUM
ftr-305	599	2	-	-	SYM
ftr-305	599	3	1479	1479	NUM
ftr-305	599	4	,	,	PUNCT
ftr-305	599	5	at	at	ADP
ftr-305	599	6	188	188	NUM
ftr-305	599	7	(	(	PUNCT
ftr-305	599	8	1979	1979	NUM
ftr-305	599	9	)	)	PUNCT
ftr-305	599	10	(	(	PUNCT
ftr-305	599	11	conf	conf	NOUN
ftr-305	599	12	.	.	PUNCT
ftr-305	599	13	rep	rep	PROPN
ftr-305	599	14	.	.	PROPN
ftr-305	599	15	)	)	PUNCT
ftr-305	600	1	(	(	PUNCT
ftr-305	600	2	stating	state	VERB
ftr-305	600	3	simply	simply	ADV
ftr-305	600	4	that	that	SCONJ
ftr-305	600	5	“	"	PUNCT
ftr-305	600	6	[	[	X
ftr-305	600	7	i]n	i]n	VERB
ftr-305	600	8	the	the	DET
ftr-305	600	9	case	case	NOUN
ftr-305	600	10	of	of	ADP
ftr-305	600	11	reits	reit	NOUN
ftr-305	600	12	which	which	PRON
ftr-305	600	13	are	be	AUX
ftr-305	600	14	controlled	control	VERB
ftr-305	600	15	by	by	ADP
ftr-305	600	16	u.s	u.s	PROPN
ftr-305	600	17	.	.	PROPN
ftr-305	600	18	persons	person	NOUN
ftr-305	600	19	,	,	PUNCT
ftr-305	600	20	sales	sale	NOUN
ftr-305	600	21	of	of	ADP
ftr-305	600	22	the	the	DET
ftr-305	600	23	reit	reit	NOUN
ftr-305	600	24	shares	share	NOUN
ftr-305	600	25	by	by	ADP
ftr-305	600	26	foreign	foreign	ADJ
ftr-305	600	27	shareholders	shareholder	NOUN
ftr-305	600	28	would	would	AUX
ftr-305	600	29	not	not	PART
ftr-305	600	30	be	be	AUX
ftr-305	600	31	subject	subject	ADJ
ftr-305	600	32	to	to	ADP
ftr-305	600	33	tax	tax	NOUN
ftr-305	600	34	(	(	PUNCT
ftr-305	600	35	other	other	ADJ
ftr-305	600	36	than	than	ADP
ftr-305	600	37	in	in	ADP
ftr-305	600	38	the	the	DET
ftr-305	600	39	case	case	NOUN
ftr-305	600	40	of	of	ADP
ftr-305	600	41	distributions	distribution	NOUN
ftr-305	600	42	by	by	ADP
ftr-305	600	43	the	the	DET
ftr-305	600	44	reit	reit	NOUN
ftr-305	600	45	)	)	PUNCT
ftr-305	600	46	.	.	PUNCT
ftr-305	600	47	”	"	PUNCT
ftr-305	600	48	)	)	PUNCT
ftr-305	600	49	.	.	PUNCT
ftr-305	601	1	124	124	NUM
ftr-305	601	2	.	.	PUNCT
ftr-305	602	1	see	see	VERB
ftr-305	602	2	,	,	PUNCT
ftr-305	602	3	e.g.	e.g.	ADV
ftr-305	602	4	,	,	PUNCT
ftr-305	602	5	brown	brown	ADJ
ftr-305	602	6	,	,	PUNCT
ftr-305	602	7	wither	wither	NOUN
ftr-305	602	8	firpta	firpta	NOUN
ftr-305	602	9	,	,	PUNCT
ftr-305	602	10	supra	supra	PROPN
ftr-305	602	11	note	note	NOUN
ftr-305	602	12	3	3	NUM
ftr-305	602	13	,	,	PUNCT
ftr-305	602	14	at	at	ADP
ftr-305	602	15	300	300	NUM
ftr-305	602	16	.	.	PUNCT
ftr-305	603	1	125	125	NUM
ftr-305	603	2	.	.	PUNCT
ftr-305	603	3	see	see	VERB
ftr-305	603	4	i.r.c	i.r.c	NOUN
ftr-305	603	5	.	.	PUNCT
ftr-305	604	1	§	§	PROPN
ftr-305	604	2	856(a)(5	856(a)(5	PROPN
ftr-305	604	3	)	)	PUNCT
ftr-305	604	4	(	(	PUNCT
ftr-305	604	5	requiring	require	VERB
ftr-305	604	6	that	that	SCONJ
ftr-305	604	7	“	"	PUNCT
ftr-305	604	8	the	the	DET
ftr-305	604	9	beneficial	beneficial	ADJ
ftr-305	604	10	ownership	ownership	NOUN
ftr-305	604	11	.	.	PUNCT
ftr-305	604	12	.	.	PUNCT
ftr-305	604	13	.	.	PUNCT
ftr-305	605	1	is	be	AUX
ftr-305	605	2	held	hold	VERB
ftr-305	605	3	by	by	ADP
ftr-305	605	4	100	100	NUM
ftr-305	605	5	or	or	CCONJ
ftr-305	605	6	more	more	ADJ
ftr-305	605	7	persons	person	NOUN
ftr-305	605	8	”	"	PUNCT
ftr-305	605	9	)	)	PUNCT
ftr-305	605	10	.	.	PUNCT
ftr-305	606	1	32	32	NUM
ftr-305	606	2	florida	florida	PROPN
ftr-305	606	3	tax	tax	NOUN
ftr-305	606	4	review	review	NOUN
ftr-305	606	5	[	[	X
ftr-305	606	6	vol	vol	NOUN
ftr-305	606	7	.	.	PUNCT
ftr-305	607	1	14:1	14:1	NUM
ftr-305	607	2	no	no	DET
ftr-305	607	3	other	other	ADJ
ftr-305	607	4	way	way	NOUN
ftr-305	607	5	to	to	PART
ftr-305	607	6	scrape	scrape	VERB
ftr-305	607	7	up	up	ADP
ftr-305	607	8	the	the	DET
ftr-305	607	9	needed	need	VERB
ftr-305	607	10	shareholders	shareholder	NOUN
ftr-305	607	11	,	,	PUNCT
ftr-305	607	12	they	they	PRON
ftr-305	607	13	can	can	AUX
ftr-305	607	14	be	be	AUX
ftr-305	607	15	found	find	VERB
ftr-305	607	16	online	online	ADJ
ftr-305	607	17	—	—	PUNCT
ftr-305	607	18	as	as	SCONJ
ftr-305	607	19	one	one	NUM
ftr-305	607	20	organization	organization	NOUN
ftr-305	607	21	says	say	VERB
ftr-305	607	22	,	,	PUNCT
ftr-305	607	23	“	"	PUNCT
ftr-305	607	24	call	call	VERB
ftr-305	607	25	us	we	PRON
ftr-305	607	26	today	today	NOUN
ftr-305	607	27	.	.	PUNCT
ftr-305	608	1	you	you	PRON
ftr-305	608	2	’ll	’ll	AUX
ftr-305	608	3	be	be	AUX
ftr-305	608	4	amazed	amazed	ADJ
ftr-305	608	5	at	at	ADP
ftr-305	608	6	how	how	SCONJ
ftr-305	608	7	easy	easy	ADV
ftr-305	608	8	we	we	PRON
ftr-305	608	9	make	make	VERB
ftr-305	608	10	it	it	PRON
ftr-305	608	11	.	.	PUNCT
ftr-305	608	12	”126	”126	PUNCT
ftr-305	609	1	thus	thus	ADV
ftr-305	609	2	,	,	PUNCT
ftr-305	609	3	a	a	DET
ftr-305	609	4	reit	reit	NOUN
ftr-305	609	5	can	can	AUX
ftr-305	609	6	be	be	AUX
ftr-305	609	7	largely	largely	ADV
ftr-305	609	8	owned	own	VERB
ftr-305	609	9	by	by	ADP
ftr-305	609	10	a	a	DET
ftr-305	609	11	single	single	ADJ
ftr-305	609	12	investor127	investor127	PROPN
ftr-305	609	13	and	and	CCONJ
ftr-305	609	14	can	can	AUX
ftr-305	609	15	be	be	AUX
ftr-305	609	16	created	create	VERB
ftr-305	609	17	solely	solely	ADV
ftr-305	609	18	for	for	ADP
ftr-305	609	19	the	the	DET
ftr-305	609	20	purpose	purpose	NOUN
ftr-305	609	21	of	of	ADP
ftr-305	609	22	a	a	DET
ftr-305	609	23	specific	specific	ADJ
ftr-305	609	24	investment	investment	NOUN
ftr-305	609	25	;	;	PUNCT
ftr-305	609	26	indeed	indeed	ADV
ftr-305	609	27	this	this	PRON
ftr-305	609	28	has	have	AUX
ftr-305	609	29	facilitated	facilitate	VERB
ftr-305	609	30	some	some	PRON
ftr-305	609	31	of	of	ADP
ftr-305	609	32	the	the	DET
ftr-305	609	33	more	more	ADV
ftr-305	609	34	abusive	abusive	ADJ
ftr-305	609	35	uses	use	NOUN
ftr-305	609	36	of	of	ADP
ftr-305	609	37	reits	reit	NOUN
ftr-305	609	38	over	over	ADP
ftr-305	609	39	the	the	DET
ftr-305	609	40	years	year	NOUN
ftr-305	609	41	,	,	PUNCT
ftr-305	609	42	not	not	PART
ftr-305	609	43	only	only	ADV
ftr-305	609	44	in	in	ADP
ftr-305	609	45	the	the	DET
ftr-305	609	46	case	case	NOUN
ftr-305	609	47	of	of	ADP
ftr-305	609	48	foreign	foreign	ADJ
ftr-305	609	49	investment	investment	NOUN
ftr-305	609	50	in	in	ADP
ftr-305	609	51	u.s	u.s	PROPN
ftr-305	609	52	.	.	PROPN
ftr-305	609	53	real	real	ADJ
ftr-305	609	54	property128	property128	PROPN
ftr-305	609	55	but	but	CCONJ
ftr-305	609	56	also	also	ADV
ftr-305	609	57	in	in	ADP
ftr-305	609	58	other	other	ADJ
ftr-305	609	59	areas	area	NOUN
ftr-305	609	60	.	.	PUNCT
ftr-305	610	1	for	for	ADP
ftr-305	610	2	example	example	NOUN
ftr-305	610	3	,	,	PUNCT
ftr-305	610	4	reits	reit	NOUN
ftr-305	610	5	have	have	AUX
ftr-305	610	6	been	be	AUX
ftr-305	610	7	used	use	VERB
ftr-305	610	8	in	in	ADP
ftr-305	610	9	“	"	PUNCT
ftr-305	610	10	abusive	abusive	ADJ
ftr-305	610	11	”	"	PUNCT
ftr-305	610	12	transactions	transaction	NOUN
ftr-305	610	13	(	(	PUNCT
ftr-305	610	14	most	most	ADV
ftr-305	610	15	famously	famously	ADV
ftr-305	610	16	,	,	PUNCT
ftr-305	610	17	to	to	PART
ftr-305	610	18	issue	issue	VERB
ftr-305	610	19	so	so	ADV
ftr-305	610	20	-	-	PUNCT
ftr-305	610	21	called	call	VERB
ftr-305	610	22	fast	fast	ADJ
ftr-305	610	23	-	-	PUNCT
ftr-305	610	24	pay	pay	NOUN
ftr-305	610	25	stock)129	stock)129	NUM
ftr-305	610	26	and	and	CCONJ
ftr-305	610	27	in	in	ADP
ftr-305	610	28	state	state	NOUN
ftr-305	610	29	and	and	CCONJ
ftr-305	610	30	local	local	ADJ
ftr-305	610	31	tax	tax	NOUN
ftr-305	610	32	planning.130	planning.130	NOUN
ftr-305	610	33	126	126	NUM
ftr-305	610	34	.	.	PUNCT
ftr-305	611	1	the	the	DET
ftr-305	611	2	fastest	fast	ADJ
ftr-305	611	3	,	,	PUNCT
ftr-305	611	4	most	most	ADV
ftr-305	611	5	economical	economical	ADJ
ftr-305	611	6	and	and	CCONJ
ftr-305	611	7	easiest	easy	ADJ
ftr-305	611	8	way	way	NOUN
ftr-305	611	9	to	to	PART
ftr-305	611	10	fulfill	fulfill	VERB
ftr-305	611	11	the	the	DET
ftr-305	611	12	100	100	NUM
ftr-305	611	13	shareholder	shareholder	NOUN
ftr-305	611	14	requirement	requirement	NOUN
ftr-305	611	15	,	,	PUNCT
ftr-305	611	16	reit	reit	PROPN
ftr-305	611	17	funding	funding	PROPN
ftr-305	611	18	,	,	PUNCT
ftr-305	611	19	llc	llc	PROPN
ftr-305	611	20	,	,	PUNCT
ftr-305	611	21	http://www.reit-funding.com	http://www.reit-funding.com	X
ftr-305	611	22	(	(	PUNCT
ftr-305	611	23	last	last	ADJ
ftr-305	611	24	visited	visit	VERB
ftr-305	611	25	feb	feb	PROPN
ftr-305	611	26	.	.	PROPN
ftr-305	611	27	3	3	NUM
ftr-305	611	28	,	,	PUNCT
ftr-305	611	29	2013	2013	NUM
ftr-305	611	30	)	)	PUNCT
ftr-305	611	31	(	(	PUNCT
ftr-305	611	32	reporting	report	VERB
ftr-305	611	33	that	that	SCONJ
ftr-305	611	34	since	since	SCONJ
ftr-305	611	35	it	it	PRON
ftr-305	611	36	“	"	PUNCT
ftr-305	611	37	pioneered	pioneer	VERB
ftr-305	611	38	the	the	DET
ftr-305	611	39	third	third	ADJ
ftr-305	611	40	-	-	PUNCT
ftr-305	611	41	party	party	NOUN
ftr-305	611	42	approach	approach	NOUN
ftr-305	611	43	to	to	ADP
ftr-305	611	44	helping	help	VERB
ftr-305	611	45	reits	reit	NOUN
ftr-305	611	46	obtain	obtain	VERB
ftr-305	611	47	accommodation	accommodation	NOUN
ftr-305	611	48	shareholders	shareholder	NOUN
ftr-305	611	49	over	over	ADP
ftr-305	611	50	ten	ten	NUM
ftr-305	611	51	years	year	NOUN
ftr-305	611	52	ago	ago	ADV
ftr-305	611	53	.	.	PUNCT
ftr-305	611	54	.	.	PUNCT
ftr-305	611	55	.	.	PUNCT
ftr-305	612	1	reit	reit	PROPN
ftr-305	612	2	funding	funding	PROPN
ftr-305	612	3	has	have	AUX
ftr-305	612	4	provided	provide	VERB
ftr-305	612	5	shareholders	shareholder	NOUN
ftr-305	612	6	for	for	ADP
ftr-305	612	7	over	over	ADP
ftr-305	612	8	900	900	NUM
ftr-305	612	9	private	private	ADJ
ftr-305	612	10	reits	reit	NOUN
ftr-305	612	11	.	.	PUNCT
ftr-305	612	12	.	.	PUNCT
ftr-305	612	13	.	.	PUNCT
ftr-305	612	14	.	.	PUNCT
ftr-305	612	15	”	"	PUNCT
ftr-305	612	16	)	)	PUNCT
ftr-305	612	17	.	.	PUNCT
ftr-305	613	1	see	see	VERB
ftr-305	613	2	also	also	ADV
ftr-305	613	3	,	,	PUNCT
ftr-305	613	4	e.g.	e.g.	ADV
ftr-305	613	5	,	,	PUNCT
ftr-305	613	6	reit	reit	PROPN
ftr-305	613	7	inv	inv	VERB
ftr-305	613	8	.	.	PUNCT
ftr-305	614	1	grp	grp	PROPN
ftr-305	614	2	.	.	PROPN
ftr-305	614	3	,	,	PUNCT
ftr-305	614	4	http://www.reitinvestmentgroup.com	http://www.reitinvestmentgroup.com	X
ftr-305	614	5	(	(	PUNCT
ftr-305	614	6	last	last	ADJ
ftr-305	614	7	visited	visit	VERB
ftr-305	614	8	feb	feb	PROPN
ftr-305	614	9	.	.	PROPN
ftr-305	614	10	3	3	NUM
ftr-305	614	11	,	,	PUNCT
ftr-305	614	12	2013	2013	NUM
ftr-305	614	13	)	)	PUNCT
ftr-305	614	14	.	.	PUNCT
ftr-305	615	1	127	127	NUM
ftr-305	615	2	.	.	PUNCT
ftr-305	616	1	under	under	ADP
ftr-305	616	2	section	section	NOUN
ftr-305	616	3	856(a)(6	856(a)(6	NUM
ftr-305	616	4	)	)	PUNCT
ftr-305	616	5	,	,	PUNCT
ftr-305	616	6	a	a	DET
ftr-305	616	7	reit	reit	NOUN
ftr-305	616	8	may	may	AUX
ftr-305	616	9	not	not	PART
ftr-305	616	10	be	be	AUX
ftr-305	616	11	“	"	PUNCT
ftr-305	616	12	closely	closely	ADV
ftr-305	616	13	held	hold	VERB
ftr-305	616	14	,	,	PUNCT
ftr-305	616	15	”	"	PUNCT
ftr-305	616	16	but	but	CCONJ
ftr-305	616	17	this	this	PRON
ftr-305	616	18	looks	look	VERB
ftr-305	616	19	only	only	ADV
ftr-305	616	20	at	at	ADP
ftr-305	616	21	ownership	ownership	NOUN
ftr-305	616	22	by	by	ADP
ftr-305	616	23	individuals	individual	NOUN
ftr-305	616	24	and	and	CCONJ
ftr-305	616	25	certain	certain	ADJ
ftr-305	616	26	tax	tax	NOUN
ftr-305	616	27	-	-	PUNCT
ftr-305	616	28	exempt	exempt	ADJ
ftr-305	616	29	organizations	organization	NOUN
ftr-305	616	30	.	.	PUNCT
ftr-305	617	1	128	128	NUM
ftr-305	617	2	.	.	PUNCT
ftr-305	618	1	some	some	PRON
ftr-305	618	2	of	of	ADP
ftr-305	618	3	the	the	DET
ftr-305	618	4	roles	role	NOUN
ftr-305	618	5	that	that	PRON
ftr-305	618	6	reits	reit	NOUN
ftr-305	618	7	play	play	VERB
ftr-305	618	8	in	in	ADP
ftr-305	618	9	structured	structured	ADJ
ftr-305	618	10	investments	investment	NOUN
ftr-305	618	11	in	in	ADP
ftr-305	618	12	u.s	u.s	PROPN
ftr-305	618	13	.	.	PROPN
ftr-305	618	14	real	real	ADJ
ftr-305	618	15	property	property	NOUN
ftr-305	618	16	is	be	AUX
ftr-305	618	17	clear	clear	ADJ
ftr-305	618	18	from	from	ADP
ftr-305	618	19	the	the	DET
ftr-305	618	20	transactions	transaction	NOUN
ftr-305	618	21	described	describe	VERB
ftr-305	618	22	in	in	ADP
ftr-305	618	23	notice	notice	NOUN
ftr-305	618	24	2007	2007	NUM
ftr-305	618	25	-	-	SYM
ftr-305	618	26	55	55	NUM
ftr-305	618	27	—	—	PUNCT
ftr-305	618	28	a	a	DET
ftr-305	618	29	domestically	domestically	ADV
ftr-305	618	30	-	-	PUNCT
ftr-305	618	31	controlled	control	VERB
ftr-305	618	32	reit	reit	NOUN
ftr-305	618	33	with	with	ADP
ftr-305	618	34	a	a	DET
ftr-305	618	35	foreign	foreign	ADJ
ftr-305	618	36	government	government	NOUN
ftr-305	618	37	shareholder	shareholder	NOUN
ftr-305	618	38	which	which	PRON
ftr-305	618	39	liquidated	liquidate	VERB
ftr-305	618	40	in	in	ADP
ftr-305	618	41	order	order	NOUN
ftr-305	618	42	to	to	PART
ftr-305	618	43	enable	enable	VERB
ftr-305	618	44	the	the	DET
ftr-305	618	45	shareholder	shareholder	NOUN
ftr-305	618	46	to	to	PART
ftr-305	618	47	take	take	VERB
ftr-305	618	48	the	the	DET
ftr-305	618	49	view	view	NOUN
ftr-305	618	50	that	that	SCONJ
ftr-305	618	51	the	the	DET
ftr-305	618	52	liquidating	liquidating	NOUN
ftr-305	618	53	distributions	distribution	NOUN
ftr-305	618	54	were	be	AUX
ftr-305	618	55	exempt	exempt	ADJ
ftr-305	618	56	from	from	ADP
ftr-305	618	57	firpta	firpta	NOUN
ftr-305	618	58	or	or	CCONJ
ftr-305	618	59	in	in	ADP
ftr-305	618	60	any	any	DET
ftr-305	618	61	event	event	NOUN
ftr-305	618	62	not	not	PART
ftr-305	618	63	taxed	tax	VERB
ftr-305	618	64	under	under	ADP
ftr-305	618	65	section	section	NOUN
ftr-305	618	66	892	892	NUM
ftr-305	618	67	.	.	PUNCT
ftr-305	619	1	129	129	NUM
ftr-305	619	2	.	.	PUNCT
ftr-305	620	1	the	the	DET
ftr-305	620	2	reit	reit	PROPN
ftr-305	620	3	would	would	AUX
ftr-305	620	4	issue	issue	VERB
ftr-305	620	5	preferred	preferred	ADJ
ftr-305	620	6	stock	stock	NOUN
ftr-305	620	7	to	to	PART
ftr-305	620	8	tax	tax	VERB
ftr-305	620	9	indifferent	indifferent	ADJ
ftr-305	620	10	holders	holder	NOUN
ftr-305	620	11	and	and	CCONJ
ftr-305	620	12	use	use	VERB
ftr-305	620	13	the	the	DET
ftr-305	620	14	proceeds	proceed	NOUN
ftr-305	620	15	to	to	PART
ftr-305	620	16	make	make	VERB
ftr-305	620	17	a	a	DET
ftr-305	620	18	mortgage	mortgage	NOUN
ftr-305	620	19	loan	loan	NOUN
ftr-305	620	20	(	(	PUNCT
ftr-305	620	21	or	or	CCONJ
ftr-305	620	22	buy	buy	VERB
ftr-305	620	23	mortgages	mortgage	NOUN
ftr-305	620	24	from	from	ADP
ftr-305	620	25	)	)	PUNCT
ftr-305	620	26	a	a	DET
ftr-305	620	27	corporation	corporation	NOUN
ftr-305	620	28	that	that	PRON
ftr-305	620	29	owned	own	VERB
ftr-305	620	30	its	its	PRON
ftr-305	620	31	common	common	ADJ
ftr-305	620	32	stock	stock	NOUN
ftr-305	620	33	.	.	PUNCT
ftr-305	621	1	the	the	DET
ftr-305	621	2	preferred	preferred	ADJ
ftr-305	621	3	stock	stock	NOUN
ftr-305	621	4	would	would	AUX
ftr-305	621	5	pay	pay	VERB
ftr-305	621	6	dividends	dividend	NOUN
ftr-305	621	7	at	at	ADP
ftr-305	621	8	an	an	DET
ftr-305	621	9	extraordinarily	extraordinarily	ADV
ftr-305	621	10	high	high	ADJ
ftr-305	621	11	,	,	PUNCT
ftr-305	621	12	off	off	ADP
ftr-305	621	13	-	-	PUNCT
ftr-305	621	14	market	market	NOUN
ftr-305	621	15	rate	rate	NOUN
ftr-305	621	16	for	for	ADP
ftr-305	621	17	a	a	DET
ftr-305	621	18	period	period	NOUN
ftr-305	621	19	and	and	CCONJ
ftr-305	621	20	,	,	PUNCT
ftr-305	621	21	at	at	ADP
ftr-305	621	22	the	the	DET
ftr-305	621	23	end	end	NOUN
ftr-305	621	24	of	of	ADP
ftr-305	621	25	the	the	DET
ftr-305	621	26	period	period	NOUN
ftr-305	621	27	,	,	PUNCT
ftr-305	621	28	at	at	ADP
ftr-305	621	29	an	an	DET
ftr-305	621	30	extraordinarily	extraordinarily	ADV
ftr-305	621	31	low	low	ADJ
ftr-305	621	32	,	,	PUNCT
ftr-305	621	33	off	off	ADP
ftr-305	621	34	-	-	PUNCT
ftr-305	621	35	market	market	NOUN
ftr-305	621	36	rate	rate	NOUN
ftr-305	621	37	.	.	PUNCT
ftr-305	622	1	the	the	DET
ftr-305	622	2	corporation	corporation	NOUN
ftr-305	622	3	would	would	AUX
ftr-305	622	4	deduct	deduct	VERB
ftr-305	622	5	the	the	DET
ftr-305	622	6	interest	interest	NOUN
ftr-305	622	7	on	on	ADP
ftr-305	622	8	its	its	PRON
ftr-305	622	9	mortgage	mortgage	NOUN
ftr-305	622	10	(	(	PUNCT
ftr-305	622	11	or	or	CCONJ
ftr-305	622	12	exclude	exclude	VERB
ftr-305	622	13	the	the	DET
ftr-305	622	14	income	income	NOUN
ftr-305	622	15	on	on	ADP
ftr-305	622	16	the	the	DET
ftr-305	622	17	transferred	transfer	VERB
ftr-305	622	18	mortgages	mortgage	NOUN
ftr-305	622	19	from	from	ADP
ftr-305	622	20	its	its	PRON
ftr-305	622	21	income	income	NOUN
ftr-305	622	22	)	)	PUNCT
ftr-305	622	23	,	,	PUNCT
ftr-305	622	24	which	which	PRON
ftr-305	622	25	would	would	AUX
ftr-305	622	26	be	be	AUX
ftr-305	622	27	taxed	tax	VERB
ftr-305	622	28	entirely	entirely	ADV
ftr-305	622	29	to	to	ADP
ftr-305	622	30	the	the	DET
ftr-305	622	31	holders	holder	NOUN
ftr-305	622	32	of	of	ADP
ftr-305	622	33	the	the	DET
ftr-305	622	34	preferred	preferred	ADJ
ftr-305	622	35	stock	stock	NOUN
ftr-305	622	36	and	and	CCONJ
ftr-305	622	37	then	then	ADV
ftr-305	622	38	,	,	PUNCT
ftr-305	622	39	at	at	ADP
ftr-305	622	40	the	the	DET
ftr-305	622	41	end	end	NOUN
ftr-305	622	42	,	,	PUNCT
ftr-305	622	43	the	the	DET
ftr-305	622	44	preferred	prefer	VERB
ftr-305	622	45	could	could	AUX
ftr-305	622	46	be	be	AUX
ftr-305	622	47	cashed	cash	VERB
ftr-305	622	48	-	-	PUNCT
ftr-305	622	49	out	out	NOUN
ftr-305	622	50	for	for	ADP
ftr-305	622	51	much	much	ADV
ftr-305	622	52	less	less	ADJ
ftr-305	622	53	than	than	ADP
ftr-305	622	54	issue	issue	NOUN
ftr-305	622	55	price	price	NOUN
ftr-305	622	56	—	—	PUNCT
ftr-305	622	57	in	in	ADP
ftr-305	622	58	effect	effect	NOUN
ftr-305	622	59	allowing	allow	VERB
ftr-305	622	60	the	the	DET
ftr-305	622	61	corporation	corporation	NOUN
ftr-305	622	62	to	to	PART
ftr-305	622	63	deduct	deduct	VERB
ftr-305	622	64	principal	principal	NOUN
ftr-305	622	65	on	on	ADP
ftr-305	622	66	a	a	DET
ftr-305	622	67	financing	financing	NOUN
ftr-305	622	68	.	.	PUNCT
ftr-305	623	1	the	the	DET
ftr-305	623	2	treasury	treasury	PROPN
ftr-305	623	3	put	put	VERB
ftr-305	623	4	an	an	DET
ftr-305	623	5	end	end	NOUN
ftr-305	623	6	to	to	ADP
ftr-305	623	7	this	this	PRON
ftr-305	623	8	by	by	ADP
ftr-305	623	9	issuing	issue	VERB
ftr-305	623	10	notice	notice	NOUN
ftr-305	623	11	97	97	NUM
ftr-305	623	12	-	-	SYM
ftr-305	623	13	21	21	NUM
ftr-305	623	14	,	,	PUNCT
ftr-305	623	15	1997	1997	NUM
ftr-305	623	16	-	-	SYM
ftr-305	623	17	1	1	NUM
ftr-305	623	18	c.b	c.b	PROPN
ftr-305	623	19	.	.	PROPN
ftr-305	623	20	407	407	NUM
ftr-305	623	21	,	,	PUNCT
ftr-305	623	22	and	and	CCONJ
ftr-305	623	23	then	then	ADV
ftr-305	623	24	regulations	regulation	NOUN
ftr-305	623	25	section	section	NOUN
ftr-305	623	26	1.7701(l)-3	1.7701(l)-3	NUM
ftr-305	623	27	.	.	PUNCT
ftr-305	624	1	the	the	DET
ftr-305	624	2	regulations	regulation	NOUN
ftr-305	624	3	entitle	entitle	VERB
ftr-305	624	4	the	the	DET
ftr-305	624	5	irs	irs	PROPN
ftr-305	624	6	to	to	PART
ftr-305	624	7	treat	treat	VERB
ftr-305	624	8	the	the	DET
ftr-305	624	9	transaction	transaction	NOUN
ftr-305	624	10	as	as	SCONJ
ftr-305	624	11	though	though	SCONJ
ftr-305	624	12	it	it	PRON
ftr-305	624	13	was	be	AUX
ftr-305	624	14	a	a	DET
ftr-305	624	15	loan	loan	NOUN
ftr-305	624	16	from	from	ADP
ftr-305	624	17	the	the	DET
ftr-305	624	18	holder	holder	NOUN
ftr-305	624	19	of	of	ADP
ftr-305	624	20	the	the	DET
ftr-305	624	21	fast	fast	ADJ
ftr-305	624	22	-	-	PUNCT
ftr-305	624	23	pay	pay	NOUN
ftr-305	624	24	stock	stock	NOUN
ftr-305	624	25	,	,	PUNCT
ftr-305	624	26	i.e.	i.e.	X
ftr-305	624	27	,	,	PUNCT
ftr-305	624	28	the	the	DET
ftr-305	624	29	preferred	prefer	VERB
ftr-305	624	30	,	,	PUNCT
ftr-305	624	31	to	to	ADP
ftr-305	624	32	the	the	DET
ftr-305	624	33	holder	holder	NOUN
ftr-305	624	34	of	of	ADP
ftr-305	624	35	the	the	DET
ftr-305	624	36	benefited	benefit	VERB
ftr-305	624	37	stock	stock	NOUN
ftr-305	624	38	,	,	PUNCT
ftr-305	624	39	i.e.	i.e.	X
ftr-305	624	40	,	,	PUNCT
ftr-305	624	41	the	the	DET
ftr-305	624	42	corporation	corporation	NOUN
ftr-305	624	43	that	that	PRON
ftr-305	624	44	holds	hold	VERB
ftr-305	624	45	the	the	DET
ftr-305	624	46	common	common	ADJ
ftr-305	624	47	.	.	PUNCT
ftr-305	625	1	130	130	NUM
ftr-305	625	2	.	.	PUNCT
ftr-305	626	1	for	for	ADP
ftr-305	626	2	example	example	NOUN
ftr-305	626	3	,	,	PUNCT
ftr-305	626	4	the	the	DET
ftr-305	626	5	autozone	autozone	NOUN
ftr-305	626	6	litigation	litigation	NOUN
ftr-305	626	7	in	in	ADP
ftr-305	626	8	kentucky	kentucky	PROPN
ftr-305	626	9	and	and	CCONJ
ftr-305	626	10	louisiana	louisiana	PROPN
ftr-305	626	11	involving	involve	VERB
ftr-305	626	12	an	an	DET
ftr-305	626	13	out	out	ADV
ftr-305	626	14	-	-	PUNCT
ftr-305	626	15	of	of	ADP
ftr-305	626	16	-	-	PUNCT
ftr-305	626	17	state	state	NOUN
ftr-305	626	18	affiliate	affiliate	NOUN
ftr-305	626	19	qualifying	qualify	VERB
ftr-305	626	20	as	as	ADP
ftr-305	626	21	a	a	DET
ftr-305	626	22	reit	reit	NOUN
ftr-305	626	23	that	that	PRON
ftr-305	626	24	leased	lease	VERB
ftr-305	626	25	in	in	ADP
ftr-305	626	26	-	-	PUNCT
ftr-305	626	27	state	state	NOUN
ftr-305	626	28	facilities	facility	NOUN
ftr-305	626	29	to	to	ADP
ftr-305	626	30	an	an	DET
ftr-305	626	31	operating	operating	NOUN
ftr-305	626	32	affiliate	affiliate	NOUN
ftr-305	626	33	and	and	CCONJ
ftr-305	626	34	took	take	VERB
ftr-305	626	35	the	the	DET
ftr-305	626	36	view	view	NOUN
ftr-305	626	37	that	that	SCONJ
ftr-305	626	38	it	it	PRON
ftr-305	626	39	had	have	AUX
ftr-305	626	40	no	no	DET
ftr-305	626	41	in	in	ADP
ftr-305	626	42	-	-	PUNCT
ftr-305	626	43	state	state	NOUN
ftr-305	626	44	income	income	NOUN
ftr-305	626	45	after	after	SCONJ
ftr-305	626	46	the	the	DET
ftr-305	626	47	dividends	dividend	NOUN
ftr-305	626	48	paid	pay	VERB
ftr-305	626	49	deduction	deduction	NOUN
ftr-305	626	50	.	.	PUNCT
ftr-305	627	1	kentucky	kentucky	PROPN
ftr-305	627	2	v.	v.	PROPN
ftr-305	627	3	autozone	autozone	PROPN
ftr-305	627	4	dev	dev	PROPN
ftr-305	627	5	.	.	PROPN
ftr-305	627	6	corp	corp	PROPN
ftr-305	627	7	.	.	PROPN
ftr-305	627	8	,	,	PUNCT
ftr-305	627	9	no	no	INTJ
ftr-305	627	10	.	.	NOUN
ftr-305	627	11	2006	2006	NUM
ftr-305	627	12	-	-	PUNCT
ftr-305	627	13	ca-002175mr	ca-002175mr	NOUN
ftr-305	627	14	,	,	PUNCT
ftr-305	627	15	2007	2007	NUM
ftr-305	627	16	ky	ky	PROPN
ftr-305	627	17	.	.	PROPN
ftr-305	628	1	app	app	PROPN
ftr-305	628	2	.	.	PROPN
ftr-305	628	3	lexis	lexis	PROPN
ftr-305	628	4	unpub	unpub	ADJ
ftr-305	628	5	.	.	PUNCT
ftr-305	629	1	lexis	lexi	VERB
ftr-305	629	2	1130	1130	NUM
ftr-305	629	3	(	(	PUNCT
ftr-305	629	4	ky	ky	PROPN
ftr-305	629	5	.	.	PUNCT
ftr-305	630	1	ct	ct	PROPN
ftr-305	630	2	.	.	PUNCT
ftr-305	631	1	app	app	PROPN
ftr-305	631	2	.	.	PUNCT
ftr-305	631	3	oct	oct	PROPN
ftr-305	631	4	.	.	PROPN
ftr-305	631	5	12	12	NUM
ftr-305	631	6	,	,	PUNCT
ftr-305	631	7	2007	2007	NUM
ftr-305	631	8	)	)	PUNCT
ftr-305	631	9	;	;	PUNCT
ftr-305	632	1	bridges	bridge	NOUN
ftr-305	632	2	v.	v.	ADP
ftr-305	632	3	autozone	autozone	NOUN
ftr-305	632	4	props	prop	NOUN
ftr-305	632	5	.	.	PUNCT
ftr-305	632	6	,	,	PUNCT
ftr-305	632	7	inc	inc	PROPN
ftr-305	632	8	.	.	PROPN
ftr-305	632	9	,	,	PUNCT
ftr-305	632	10	900	900	NUM
ftr-305	632	11	so	so	ADV
ftr-305	632	12	.	.	PUNCT
ftr-305	633	1	2d	2d	NOUN
ftr-305	633	2	784	784	NUM
ftr-305	633	3	(	(	PUNCT
ftr-305	633	4	la	la	X
ftr-305	633	5	.	.	NOUN
ftr-305	633	6	2005	2005	NUM
ftr-305	633	7	)	)	PUNCT
ftr-305	633	8	.	.	PUNCT
ftr-305	634	1	see	see	VERB
ftr-305	634	2	also	also	ADV
ftr-305	634	3	,	,	PUNCT
ftr-305	634	4	hmn	hmn	PROPN
ftr-305	634	5	fin	fin	PROPN
ftr-305	634	6	.	.	PROPN
ftr-305	634	7	,	,	PUNCT
ftr-305	634	8	inc	inc	PROPN
ftr-305	634	9	.	.	PROPN
ftr-305	635	1	v.	v.	PROPN
ftr-305	635	2	commissioner	commissioner	PROPN
ftr-305	635	3	,	,	PUNCT
ftr-305	635	4	782	782	NUM
ftr-305	635	5	n.w.2d	n.w.2d	ADP
ftr-305	635	6	558	558	NUM
ftr-305	635	7	(	(	PUNCT
ftr-305	635	8	minn	minn	PROPN
ftr-305	635	9	.	.	PROPN
ftr-305	635	10	2010	2010	NUM
ftr-305	635	11	)	)	PUNCT
ftr-305	636	1	(	(	PUNCT
ftr-305	636	2	the	the	DET
ftr-305	636	3	minnesota	minnesota	PROPN
ftr-305	636	4	commissioner	commissioner	NOUN
ftr-305	636	5	of	of	ADP
ftr-305	636	6	revenue	revenue	NOUN
ftr-305	636	7	could	could	AUX
ftr-305	636	8	not	not	PART
ftr-305	636	9	on	on	ADP
ftr-305	636	10	“	"	PUNCT
ftr-305	636	11	economic	economic	ADJ
ftr-305	636	12	substance	substance	NOUN
ftr-305	636	13	”	"	PUNCT
ftr-305	636	14	or	or	CCONJ
ftr-305	636	15	“	"	PUNCT
ftr-305	636	16	business	business	NOUN
ftr-305	636	17	purpose	purpose	NOUN
ftr-305	636	18	”	"	PUNCT
ftr-305	636	19	grounds	ground	NOUN
ftr-305	636	20	disregard	disregard	VERB
ftr-305	636	21	a	a	DET
ftr-305	636	22	captive	captive	ADJ
ftr-305	636	23	reit	reit	NOUN
ftr-305	636	24	)	)	PUNCT
ftr-305	636	25	;	;	PUNCT
ftr-305	637	1	bankboston	bankboston	PROPN
ftr-305	637	2	corp	corp	PROPN
ftr-305	637	3	.	.	PROPN
ftr-305	637	4	v.	v.	PROPN
ftr-305	637	5	commissioner	commissioner	PROPN
ftr-305	637	6	,	,	PUNCT
ftr-305	637	7	861	861	NUM
ftr-305	637	8	n.e.2d	n.e.2d	NOUN
ftr-305	637	9	450	450	NUM
ftr-305	637	10	(	(	PUNCT
ftr-305	637	11	mass	mass	PROPN
ftr-305	637	12	.	.	PROPN
ftr-305	637	13	2007	2007	NUM
ftr-305	637	14	)	)	PUNCT
ftr-305	637	15	.	.	PUNCT
ftr-305	638	1	states	state	NOUN
ftr-305	638	2	increasingly	increasingly	ADV
ftr-305	638	3	deal	deal	VERB
ftr-305	638	4	with	with	ADP
ftr-305	638	5	this	this	PRON
ftr-305	638	6	through	through	ADP
ftr-305	638	7	legislation	legislation	NOUN
ftr-305	638	8	that	that	PRON
ftr-305	638	9	restricts	restrict	VERB
ftr-305	638	10	“	"	PUNCT
ftr-305	638	11	captive	captive	ADJ
ftr-305	638	12	”	"	PUNCT
ftr-305	638	13	reits	reit	NOUN
ftr-305	638	14	.	.	PUNCT
ftr-305	639	1	2013	2013	NUM
ftr-305	639	2	]	]	PUNCT
ftr-305	639	3	suppose	suppose	VERB
ftr-305	639	4	firpta	firpta	NOUN
ftr-305	639	5	was	be	AUX
ftr-305	639	6	repealed	repeal	VERB
ftr-305	639	7	33	33	NUM
ftr-305	639	8	consideration	consideration	NOUN
ftr-305	639	9	of	of	ADP
ftr-305	639	10	how	how	SCONJ
ftr-305	639	11	foreign	foreign	ADJ
ftr-305	639	12	investments	investment	NOUN
ftr-305	639	13	in	in	ADP
ftr-305	639	14	reits	reit	NOUN
ftr-305	639	15	should	should	AUX
ftr-305	639	16	be	be	AUX
ftr-305	639	17	treated	treat	VERB
ftr-305	639	18	should	should	AUX
ftr-305	639	19	also	also	ADV
ftr-305	639	20	focus	focus	VERB
ftr-305	639	21	on	on	ADP
ftr-305	639	22	the	the	DET
ftr-305	639	23	fact	fact	NOUN
ftr-305	639	24	that	that	SCONJ
ftr-305	639	25	,	,	PUNCT
ftr-305	639	26	today	today	NOUN
ftr-305	639	27	,	,	PUNCT
ftr-305	639	28	reits	reit	NOUN
ftr-305	639	29	are	be	AUX
ftr-305	639	30	not	not	PART
ftr-305	639	31	simply	simply	ADV
ftr-305	639	32	part	part	NOUN
ftr-305	639	33	of	of	ADP
ftr-305	639	34	the	the	DET
ftr-305	639	35	real	real	ADJ
ftr-305	639	36	estate	estate	NOUN
ftr-305	639	37	sector	sector	NOUN
ftr-305	639	38	of	of	ADP
ftr-305	639	39	the	the	DET
ftr-305	639	40	u.s	u.s	PROPN
ftr-305	639	41	.	.	PROPN
ftr-305	639	42	economy	economy	NOUN
ftr-305	639	43	but	but	CCONJ
ftr-305	639	44	are	be	AUX
ftr-305	639	45	significant	significant	ADJ
ftr-305	639	46	in	in	ADP
ftr-305	639	47	other	other	ADJ
ftr-305	639	48	economic	economic	ADJ
ftr-305	639	49	sectors	sector	NOUN
ftr-305	639	50	that	that	PRON
ftr-305	639	51	do	do	AUX
ftr-305	639	52	not	not	PART
ftr-305	639	53	primarily	primarily	ADV
ftr-305	639	54	reflect	reflect	VERB
ftr-305	639	55	the	the	DET
ftr-305	639	56	value	value	NOUN
ftr-305	639	57	of	of	ADP
ftr-305	639	58	real	real	ADJ
ftr-305	639	59	estate	estate	NOUN
ftr-305	639	60	.	.	PUNCT
ftr-305	640	1	these	these	PRON
ftr-305	640	2	include	include	VERB
ftr-305	640	3	timber	timber	NOUN
ftr-305	640	4	,	,	PUNCT
ftr-305	640	5	wireless	wireless	ADJ
ftr-305	640	6	communication	communication	NOUN
ftr-305	640	7	facilities	facility	NOUN
ftr-305	640	8	,	,	PUNCT
ftr-305	640	9	data	datum	NOUN
ftr-305	640	10	storage	storage	NOUN
ftr-305	640	11	facilities	facility	NOUN
ftr-305	640	12	,	,	PUNCT
ftr-305	640	13	lodging	lodging	NOUN
ftr-305	640	14	and	and	CCONJ
ftr-305	640	15	health	health	NOUN
ftr-305	640	16	care	care	NOUN
ftr-305	640	17	facilities	facility	NOUN
ftr-305	640	18	,	,	PUNCT
ftr-305	640	19	and	and	CCONJ
ftr-305	640	20	,	,	PUNCT
ftr-305	640	21	most	most	ADV
ftr-305	640	22	recently	recently	ADV
ftr-305	640	23	,	,	PUNCT
ftr-305	640	24	gaming	game	VERB
ftr-305	640	25	casinos.131	casinos.131	PROPN
ftr-305	640	26	off	off	ADP
ftr-305	640	27	shore	shore	NOUN
ftr-305	640	28	drilling	drilling	NOUN
ftr-305	640	29	oil	oil	NOUN
ftr-305	640	30	and	and	CCONJ
ftr-305	640	31	gas	gas	NOUN
ftr-305	640	32	platforms	platform	NOUN
ftr-305	640	33	may	may	AUX
ftr-305	640	34	be	be	AUX
ftr-305	640	35	next.132	next.132	NUM
ftr-305	640	36	the	the	DET
ftr-305	640	37	expansion	expansion	NOUN
ftr-305	640	38	of	of	ADP
ftr-305	640	39	reits	reit	NOUN
ftr-305	640	40	into	into	ADP
ftr-305	640	41	these	these	DET
ftr-305	640	42	businesses	business	NOUN
ftr-305	640	43	is	be	AUX
ftr-305	640	44	essentially	essentially	ADV
ftr-305	640	45	attributable	attributable	ADJ
ftr-305	640	46	to	to	ADP
ftr-305	640	47	the	the	DET
ftr-305	640	48	ability	ability	NOUN
ftr-305	640	49	,	,	PUNCT
ftr-305	640	50	after	after	ADP
ftr-305	640	51	a	a	DET
ftr-305	640	52	1999	1999	NUM
ftr-305	640	53	amendment	amendment	NOUN
ftr-305	640	54	to	to	ADP
ftr-305	640	55	the	the	DET
ftr-305	640	56	internal	internal	ADJ
ftr-305	640	57	revenue	revenue	NOUN
ftr-305	640	58	code	code	NOUN
ftr-305	640	59	,	,	PUNCT
ftr-305	640	60	to	to	PART
ftr-305	640	61	carry	carry	VERB
ftr-305	640	62	on	on	ADP
ftr-305	640	63	any	any	DET
ftr-305	640	64	activity	activity	NOUN
ftr-305	640	65	through	through	ADP
ftr-305	640	66	a	a	DET
ftr-305	640	67	taxable	taxable	ADJ
ftr-305	640	68	reit	reit	NOUN
ftr-305	640	69	subsidiary;133	subsidiary;133	VERB
ftr-305	640	70	to	to	ADP
ftr-305	640	71	the	the	DET
ftr-305	640	72	view	view	NOUN
ftr-305	640	73	that	that	SCONJ
ftr-305	640	74	real	real	ADJ
ftr-305	640	75	property	property	NOUN
ftr-305	640	76	is	be	AUX
ftr-305	640	77	not	not	PART
ftr-305	640	78	limited	limit	VERB
ftr-305	640	79	to	to	ADP
ftr-305	640	80	land	land	NOUN
ftr-305	640	81	,	,	PUNCT
ftr-305	640	82	buildings	building	NOUN
ftr-305	640	83	and	and	CCONJ
ftr-305	640	84	improvements	improvement	NOUN
ftr-305	640	85	to	to	ADP
ftr-305	640	86	buildings	building	NOUN
ftr-305	640	87	but	but	CCONJ
ftr-305	640	88	includes	include	VERB
ftr-305	640	89	any	any	DET
ftr-305	640	90	“	"	PUNCT
ftr-305	640	91	inherently	inherently	ADV
ftr-305	640	92	permanent	permanent	ADJ
ftr-305	640	93	structure	structure	NOUN
ftr-305	640	94	”	"	PUNCT
ftr-305	640	95	and	and	CCONJ
ftr-305	640	96	its	its	PRON
ftr-305	640	97	structural	structural	ADJ
ftr-305	640	98	components;134	components;134	NOUN
ftr-305	640	99	and	and	CCONJ
ftr-305	640	100	to	to	ADP
ftr-305	640	101	the	the	DET
ftr-305	640	102	ability	ability	NOUN
ftr-305	640	103	to	to	PART
ftr-305	640	104	convert	convert	VERB
ftr-305	640	105	a	a	DET
ftr-305	640	106	“	"	PUNCT
ftr-305	640	107	c	c	NOUN
ftr-305	640	108	”	"	PUNCT
ftr-305	640	109	corporation	corporation	NOUN
ftr-305	640	110	to	to	ADP
ftr-305	640	111	a	a	DET
ftr-305	640	112	reit	reit	NOUN
ftr-305	640	113	with	with	ADP
ftr-305	640	114	limited	limited	ADJ
ftr-305	640	115	tax	tax	PROPN
ftr-305	640	116	costs.135	costs.135	PROPN
ftr-305	640	117	b.	b.	PROPN
ftr-305	640	118	repealing	repeal	VERB
ftr-305	640	119	the	the	DET
ftr-305	640	120	firpta	firpta	NOUN
ftr-305	640	121	rules	rule	NOUN
ftr-305	640	122	for	for	ADP
ftr-305	640	123	usrphcs	usrphcs	PROPN
ftr-305	640	124	suppose	suppose	VERB
ftr-305	640	125	,	,	PUNCT
ftr-305	640	126	then	then	ADV
ftr-305	640	127	,	,	PUNCT
ftr-305	640	128	that	that	SCONJ
ftr-305	640	129	we	we	PRON
ftr-305	640	130	repealed	repeal	VERB
ftr-305	640	131	the	the	DET
ftr-305	640	132	firpta	firpta	NOUN
ftr-305	640	133	rules	rule	NOUN
ftr-305	640	134	relating	relate	VERB
ftr-305	640	135	to	to	ADP
ftr-305	640	136	interests	interest	NOUN
ftr-305	640	137	in	in	ADP
ftr-305	640	138	usrphcs	usrphcs	PROPN
ftr-305	640	139	?	?	PUNCT
ftr-305	641	1	if	if	SCONJ
ftr-305	641	2	the	the	DET
ftr-305	641	3	repeal	repeal	NOUN
ftr-305	641	4	was	be	AUX
ftr-305	641	5	limited	limit	VERB
ftr-305	641	6	to	to	ADP
ftr-305	641	7	the	the	DET
ftr-305	641	8	usrphc	usrphc	ADJ
ftr-305	641	9	rules	rule	NOUN
ftr-305	641	10	(	(	PUNCT
ftr-305	641	11	and	and	CCONJ
ftr-305	641	12	leaving	leave	VERB
ftr-305	641	13	aside	aside	ADP
ftr-305	641	14	questions	question	NOUN
ftr-305	641	15	about	about	ADP
ftr-305	641	16	other	other	ADJ
ftr-305	641	17	firpta	firpta	NOUN
ftr-305	641	18	rules	rule	NOUN
ftr-305	641	19	,	,	PUNCT
ftr-305	641	20	such	such	ADJ
ftr-305	641	21	as	as	ADP
ftr-305	641	22	the	the	DET
ftr-305	641	23	definition	definition	NOUN
ftr-305	641	24	of	of	ADP
ftr-305	641	25	real	real	ADJ
ftr-305	641	26	property	property	NOUN
ftr-305	641	27	,	,	PUNCT
ftr-305	641	28	that	that	PRON
ftr-305	641	29	are	be	AUX
ftr-305	641	30	addressed	address	VERB
ftr-305	641	31	below	below	ADP
ftr-305	641	32	)	)	PUNCT
ftr-305	641	33	,	,	PUNCT
ftr-305	641	34	gain	gain	VERB
ftr-305	641	35	on	on	ADP
ftr-305	641	36	the	the	DET
ftr-305	641	37	disposition	disposition	NOUN
ftr-305	641	38	by	by	ADP
ftr-305	641	39	a	a	DET
ftr-305	641	40	foreign	foreign	ADJ
ftr-305	641	41	person	person	NOUN
ftr-305	641	42	of	of	ADP
ftr-305	641	43	a	a	DET
ftr-305	641	44	direct	direct	ADJ
ftr-305	641	45	investment	investment	NOUN
ftr-305	641	46	in	in	ADP
ftr-305	641	47	usrp	usrp	NOUN
ftr-305	641	48	,	,	PUNCT
ftr-305	641	49	including	include	VERB
ftr-305	641	50	an	an	DET
ftr-305	641	51	interest	interest	NOUN
ftr-305	641	52	in	in	ADP
ftr-305	641	53	a	a	DET
ftr-305	641	54	fixed	fixed	ADJ
ftr-305	641	55	131	131	NUM
ftr-305	641	56	.	.	PUNCT
ftr-305	642	1	such	such	ADJ
ftr-305	642	2	as	as	ADP
ftr-305	642	3	weyerhauser	weyerhauser	PROPN
ftr-305	642	4	company	company	PROPN
ftr-305	642	5	and	and	CCONJ
ftr-305	642	6	rayonier	rayonier	PROPN
ftr-305	642	7	inc	inc	PROPN
ftr-305	642	8	.	.	PROPN
ftr-305	643	1	(	(	PUNCT
ftr-305	643	2	timber	timber	NOUN
ftr-305	643	3	)	)	PUNCT
ftr-305	643	4	;	;	PUNCT
ftr-305	643	5	american	american	PROPN
ftr-305	643	6	tower	tower	PROPN
ftr-305	643	7	(	(	PUNCT
ftr-305	643	8	cellular	cellular	ADJ
ftr-305	643	9	tower	tower	NOUN
ftr-305	643	10	)	)	PUNCT
ftr-305	643	11	;	;	PUNCT
ftr-305	643	12	penn	penn	PROPN
ftr-305	643	13	national	national	PROPN
ftr-305	643	14	gaming	gaming	PROPN
ftr-305	643	15	(	(	PUNCT
ftr-305	643	16	casino	casino	NOUN
ftr-305	643	17	)	)	PUNCT
ftr-305	643	18	;	;	PUNCT
ftr-305	643	19	and	and	CCONJ
ftr-305	643	20	iron	iron	PROPN
ftr-305	643	21	mountain	mountain	PROPN
ftr-305	643	22	inc	inc	PROPN
ftr-305	643	23	.	.	PUNCT
ftr-305	643	24	(	(	PUNCT
ftr-305	643	25	data	data	NOUN
ftr-305	643	26	storage	storage	NOUN
ftr-305	643	27	facility	facility	NOUN
ftr-305	643	28	)	)	PUNCT
ftr-305	643	29	.	.	PUNCT
ftr-305	644	1	others	other	NOUN
ftr-305	644	2	that	that	PRON
ftr-305	644	3	have	have	AUX
ftr-305	644	4	announced	announce	VERB
ftr-305	644	5	or	or	CCONJ
ftr-305	644	6	completed	complete	VERB
ftr-305	644	7	conversions	conversion	NOUN
ftr-305	644	8	to	to	ADP
ftr-305	644	9	reits	reit	NOUN
ftr-305	644	10	are	be	AUX
ftr-305	644	11	the	the	DET
ftr-305	644	12	companies	company	NOUN
ftr-305	644	13	in	in	ADP
ftr-305	644	14	the	the	DET
ftr-305	644	15	business	business	NOUN
ftr-305	644	16	of	of	ADP
ftr-305	644	17	outdoor	outdoor	ADJ
ftr-305	644	18	advertising	advertising	NOUN
ftr-305	644	19	(	(	PUNCT
ftr-305	644	20	lamar	lamar	PROPN
ftr-305	644	21	advertising	advertising	PROPN
ftr-305	644	22	)	)	PUNCT
ftr-305	644	23	,	,	PUNCT
ftr-305	644	24	conference	conference	NOUN
ftr-305	644	25	centers	center	NOUN
ftr-305	644	26	(	(	PUNCT
ftr-305	644	27	gaylord	gaylord	PROPN
ftr-305	644	28	entertainment	entertainment	PROPN
ftr-305	644	29	)	)	PUNCT
ftr-305	644	30	and	and	CCONJ
ftr-305	644	31	correctional	correctional	ADJ
ftr-305	644	32	facilities	facility	NOUN
ftr-305	644	33	(	(	PUNCT
ftr-305	644	34	corrections	corrections	PROPN
ftr-305	644	35	corp	corp	PROPN
ftr-305	644	36	.	.	PROPN
ftr-305	644	37	of	of	ADP
ftr-305	644	38	america	america	PROPN
ftr-305	644	39	)	)	PUNCT
ftr-305	644	40	.	.	PUNCT
ftr-305	645	1	see	see	VERB
ftr-305	645	2	amy	amy	PROPN
ftr-305	645	3	s.	s.	PROPN
ftr-305	645	4	elliott	elliott	PROPN
ftr-305	645	5	,	,	PUNCT
ftr-305	645	6	the	the	DET
ftr-305	645	7	expanding	expand	VERB
ftr-305	645	8	universe	universe	NOUN
ftr-305	645	9	of	of	ADP
ftr-305	645	10	reits	reit	NOUN
ftr-305	645	11	,	,	PUNCT
ftr-305	645	12	2012	2012	NUM
ftr-305	645	13	tnt	tnt	PROPN
ftr-305	645	14	219	219	NUM
ftr-305	645	15	-	-	SYM
ftr-305	645	16	1	1	NUM
ftr-305	645	17	(	(	PUNCT
ftr-305	645	18	nov	nov	PROPN
ftr-305	645	19	.	.	PROPN
ftr-305	645	20	13	13	NUM
ftr-305	645	21	,	,	PUNCT
ftr-305	645	22	2012	2012	NUM
ftr-305	645	23	)	)	PUNCT
ftr-305	645	24	.	.	PUNCT
ftr-305	646	1	132	132	NUM
ftr-305	646	2	.	.	X
ftr-305	647	1	see	see	VERB
ftr-305	647	2	plr	plr	NOUN
ftr-305	647	3	201250003	201250003	NUM
ftr-305	647	4	(	(	PUNCT
ftr-305	647	5	dec	dec	PROPN
ftr-305	647	6	.	.	PROPN
ftr-305	647	7	14	14	NUM
ftr-305	647	8	,	,	PUNCT
ftr-305	647	9	2012	2012	NUM
ftr-305	647	10	)	)	PUNCT
ftr-305	647	11	(	(	PUNCT
ftr-305	647	12	concluding	conclude	VERB
ftr-305	647	13	that	that	DET
ftr-305	647	14	income	income	NOUN
ftr-305	647	15	from	from	ADP
ftr-305	647	16	the	the	DET
ftr-305	647	17	lease	lease	NOUN
ftr-305	647	18	of	of	ADP
ftr-305	647	19	an	an	DET
ftr-305	647	20	offshore	offshore	ADJ
ftr-305	647	21	oil	oil	NOUN
ftr-305	647	22	and	and	CCONJ
ftr-305	647	23	gas	gas	NOUN
ftr-305	647	24	drilling	drilling	NOUN
ftr-305	647	25	platform	platform	NOUN
ftr-305	647	26	and	and	CCONJ
ftr-305	647	27	related	related	ADJ
ftr-305	647	28	machinery	machinery	NOUN
ftr-305	647	29	and	and	CCONJ
ftr-305	647	30	equipment	equipment	NOUN
ftr-305	647	31	was	be	AUX
ftr-305	647	32	rent	rent	NOUN
ftr-305	647	33	from	from	ADP
ftr-305	647	34	real	real	ADJ
ftr-305	647	35	property	property	NOUN
ftr-305	647	36	for	for	ADP
ftr-305	647	37	purposes	purpose	NOUN
ftr-305	647	38	of	of	ADP
ftr-305	647	39	section	section	NOUN
ftr-305	647	40	7704(d	7704(d	NUM
ftr-305	647	41	)	)	PUNCT
ftr-305	647	42	,	,	PUNCT
ftr-305	647	43	based	base	VERB
ftr-305	647	44	on	on	ADP
ftr-305	647	45	the	the	DET
ftr-305	647	46	definitions	definition	NOUN
ftr-305	647	47	in	in	ADP
ftr-305	647	48	the	the	DET
ftr-305	647	49	regulations	regulation	NOUN
ftr-305	647	50	under	under	ADP
ftr-305	647	51	section	section	NOUN
ftr-305	647	52	856	856	NUM
ftr-305	647	53	)	)	PUNCT
ftr-305	647	54	.	.	PUNCT
ftr-305	648	1	133	133	NUM
ftr-305	648	2	.	.	PUNCT
ftr-305	649	1	the	the	DET
ftr-305	649	2	restrictions	restriction	NOUN
ftr-305	649	3	on	on	ADP
ftr-305	649	4	taxable	taxable	ADJ
ftr-305	649	5	reit	reit	NOUN
ftr-305	649	6	subsidiaries	subsidiary	NOUN
ftr-305	649	7	are	be	AUX
ftr-305	649	8	in	in	ADP
ftr-305	649	9	the	the	DET
ftr-305	649	10	asset	asset	NOUN
ftr-305	649	11	and	and	CCONJ
ftr-305	649	12	income	income	NOUN
ftr-305	649	13	tests	test	NOUN
ftr-305	649	14	for	for	ADP
ftr-305	649	15	reit	reit	NOUN
ftr-305	649	16	qualification	qualification	NOUN
ftr-305	649	17	—	—	PUNCT
ftr-305	649	18	i.e.	i.e.	X
ftr-305	649	19	,	,	PUNCT
ftr-305	649	20	that	that	SCONJ
ftr-305	649	21	not	not	PART
ftr-305	649	22	more	more	ADJ
ftr-305	649	23	than	than	ADP
ftr-305	649	24	25	25	NUM
ftr-305	649	25	percent	percent	NOUN
ftr-305	649	26	in	in	ADP
ftr-305	649	27	value	value	NOUN
ftr-305	649	28	of	of	ADP
ftr-305	649	29	a	a	DET
ftr-305	649	30	reit	reit	NOUN
ftr-305	649	31	’s	’s	PART
ftr-305	649	32	assets	asset	NOUN
ftr-305	649	33	can	can	AUX
ftr-305	649	34	be	be	AUX
ftr-305	649	35	securities	security	NOUN
ftr-305	649	36	of	of	ADP
ftr-305	649	37	taxable	taxable	ADJ
ftr-305	649	38	reit	reit	NOUN
ftr-305	649	39	subsidiaries	subsidiary	NOUN
ftr-305	649	40	,	,	PUNCT
ftr-305	649	41	see	see	VERB
ftr-305	649	42	i.r.c	i.r.c	NOUN
ftr-305	649	43	.	.	PUNCT
ftr-305	650	1	§	§	PROPN
ftr-305	650	2	864(c)(4)(b)(ii	864(c)(4)(b)(ii	NUM
ftr-305	650	3	)	)	PUNCT
ftr-305	650	4	,	,	PUNCT
ftr-305	650	5	and	and	CCONJ
ftr-305	650	6	that	that	SCONJ
ftr-305	650	7	dividends	dividend	NOUN
ftr-305	650	8	and	and	CCONJ
ftr-305	650	9	interest	interest	NOUN
ftr-305	650	10	from	from	ADP
ftr-305	650	11	taxable	taxable	ADJ
ftr-305	650	12	reit	reit	NOUN
ftr-305	650	13	subsidiaries	subsidiary	NOUN
ftr-305	650	14	are	be	AUX
ftr-305	650	15	not	not	PART
ftr-305	650	16	real	real	ADJ
ftr-305	650	17	estate	estate	NOUN
ftr-305	650	18	income	income	NOUN
ftr-305	650	19	described	describe	VERB
ftr-305	650	20	in	in	ADP
ftr-305	650	21	section	section	NOUN
ftr-305	650	22	856(c)(3	856(c)(3	NUM
ftr-305	650	23	)	)	PUNCT
ftr-305	650	24	.	.	PUNCT
ftr-305	651	1	134	134	NUM
ftr-305	651	2	.	.	PUNCT
ftr-305	651	3	regs	regs	PROPN
ftr-305	651	4	.	.	PUNCT
ftr-305	652	1	§	§	PROPN
ftr-305	652	2	1.856	1.856	NUM
ftr-305	652	3	-	-	SYM
ftr-305	652	4	3(d	3(d	NUM
ftr-305	652	5	)	)	PUNCT
ftr-305	652	6	.	.	PUNCT
ftr-305	653	1	see	see	AUX
ftr-305	653	2	also	also	ADV
ftr-305	653	3	rev	rev	VERB
ftr-305	653	4	.	.	PUNCT
ftr-305	654	1	rul	rul	PROPN
ftr-305	654	2	75	75	NUM
ftr-305	654	3	-	-	SYM
ftr-305	654	4	424	424	NUM
ftr-305	654	5	,	,	PUNCT
ftr-305	654	6	1975	1975	NUM
ftr-305	654	7	-	-	SYM
ftr-305	654	8	2	2	NUM
ftr-305	654	9	c.b	c.b	PROPN
ftr-305	654	10	.	.	PROPN
ftr-305	654	11	269	269	NUM
ftr-305	654	12	;	;	PUNCT
ftr-305	654	13	rev	rev	PROPN
ftr-305	654	14	.	.	PROPN
ftr-305	654	15	rul	rul	NOUN
ftr-305	654	16	.	.	PUNCT
ftr-305	655	1	73	73	NUM
ftr-305	655	2	-	-	SYM
ftr-305	655	3	425	425	NUM
ftr-305	655	4	,	,	PUNCT
ftr-305	655	5	1973	1973	NUM
ftr-305	655	6	-	-	SYM
ftr-305	655	7	2	2	NUM
ftr-305	655	8	c.b	c.b	PROPN
ftr-305	655	9	.	.	PROPN
ftr-305	655	10	222	222	NUM
ftr-305	655	11	;	;	PUNCT
ftr-305	655	12	rev	rev	X
ftr-305	655	13	.	.	PROPN
ftr-305	655	14	rul	rul	NOUN
ftr-305	655	15	.	.	PUNCT
ftr-305	656	1	71	71	NUM
ftr-305	656	2	-	-	SYM
ftr-305	656	3	220	220	NUM
ftr-305	656	4	,	,	PUNCT
ftr-305	656	5	1971	1971	NUM
ftr-305	656	6	-	-	SYM
ftr-305	656	7	1	1	NUM
ftr-305	656	8	c.b	c.b	PROPN
ftr-305	656	9	.	.	PROPN
ftr-305	656	10	210	210	NUM
ftr-305	656	11	;	;	PUNCT
ftr-305	656	12	rev	rev	X
ftr-305	657	1	.	.	PROPN
ftr-305	657	2	rul	rul	PROPN
ftr-305	657	3	.	.	PUNCT
ftr-305	658	1	69	69	NUM
ftr-305	658	2	-	-	SYM
ftr-305	658	3	94	94	NUM
ftr-305	658	4	,	,	PUNCT
ftr-305	658	5	1969	1969	NUM
ftr-305	658	6	-	-	SYM
ftr-305	658	7	1	1	NUM
ftr-305	658	8	c.b	c.b	PROPN
ftr-305	658	9	.	.	PROPN
ftr-305	658	10	189	189	NUM
ftr-305	658	11	.	.	PUNCT
ftr-305	658	12	135	135	NUM
ftr-305	658	13	.	.	PUNCT
ftr-305	659	1	a	a	DET
ftr-305	659	2	reit	reit	NOUN
ftr-305	659	3	that	that	PRON
ftr-305	659	4	was	be	AUX
ftr-305	659	5	previously	previously	ADV
ftr-305	659	6	a	a	DET
ftr-305	659	7	c	c	NOUN
ftr-305	659	8	corporation	corporation	NOUN
ftr-305	659	9	(	(	PUNCT
ftr-305	659	10	or	or	CCONJ
ftr-305	659	11	was	be	AUX
ftr-305	659	12	spun	spin	VERB
ftr-305	659	13	off	off	ADP
ftr-305	659	14	by	by	ADP
ftr-305	659	15	a	a	DET
ftr-305	659	16	c	c	NOUN
ftr-305	659	17	corporation	corporation	NOUN
ftr-305	659	18	)	)	PUNCT
ftr-305	659	19	must	must	AUX
ftr-305	659	20	distribute	distribute	VERB
ftr-305	659	21	its	its	PRON
ftr-305	659	22	earnings	earning	NOUN
ftr-305	659	23	and	and	CCONJ
ftr-305	659	24	profits	profit	NOUN
ftr-305	659	25	in	in	ADP
ftr-305	659	26	a	a	DET
ftr-305	659	27	taxable	taxable	ADJ
ftr-305	659	28	dividend	dividend	NOUN
ftr-305	659	29	(	(	PUNCT
ftr-305	659	30	which	which	PRON
ftr-305	659	31	is	be	AUX
ftr-305	659	32	usually	usually	ADV
ftr-305	659	33	effected	effect	VERB
ftr-305	659	34	by	by	ADP
ftr-305	659	35	a	a	DET
ftr-305	659	36	taxable	taxable	ADJ
ftr-305	659	37	stock	stock	NOUN
ftr-305	659	38	dividend	dividend	NOUN
ftr-305	659	39	)	)	PUNCT
ftr-305	659	40	,	,	PUNCT
ftr-305	659	41	see	see	VERB
ftr-305	659	42	i.r.c	i.r.c	NOUN
ftr-305	659	43	.	.	PUNCT
ftr-305	660	1	§	§	PROPN
ftr-305	660	2	857(a)(2	857(a)(2	NUM
ftr-305	660	3	)	)	PUNCT
ftr-305	660	4	,	,	PUNCT
ftr-305	660	5	and	and	CCONJ
ftr-305	660	6	will	will	AUX
ftr-305	660	7	recognize	recognize	VERB
ftr-305	660	8	any	any	DET
ftr-305	660	9	built	build	VERB
ftr-305	660	10	in	in	ADP
ftr-305	660	11	gain	gain	NOUN
ftr-305	660	12	in	in	ADP
ftr-305	660	13	its	its	PRON
ftr-305	660	14	assets	asset	NOUN
ftr-305	660	15	that	that	PRON
ftr-305	660	16	is	be	AUX
ftr-305	660	17	recognized	recognize	VERB
ftr-305	660	18	in	in	ADP
ftr-305	660	19	the	the	DET
ftr-305	660	20	gain	gain	NOUN
ftr-305	660	21	recognition	recognition	NOUN
ftr-305	660	22	period	period	NOUN
ftr-305	660	23	specified	specify	VERB
ftr-305	660	24	by	by	ADP
ftr-305	660	25	regulations	regulation	NOUN
ftr-305	660	26	under	under	ADP
ftr-305	660	27	section	section	NOUN
ftr-305	660	28	337(d	337(d	PROPN
ftr-305	660	29	)	)	PUNCT
ftr-305	660	30	.	.	PUNCT
ftr-305	661	1	34	34	NUM
ftr-305	661	2	florida	florida	PROPN
ftr-305	661	3	tax	tax	NOUN
ftr-305	661	4	review	review	NOUN
ftr-305	661	5	[	[	X
ftr-305	661	6	vol	vol	NOUN
ftr-305	661	7	.	.	PUNCT
ftr-305	662	1	14:1	14:1	NUM
ftr-305	662	2	investment	investment	NOUN
ftr-305	662	3	trust	trust	NOUN
ftr-305	662	4	that	that	PRON
ftr-305	662	5	held	hold	VERB
ftr-305	662	6	such	such	DET
ftr-305	662	7	an	an	DET
ftr-305	662	8	interest	interest	NOUN
ftr-305	662	9	,	,	PUNCT
ftr-305	662	10	or	or	CCONJ
ftr-305	662	11	of	of	ADP
ftr-305	662	12	an	an	DET
ftr-305	662	13	interest	interest	NOUN
ftr-305	662	14	in	in	ADP
ftr-305	662	15	a	a	DET
ftr-305	662	16	partnership	partnership	NOUN
ftr-305	662	17	that	that	PRON
ftr-305	662	18	held	hold	VERB
ftr-305	662	19	interests	interest	NOUN
ftr-305	662	20	in	in	ADP
ftr-305	662	21	usrp	usrp	NOUN
ftr-305	662	22	,	,	PUNCT
ftr-305	662	23	would	would	AUX
ftr-305	662	24	still	still	ADV
ftr-305	662	25	be	be	AUX
ftr-305	662	26	subject	subject	ADJ
ftr-305	662	27	to	to	ADP
ftr-305	662	28	tax,136	tax,136	PROPN
ftr-305	662	29	as	as	SCONJ
ftr-305	662	30	would	would	AUX
ftr-305	662	31	a	a	DET
ftr-305	662	32	foreign	foreign	ADJ
ftr-305	662	33	partner	partner	NOUN
ftr-305	662	34	’s	’s	PART
ftr-305	662	35	share	share	NOUN
ftr-305	662	36	of	of	ADP
ftr-305	662	37	gain	gain	NOUN
ftr-305	662	38	of	of	ADP
ftr-305	662	39	a	a	DET
ftr-305	662	40	partnership	partnership	NOUN
ftr-305	662	41	from	from	ADP
ftr-305	662	42	a	a	DET
ftr-305	662	43	disposition	disposition	NOUN
ftr-305	662	44	of	of	ADP
ftr-305	662	45	an	an	DET
ftr-305	662	46	interest	interest	NOUN
ftr-305	662	47	in	in	ADP
ftr-305	662	48	usrp	usrp	NOUN
ftr-305	662	49	.	.	PUNCT
ftr-305	663	1	there	there	PRON
ftr-305	663	2	would	would	AUX
ftr-305	663	3	,	,	PUNCT
ftr-305	663	4	however	however	ADV
ftr-305	663	5	,	,	PUNCT
ftr-305	663	6	be	be	AUX
ftr-305	663	7	no	no	DET
ftr-305	663	8	tax	tax	NOUN
ftr-305	663	9	on	on	ADP
ftr-305	663	10	gain	gain	NOUN
ftr-305	663	11	from	from	ADP
ftr-305	663	12	the	the	DET
ftr-305	663	13	sale	sale	NOUN
ftr-305	663	14	of	of	ADP
ftr-305	663	15	shares	share	NOUN
ftr-305	663	16	of	of	ADP
ftr-305	663	17	a	a	DET
ftr-305	663	18	reit	reit	NOUN
ftr-305	663	19	(	(	PUNCT
ftr-305	663	20	or	or	CCONJ
ftr-305	663	21	a	a	DET
ftr-305	663	22	ric	ric	NOUN
ftr-305	663	23	that	that	SCONJ
ftr-305	663	24	invests	invest	NOUN
ftr-305	663	25	in	in	ADP
ftr-305	663	26	shares	share	NOUN
ftr-305	663	27	of	of	ADP
ftr-305	663	28	a	a	DET
ftr-305	663	29	reit	reit	NOUN
ftr-305	663	30	)	)	PUNCT
ftr-305	663	31	or	or	CCONJ
ftr-305	663	32	any	any	DET
ftr-305	663	33	other	other	ADJ
ftr-305	663	34	corporation	corporation	NOUN
ftr-305	663	35	that	that	PRON
ftr-305	663	36	would	would	AUX
ftr-305	663	37	have	have	AUX
ftr-305	663	38	been	be	AUX
ftr-305	663	39	a	a	DET
ftr-305	663	40	usrphc	usrphc	NOUN
ftr-305	663	41	before	before	ADP
ftr-305	663	42	repeal	repeal	NOUN
ftr-305	663	43	or	or	CCONJ
ftr-305	663	44	on	on	ADP
ftr-305	663	45	distributions	distribution	NOUN
ftr-305	663	46	by	by	ADP
ftr-305	663	47	a	a	DET
ftr-305	663	48	reit	reit	NOUN
ftr-305	663	49	(	(	PUNCT
ftr-305	663	50	or	or	CCONJ
ftr-305	663	51	a	a	DET
ftr-305	663	52	ric	ric	NOUN
ftr-305	663	53	that	that	SCONJ
ftr-305	663	54	invests	invest	NOUN
ftr-305	663	55	in	in	ADP
ftr-305	663	56	shares	share	NOUN
ftr-305	663	57	of	of	ADP
ftr-305	663	58	a	a	DET
ftr-305	663	59	reit	reit	NOUN
ftr-305	663	60	)	)	PUNCT
ftr-305	663	61	of	of	ADP
ftr-305	663	62	gain	gain	NOUN
ftr-305	663	63	from	from	ADP
ftr-305	663	64	the	the	DET
ftr-305	663	65	disposition	disposition	NOUN
ftr-305	663	66	of	of	ADP
ftr-305	663	67	an	an	DET
ftr-305	663	68	interest	interest	NOUN
ftr-305	663	69	in	in	ADP
ftr-305	663	70	usrp	usrp	NOUN
ftr-305	663	71	.	.	PUNCT
ftr-305	664	1	other	other	ADJ
ftr-305	664	2	dividends	dividend	NOUN
ftr-305	664	3	of	of	ADP
ftr-305	664	4	a	a	DET
ftr-305	664	5	reit	reit	NOUN
ftr-305	664	6	(	(	PUNCT
ftr-305	664	7	or	or	CCONJ
ftr-305	664	8	a	a	DET
ftr-305	664	9	ric	ric	NOUN
ftr-305	664	10	that	that	SCONJ
ftr-305	664	11	invests	invest	NOUN
ftr-305	664	12	in	in	ADP
ftr-305	664	13	shares	share	NOUN
ftr-305	664	14	of	of	ADP
ftr-305	664	15	a	a	DET
ftr-305	664	16	reit	reit	NOUN
ftr-305	664	17	)	)	PUNCT
ftr-305	664	18	would	would	AUX
ftr-305	664	19	be	be	AUX
ftr-305	664	20	subject	subject	ADJ
ftr-305	664	21	to	to	ADP
ftr-305	664	22	withholding	withholding	NOUN
ftr-305	664	23	tax	tax	NOUN
ftr-305	664	24	,	,	PUNCT
ftr-305	664	25	but	but	CCONJ
ftr-305	664	26	even	even	ADV
ftr-305	664	27	that	that	PRON
ftr-305	664	28	would	would	AUX
ftr-305	664	29	be	be	AUX
ftr-305	664	30	reduced	reduce	VERB
ftr-305	664	31	under	under	ADP
ftr-305	664	32	tax	tax	NOUN
ftr-305	664	33	treaties	treaty	NOUN
ftr-305	664	34	to	to	ADP
ftr-305	664	35	a	a	DET
ftr-305	664	36	level	level	NOUN
ftr-305	664	37	that	that	PRON
ftr-305	664	38	is	be	AUX
ftr-305	664	39	likely	likely	ADV
ftr-305	664	40	lower	low	ADJ
ftr-305	664	41	than	than	ADP
ftr-305	664	42	the	the	DET
ftr-305	664	43	tax	tax	NOUN
ftr-305	664	44	paid	pay	VERB
ftr-305	664	45	on	on	ADP
ftr-305	664	46	a	a	DET
ftr-305	664	47	direct	direct	ADJ
ftr-305	664	48	investment	investment	NOUN
ftr-305	664	49	in	in	ADP
ftr-305	664	50	interests	interest	NOUN
ftr-305	664	51	in	in	ADP
ftr-305	664	52	usrp	usrp	NOUN
ftr-305	664	53	or	or	CCONJ
ftr-305	664	54	investment	investment	NOUN
ftr-305	664	55	through	through	ADP
ftr-305	664	56	a	a	DET
ftr-305	664	57	partnership	partnership	NOUN
ftr-305	664	58	in	in	ADP
ftr-305	664	59	usrp	usrp	NOUN
ftr-305	664	60	.	.	PUNCT
ftr-305	665	1	if	if	SCONJ
ftr-305	665	2	the	the	DET
ftr-305	665	3	usrphc	usrphc	ADJ
ftr-305	665	4	rules	rule	NOUN
ftr-305	665	5	were	be	AUX
ftr-305	665	6	repealed	repeal	VERB
ftr-305	665	7	,	,	PUNCT
ftr-305	665	8	therefore	therefore	ADV
ftr-305	665	9	,	,	PUNCT
ftr-305	665	10	it	it	PRON
ftr-305	665	11	would	would	AUX
ftr-305	665	12	make	make	VERB
ftr-305	665	13	sense	sense	NOUN
ftr-305	665	14	at	at	ADP
ftr-305	665	15	the	the	DET
ftr-305	665	16	same	same	ADJ
ftr-305	665	17	time	time	NOUN
ftr-305	665	18	to	to	PART
ftr-305	665	19	enact	enact	VERB
ftr-305	665	20	consistent	consistent	ADJ
ftr-305	665	21	rules	rule	NOUN
ftr-305	665	22	for	for	ADP
ftr-305	665	23	foreign	foreign	ADJ
ftr-305	665	24	investments	investment	NOUN
ftr-305	665	25	in	in	ADP
ftr-305	665	26	usrp	usrp	NOUN
ftr-305	665	27	that	that	PRON
ftr-305	665	28	are	be	AUX
ftr-305	665	29	made	make	VERB
ftr-305	665	30	directly	directly	ADV
ftr-305	665	31	or	or	CCONJ
ftr-305	665	32	through	through	ADP
ftr-305	665	33	a	a	DET
ftr-305	665	34	partnership	partnership	NOUN
ftr-305	665	35	or	or	CCONJ
ftr-305	665	36	through	through	ADP
ftr-305	665	37	a	a	DET
ftr-305	665	38	reit	reit	NOUN
ftr-305	665	39	(	(	PUNCT
ftr-305	665	40	or	or	CCONJ
ftr-305	665	41	a	a	DET
ftr-305	665	42	ric	ric	NOUN
ftr-305	665	43	that	that	SCONJ
ftr-305	665	44	invests	invest	NOUN
ftr-305	665	45	in	in	ADP
ftr-305	665	46	shares	share	NOUN
ftr-305	665	47	of	of	ADP
ftr-305	665	48	a	a	DET
ftr-305	665	49	reit	reit	NOUN
ftr-305	665	50	)	)	PUNCT
ftr-305	665	51	.	.	PUNCT
ftr-305	666	1	the	the	DET
ftr-305	666	2	argument	argument	NOUN
ftr-305	666	3	for	for	ADP
ftr-305	666	4	doing	do	VERB
ftr-305	666	5	so	so	ADV
ftr-305	666	6	is	be	AUX
ftr-305	666	7	not	not	PART
ftr-305	666	8	an	an	DET
ftr-305	666	9	argument	argument	NOUN
ftr-305	666	10	for	for	ADP
ftr-305	666	11	horizontal	horizontal	ADJ
ftr-305	666	12	equity	equity	NOUN
ftr-305	666	13	between	between	ADP
ftr-305	666	14	u.s	u.s	PROPN
ftr-305	666	15	.	.	PROPN
ftr-305	666	16	and	and	CCONJ
ftr-305	666	17	foreign	foreign	ADJ
ftr-305	666	18	investors	investor	NOUN
ftr-305	666	19	but	but	CCONJ
ftr-305	666	20	rather	rather	ADV
ftr-305	666	21	for	for	ADP
ftr-305	666	22	uniform	uniform	ADJ
ftr-305	666	23	treatment	treatment	NOUN
ftr-305	666	24	of	of	ADP
ftr-305	666	25	foreign	foreign	ADJ
ftr-305	666	26	investors	investor	NOUN
ftr-305	666	27	and	and	CCONJ
ftr-305	666	28	the	the	DET
ftr-305	666	29	elimination	elimination	NOUN
ftr-305	666	30	of	of	ADP
ftr-305	666	31	the	the	DET
ftr-305	666	32	distortions	distortion	NOUN
ftr-305	666	33	that	that	PRON
ftr-305	666	34	result	result	VERB
ftr-305	666	35	from	from	ADP
ftr-305	666	36	the	the	DET
ftr-305	666	37	choice	choice	NOUN
ftr-305	666	38	of	of	ADP
ftr-305	666	39	the	the	DET
ftr-305	666	40	entity	entity	NOUN
ftr-305	666	41	that	that	PRON
ftr-305	666	42	makes	make	VERB
ftr-305	666	43	an	an	DET
ftr-305	666	44	investment	investment	NOUN
ftr-305	666	45	.	.	PUNCT
ftr-305	667	1	if	if	SCONJ
ftr-305	667	2	a	a	DET
ftr-305	667	3	foreign	foreign	ADJ
ftr-305	667	4	person	person	NOUN
ftr-305	667	5	who	who	PRON
ftr-305	667	6	invests	invest	VERB
ftr-305	667	7	directly	directly	ADV
ftr-305	667	8	or	or	CCONJ
ftr-305	667	9	through	through	ADP
ftr-305	667	10	a	a	DET
ftr-305	667	11	partnership	partnership	NOUN
ftr-305	667	12	in	in	ADP
ftr-305	667	13	usrp	usrp	NOUN
ftr-305	667	14	would	would	AUX
ftr-305	667	15	be	be	AUX
ftr-305	667	16	subject	subject	ADJ
ftr-305	667	17	to	to	ADP
ftr-305	667	18	current	current	ADJ
ftr-305	667	19	tax	tax	NOUN
ftr-305	667	20	on	on	ADP
ftr-305	667	21	income	income	NOUN
ftr-305	667	22	from	from	ADP
ftr-305	667	23	the	the	DET
ftr-305	667	24	investment	investment	NOUN
ftr-305	667	25	and	and	CCONJ
ftr-305	667	26	to	to	PART
ftr-305	667	27	tax	tax	VERB
ftr-305	667	28	on	on	ADP
ftr-305	667	29	its	its	PRON
ftr-305	667	30	sale	sale	NOUN
ftr-305	667	31	,	,	PUNCT
ftr-305	667	32	why	why	SCONJ
ftr-305	667	33	should	should	AUX
ftr-305	667	34	the	the	DET
ftr-305	667	35	result	result	NOUN
ftr-305	667	36	differ	differ	VERB
ftr-305	667	37	if	if	SCONJ
ftr-305	667	38	the	the	DET
ftr-305	667	39	investment	investment	NOUN
ftr-305	667	40	is	be	AUX
ftr-305	667	41	made	make	VERB
ftr-305	667	42	through	through	ADP
ftr-305	667	43	a	a	DET
ftr-305	667	44	reit	reit	NOUN
ftr-305	667	45	(	(	PUNCT
ftr-305	667	46	or	or	CCONJ
ftr-305	667	47	a	a	DET
ftr-305	667	48	ric	ric	NOUN
ftr-305	667	49	that	that	SCONJ
ftr-305	667	50	invests	invest	NOUN
ftr-305	667	51	in	in	ADP
ftr-305	667	52	shares	share	NOUN
ftr-305	667	53	of	of	ADP
ftr-305	667	54	a	a	DET
ftr-305	667	55	reit)?137	reit)?137	NOUN
ftr-305	667	56	put	put	VERB
ftr-305	667	57	differently	differently	ADV
ftr-305	667	58	,	,	PUNCT
ftr-305	667	59	if	if	SCONJ
ftr-305	667	60	there	there	PRON
ftr-305	667	61	is	be	VERB
ftr-305	667	62	to	to	PART
ftr-305	667	63	be	be	AUX
ftr-305	667	64	no	no	DET
ftr-305	667	65	tax	tax	NOUN
ftr-305	667	66	on	on	ADP
ftr-305	667	67	sales	sale	NOUN
ftr-305	667	68	by	by	ADP
ftr-305	667	69	foreign	foreign	ADJ
ftr-305	667	70	persons	person	NOUN
ftr-305	667	71	of	of	ADP
ftr-305	667	72	shares	share	NOUN
ftr-305	667	73	of	of	ADP
ftr-305	667	74	a	a	DET
ftr-305	667	75	reit	reit	NOUN
ftr-305	667	76	(	(	PUNCT
ftr-305	667	77	or	or	CCONJ
ftr-305	667	78	a	a	DET
ftr-305	667	79	ric	ric	NOUN
ftr-305	667	80	that	that	SCONJ
ftr-305	667	81	invests	invest	NOUN
ftr-305	667	82	in	in	ADP
ftr-305	667	83	shares	share	NOUN
ftr-305	667	84	of	of	ADP
ftr-305	667	85	a	a	DET
ftr-305	667	86	reit	reit	NOUN
ftr-305	667	87	)	)	PUNCT
ftr-305	667	88	or	or	CCONJ
ftr-305	667	89	distributions	distribution	NOUN
ftr-305	667	90	by	by	ADP
ftr-305	667	91	a	a	DET
ftr-305	667	92	reit	reit	NOUN
ftr-305	667	93	(	(	PUNCT
ftr-305	667	94	or	or	CCONJ
ftr-305	667	95	such	such	DET
ftr-305	667	96	a	a	DET
ftr-305	667	97	ric	ric	NOUN
ftr-305	667	98	)	)	PUNCT
ftr-305	667	99	of	of	ADP
ftr-305	667	100	gain	gain	NOUN
ftr-305	667	101	to	to	ADP
ftr-305	667	102	shareholders	shareholder	NOUN
ftr-305	667	103	,	,	PUNCT
ftr-305	667	104	why	why	SCONJ
ftr-305	667	105	should	should	AUX
ftr-305	667	106	there	there	PRON
ftr-305	667	107	be	be	AUX
ftr-305	667	108	a	a	DET
ftr-305	667	109	tax	tax	NOUN
ftr-305	667	110	on	on	ADP
ftr-305	667	111	dispositions	disposition	NOUN
ftr-305	667	112	of	of	ADP
ftr-305	667	113	investments	investment	NOUN
ftr-305	667	114	made	make	VERB
ftr-305	667	115	through	through	ADP
ftr-305	667	116	a	a	DET
ftr-305	667	117	partnership	partnership	NOUN
ftr-305	667	118	or	or	CCONJ
ftr-305	667	119	made	make	VERB
ftr-305	667	120	directly	directly	ADV
ftr-305	667	121	?	?	PUNCT
ftr-305	668	1	but	but	CCONJ
ftr-305	668	2	conforming	conform	VERB
ftr-305	668	3	the	the	DET
ftr-305	668	4	treatment	treatment	NOUN
ftr-305	668	5	of	of	ADP
ftr-305	668	6	investments	investment	NOUN
ftr-305	668	7	made	make	VERB
ftr-305	668	8	directly	directly	ADV
ftr-305	668	9	or	or	CCONJ
ftr-305	668	10	through	through	ADP
ftr-305	668	11	a	a	DET
ftr-305	668	12	partnership	partnership	NOUN
ftr-305	668	13	with	with	ADP
ftr-305	668	14	investments	investment	NOUN
ftr-305	668	15	made	make	VERB
ftr-305	668	16	through	through	ADP
ftr-305	668	17	a	a	DET
ftr-305	668	18	reit	reit	NOUN
ftr-305	668	19	(	(	PUNCT
ftr-305	668	20	or	or	CCONJ
ftr-305	668	21	a	a	DET
ftr-305	668	22	ric	ric	NOUN
ftr-305	668	23	that	that	SCONJ
ftr-305	668	24	invests	invest	NOUN
ftr-305	668	25	in	in	ADP
ftr-305	668	26	shares	share	NOUN
ftr-305	668	27	of	of	ADP
ftr-305	668	28	a	a	DET
ftr-305	668	29	reit	reit	NOUN
ftr-305	668	30	)	)	PUNCT
ftr-305	668	31	poses	pose	VERB
ftr-305	668	32	a	a	DET
ftr-305	668	33	dilemma	dilemma	NOUN
ftr-305	668	34	.	.	PUNCT
ftr-305	669	1	which	which	DET
ftr-305	669	2	set	set	VERB
ftr-305	669	3	of	of	ADP
ftr-305	669	4	rules	rule	NOUN
ftr-305	669	5	are	be	AUX
ftr-305	669	6	to	to	PART
ftr-305	669	7	be	be	AUX
ftr-305	669	8	changed	change	VERB
ftr-305	669	9	?	?	PUNCT
ftr-305	670	1	should	should	AUX
ftr-305	670	2	the	the	DET
ftr-305	670	3	taxation	taxation	NOUN
ftr-305	670	4	of	of	ADP
ftr-305	670	5	investments	investment	NOUN
ftr-305	670	6	through	through	ADP
ftr-305	670	7	a	a	DET
ftr-305	670	8	reit	reit	NOUN
ftr-305	670	9	(	(	PUNCT
ftr-305	670	10	or	or	CCONJ
ftr-305	670	11	a	a	DET
ftr-305	670	12	ric	ric	NOUN
ftr-305	670	13	that	that	DET
ftr-305	670	14	136	136	NUM
ftr-305	670	15	.	.	PUNCT
ftr-305	671	1	with	with	ADP
ftr-305	671	2	the	the	DET
ftr-305	671	3	repeal	repeal	NOUN
ftr-305	671	4	of	of	ADP
ftr-305	671	5	firpta	firpta	NOUN
ftr-305	671	6	and	and	CCONJ
ftr-305	671	7	with	with	ADP
ftr-305	671	8	it	it	PRON
ftr-305	671	9	the	the	DET
ftr-305	671	10	rule	rule	NOUN
ftr-305	671	11	that	that	PRON
ftr-305	671	12	excepts	except	VERB
ftr-305	671	13	sales	sale	NOUN
ftr-305	671	14	by	by	ADP
ftr-305	671	15	5	5	NUM
ftr-305	671	16	percent	percent	NOUN
ftr-305	671	17	or	or	CCONJ
ftr-305	671	18	smaller	small	ADJ
ftr-305	671	19	holders	holder	NOUN
ftr-305	671	20	of	of	ADP
ftr-305	671	21	interests	interest	NOUN
ftr-305	671	22	in	in	ADP
ftr-305	671	23	a	a	DET
ftr-305	671	24	publicly	publicly	ADV
ftr-305	671	25	-	-	PUNCT
ftr-305	671	26	traded	trade	VERB
ftr-305	671	27	partnership	partnership	NOUN
ftr-305	671	28	,	,	PUNCT
ftr-305	671	29	a	a	DET
ftr-305	671	30	foreign	foreign	ADJ
ftr-305	671	31	partner	partner	NOUN
ftr-305	671	32	would	would	AUX
ftr-305	671	33	be	be	AUX
ftr-305	671	34	taxed	tax	VERB
ftr-305	671	35	on	on	ADP
ftr-305	671	36	the	the	DET
ftr-305	671	37	partner	partner	NOUN
ftr-305	671	38	’s	’s	PART
ftr-305	671	39	share	share	NOUN
ftr-305	671	40	of	of	ADP
ftr-305	671	41	the	the	DET
ftr-305	671	42	current	current	ADJ
ftr-305	671	43	income	income	NOUN
ftr-305	671	44	or	or	CCONJ
ftr-305	671	45	gain	gain	NOUN
ftr-305	671	46	of	of	ADP
ftr-305	671	47	the	the	DET
ftr-305	671	48	partnership	partnership	NOUN
ftr-305	671	49	from	from	ADP
ftr-305	671	50	the	the	DET
ftr-305	671	51	investment	investment	NOUN
ftr-305	671	52	in	in	ADP
ftr-305	671	53	u.s	u.s	PROPN
ftr-305	671	54	.	.	PROPN
ftr-305	671	55	real	real	ADJ
ftr-305	671	56	property	property	NOUN
ftr-305	671	57	and	and	CCONJ
ftr-305	671	58	would	would	AUX
ftr-305	671	59	also	also	ADV
ftr-305	671	60	(	(	PUNCT
ftr-305	671	61	assuming	assume	VERB
ftr-305	671	62	an	an	DET
ftr-305	671	63	aggregate	aggregate	ADJ
ftr-305	671	64	view	view	NOUN
ftr-305	671	65	of	of	ADP
ftr-305	671	66	partnerships	partnership	NOUN
ftr-305	671	67	for	for	ADP
ftr-305	671	68	this	this	DET
ftr-305	671	69	purpose	purpose	NOUN
ftr-305	671	70	)	)	PUNCT
ftr-305	671	71	be	be	AUX
ftr-305	671	72	taxed	tax	VERB
ftr-305	671	73	at	at	ADP
ftr-305	671	74	the	the	DET
ftr-305	671	75	time	time	NOUN
ftr-305	671	76	an	an	DET
ftr-305	671	77	interest	interest	NOUN
ftr-305	671	78	was	be	AUX
ftr-305	671	79	sold	sell	VERB
ftr-305	671	80	on	on	ADP
ftr-305	671	81	the	the	DET
ftr-305	671	82	partner	partner	NOUN
ftr-305	671	83	’s	’s	PART
ftr-305	671	84	share	share	NOUN
ftr-305	671	85	of	of	ADP
ftr-305	671	86	the	the	DET
ftr-305	671	87	appreciation	appreciation	NOUN
ftr-305	671	88	in	in	ADP
ftr-305	671	89	the	the	DET
ftr-305	671	90	value	value	NOUN
ftr-305	671	91	of	of	ADP
ftr-305	671	92	the	the	DET
ftr-305	671	93	real	real	ADJ
ftr-305	671	94	estate	estate	NOUN
ftr-305	671	95	and	and	CCONJ
ftr-305	671	96	any	any	DET
ftr-305	671	97	other	other	ADJ
ftr-305	671	98	assets	asset	NOUN
ftr-305	671	99	of	of	ADP
ftr-305	671	100	the	the	DET
ftr-305	671	101	u.s	u.s	PROPN
ftr-305	671	102	.	.	PROPN
ftr-305	671	103	trade	trade	NOUN
ftr-305	671	104	or	or	CCONJ
ftr-305	671	105	business	business	NOUN
ftr-305	671	106	.	.	PUNCT
ftr-305	672	1	137	137	NUM
ftr-305	672	2	.	.	PUNCT
ftr-305	673	1	the	the	DET
ftr-305	673	2	tax	tax	NOUN
ftr-305	673	3	on	on	ADP
ftr-305	673	4	the	the	DET
ftr-305	673	5	current	current	ADJ
ftr-305	673	6	income	income	NOUN
ftr-305	673	7	of	of	ADP
ftr-305	673	8	reits	reit	NOUN
ftr-305	673	9	is	be	AUX
ftr-305	673	10	diminished	diminish	VERB
ftr-305	673	11	by	by	ADP
ftr-305	673	12	very	very	ADV
ftr-305	673	13	generous	generous	ADJ
ftr-305	673	14	deductions	deduction	NOUN
ftr-305	673	15	for	for	ADP
ftr-305	673	16	depreciation	depreciation	NOUN
ftr-305	673	17	that	that	PRON
ftr-305	673	18	came	come	VERB
ftr-305	673	19	in	in	ADP
ftr-305	673	20	after	after	ADP
ftr-305	673	21	firpta	firpta	NOUN
ftr-305	673	22	,	,	PUNCT
ftr-305	673	23	and	and	CCONJ
ftr-305	673	24	distributions	distribution	NOUN
ftr-305	673	25	in	in	ADP
ftr-305	673	26	excess	excess	NOUN
ftr-305	673	27	of	of	ADP
ftr-305	673	28	earnings	earning	NOUN
ftr-305	673	29	and	and	CCONJ
ftr-305	673	30	profits	profit	NOUN
ftr-305	673	31	simply	simply	ADV
ftr-305	673	32	reduce	reduce	VERB
ftr-305	673	33	a	a	DET
ftr-305	673	34	shareholder	shareholder	NOUN
ftr-305	673	35	’s	’s	PART
ftr-305	673	36	basis	basis	NOUN
ftr-305	673	37	and	and	CCONJ
ftr-305	673	38	,	,	PUNCT
ftr-305	673	39	unlike	unlike	ADP
ftr-305	673	40	the	the	DET
ftr-305	673	41	gain	gain	NOUN
ftr-305	673	42	from	from	ADP
ftr-305	673	43	the	the	DET
ftr-305	673	44	sale	sale	NOUN
ftr-305	673	45	of	of	ADP
ftr-305	673	46	an	an	DET
ftr-305	673	47	interest	interest	NOUN
ftr-305	673	48	in	in	ADP
ftr-305	673	49	a	a	DET
ftr-305	673	50	partnership	partnership	NOUN
ftr-305	673	51	that	that	PRON
ftr-305	673	52	is	be	AUX
ftr-305	673	53	attributable	attributable	ADJ
ftr-305	673	54	to	to	ADP
ftr-305	673	55	depreciation	depreciation	NOUN
ftr-305	673	56	or	or	CCONJ
ftr-305	673	57	depletion	depletion	NOUN
ftr-305	673	58	deductions	deduction	NOUN
ftr-305	673	59	,	,	PUNCT
ftr-305	673	60	are	be	AUX
ftr-305	673	61	not	not	PART
ftr-305	673	62	recaptured	recapture	VERB
ftr-305	673	63	as	as	ADP
ftr-305	673	64	ordinary	ordinary	ADJ
ftr-305	673	65	income	income	NOUN
ftr-305	673	66	on	on	ADP
ftr-305	673	67	a	a	DET
ftr-305	673	68	sale	sale	NOUN
ftr-305	673	69	of	of	ADP
ftr-305	673	70	shares	share	NOUN
ftr-305	673	71	.	.	PUNCT
ftr-305	674	1	2013	2013	NUM
ftr-305	674	2	]	]	PUNCT
ftr-305	674	3	suppose	suppose	VERB
ftr-305	674	4	firpta	firpta	NOUN
ftr-305	674	5	was	be	AUX
ftr-305	674	6	repealed	repeal	VERB
ftr-305	674	7	35	35	NUM
ftr-305	674	8	invests	invest	NOUN
ftr-305	674	9	in	in	ADP
ftr-305	674	10	shares	share	NOUN
ftr-305	674	11	of	of	ADP
ftr-305	674	12	a	a	DET
ftr-305	674	13	reit	reit	NOUN
ftr-305	674	14	)	)	PUNCT
ftr-305	674	15	be	be	AUX
ftr-305	674	16	conformed	conform	VERB
ftr-305	674	17	to	to	ADP
ftr-305	674	18	the	the	DET
ftr-305	674	19	taxation	taxation	NOUN
ftr-305	674	20	of	of	ADP
ftr-305	674	21	investments	investment	NOUN
ftr-305	674	22	made	make	VERB
ftr-305	674	23	directly	directly	ADV
ftr-305	674	24	or	or	CCONJ
ftr-305	674	25	through	through	ADP
ftr-305	674	26	a	a	DET
ftr-305	674	27	partnership	partnership	NOUN
ftr-305	674	28	or	or	CCONJ
ftr-305	674	29	vice	vice	NOUN
ftr-305	674	30	versa	versa	ADV
ftr-305	674	31	?	?	PUNCT
ftr-305	675	1	there	there	PRON
ftr-305	675	2	are	be	VERB
ftr-305	675	3	a	a	DET
ftr-305	675	4	number	number	NOUN
ftr-305	675	5	of	of	ADP
ftr-305	675	6	alternatives	alternative	NOUN
ftr-305	675	7	.	.	PUNCT
ftr-305	676	1	one	one	PRON
ftr-305	676	2	might	might	AUX
ftr-305	676	3	be	be	AUX
ftr-305	676	4	to	to	PART
ftr-305	676	5	accept	accept	VERB
ftr-305	676	6	the	the	DET
ftr-305	676	7	distortion	distortion	NOUN
ftr-305	676	8	that	that	PRON
ftr-305	676	9	results	result	VERB
ftr-305	676	10	from	from	ADP
ftr-305	676	11	taxing	tax	VERB
ftr-305	676	12	investments	investment	NOUN
ftr-305	676	13	through	through	ADP
ftr-305	676	14	reits	reit	NOUN
ftr-305	676	15	(	(	PUNCT
ftr-305	676	16	or	or	CCONJ
ftr-305	676	17	a	a	DET
ftr-305	676	18	ric	ric	NOUN
ftr-305	676	19	that	that	SCONJ
ftr-305	676	20	invests	invest	NOUN
ftr-305	676	21	in	in	ADP
ftr-305	676	22	shares	share	NOUN
ftr-305	676	23	of	of	ADP
ftr-305	676	24	reits	reit	NOUN
ftr-305	676	25	)	)	PUNCT
ftr-305	676	26	differently	differently	ADV
ftr-305	676	27	from	from	ADP
ftr-305	676	28	other	other	ADJ
ftr-305	676	29	investments	investment	NOUN
ftr-305	676	30	,	,	PUNCT
ftr-305	676	31	but	but	CCONJ
ftr-305	676	32	to	to	PART
ftr-305	676	33	narrow	narrow	VERB
ftr-305	676	34	the	the	DET
ftr-305	676	35	extent	extent	NOUN
ftr-305	676	36	that	that	SCONJ
ftr-305	676	37	private	private	ADJ
ftr-305	676	38	reits	reit	NOUN
ftr-305	676	39	can	can	AUX
ftr-305	676	40	be	be	AUX
ftr-305	676	41	used	use	VERB
ftr-305	676	42	for	for	ADP
ftr-305	676	43	this	this	DET
ftr-305	676	44	purpose	purpose	NOUN
ftr-305	676	45	.	.	PUNCT
ftr-305	677	1	arguably	arguably	ADV
ftr-305	677	2	,	,	PUNCT
ftr-305	677	3	the	the	DET
ftr-305	677	4	main	main	ADJ
ftr-305	677	5	objection	objection	NOUN
ftr-305	677	6	to	to	PART
ftr-305	677	7	not	not	PART
ftr-305	677	8	treating	treat	VERB
ftr-305	677	9	investments	investment	NOUN
ftr-305	677	10	in	in	ADP
ftr-305	677	11	reits	reit	NOUN
ftr-305	677	12	like	like	ADP
ftr-305	677	13	investments	investment	NOUN
ftr-305	677	14	made	make	VERB
ftr-305	677	15	directly	directly	ADV
ftr-305	677	16	or	or	CCONJ
ftr-305	677	17	through	through	ADP
ftr-305	677	18	partnerships	partnership	NOUN
ftr-305	677	19	is	be	AUX
ftr-305	677	20	the	the	DET
ftr-305	677	21	use	use	NOUN
ftr-305	677	22	of	of	ADP
ftr-305	677	23	private	private	ADJ
ftr-305	677	24	reits	reit	NOUN
ftr-305	677	25	to	to	PART
ftr-305	677	26	in	in	ADP
ftr-305	677	27	effect	effect	NOUN
ftr-305	677	28	avoid	avoid	NOUN
ftr-305	677	29	,	,	PUNCT
ftr-305	677	30	or	or	CCONJ
ftr-305	677	31	significantly	significantly	ADV
ftr-305	677	32	limit	limit	VERB
ftr-305	677	33	,	,	PUNCT
ftr-305	677	34	any	any	DET
ftr-305	677	35	u.s	u.s	PROPN
ftr-305	677	36	.	.	PROPN
ftr-305	677	37	tax	tax	NOUN
ftr-305	677	38	on	on	ADP
ftr-305	677	39	investments	investment	NOUN
ftr-305	677	40	in	in	ADP
ftr-305	677	41	u.s	u.s	PROPN
ftr-305	677	42	.	.	PROPN
ftr-305	677	43	real	real	ADJ
ftr-305	677	44	estate	estate	NOUN
ftr-305	677	45	.	.	PUNCT
ftr-305	678	1	the	the	DET
ftr-305	678	2	requirement	requirement	NOUN
ftr-305	678	3	that	that	SCONJ
ftr-305	678	4	a	a	DET
ftr-305	678	5	reit	reit	NOUN
ftr-305	678	6	have	have	AUX
ftr-305	678	7	100	100	NUM
ftr-305	678	8	or	or	CCONJ
ftr-305	678	9	more	more	ADV
ftr-305	678	10	beneficial	beneficial	ADJ
ftr-305	678	11	owners	owner	NOUN
ftr-305	678	12	could	could	AUX
ftr-305	678	13	be	be	AUX
ftr-305	678	14	made	make	VERB
ftr-305	678	15	meaningful	meaningful	ADJ
ftr-305	678	16	,	,	PUNCT
ftr-305	678	17	for	for	ADP
ftr-305	678	18	example	example	NOUN
ftr-305	678	19	,	,	PUNCT
ftr-305	678	20	by	by	ADP
ftr-305	678	21	excluding	exclude	VERB
ftr-305	678	22	small	small	ADJ
ftr-305	678	23	shareholders	shareholder	NOUN
ftr-305	678	24	if	if	SCONJ
ftr-305	678	25	the	the	DET
ftr-305	678	26	reit	reit	NOUN
ftr-305	678	27	is	be	AUX
ftr-305	678	28	not	not	PART
ftr-305	678	29	predominantly	predominantly	ADV
ftr-305	678	30	publicly	publicly	ADV
ftr-305	678	31	traded	trade	VERB
ftr-305	678	32	.	.	PUNCT
ftr-305	679	1	the	the	DET
ftr-305	679	2	domestically	domestically	ADV
ftr-305	679	3	-	-	PUNCT
ftr-305	679	4	controlled	control	VERB
ftr-305	679	5	exception	exception	NOUN
ftr-305	679	6	would	would	AUX
ftr-305	679	7	be	be	AUX
ftr-305	679	8	repealed	repeal	VERB
ftr-305	679	9	.	.	PUNCT
ftr-305	680	1	another	another	DET
ftr-305	680	2	alternative	alternative	NOUN
ftr-305	680	3	,	,	PUNCT
ftr-305	680	4	which	which	PRON
ftr-305	680	5	does	do	AUX
ftr-305	680	6	not	not	PART
ftr-305	680	7	preclude	preclude	VERB
ftr-305	680	8	the	the	DET
ftr-305	680	9	first	first	ADJ
ftr-305	680	10	,	,	PUNCT
ftr-305	680	11	would	would	AUX
ftr-305	680	12	be	be	AUX
ftr-305	680	13	to	to	PART
ftr-305	680	14	conform	conform	VERB
ftr-305	680	15	the	the	DET
ftr-305	680	16	treatment	treatment	NOUN
ftr-305	680	17	of	of	ADP
ftr-305	680	18	reits	reit	NOUN
ftr-305	680	19	to	to	ADP
ftr-305	680	20	partnerships	partnership	NOUN
ftr-305	680	21	and	and	CCONJ
ftr-305	680	22	tax	tax	NOUN
ftr-305	680	23	foreign	foreign	ADJ
ftr-305	680	24	persons	person	NOUN
ftr-305	680	25	on	on	ADP
ftr-305	680	26	sales	sale	NOUN
ftr-305	680	27	of	of	ADP
ftr-305	680	28	shares	share	NOUN
ftr-305	680	29	of	of	ADP
ftr-305	680	30	reits	reit	NOUN
ftr-305	680	31	and	and	CCONJ
ftr-305	680	32	on	on	ADP
ftr-305	680	33	distributions	distribution	NOUN
ftr-305	680	34	of	of	ADP
ftr-305	680	35	gain	gain	NOUN
ftr-305	680	36	by	by	ADP
ftr-305	680	37	reits	reit	NOUN
ftr-305	680	38	.	.	PUNCT
ftr-305	681	1	the	the	DET
ftr-305	681	2	same	same	ADJ
ftr-305	681	3	rules	rule	NOUN
ftr-305	681	4	would	would	AUX
ftr-305	681	5	apply	apply	VERB
ftr-305	681	6	to	to	ADP
ftr-305	681	7	rics	ric	NOUN
ftr-305	681	8	that	that	PRON
ftr-305	681	9	predominantly	predominantly	ADV
ftr-305	681	10	invest	invest	VERB
ftr-305	681	11	in	in	ADP
ftr-305	681	12	reits	reit	NOUN
ftr-305	681	13	.	.	PUNCT
ftr-305	682	1	this	this	PRON
ftr-305	682	2	would	would	AUX
ftr-305	682	3	leave	leave	VERB
ftr-305	682	4	in	in	ADP
ftr-305	682	5	place	place	NOUN
ftr-305	682	6	some	some	PRON
ftr-305	682	7	of	of	ADP
ftr-305	682	8	the	the	DET
ftr-305	682	9	withholding	withholding	NOUN
ftr-305	682	10	tax	tax	NOUN
ftr-305	682	11	and	and	CCONJ
ftr-305	682	12	other	other	ADJ
ftr-305	682	13	complexities	complexity	NOUN
ftr-305	682	14	of	of	ADP
ftr-305	682	15	the	the	DET
ftr-305	682	16	usrphc	usrphc	ADJ
ftr-305	682	17	rules	rule	NOUN
ftr-305	682	18	,	,	PUNCT
ftr-305	682	19	but	but	CCONJ
ftr-305	682	20	would	would	AUX
ftr-305	682	21	limit	limit	VERB
ftr-305	682	22	their	their	PRON
ftr-305	682	23	application	application	NOUN
ftr-305	682	24	.	.	PUNCT
ftr-305	683	1	in	in	ADP
ftr-305	683	2	the	the	DET
ftr-305	683	3	case	case	NOUN
ftr-305	683	4	of	of	ADP
ftr-305	683	5	publiclytraded	publiclytraded	ADJ
ftr-305	683	6	entities	entity	NOUN
ftr-305	683	7	,	,	PUNCT
ftr-305	683	8	an	an	DET
ftr-305	683	9	argument	argument	NOUN
ftr-305	683	10	might	might	AUX
ftr-305	683	11	be	be	AUX
ftr-305	683	12	made	make	VERB
ftr-305	683	13	on	on	ADP
ftr-305	683	14	administrative	administrative	ADJ
ftr-305	683	15	grounds	ground	NOUN
ftr-305	683	16	for	for	ADP
ftr-305	683	17	an	an	DET
ftr-305	683	18	exemption	exemption	NOUN
ftr-305	683	19	for	for	ADP
ftr-305	683	20	sales	sale	NOUN
ftr-305	683	21	by	by	ADP
ftr-305	683	22	and	and	CCONJ
ftr-305	683	23	distributions	distribution	NOUN
ftr-305	683	24	to	to	ADP
ftr-305	683	25	small	small	ADJ
ftr-305	683	26	shareholders	shareholder	NOUN
ftr-305	683	27	(	(	PUNCT
ftr-305	683	28	e.g.	e.g.	ADV
ftr-305	683	29	,	,	PUNCT
ftr-305	683	30	something	something	PRON
ftr-305	683	31	similar	similar	ADJ
ftr-305	683	32	to	to	ADP
ftr-305	683	33	the	the	DET
ftr-305	683	34	present	present	ADJ
ftr-305	683	35	exemption	exemption	NOUN
ftr-305	683	36	for	for	ADP
ftr-305	683	37	sales	sale	NOUN
ftr-305	683	38	of	of	ADP
ftr-305	683	39	5	5	NUM
ftr-305	683	40	percent	percent	NOUN
ftr-305	683	41	or	or	CCONJ
ftr-305	683	42	smaller	small	ADJ
ftr-305	683	43	interests	interest	NOUN
ftr-305	683	44	in	in	ADP
ftr-305	683	45	publicly	publicly	ADV
ftr-305	683	46	-	-	PUNCT
ftr-305	683	47	traded	trade	VERB
ftr-305	683	48	usrphcs	usrphcs	NOUN
ftr-305	683	49	,	,	PUNCT
ftr-305	683	50	partnerships	partnership	NOUN
ftr-305	683	51	and	and	CCONJ
ftr-305	683	52	trusts	trust	NOUN
ftr-305	683	53	)	)	PUNCT
ftr-305	683	54	.	.	PUNCT
ftr-305	684	1	if	if	SCONJ
ftr-305	684	2	there	there	PRON
ftr-305	684	3	was	be	VERB
ftr-305	684	4	such	such	DET
ftr-305	684	5	an	an	DET
ftr-305	684	6	exception	exception	NOUN
ftr-305	684	7	,	,	PUNCT
ftr-305	684	8	however	however	ADV
ftr-305	684	9	,	,	PUNCT
ftr-305	684	10	it	it	PRON
ftr-305	684	11	would	would	AUX
ftr-305	684	12	seem	seem	VERB
ftr-305	684	13	sensible	sensible	ADJ
ftr-305	684	14	to	to	PART
ftr-305	684	15	extend	extend	VERB
ftr-305	684	16	it	it	PRON
ftr-305	684	17	to	to	ADP
ftr-305	684	18	allocations	allocation	NOUN
ftr-305	684	19	of	of	ADP
ftr-305	684	20	gain	gain	NOUN
ftr-305	684	21	by	by	ADP
ftr-305	684	22	a	a	DET
ftr-305	684	23	publicly	publicly	ADV
ftr-305	684	24	-	-	PUNCT
ftr-305	684	25	traded	trade	VERB
ftr-305	684	26	partnership	partnership	NOUN
ftr-305	684	27	to	to	ADP
ftr-305	684	28	foreign	foreign	ADJ
ftr-305	684	29	partners	partner	NOUN
ftr-305	684	30	(	(	PUNCT
ftr-305	684	31	as	as	ADV
ftr-305	684	32	well	well	ADV
ftr-305	684	33	as	as	ADP
ftr-305	684	34	continuing	continue	VERB
ftr-305	684	35	the	the	DET
ftr-305	684	36	exception	exception	NOUN
ftr-305	684	37	for	for	ADP
ftr-305	684	38	sales	sale	NOUN
ftr-305	684	39	of	of	ADP
ftr-305	684	40	partnership	partnership	NOUN
ftr-305	684	41	interests	interest	NOUN
ftr-305	684	42	)	)	PUNCT
ftr-305	684	43	.	.	PUNCT
ftr-305	685	1	since	since	SCONJ
ftr-305	685	2	tax	tax	NOUN
ftr-305	685	3	on	on	ADP
ftr-305	685	4	the	the	DET
ftr-305	685	5	effectively	effectively	ADV
ftr-305	685	6	connected	connected	ADJ
ftr-305	685	7	income	income	NOUN
ftr-305	685	8	of	of	ADP
ftr-305	685	9	a	a	DET
ftr-305	685	10	foreign	foreign	ADJ
ftr-305	685	11	partner	partner	NOUN
ftr-305	685	12	is	be	AUX
ftr-305	685	13	now	now	ADV
ftr-305	685	14	collected	collect	VERB
ftr-305	685	15	withholding	withhold	VERB
ftr-305	685	16	under	under	ADP
ftr-305	685	17	section	section	NOUN
ftr-305	685	18	1446	1446	NUM
ftr-305	685	19	,	,	PUNCT
ftr-305	685	20	it	it	PRON
ftr-305	685	21	would	would	AUX
ftr-305	685	22	also	also	ADV
ftr-305	685	23	be	be	AUX
ftr-305	685	24	sensible	sensible	ADJ
ftr-305	685	25	to	to	PART
ftr-305	685	26	consider	consider	VERB
ftr-305	685	27	whether	whether	SCONJ
ftr-305	685	28	a	a	DET
ftr-305	685	29	partner	partner	NOUN
ftr-305	685	30	eligible	eligible	ADJ
ftr-305	685	31	for	for	ADP
ftr-305	685	32	the	the	DET
ftr-305	685	33	small	small	ADJ
ftr-305	685	34	holder	holder	NOUN
ftr-305	685	35	exception	exception	NOUN
ftr-305	685	36	should	should	AUX
ftr-305	685	37	be	be	AUX
ftr-305	685	38	required	require	VERB
ftr-305	685	39	to	to	PART
ftr-305	685	40	file	file	VERB
ftr-305	685	41	a	a	DET
ftr-305	685	42	return	return	NOUN
ftr-305	685	43	on	on	ADP
ftr-305	685	44	the	the	DET
ftr-305	685	45	basis	basis	NOUN
ftr-305	685	46	that	that	SCONJ
ftr-305	685	47	the	the	DET
ftr-305	685	48	partner	partner	NOUN
ftr-305	685	49	was	be	AUX
ftr-305	685	50	engaged	engage	VERB
ftr-305	685	51	in	in	ADP
ftr-305	685	52	a	a	DET
ftr-305	685	53	trade	trade	NOUN
ftr-305	685	54	or	or	CCONJ
ftr-305	685	55	business	business	NOUN
ftr-305	685	56	in	in	ADP
ftr-305	685	57	the	the	DET
ftr-305	685	58	united	united	PROPN
ftr-305	685	59	states	states	PROPN
ftr-305	685	60	and	and	CCONJ
ftr-305	685	61	whether	whether	SCONJ
ftr-305	685	62	the	the	DET
ftr-305	685	63	withholding	withholding	NOUN
ftr-305	685	64	tax	tax	NOUN
ftr-305	685	65	reductions	reduction	NOUN
ftr-305	685	66	provided	provide	VERB
ftr-305	685	67	by	by	ADP
ftr-305	685	68	treaties	treaty	NOUN
ftr-305	685	69	to	to	ADP
ftr-305	685	70	dividends	dividend	NOUN
ftr-305	685	71	from	from	ADP
ftr-305	685	72	reits	reit	NOUN
ftr-305	685	73	and	and	CCONJ
ftr-305	685	74	rics	ric	NOUN
ftr-305	685	75	be	be	AUX
ftr-305	685	76	extended	extend	VERB
ftr-305	685	77	to	to	ADP
ftr-305	685	78	distributions	distribution	NOUN
ftr-305	685	79	by	by	ADP
ftr-305	685	80	publicly	publicly	ADV
ftr-305	685	81	-	-	PUNCT
ftr-305	685	82	traded	trade	VERB
ftr-305	685	83	partnerships	partnership	NOUN
ftr-305	685	84	.	.	PUNCT
ftr-305	686	1	c.	c.	PROPN
ftr-305	686	2	repeal	repeal	NOUN
ftr-305	686	3	of	of	ADP
ftr-305	686	4	all	all	PRON
ftr-305	686	5	of	of	ADP
ftr-305	686	6	firpta	firpta	NOUN
ftr-305	686	7	suppose	suppose	VERB
ftr-305	686	8	we	we	PRON
ftr-305	686	9	went	go	VERB
ftr-305	686	10	further	far	ADV
ftr-305	686	11	and	and	CCONJ
ftr-305	686	12	the	the	DET
ftr-305	686	13	other	other	ADJ
ftr-305	686	14	firpta	firpta	NOUN
ftr-305	686	15	provisions	provision	NOUN
ftr-305	686	16	,	,	PUNCT
ftr-305	686	17	i.e.	i.e.	X
ftr-305	686	18	,	,	PUNCT
ftr-305	686	19	those	those	PRON
ftr-305	686	20	other	other	ADJ
ftr-305	686	21	than	than	ADP
ftr-305	686	22	the	the	DET
ftr-305	686	23	rules	rule	NOUN
ftr-305	686	24	relating	relate	VERB
ftr-305	686	25	to	to	ADP
ftr-305	686	26	interests	interest	NOUN
ftr-305	686	27	in	in	ADP
ftr-305	686	28	usrphcs	usrphcs	NOUN
ftr-305	686	29	,	,	PUNCT
ftr-305	686	30	were	be	AUX
ftr-305	686	31	also	also	ADV
ftr-305	686	32	repealed	repeal	VERB
ftr-305	686	33	.	.	PUNCT
ftr-305	687	1	in	in	ADP
ftr-305	687	2	other	other	ADJ
ftr-305	687	3	words	word	NOUN
ftr-305	687	4	,	,	PUNCT
ftr-305	687	5	we	we	PRON
ftr-305	687	6	threw	throw	VERB
ftr-305	687	7	all	all	PRON
ftr-305	687	8	of	of	ADP
ftr-305	687	9	section	section	NOUN
ftr-305	687	10	897	897	NUM
ftr-305	687	11	out	out	ADP
ftr-305	687	12	the	the	DET
ftr-305	687	13	window	window	NOUN
ftr-305	687	14	.	.	PUNCT
ftr-305	688	1	first	first	ADV
ftr-305	688	2	,	,	PUNCT
ftr-305	688	3	what	what	PRON
ftr-305	688	4	about	about	ADP
ftr-305	688	5	the	the	DET
ftr-305	688	6	definition	definition	NOUN
ftr-305	688	7	of	of	ADP
ftr-305	688	8	real	real	ADJ
ftr-305	688	9	property	property	NOUN
ftr-305	688	10	for	for	ADP
ftr-305	688	11	purposes	purpose	NOUN
ftr-305	688	12	of	of	ADP
ftr-305	688	13	the	the	DET
ftr-305	688	14	source	source	NOUN
ftr-305	688	15	rules	rule	NOUN
ftr-305	688	16	?	?	PUNCT
ftr-305	689	1	it	it	PRON
ftr-305	689	2	would	would	AUX
ftr-305	689	3	plainly	plainly	ADV
ftr-305	689	4	make	make	VERB
ftr-305	689	5	sense	sense	NOUN
ftr-305	689	6	to	to	PART
ftr-305	689	7	retain	retain	VERB
ftr-305	689	8	the	the	DET
ftr-305	689	9	basic	basic	ADJ
ftr-305	689	10	firpta	firpta	NOUN
ftr-305	689	11	definition	definition	NOUN
ftr-305	689	12	in	in	ADP
ftr-305	689	13	the	the	DET
ftr-305	689	14	case	case	NOUN
ftr-305	689	15	of	of	ADP
ftr-305	689	16	property	property	NOUN
ftr-305	689	17	held	hold	VERB
ftr-305	689	18	for	for	ADP
ftr-305	689	19	the	the	DET
ftr-305	689	20	production	production	NOUN
ftr-305	689	21	of	of	ADP
ftr-305	689	22	income	income	NOUN
ftr-305	689	23	—	—	PUNCT
ftr-305	689	24	land	land	NOUN
ftr-305	689	25	(	(	PUNCT
ftr-305	689	26	including	include	VERB
ftr-305	689	27	interests	interest	NOUN
ftr-305	689	28	in	in	ADP
ftr-305	689	29	natural	natural	ADJ
ftr-305	689	30	deposits	deposit	NOUN
ftr-305	689	31	)	)	PUNCT
ftr-305	689	32	,	,	PUNCT
ftr-305	689	33	buildings	building	NOUN
ftr-305	689	34	and	and	CCONJ
ftr-305	689	35	other	other	ADJ
ftr-305	689	36	improvements	improvement	NOUN
ftr-305	689	37	—	—	PUNCT
ftr-305	689	38	and	and	CCONJ
ftr-305	689	39	to	to	PART
ftr-305	689	40	treat	treat	VERB
ftr-305	689	41	leaseholds	leasehold	NOUN
ftr-305	689	42	as	as	ADV
ftr-305	689	43	well	well	ADV
ftr-305	689	44	as	as	ADP
ftr-305	689	45	ownership	ownership	NOUN
ftr-305	689	46	or	or	CCONJ
ftr-305	689	47	co	co	NOUN
ftr-305	689	48	-	-	NOUN
ftr-305	689	49	ownership	ownership	NOUN
ftr-305	689	50	as	as	ADP
ftr-305	689	51	interests	interest	NOUN
ftr-305	689	52	36	36	NUM
ftr-305	689	53	florida	florida	PROPN
ftr-305	689	54	tax	tax	NOUN
ftr-305	689	55	review	review	NOUN
ftr-305	689	56	[	[	X
ftr-305	689	57	vol	vol	NOUN
ftr-305	689	58	.	.	PUNCT
ftr-305	690	1	14:1	14:1	NUM
ftr-305	690	2	in	in	ADP
ftr-305	690	3	real	real	ADJ
ftr-305	690	4	property	property	NOUN
ftr-305	690	5	.	.	PUNCT
ftr-305	691	1	if	if	SCONJ
ftr-305	691	2	we	we	PRON
ftr-305	691	3	stopped	stop	VERB
ftr-305	691	4	there	there	ADV
ftr-305	691	5	,	,	PUNCT
ftr-305	691	6	however	however	ADV
ftr-305	691	7	,	,	PUNCT
ftr-305	691	8	reverting	revert	VERB
ftr-305	691	9	to	to	ADP
ftr-305	691	10	the	the	DET
ftr-305	691	11	pre	pre	NOUN
ftr-305	691	12	-	-	ADJ
ftr-305	691	13	firpta	firpta	ADJ
ftr-305	691	14	rules	rule	NOUN
ftr-305	691	15	would	would	AUX
ftr-305	691	16	,	,	PUNCT
ftr-305	691	17	in	in	ADP
ftr-305	691	18	contrast	contrast	NOUN
ftr-305	691	19	to	to	ADP
ftr-305	691	20	firpta	firpta	NOUN
ftr-305	691	21	,	,	PUNCT
ftr-305	691	22	(	(	PUNCT
ftr-305	691	23	1	1	X
ftr-305	691	24	)	)	PUNCT
ftr-305	691	25	eliminate	eliminate	VERB
ftr-305	691	26	tax	tax	NOUN
ftr-305	691	27	on	on	ADP
ftr-305	691	28	the	the	DET
ftr-305	691	29	disposition	disposition	NOUN
ftr-305	691	30	of	of	ADP
ftr-305	691	31	personal	personal	ADJ
ftr-305	691	32	(	(	PUNCT
ftr-305	691	33	or	or	CCONJ
ftr-305	691	34	non	non	ADJ
ftr-305	691	35	-	-	NOUN
ftr-305	691	36	business	business	ADJ
ftr-305	691	37	)	)	PUNCT
ftr-305	691	38	real	real	ADJ
ftr-305	691	39	property	property	NOUN
ftr-305	691	40	by	by	ADP
ftr-305	691	41	a	a	DET
ftr-305	691	42	foreign	foreign	ADJ
ftr-305	691	43	person	person	NOUN
ftr-305	691	44	;	;	PUNCT
ftr-305	691	45	(	(	PUNCT
ftr-305	691	46	2	2	X
ftr-305	691	47	)	)	PUNCT
ftr-305	691	48	exclude	exclude	NOUN
ftr-305	691	49	from	from	ADP
ftr-305	691	50	real	real	ADJ
ftr-305	691	51	property	property	NOUN
ftr-305	691	52	options	option	NOUN
ftr-305	691	53	to	to	PART
ftr-305	691	54	acquire	acquire	VERB
ftr-305	691	55	land	land	NOUN
ftr-305	691	56	or	or	CCONJ
ftr-305	691	57	improvements	improvement	NOUN
ftr-305	691	58	or	or	CCONJ
ftr-305	691	59	leaseholds	leasehold	NOUN
ftr-305	691	60	of	of	ADP
ftr-305	691	61	land	land	NOUN
ftr-305	691	62	or	or	CCONJ
ftr-305	691	63	improvements	improvement	NOUN
ftr-305	691	64	;	;	PUNCT
ftr-305	691	65	(	(	PUNCT
ftr-305	691	66	3	3	X
ftr-305	691	67	)	)	PUNCT
ftr-305	691	68	exclude	exclude	VERB
ftr-305	691	69	from	from	ADP
ftr-305	691	70	the	the	DET
ftr-305	691	71	definition	definition	NOUN
ftr-305	691	72	of	of	ADP
ftr-305	691	73	real	real	ADJ
ftr-305	691	74	property	property	NOUN
ftr-305	691	75	interests	interest	NOUN
ftr-305	691	76	in	in	ADP
ftr-305	691	77	personal	personal	ADJ
ftr-305	691	78	property	property	NOUN
ftr-305	691	79	associated	associate	VERB
ftr-305	691	80	with	with	ADP
ftr-305	691	81	the	the	DET
ftr-305	691	82	use	use	NOUN
ftr-305	691	83	of	of	ADP
ftr-305	691	84	real	real	ADJ
ftr-305	691	85	property	property	NOUN
ftr-305	691	86	;	;	PUNCT
ftr-305	691	87	and	and	CCONJ
ftr-305	691	88	(	(	PUNCT
ftr-305	691	89	4	4	X
ftr-305	691	90	)	)	PUNCT
ftr-305	691	91	limit	limit	VERB
ftr-305	691	92	the	the	DET
ftr-305	691	93	source	source	NOUN
ftr-305	691	94	of	of	ADP
ftr-305	691	95	gain	gain	NOUN
ftr-305	691	96	rule	rule	NOUN
ftr-305	691	97	to	to	ADP
ftr-305	691	98	ownership	ownership	NOUN
ftr-305	691	99	interests	interest	NOUN
ftr-305	691	100	,	,	PUNCT
ftr-305	691	101	rather	rather	ADV
ftr-305	691	102	than	than	ADP
ftr-305	691	103	any	any	DET
ftr-305	691	104	interest	interest	NOUN
ftr-305	691	105	other	other	ADJ
ftr-305	691	106	than	than	ADP
ftr-305	691	107	solely	solely	ADV
ftr-305	691	108	as	as	ADP
ftr-305	691	109	a	a	DET
ftr-305	691	110	creditor	creditor	NOUN
ftr-305	691	111	.	.	PUNCT
ftr-305	692	1	are	be	AUX
ftr-305	692	2	any	any	PRON
ftr-305	692	3	of	of	ADP
ftr-305	692	4	these	these	DET
ftr-305	692	5	changes	change	NOUN
ftr-305	692	6	objectionable?138	objectionable?138	PROPN
ftr-305	692	7	firpta	firpta	NOUN
ftr-305	692	8	includes	include	VERB
ftr-305	692	9	in	in	ADP
ftr-305	692	10	the	the	DET
ftr-305	692	11	definition	definition	NOUN
ftr-305	692	12	of	of	ADP
ftr-305	692	13	real	real	ADJ
ftr-305	692	14	property	property	NOUN
ftr-305	692	15	“	"	PUNCT
ftr-305	692	16	options	option	NOUN
ftr-305	692	17	to	to	PART
ftr-305	692	18	acquire	acquire	VERB
ftr-305	692	19	land	land	NOUN
ftr-305	692	20	or	or	CCONJ
ftr-305	692	21	improvements	improvement	NOUN
ftr-305	692	22	.	.	PUNCT
ftr-305	692	23	.	.	PUNCT
ftr-305	692	24	.	.	PUNCT
ftr-305	693	1	[	[	X
ftr-305	693	2	or	or	CCONJ
ftr-305	693	3	]	]	X
ftr-305	693	4	leaseholds	leasehold	NOUN
ftr-305	693	5	.	.	PUNCT
ftr-305	693	6	.	.	PUNCT
ftr-305	693	7	.	.	PUNCT
ftr-305	694	1	thereon	thereon	NOUN
ftr-305	694	2	.	.	PUNCT
ftr-305	694	3	”139	”139	PUNCT
ftr-305	695	1	separately	separately	ADV
ftr-305	695	2	,	,	PUNCT
ftr-305	695	3	the	the	DET
ftr-305	695	4	regulations	regulation	NOUN
ftr-305	695	5	provide	provide	VERB
ftr-305	695	6	that	that	SCONJ
ftr-305	695	7	an	an	DET
ftr-305	695	8	“	"	PUNCT
ftr-305	695	9	interest	interest	NOUN
ftr-305	695	10	”	"	PUNCT
ftr-305	695	11	in	in	ADP
ftr-305	695	12	real	real	ADJ
ftr-305	695	13	property	property	NOUN
ftr-305	695	14	includes	include	VERB
ftr-305	695	15	any	any	DET
ftr-305	695	16	interest	interest	NOUN
ftr-305	695	17	other	other	ADJ
ftr-305	695	18	than	than	ADP
ftr-305	695	19	solely	solely	ADV
ftr-305	695	20	as	as	ADP
ftr-305	695	21	a	a	DET
ftr-305	695	22	creditor.140	creditor.140	NOUN
ftr-305	695	23	the	the	DET
ftr-305	695	24	scope	scope	NOUN
ftr-305	695	25	of	of	ADP
ftr-305	695	26	the	the	DET
ftr-305	695	27	definitions	definition	NOUN
ftr-305	695	28	—	—	PUNCT
ftr-305	695	29	of	of	ADP
ftr-305	695	30	an	an	DET
ftr-305	695	31	“	"	PUNCT
ftr-305	695	32	option	option	NOUN
ftr-305	695	33	”	"	PUNCT
ftr-305	695	34	and	and	CCONJ
ftr-305	695	35	of	of	ADP
ftr-305	695	36	an	an	DET
ftr-305	695	37	“	"	PUNCT
ftr-305	695	38	interest	interest	NOUN
ftr-305	695	39	”	"	PUNCT
ftr-305	695	40	—	—	PUNCT
ftr-305	695	41	is	be	AUX
ftr-305	695	42	uncertain	uncertain	ADJ
ftr-305	695	43	.	.	PUNCT
ftr-305	696	1	convertible	convertible	ADJ
ftr-305	696	2	debt	debt	NOUN
ftr-305	696	3	of	of	ADP
ftr-305	696	4	a	a	DET
ftr-305	696	5	usrphc	usrphc	NOUN
ftr-305	696	6	or	or	CCONJ
ftr-305	696	7	a	a	DET
ftr-305	696	8	shared	share	VERB
ftr-305	696	9	appreciation	appreciation	NOUN
ftr-305	696	10	mortgage	mortgage	NOUN
ftr-305	696	11	on	on	ADP
ftr-305	696	12	usrp	usrp	NOUN
ftr-305	696	13	are	be	AUX
ftr-305	696	14	quite	quite	ADV
ftr-305	696	15	obviously	obviously	ADV
ftr-305	696	16	“	"	PUNCT
ftr-305	696	17	interests	interest	NOUN
ftr-305	696	18	”	"	PUNCT
ftr-305	696	19	not	not	PART
ftr-305	696	20	solely	solely	ADV
ftr-305	696	21	as	as	ADP
ftr-305	696	22	a	a	DET
ftr-305	696	23	creditor,141	creditor,141	NOUN
ftr-305	696	24	but	but	CCONJ
ftr-305	696	25	there	there	PRON
ftr-305	696	26	is	be	VERB
ftr-305	696	27	a	a	DET
ftr-305	696	28	no	no	DET
ftr-305	696	29	comprehensive	comprehensive	ADJ
ftr-305	696	30	guidance	guidance	NOUN
ftr-305	696	31	,	,	PUNCT
ftr-305	696	32	for	for	ADP
ftr-305	696	33	example	example	NOUN
ftr-305	696	34	,	,	PUNCT
ftr-305	696	35	on	on	ADP
ftr-305	696	36	whether	whether	SCONJ
ftr-305	696	37	an	an	DET
ftr-305	696	38	“	"	PUNCT
ftr-305	696	39	interest	interest	NOUN
ftr-305	696	40	”	"	PUNCT
ftr-305	696	41	would	would	AUX
ftr-305	696	42	include	include	VERB
ftr-305	696	43	real	real	ADJ
ftr-305	696	44	-	-	PUNCT
ftr-305	696	45	estate	estate	NOUN
ftr-305	696	46	based	base	VERB
ftr-305	696	47	on	on	ADP
ftr-305	696	48	notional	notional	ADJ
ftr-305	696	49	principal	principal	ADJ
ftr-305	696	50	contracts	contract	NOUN
ftr-305	696	51	or	or	CCONJ
ftr-305	696	52	other	other	ADJ
ftr-305	696	53	derivatives.142	derivatives.142	PROPN
ftr-305	696	54	leaving	leave	VERB
ftr-305	696	55	that	that	PRON
ftr-305	696	56	aside	aside	ADV
ftr-305	696	57	,	,	PUNCT
ftr-305	696	58	the	the	DET
ftr-305	696	59	inclusion	inclusion	NOUN
ftr-305	696	60	of	of	ADP
ftr-305	696	61	options	option	NOUN
ftr-305	696	62	in	in	ADP
ftr-305	696	63	the	the	DET
ftr-305	696	64	definition	definition	NOUN
ftr-305	696	65	of	of	ADP
ftr-305	696	66	real	real	ADJ
ftr-305	696	67	property	property	NOUN
ftr-305	696	68	is	be	AUX
ftr-305	696	69	odd	odd	ADJ
ftr-305	696	70	since	since	SCONJ
ftr-305	696	71	options	option	NOUN
ftr-305	696	72	are	be	AUX
ftr-305	696	73	generally	generally	ADV
ftr-305	696	74	not	not	PART
ftr-305	696	75	treated	treat	VERB
ftr-305	696	76	as	as	ADP
ftr-305	696	77	ownership	ownership	NOUN
ftr-305	696	78	interests	interest	NOUN
ftr-305	696	79	in	in	ADP
ftr-305	696	80	the	the	DET
ftr-305	696	81	optioned	optione	VERB
ftr-305	696	82	property	property	NOUN
ftr-305	696	83	(	(	PUNCT
ftr-305	696	84	unless	unless	SCONJ
ftr-305	696	85	on	on	ADP
ftr-305	696	86	the	the	DET
ftr-305	696	87	particular	particular	ADJ
ftr-305	696	88	facts	fact	NOUN
ftr-305	696	89	the	the	DET
ftr-305	696	90	option	option	NOUN
ftr-305	696	91	amounts	amount	VERB
ftr-305	696	92	to	to	ADP
ftr-305	696	93	such	such	DET
ftr-305	696	94	an	an	DET
ftr-305	696	95	interest	interest	NOUN
ftr-305	696	96	because	because	SCONJ
ftr-305	696	97	,	,	PUNCT
ftr-305	696	98	for	for	ADP
ftr-305	696	99	example	example	NOUN
ftr-305	696	100	,	,	PUNCT
ftr-305	696	101	it	it	PRON
ftr-305	696	102	is	be	AUX
ftr-305	696	103	deep	deep	ADJ
ftr-305	696	104	in	in	ADP
ftr-305	696	105	the	the	DET
ftr-305	696	106	money	money	NOUN
ftr-305	696	107	)	)	PUNCT
ftr-305	696	108	,	,	PUNCT
ftr-305	696	109	and	and	CCONJ
ftr-305	696	110	gain	gain	VERB
ftr-305	696	111	from	from	ADP
ftr-305	696	112	the	the	DET
ftr-305	696	113	sale	sale	NOUN
ftr-305	696	114	of	of	ADP
ftr-305	696	115	options	option	NOUN
ftr-305	696	116	,	,	PUNCT
ftr-305	696	117	futures	future	NOUN
ftr-305	696	118	and	and	CCONJ
ftr-305	696	119	other	other	ADJ
ftr-305	696	120	derivatives	derivative	NOUN
ftr-305	696	121	is	be	AUX
ftr-305	696	122	generally	generally	ADV
ftr-305	696	123	sourced	source	VERB
ftr-305	696	124	on	on	ADP
ftr-305	696	125	a	a	DET
ftr-305	696	126	residence	residence	NOUN
ftr-305	696	127	basis	basis	NOUN
ftr-305	696	128	unless	unless	SCONJ
ftr-305	696	129	the	the	DET
ftr-305	696	130	gain	gain	NOUN
ftr-305	696	131	is	be	AUX
ftr-305	696	132	effectively	effectively	ADV
ftr-305	696	133	connected	connect	VERB
ftr-305	696	134	with	with	ADP
ftr-305	696	135	a	a	DET
ftr-305	696	136	u.s	u.s	PROPN
ftr-305	696	137	.	.	PROPN
ftr-305	696	138	trade	trade	PROPN
ftr-305	696	139	or	or	CCONJ
ftr-305	696	140	business.143	business.143	VERB
ftr-305	696	141	the	the	DET
ftr-305	696	142	inclusion	inclusion	NOUN
ftr-305	696	143	of	of	ADP
ftr-305	696	144	options	option	NOUN
ftr-305	696	145	on	on	ADP
ftr-305	696	146	real	real	ADJ
ftr-305	696	147	property	property	NOUN
ftr-305	696	148	and	and	CCONJ
ftr-305	696	149	on	on	ADP
ftr-305	696	150	leaseholds	leasehold	NOUN
ftr-305	696	151	of	of	ADP
ftr-305	696	152	real	real	ADJ
ftr-305	696	153	property	property	NOUN
ftr-305	696	154	seems	seem	VERB
ftr-305	696	155	to	to	PART
ftr-305	696	156	have	have	AUX
ftr-305	696	157	come	come	VERB
ftr-305	696	158	about	about	ADP
ftr-305	696	159	simply	simply	ADV
ftr-305	696	160	because	because	SCONJ
ftr-305	696	161	firpta	firpta	NOUN
ftr-305	696	162	borrowed	borrow	VERB
ftr-305	696	163	its	its	PRON
ftr-305	696	164	definition	definition	NOUN
ftr-305	696	165	of	of	ADP
ftr-305	696	166	real	real	ADJ
ftr-305	696	167	property	property	NOUN
ftr-305	696	168	from	from	ADP
ftr-305	696	169	the	the	DET
ftr-305	696	170	reit	reit	NOUN
ftr-305	696	171	provisions.144	provisions.144	PROPN
ftr-305	696	172	the	the	DET
ftr-305	696	173	inclusion	inclusion	NOUN
ftr-305	696	174	in	in	ADP
ftr-305	696	175	“	"	PUNCT
ftr-305	696	176	interest	interest	NOUN
ftr-305	696	177	”	"	PUNCT
ftr-305	696	178	of	of	ADP
ftr-305	696	179	138	138	NUM
ftr-305	696	180	.	.	PUNCT
ftr-305	697	1	for	for	ADP
ftr-305	697	2	a	a	DET
ftr-305	697	3	contrary	contrary	ADJ
ftr-305	697	4	view	view	NOUN
ftr-305	697	5	,	,	PUNCT
ftr-305	697	6	see	see	VERB
ftr-305	697	7	brown	brown	ADJ
ftr-305	697	8	,	,	PUNCT
ftr-305	697	9	wither	wither	NOUN
ftr-305	697	10	firpta	firpta	NOUN
ftr-305	697	11	,	,	PUNCT
ftr-305	697	12	supra	supra	PROPN
ftr-305	697	13	note	note	NOUN
ftr-305	697	14	3	3	NUM
ftr-305	697	15	,	,	PUNCT
ftr-305	697	16	at	at	ADP
ftr-305	697	17	304	304	NUM
ftr-305	697	18	(	(	PUNCT
ftr-305	697	19	citing	cite	VERB
ftr-305	697	20	the	the	DET
ftr-305	697	21	ability	ability	NOUN
ftr-305	697	22	in	in	ADP
ftr-305	697	23	the	the	DET
ftr-305	697	24	absence	absence	NOUN
ftr-305	697	25	of	of	ADP
ftr-305	697	26	firpta	firpta	NOUN
ftr-305	697	27	to	to	PART
ftr-305	697	28	avoid	avoid	VERB
ftr-305	697	29	tax	tax	NOUN
ftr-305	697	30	on	on	ADP
ftr-305	697	31	the	the	DET
ftr-305	697	32	disposition	disposition	NOUN
ftr-305	697	33	of	of	ADP
ftr-305	697	34	real	real	ADJ
ftr-305	697	35	estate	estate	NOUN
ftr-305	697	36	that	that	PRON
ftr-305	697	37	was	be	AUX
ftr-305	697	38	not	not	PART
ftr-305	697	39	used	use	VERB
ftr-305	697	40	in	in	ADP
ftr-305	697	41	a	a	DET
ftr-305	697	42	u.s	u.s	PROPN
ftr-305	697	43	.	.	PROPN
ftr-305	697	44	trade	trade	NOUN
ftr-305	697	45	or	or	CCONJ
ftr-305	697	46	business	business	NOUN
ftr-305	697	47	,	,	PUNCT
ftr-305	697	48	including	include	VERB
ftr-305	697	49	personal	personal	ADJ
ftr-305	697	50	residences	residence	NOUN
ftr-305	697	51	,	,	PUNCT
ftr-305	697	52	and	and	CCONJ
ftr-305	697	53	also	also	ADV
ftr-305	697	54	on	on	ADP
ftr-305	697	55	options	option	NOUN
ftr-305	697	56	and	and	CCONJ
ftr-305	697	57	some	some	DET
ftr-305	697	58	non	non	ADJ
ftr-305	697	59	-	-	ADJ
ftr-305	697	60	creditor	creditor	ADJ
ftr-305	697	61	interests	interest	NOUN
ftr-305	697	62	)	)	PUNCT
ftr-305	697	63	.	.	PUNCT
ftr-305	698	1	139	139	NUM
ftr-305	698	2	.	.	PUNCT
ftr-305	698	3	i.r.c	i.r.c	NOUN
ftr-305	698	4	.	.	PUNCT
ftr-305	699	1	§	§	PROPN
ftr-305	699	2	897(c)(6)(a	897(c)(6)(a	NUM
ftr-305	699	3	)	)	PUNCT
ftr-305	699	4	.	.	PUNCT
ftr-305	700	1	140	140	NUM
ftr-305	700	2	.	.	PUNCT
ftr-305	700	3	regs	regs	PROPN
ftr-305	700	4	.	.	PUNCT
ftr-305	701	1	§	§	PROPN
ftr-305	701	2	1.897	1.897	NUM
ftr-305	701	3	-	-	PUNCT
ftr-305	701	4	1(d)(2)(i	1(d)(2)(i	NUM
ftr-305	701	5	)	)	PUNCT
ftr-305	701	6	(	(	PUNCT
ftr-305	701	7	providing	provide	VERB
ftr-305	701	8	that	that	SCONJ
ftr-305	701	9	an	an	DET
ftr-305	701	10	interest	interest	NOUN
ftr-305	701	11	other	other	ADJ
ftr-305	701	12	than	than	ADP
ftr-305	701	13	as	as	ADP
ftr-305	701	14	a	a	DET
ftr-305	701	15	creditor	creditor	NOUN
ftr-305	701	16	“	"	PUNCT
ftr-305	701	17	also	also	ADV
ftr-305	701	18	includes	include	VERB
ftr-305	701	19	any	any	DET
ftr-305	701	20	direct	direct	ADJ
ftr-305	701	21	or	or	CCONJ
ftr-305	701	22	indirect	indirect	ADJ
ftr-305	701	23	right	right	NOUN
ftr-305	701	24	to	to	PART
ftr-305	701	25	share	share	VERB
ftr-305	701	26	in	in	ADP
ftr-305	701	27	the	the	DET
ftr-305	701	28	appreciation	appreciation	NOUN
ftr-305	701	29	in	in	ADP
ftr-305	701	30	the	the	DET
ftr-305	701	31	value	value	NOUN
ftr-305	701	32	,	,	PUNCT
ftr-305	701	33	or	or	CCONJ
ftr-305	701	34	in	in	ADP
ftr-305	701	35	the	the	DET
ftr-305	701	36	gross	gross	ADJ
ftr-305	701	37	or	or	CCONJ
ftr-305	701	38	net	net	ADJ
ftr-305	701	39	proceeds	proceed	NOUN
ftr-305	701	40	or	or	CCONJ
ftr-305	701	41	profits	profit	NOUN
ftr-305	701	42	generated	generate	VERB
ftr-305	701	43	by	by	ADP
ftr-305	701	44	,	,	PUNCT
ftr-305	701	45	the	the	DET
ftr-305	701	46	real	real	ADJ
ftr-305	701	47	property	property	NOUN
ftr-305	701	48	”	"	PUNCT
ftr-305	701	49	)	)	PUNCT
ftr-305	701	50	.	.	PUNCT
ftr-305	702	1	141	141	NUM
ftr-305	702	2	.	.	PUNCT
ftr-305	702	3	regs	regs	PROPN
ftr-305	702	4	.	.	PUNCT
ftr-305	703	1	§	§	PROPN
ftr-305	703	2	1.897	1.897	NUM
ftr-305	703	3	-	-	PUNCT
ftr-305	703	4	1(d)(3)(d	1(d)(3)(d	NUM
ftr-305	703	5	)	)	PUNCT
ftr-305	703	6	.	.	PUNCT
ftr-305	704	1	142	142	NUM
ftr-305	704	2	.	.	PUNCT
ftr-305	705	1	rev	rev	PROPN
ftr-305	705	2	.	.	PROPN
ftr-305	706	1	rul	rul	PROPN
ftr-305	706	2	.	.	PUNCT
ftr-305	706	3	2008	2008	NUM
ftr-305	706	4	-	-	SYM
ftr-305	706	5	31	31	NUM
ftr-305	706	6	,	,	PUNCT
ftr-305	706	7	2008	2008	NUM
ftr-305	706	8	-	-	SYM
ftr-305	706	9	1	1	NUM
ftr-305	706	10	c.b	c.b	PROPN
ftr-305	706	11	.	.	PROPN
ftr-305	706	12	1180	1180	NUM
ftr-305	706	13	(	(	PUNCT
ftr-305	706	14	holding	hold	VERB
ftr-305	706	15	that	that	SCONJ
ftr-305	706	16	a	a	DET
ftr-305	706	17	notional	notional	ADJ
ftr-305	706	18	principal	principal	ADJ
ftr-305	706	19	contract	contract	NOUN
ftr-305	706	20	based	base	VERB
ftr-305	706	21	on	on	ADP
ftr-305	706	22	broad	broad	ADJ
ftr-305	706	23	based	base	VERB
ftr-305	706	24	index	index	NOUN
ftr-305	706	25	on	on	ADP
ftr-305	706	26	commercial	commercial	ADJ
ftr-305	706	27	or	or	CCONJ
ftr-305	706	28	residential	residential	ADJ
ftr-305	706	29	real	real	ADJ
ftr-305	706	30	estate	estate	NOUN
ftr-305	706	31	was	be	AUX
ftr-305	706	32	not	not	PART
ftr-305	706	33	an	an	DET
ftr-305	706	34	option	option	NOUN
ftr-305	706	35	to	to	PART
ftr-305	706	36	acquire	acquire	VERB
ftr-305	706	37	within	within	ADP
ftr-305	706	38	the	the	DET
ftr-305	706	39	meaning	meaning	NOUN
ftr-305	706	40	of	of	ADP
ftr-305	706	41	section	section	NOUN
ftr-305	706	42	897	897	NUM
ftr-305	706	43	because	because	SCONJ
ftr-305	706	44	the	the	DET
ftr-305	706	45	index	index	NOUN
ftr-305	706	46	was	be	AUX
ftr-305	706	47	broad	broad	ADJ
ftr-305	706	48	based	base	VERB
ftr-305	706	49	)	)	PUNCT
ftr-305	706	50	.	.	PUNCT
ftr-305	707	1	143	143	X
ftr-305	707	2	.	.	PUNCT
ftr-305	707	3	i.r.c	i.r.c	NOUN
ftr-305	707	4	.	.	PUNCT
ftr-305	708	1	§	§	PROPN
ftr-305	708	2	§	§	PROPN
ftr-305	708	3	865	865	NUM
ftr-305	708	4	,	,	PUNCT
ftr-305	708	5	988	988	NUM
ftr-305	708	6	;	;	PUNCT
ftr-305	708	7	regs	reg	NOUN
ftr-305	708	8	.	.	PUNCT
ftr-305	709	1	§	§	PROPN
ftr-305	709	2	1.861	1.861	NUM
ftr-305	709	3	-	-	SYM
ftr-305	709	4	7	7	NUM
ftr-305	709	5	.	.	NOUN
ftr-305	709	6	144	144	NUM
ftr-305	709	7	.	.	PUNCT
ftr-305	709	8	i.r.c	i.r.c	NOUN
ftr-305	709	9	.	.	PUNCT
ftr-305	710	1	§	§	PROPN
ftr-305	710	2	856(c)(5)(c	856(c)(5)(c	PROPN
ftr-305	710	3	)	)	PUNCT
ftr-305	710	4	.	.	PUNCT
ftr-305	711	1	2013	2013	NUM
ftr-305	711	2	]	]	PUNCT
ftr-305	711	3	suppose	suppose	VERB
ftr-305	711	4	firpta	firpta	NOUN
ftr-305	711	5	was	be	AUX
ftr-305	711	6	repealed	repeal	VERB
ftr-305	711	7	37	37	NUM
ftr-305	711	8	any	any	DET
ftr-305	711	9	interest	interest	NOUN
ftr-305	711	10	other	other	ADJ
ftr-305	711	11	than	than	ADP
ftr-305	711	12	solely	solely	ADV
ftr-305	711	13	as	as	SCONJ
ftr-305	711	14	a	a	DET
ftr-305	711	15	creditor	creditor	NOUN
ftr-305	711	16	is	be	AUX
ftr-305	711	17	in	in	ADP
ftr-305	711	18	part	part	NOUN
ftr-305	711	19	simply	simply	ADV
ftr-305	711	20	regulatory	regulatory	ADJ
ftr-305	711	21	zeal.145	zeal.145	NOUN
ftr-305	711	22	eliminating	eliminate	VERB
ftr-305	711	23	the	the	DET
ftr-305	711	24	rule	rule	NOUN
ftr-305	711	25	that	that	PRON
ftr-305	711	26	includes	include	VERB
ftr-305	711	27	options	option	NOUN
ftr-305	711	28	on	on	ADP
ftr-305	711	29	real	real	ADJ
ftr-305	711	30	property	property	NOUN
ftr-305	711	31	or	or	CCONJ
ftr-305	711	32	real	real	ADJ
ftr-305	711	33	property	property	NOUN
ftr-305	711	34	leaseholds	leasehold	NOUN
ftr-305	711	35	from	from	ADP
ftr-305	711	36	the	the	DET
ftr-305	711	37	definition	definition	NOUN
ftr-305	711	38	of	of	ADP
ftr-305	711	39	real	real	ADJ
ftr-305	711	40	property	property	NOUN
ftr-305	711	41	,	,	PUNCT
ftr-305	711	42	and	and	CCONJ
ftr-305	711	43	cutting	cut	VERB
ftr-305	711	44	back	back	ADP
ftr-305	711	45	on	on	ADP
ftr-305	711	46	the	the	DET
ftr-305	711	47	breadth	breadth	NOUN
ftr-305	711	48	of	of	ADP
ftr-305	711	49	the	the	DET
ftr-305	711	50	definition	definition	NOUN
ftr-305	711	51	of	of	ADP
ftr-305	711	52	an	an	DET
ftr-305	711	53	interest	interest	NOUN
ftr-305	711	54	other	other	ADJ
ftr-305	711	55	than	than	ADP
ftr-305	711	56	a	a	DET
ftr-305	711	57	creditor	creditor	NOUN
ftr-305	711	58	,	,	PUNCT
ftr-305	711	59	would	would	AUX
ftr-305	711	60	be	be	AUX
ftr-305	711	61	sensible	sensible	ADJ
ftr-305	711	62	.	.	PUNCT
ftr-305	712	1	firpta	firpta	NOUN
ftr-305	712	2	also	also	ADV
ftr-305	712	3	adds	add	VERB
ftr-305	712	4	“	"	PUNCT
ftr-305	712	5	personal	personal	ADJ
ftr-305	712	6	property	property	NOUN
ftr-305	712	7	associated	associate	VERB
ftr-305	712	8	with	with	ADP
ftr-305	712	9	the	the	DET
ftr-305	712	10	use	use	NOUN
ftr-305	712	11	of	of	ADP
ftr-305	712	12	real	real	ADJ
ftr-305	712	13	property	property	NOUN
ftr-305	712	14	”	"	PUNCT
ftr-305	712	15	to	to	ADP
ftr-305	712	16	the	the	DET
ftr-305	712	17	definition	definition	NOUN
ftr-305	712	18	of	of	ADP
ftr-305	712	19	real	real	ADJ
ftr-305	712	20	property	property	NOUN
ftr-305	712	21	,	,	PUNCT
ftr-305	712	22	even	even	ADV
ftr-305	712	23	though	though	SCONJ
ftr-305	712	24	that	that	DET
ftr-305	712	25	property	property	NOUN
ftr-305	712	26	would	would	AUX
ftr-305	712	27	not	not	PART
ftr-305	712	28	by	by	ADP
ftr-305	712	29	itself	itself	PRON
ftr-305	712	30	be	be	AUX
ftr-305	712	31	real	real	ADJ
ftr-305	712	32	property	property	NOUN
ftr-305	712	33	for	for	ADP
ftr-305	712	34	reit	reit	NOUN
ftr-305	712	35	or	or	CCONJ
ftr-305	712	36	any	any	DET
ftr-305	712	37	other	other	ADJ
ftr-305	712	38	purposes.146	purposes.146	NOUN
ftr-305	712	39	the	the	DET
ftr-305	712	40	inclusion	inclusion	NOUN
ftr-305	712	41	of	of	ADP
ftr-305	712	42	personal	personal	ADJ
ftr-305	712	43	property	property	NOUN
ftr-305	712	44	“	"	PUNCT
ftr-305	712	45	associated	associate	VERB
ftr-305	712	46	with	with	ADP
ftr-305	712	47	the	the	DET
ftr-305	712	48	use	use	NOUN
ftr-305	712	49	of	of	ADP
ftr-305	712	50	real	real	ADJ
ftr-305	712	51	property	property	NOUN
ftr-305	712	52	”	"	PUNCT
ftr-305	712	53	seems	seem	VERB
ftr-305	712	54	simply	simply	ADV
ftr-305	712	55	to	to	PART
ftr-305	712	56	have	have	AUX
ftr-305	712	57	borrowed	borrow	VERB
ftr-305	712	58	from	from	ADP
ftr-305	712	59	what	what	PRON
ftr-305	712	60	the	the	DET
ftr-305	712	61	language	language	NOUN
ftr-305	712	62	of	of	ADP
ftr-305	712	63	u.s	u.s	PROPN
ftr-305	712	64	.	.	PROPN
ftr-305	712	65	and	and	CCONJ
ftr-305	712	66	other	other	ADJ
ftr-305	712	67	oecd	oecd	PROPN
ftr-305	712	68	tax	tax	NOUN
ftr-305	712	69	treaties	treaty	NOUN
ftr-305	712	70	then	then	ADV
ftr-305	712	71	in	in	ADP
ftr-305	712	72	effect	effect	NOUN
ftr-305	712	73	permitted	permit	VERB
ftr-305	712	74	the	the	DET
ftr-305	712	75	source	source	NOUN
ftr-305	712	76	country	country	NOUN
ftr-305	712	77	to	to	PART
ftr-305	712	78	tax	tax	VERB
ftr-305	712	79	.	.	PUNCT
ftr-305	713	1	personal	personal	ADJ
ftr-305	713	2	property	property	NOUN
ftr-305	713	3	associated	associate	VERB
ftr-305	713	4	with	with	ADP
ftr-305	713	5	the	the	DET
ftr-305	713	6	use	use	NOUN
ftr-305	713	7	of	of	ADP
ftr-305	713	8	real	real	ADJ
ftr-305	713	9	property	property	NOUN
ftr-305	713	10	is	be	AUX
ftr-305	713	11	included	include	VERB
ftr-305	713	12	in	in	ADP
ftr-305	713	13	the	the	DET
ftr-305	713	14	definition	definition	NOUN
ftr-305	713	15	of	of	ADP
ftr-305	713	16	real	real	ADJ
ftr-305	713	17	property	property	NOUN
ftr-305	713	18	,	,	PUNCT
ftr-305	713	19	however	however	ADV
ftr-305	713	20	,	,	PUNCT
ftr-305	713	21	only	only	ADV
ftr-305	713	22	“	"	PUNCT
ftr-305	713	23	where	where	SCONJ
ftr-305	713	24	both	both	CCONJ
ftr-305	713	25	the	the	DET
ftr-305	713	26	personal	personal	ADJ
ftr-305	713	27	property	property	NOUN
ftr-305	713	28	and	and	CCONJ
ftr-305	713	29	the	the	DET
ftr-305	713	30	united	united	PROPN
ftr-305	713	31	states	states	PROPN
ftr-305	713	32	real	real	ADJ
ftr-305	713	33	property	property	NOUN
ftr-305	713	34	interest	interest	NOUN
ftr-305	713	35	with	with	ADP
ftr-305	713	36	which	which	PRON
ftr-305	713	37	it	it	PRON
ftr-305	713	38	is	be	AUX
ftr-305	713	39	associated	associate	VERB
ftr-305	713	40	are	be	AUX
ftr-305	713	41	held	hold	VERB
ftr-305	713	42	by	by	ADP
ftr-305	713	43	the	the	DET
ftr-305	713	44	same	same	ADJ
ftr-305	713	45	person	person	NOUN
ftr-305	713	46	or	or	CCONJ
ftr-305	713	47	by	by	ADP
ftr-305	713	48	related	related	ADJ
ftr-305	713	49	persons”147	persons”147	NOUN
ftr-305	713	50	and	and	CCONJ
ftr-305	713	51	,	,	PUNCT
ftr-305	713	52	generally	generally	ADV
ftr-305	713	53	,	,	PUNCT
ftr-305	713	54	where	where	SCONJ
ftr-305	713	55	the	the	DET
ftr-305	713	56	disposition	disposition	NOUN
ftr-305	713	57	of	of	ADP
ftr-305	713	58	the	the	DET
ftr-305	713	59	personal	personal	ADJ
ftr-305	713	60	property	property	NOUN
ftr-305	713	61	is	be	AUX
ftr-305	713	62	within	within	ADP
ftr-305	713	63	one	one	NUM
ftr-305	713	64	year	year	NOUN
ftr-305	713	65	on	on	ADP
ftr-305	713	66	either	either	DET
ftr-305	713	67	side	side	NOUN
ftr-305	713	68	of	of	ADP
ftr-305	713	69	the	the	DET
ftr-305	713	70	disposition	disposition	NOUN
ftr-305	713	71	of	of	ADP
ftr-305	713	72	the	the	DET
ftr-305	713	73	real	real	ADJ
ftr-305	713	74	property.148	property.148	NOUN
ftr-305	713	75	before	before	ADP
ftr-305	713	76	firpta	firpta	NOUN
ftr-305	713	77	,	,	PUNCT
ftr-305	713	78	real	real	ADJ
ftr-305	713	79	property	property	NOUN
ftr-305	713	80	did	do	AUX
ftr-305	713	81	not	not	PART
ftr-305	713	82	include	include	VERB
ftr-305	713	83	personal	personal	ADJ
ftr-305	713	84	property	property	NOUN
ftr-305	713	85	associated	associate	VERB
ftr-305	713	86	with	with	ADP
ftr-305	713	87	the	the	DET
ftr-305	713	88	use	use	NOUN
ftr-305	713	89	of	of	ADP
ftr-305	713	90	real	real	ADJ
ftr-305	713	91	property	property	NOUN
ftr-305	713	92	,	,	PUNCT
ftr-305	713	93	and	and	CCONJ
ftr-305	713	94	thus	thus	ADV
ftr-305	713	95	the	the	DET
ftr-305	713	96	repeal	repeal	NOUN
ftr-305	713	97	of	of	ADP
ftr-305	713	98	firpta	firpta	NOUN
ftr-305	713	99	would	would	AUX
ftr-305	713	100	,	,	PUNCT
ftr-305	713	101	without	without	ADP
ftr-305	713	102	more	more	ADJ
ftr-305	713	103	,	,	PUNCT
ftr-305	713	104	narrow	narrow	VERB
ftr-305	713	105	the	the	DET
ftr-305	713	106	definition	definition	NOUN
ftr-305	713	107	.	.	PUNCT
ftr-305	714	1	but	but	CCONJ
ftr-305	714	2	as	as	ADP
ftr-305	714	3	a	a	DET
ftr-305	714	4	practical	practical	ADJ
ftr-305	714	5	matter	matter	NOUN
ftr-305	714	6	,	,	PUNCT
ftr-305	714	7	personal	personal	ADJ
ftr-305	714	8	property	property	NOUN
ftr-305	714	9	used	use	VERB
ftr-305	714	10	in	in	ADP
ftr-305	714	11	connection	connection	NOUN
ftr-305	714	12	with	with	ADP
ftr-305	714	13	u.s	u.s	PROPN
ftr-305	714	14	.	.	PROPN
ftr-305	714	15	real	real	ADJ
ftr-305	714	16	property	property	NOUN
ftr-305	714	17	that	that	PRON
ftr-305	714	18	produced	produce	VERB
ftr-305	714	19	effectively	effectively	ADV
ftr-305	714	20	connected	connect	VERB
ftr-305	714	21	income	income	NOUN
ftr-305	714	22	(	(	PUNCT
ftr-305	714	23	or	or	CCONJ
ftr-305	714	24	income	income	NOUN
ftr-305	714	25	attributable	attributable	ADJ
ftr-305	714	26	to	to	ADP
ftr-305	714	27	a	a	DET
ftr-305	714	28	permanent	permanent	ADJ
ftr-305	714	29	establishment	establishment	NOUN
ftr-305	714	30	)	)	PUNCT
ftr-305	714	31	,	,	PUNCT
ftr-305	714	32	by	by	ADP
ftr-305	714	33	election	election	NOUN
ftr-305	714	34	or	or	CCONJ
ftr-305	714	35	otherwise	otherwise	ADV
ftr-305	714	36	,	,	PUNCT
ftr-305	714	37	would	would	AUX
ftr-305	714	38	be	be	AUX
ftr-305	714	39	an	an	DET
ftr-305	714	40	asset	asset	NOUN
ftr-305	714	41	of	of	ADP
ftr-305	714	42	the	the	DET
ftr-305	714	43	trade	trade	NOUN
ftr-305	714	44	or	or	CCONJ
ftr-305	714	45	business	business	NOUN
ftr-305	714	46	if	if	SCONJ
ftr-305	714	47	owned	own	VERB
ftr-305	714	48	by	by	ADP
ftr-305	714	49	the	the	DET
ftr-305	714	50	owner	owner	NOUN
ftr-305	714	51	of	of	ADP
ftr-305	714	52	the	the	DET
ftr-305	714	53	real	real	ADJ
ftr-305	714	54	property	property	NOUN
ftr-305	714	55	,	,	PUNCT
ftr-305	714	56	and	and	CCONJ
ftr-305	714	57	thus	thus	ADV
ftr-305	714	58	any	any	DET
ftr-305	714	59	gain	gain	NOUN
ftr-305	714	60	would	would	AUX
ftr-305	714	61	be	be	AUX
ftr-305	714	62	subject	subject	ADJ
ftr-305	714	63	to	to	ADP
ftr-305	714	64	tax	tax	NOUN
ftr-305	714	65	on	on	ADP
ftr-305	714	66	its	its	PRON
ftr-305	714	67	disposition.149	disposition.149	NOUN
ftr-305	714	68	the	the	DET
ftr-305	714	69	main	main	ADJ
ftr-305	714	70	function	function	NOUN
ftr-305	714	71	of	of	ADP
ftr-305	714	72	including	include	VERB
ftr-305	714	73	such	such	ADJ
ftr-305	714	74	personal	personal	ADJ
ftr-305	714	75	property	property	NOUN
ftr-305	714	76	in	in	ADP
ftr-305	714	77	the	the	DET
ftr-305	714	78	firpta	firpta	NOUN
ftr-305	714	79	definition	definition	NOUN
ftr-305	714	80	is	be	AUX
ftr-305	714	81	to	to	PART
ftr-305	714	82	increase	increase	VERB
ftr-305	714	83	the	the	DET
ftr-305	714	84	likelihood	likelihood	NOUN
ftr-305	714	85	that	that	SCONJ
ftr-305	714	86	a	a	DET
ftr-305	714	87	u.s	u.s	PROPN
ftr-305	714	88	.	.	PROPN
ftr-305	714	89	corporation	corporation	NOUN
ftr-305	714	90	would	would	AUX
ftr-305	714	91	be	be	AUX
ftr-305	714	92	a	a	DET
ftr-305	714	93	usrphc	usrphc	ADJ
ftr-305	714	94	or	or	CCONJ
ftr-305	714	95	,	,	PUNCT
ftr-305	714	96	put	put	VERB
ftr-305	714	97	the	the	DET
ftr-305	714	98	other	other	ADJ
ftr-305	714	99	way	way	NOUN
ftr-305	714	100	around	around	ADV
ftr-305	714	101	,	,	PUNCT
ftr-305	714	102	prevent	prevent	VERB
ftr-305	714	103	the	the	DET
ftr-305	714	104	ownership	ownership	NOUN
ftr-305	714	105	of	of	ADP
ftr-305	714	106	personal	personal	ADJ
ftr-305	714	107	property	property	NOUN
ftr-305	714	108	from	from	ADP
ftr-305	714	109	allowing	allow	VERB
ftr-305	714	110	a	a	DET
ftr-305	714	111	u.s	u.s	PROPN
ftr-305	714	112	.	.	PROPN
ftr-305	714	113	corporation	corporation	NOUN
ftr-305	714	114	to	to	PART
ftr-305	714	115	escape	escape	VERB
ftr-305	714	116	the	the	DET
ftr-305	714	117	usrphc	usrphc	NOUN
ftr-305	714	118	.	.	PUNCT
ftr-305	715	1	with	with	ADP
ftr-305	715	2	the	the	DET
ftr-305	715	3	repeal	repeal	NOUN
ftr-305	715	4	of	of	ADP
ftr-305	715	5	the	the	DET
ftr-305	715	6	usrphc	usrphc	ADJ
ftr-305	715	7	rules	rule	NOUN
ftr-305	715	8	this	this	PRON
ftr-305	715	9	would	would	AUX
ftr-305	715	10	no	no	ADV
ftr-305	715	11	longer	long	ADV
ftr-305	715	12	be	be	AUX
ftr-305	715	13	relevant	relevant	ADJ
ftr-305	715	14	.	.	PUNCT
ftr-305	716	1	there	there	PRON
ftr-305	716	2	seems	seem	VERB
ftr-305	716	3	to	to	PART
ftr-305	716	4	be	be	AUX
ftr-305	716	5	no	no	DET
ftr-305	716	6	reason	reason	NOUN
ftr-305	716	7	why	why	SCONJ
ftr-305	716	8	personal	personal	ADJ
ftr-305	716	9	property	property	NOUN
ftr-305	716	10	associated	associate	VERB
ftr-305	716	11	with	with	ADP
ftr-305	716	12	the	the	DET
ftr-305	716	13	use	use	NOUN
ftr-305	716	14	of	of	ADP
ftr-305	716	15	real	real	ADJ
ftr-305	716	16	property	property	NOUN
ftr-305	716	17	should	should	AUX
ftr-305	716	18	be	be	AUX
ftr-305	716	19	treated	treat	VERB
ftr-305	716	20	any	any	DET
ftr-305	716	21	145	145	NUM
ftr-305	716	22	.	.	PUNCT
ftr-305	717	1	while	while	SCONJ
ftr-305	717	2	the	the	DET
ftr-305	717	3	statute	statute	NOUN
ftr-305	717	4	includes	include	VERB
ftr-305	717	5	interests	interest	NOUN
ftr-305	717	6	in	in	ADP
ftr-305	717	7	a	a	DET
ftr-305	717	8	usrphc	usrphc	ADJ
ftr-305	717	9	other	other	ADJ
ftr-305	717	10	than	than	ADP
ftr-305	717	11	solely	solely	ADV
ftr-305	717	12	as	as	ADP
ftr-305	717	13	a	a	DET
ftr-305	717	14	creditor	creditor	NOUN
ftr-305	717	15	,	,	PUNCT
ftr-305	717	16	i.r.c	i.r.c	NOUN
ftr-305	717	17	.	.	PUNCT
ftr-305	718	1	§	§	PROPN
ftr-305	718	2	897(c)(1)(a)(ii	897(c)(1)(a)(ii	PROPN
ftr-305	718	3	)	)	PUNCT
ftr-305	718	4	,	,	PUNCT
ftr-305	718	5	it	it	PRON
ftr-305	718	6	does	do	AUX
ftr-305	718	7	not	not	PART
ftr-305	718	8	apply	apply	VERB
ftr-305	718	9	that	that	DET
ftr-305	718	10	concept	concept	NOUN
ftr-305	718	11	to	to	ADP
ftr-305	718	12	other	other	ADJ
ftr-305	718	13	interests	interest	NOUN
ftr-305	718	14	in	in	ADP
ftr-305	718	15	real	real	ADJ
ftr-305	718	16	property	property	NOUN
ftr-305	718	17	or	or	CCONJ
ftr-305	718	18	to	to	ADP
ftr-305	718	19	interests	interest	NOUN
ftr-305	718	20	in	in	ADP
ftr-305	718	21	other	other	ADJ
ftr-305	718	22	entities	entity	NOUN
ftr-305	718	23	.	.	PUNCT
ftr-305	719	1	146	146	NUM
ftr-305	719	2	.	.	PUNCT
ftr-305	719	3	i.r.c	i.r.c	NOUN
ftr-305	719	4	.	.	PUNCT
ftr-305	720	1	§	§	PROPN
ftr-305	720	2	897(c)(6)(b	897(c)(6)(b	PROPN
ftr-305	720	3	)	)	PUNCT
ftr-305	720	4	(	(	PUNCT
ftr-305	720	5	including	include	VERB
ftr-305	720	6	in	in	ADP
ftr-305	720	7	the	the	DET
ftr-305	720	8	definition	definition	NOUN
ftr-305	720	9	“	"	PUNCT
ftr-305	720	10	movable	movable	ADJ
ftr-305	720	11	walls	wall	NOUN
ftr-305	720	12	,	,	PUNCT
ftr-305	720	13	furnishings	furnishing	NOUN
ftr-305	720	14	,	,	PUNCT
ftr-305	720	15	and	and	CCONJ
ftr-305	720	16	other	other	ADJ
ftr-305	720	17	personal	personal	ADJ
ftr-305	720	18	property	property	NOUN
ftr-305	720	19	associated	associate	VERB
ftr-305	720	20	with	with	ADP
ftr-305	720	21	the	the	DET
ftr-305	720	22	use	use	NOUN
ftr-305	720	23	of	of	ADP
ftr-305	720	24	real	real	ADJ
ftr-305	720	25	property	property	NOUN
ftr-305	720	26	”	"	PUNCT
ftr-305	720	27	)	)	PUNCT
ftr-305	720	28	.	.	PUNCT
ftr-305	721	1	147	147	NUM
ftr-305	721	2	.	.	PUNCT
ftr-305	721	3	regs	regs	PROPN
ftr-305	721	4	.	.	PUNCT
ftr-305	722	1	§	§	PROPN
ftr-305	722	2	1.897	1.897	NUM
ftr-305	722	3	-	-	PUNCT
ftr-305	722	4	1(b)(4)(i	1(b)(4)(i	NUM
ftr-305	722	5	)	)	PUNCT
ftr-305	722	6	.	.	PUNCT
ftr-305	723	1	148	148	NUM
ftr-305	723	2	.	.	PUNCT
ftr-305	723	3	regs	regs	PROPN
ftr-305	723	4	.	.	PUNCT
ftr-305	724	1	§	§	PROPN
ftr-305	724	2	1.897	1.897	NUM
ftr-305	724	3	-	-	PUNCT
ftr-305	724	4	1(b)(4)(ii	1(b)(4)(ii	NUM
ftr-305	724	5	)	)	PUNCT
ftr-305	724	6	.	.	PUNCT
ftr-305	725	1	149	149	NUM
ftr-305	725	2	.	.	PUNCT
ftr-305	726	1	before	before	ADP
ftr-305	726	2	firpta	firpta	NOUN
ftr-305	726	3	,	,	PUNCT
ftr-305	726	4	section	section	NOUN
ftr-305	726	5	861(a)(5	861(a)(5	NUM
ftr-305	726	6	)	)	PUNCT
ftr-305	726	7	defined	define	VERB
ftr-305	726	8	real	real	ADJ
ftr-305	726	9	property	property	NOUN
ftr-305	726	10	for	for	ADP
ftr-305	726	11	purposes	purpose	NOUN
ftr-305	726	12	of	of	ADP
ftr-305	726	13	sourcing	source	VERB
ftr-305	726	14	gain	gain	NOUN
ftr-305	726	15	on	on	ADP
ftr-305	726	16	its	its	PRON
ftr-305	726	17	disposition	disposition	NOUN
ftr-305	726	18	as	as	ADP
ftr-305	726	19	“	"	PUNCT
ftr-305	726	20	real	real	ADJ
ftr-305	726	21	property	property	NOUN
ftr-305	726	22	located	locate	VERB
ftr-305	726	23	in	in	ADP
ftr-305	726	24	the	the	DET
ftr-305	726	25	united	united	PROPN
ftr-305	726	26	states	states	PROPN
ftr-305	726	27	.	.	PUNCT
ftr-305	726	28	”	"	PUNCT
ftr-305	727	1	income	income	NOUN
ftr-305	727	2	from	from	ADP
ftr-305	727	3	personal	personal	ADJ
ftr-305	727	4	property	property	NOUN
ftr-305	727	5	associated	associate	VERB
ftr-305	727	6	with	with	ADP
ftr-305	727	7	the	the	DET
ftr-305	727	8	use	use	NOUN
ftr-305	727	9	of	of	ADP
ftr-305	727	10	real	real	ADJ
ftr-305	727	11	property	property	NOUN
ftr-305	727	12	is	be	AUX
ftr-305	727	13	not	not	PART
ftr-305	727	14	treated	treat	VERB
ftr-305	727	15	as	as	ADP
ftr-305	727	16	income	income	NOUN
ftr-305	727	17	effectively	effectively	ADV
ftr-305	727	18	connected	connect	VERB
ftr-305	727	19	with	with	ADP
ftr-305	727	20	a	a	DET
ftr-305	727	21	u.s	u.s	PROPN
ftr-305	727	22	.	.	PROPN
ftr-305	727	23	trade	trade	NOUN
ftr-305	727	24	or	or	CCONJ
ftr-305	727	25	business	business	NOUN
ftr-305	727	26	by	by	ADP
ftr-305	727	27	virtue	virtue	NOUN
ftr-305	727	28	of	of	ADP
ftr-305	727	29	an	an	DET
ftr-305	727	30	election	election	NOUN
ftr-305	727	31	to	to	PART
ftr-305	727	32	treat	treat	VERB
ftr-305	727	33	the	the	DET
ftr-305	727	34	income	income	NOUN
ftr-305	727	35	from	from	ADP
ftr-305	727	36	the	the	DET
ftr-305	727	37	real	real	ADJ
ftr-305	727	38	property	property	NOUN
ftr-305	727	39	as	as	ADV
ftr-305	727	40	effectively	effectively	ADV
ftr-305	727	41	connected	connect	VERB
ftr-305	727	42	.	.	PUNCT
ftr-305	728	1	see	see	VERB
ftr-305	728	2	regs	reg	NOUN
ftr-305	728	3	.	.	PUNCT
ftr-305	729	1	§	§	PROPN
ftr-305	729	2	1.871	1.871	NUM
ftr-305	729	3	-	-	PUNCT
ftr-305	729	4	10(b	10(b	NUM
ftr-305	729	5	)	)	PUNCT
ftr-305	729	6	.	.	PUNCT
ftr-305	730	1	38	38	NUM
ftr-305	730	2	florida	florida	PROPN
ftr-305	730	3	tax	tax	NOUN
ftr-305	730	4	review	review	NOUN
ftr-305	730	5	[	[	X
ftr-305	730	6	vol	vol	NOUN
ftr-305	730	7	.	.	PUNCT
ftr-305	731	1	14:1	14:1	NUM
ftr-305	731	2	differently	differently	ADV
ftr-305	731	3	from	from	ADP
ftr-305	731	4	any	any	DET
ftr-305	731	5	personal	personal	ADJ
ftr-305	731	6	property	property	NOUN
ftr-305	731	7	and	and	CCONJ
ftr-305	731	8	certainly	certainly	ADV
ftr-305	731	9	that	that	PRON
ftr-305	731	10	would	would	AUX
ftr-305	731	11	be	be	AUX
ftr-305	731	12	a	a	DET
ftr-305	731	13	simplification	simplification	NOUN
ftr-305	731	14	of	of	ADP
ftr-305	731	15	the	the	DET
ftr-305	731	16	rules	rule	NOUN
ftr-305	731	17	.	.	PUNCT
ftr-305	732	1	repeal	repeal	NOUN
ftr-305	732	2	of	of	ADP
ftr-305	732	3	firpta	firpta	NOUN
ftr-305	732	4	would	would	AUX
ftr-305	732	5	also	also	ADV
ftr-305	732	6	restore	restore	VERB
ftr-305	732	7	the	the	DET
ftr-305	732	8	different	different	ADJ
ftr-305	732	9	treatment	treatment	NOUN
ftr-305	732	10	of	of	ADP
ftr-305	732	11	gain	gain	NOUN
ftr-305	732	12	from	from	ADP
ftr-305	732	13	the	the	DET
ftr-305	732	14	disposition	disposition	NOUN
ftr-305	732	15	of	of	ADP
ftr-305	732	16	real	real	ADJ
ftr-305	732	17	property	property	NOUN
ftr-305	732	18	that	that	PRON
ftr-305	732	19	was	be	AUX
ftr-305	732	20	a	a	DET
ftr-305	732	21	u.s	u.s	PROPN
ftr-305	732	22	.	.	PROPN
ftr-305	732	23	trade	trade	NOUN
ftr-305	732	24	or	or	CCONJ
ftr-305	732	25	business	business	NOUN
ftr-305	732	26	and	and	CCONJ
ftr-305	732	27	one	one	NUM
ftr-305	732	28	that	that	PRON
ftr-305	732	29	was	be	AUX
ftr-305	732	30	not	not	PART
ftr-305	732	31	.	.	PUNCT
ftr-305	733	1	does	do	AUX
ftr-305	733	2	the	the	DET
ftr-305	733	3	different	different	ADJ
ftr-305	733	4	treatment	treatment	NOUN
ftr-305	733	5	make	make	VERB
ftr-305	733	6	sense	sense	NOUN
ftr-305	733	7	?	?	PUNCT
ftr-305	734	1	with	with	ADP
ftr-305	734	2	the	the	DET
ftr-305	734	3	present	present	ADJ
ftr-305	734	4	levels	level	NOUN
ftr-305	734	5	of	of	ADP
ftr-305	734	6	individual	individual	ADJ
ftr-305	734	7	and	and	CCONJ
ftr-305	734	8	corporate	corporate	ADJ
ftr-305	734	9	tax	tax	NOUN
ftr-305	734	10	,	,	PUNCT
ftr-305	734	11	it	it	PRON
ftr-305	734	12	is	be	AUX
ftr-305	734	13	unlikely	unlikely	ADJ
ftr-305	734	14	that	that	SCONJ
ftr-305	734	15	there	there	PRON
ftr-305	734	16	will	will	AUX
ftr-305	734	17	be	be	AUX
ftr-305	734	18	many	many	ADJ
ftr-305	734	19	situations	situation	NOUN
ftr-305	734	20	in	in	ADP
ftr-305	734	21	which	which	PRON
ftr-305	734	22	a	a	DET
ftr-305	734	23	30	30	NUM
ftr-305	734	24	percent	percent	NOUN
ftr-305	734	25	tax	tax	NOUN
ftr-305	734	26	on	on	ADP
ftr-305	734	27	gross	gross	ADJ
ftr-305	734	28	income	income	NOUN
ftr-305	734	29	is	be	AUX
ftr-305	734	30	better	well	ADJ
ftr-305	734	31	for	for	ADP
ftr-305	734	32	an	an	DET
ftr-305	734	33	investor	investor	NOUN
ftr-305	734	34	than	than	ADP
ftr-305	734	35	a	a	DET
ftr-305	734	36	tax	tax	NOUN
ftr-305	734	37	on	on	ADP
ftr-305	734	38	effectively	effectively	ADV
ftr-305	734	39	connected	connect	VERB
ftr-305	734	40	taxable	taxable	ADJ
ftr-305	734	41	income	income	NOUN
ftr-305	734	42	,	,	PUNCT
ftr-305	734	43	and	and	CCONJ
ftr-305	734	44	this	this	PRON
ftr-305	734	45	argues	argue	VERB
ftr-305	734	46	for	for	ADP
ftr-305	734	47	a	a	DET
ftr-305	734	48	single	single	ADJ
ftr-305	734	49	rule	rule	NOUN
ftr-305	734	50	under	under	ADP
ftr-305	734	51	which	which	PRON
ftr-305	734	52	the	the	DET
ftr-305	734	53	tax	tax	NOUN
ftr-305	734	54	on	on	ADP
ftr-305	734	55	income	income	NOUN
ftr-305	734	56	from	from	ADP
ftr-305	734	57	real	real	ADJ
ftr-305	734	58	property	property	NOUN
ftr-305	734	59	(	(	PUNCT
ftr-305	734	60	as	as	SCONJ
ftr-305	734	61	redefined	redefine	VERB
ftr-305	734	62	)	)	PUNCT
ftr-305	734	63	would	would	AUX
ftr-305	734	64	be	be	AUX
ftr-305	734	65	on	on	ADP
ftr-305	734	66	taxable	taxable	ADJ
ftr-305	734	67	income	income	NOUN
ftr-305	734	68	,	,	PUNCT
ftr-305	734	69	whether	whether	SCONJ
ftr-305	734	70	or	or	CCONJ
ftr-305	734	71	not	not	PART
ftr-305	734	72	it	it	PRON
ftr-305	734	73	is	be	AUX
ftr-305	734	74	effectively	effectively	ADV
ftr-305	734	75	connected	connect	VERB
ftr-305	734	76	with	with	ADP
ftr-305	734	77	a	a	DET
ftr-305	734	78	u.s	u.s	PROPN
ftr-305	734	79	.	.	PROPN
ftr-305	734	80	trade	trade	PROPN
ftr-305	734	81	or	or	CCONJ
ftr-305	734	82	business.150	business.150	NOUN
ftr-305	734	83	in	in	ADP
ftr-305	734	84	order	order	NOUN
ftr-305	734	85	to	to	PART
ftr-305	734	86	avoid	avoid	VERB
ftr-305	734	87	the	the	DET
ftr-305	734	88	need	need	NOUN
ftr-305	734	89	to	to	PART
ftr-305	734	90	file	file	VERB
ftr-305	734	91	returns	return	NOUN
ftr-305	734	92	,	,	PUNCT
ftr-305	734	93	the	the	DET
ftr-305	734	94	tax	tax	NOUN
ftr-305	734	95	should	should	AUX
ftr-305	734	96	be	be	AUX
ftr-305	734	97	collected	collect	VERB
ftr-305	734	98	by	by	ADP
ftr-305	734	99	withholding	withholding	NOUN
ftr-305	734	100	and	and	CCONJ
ftr-305	734	101	,	,	PUNCT
ftr-305	734	102	subject	subject	ADJ
ftr-305	734	103	to	to	ADP
ftr-305	734	104	treaties	treaty	NOUN
ftr-305	734	105	,	,	PUNCT
ftr-305	734	106	imposed	impose	VERB
ftr-305	734	107	at	at	ADP
ftr-305	734	108	a	a	DET
ftr-305	734	109	single	single	ADJ
ftr-305	734	110	rate	rate	NOUN
ftr-305	734	111	that	that	PRON
ftr-305	734	112	takes	take	VERB
ftr-305	734	113	into	into	ADP
ftr-305	734	114	account	account	NOUN
ftr-305	734	115	the	the	DET
ftr-305	734	116	likelihood	likelihood	NOUN
ftr-305	734	117	that	that	SCONJ
ftr-305	734	118	any	any	DET
ftr-305	734	119	investment	investment	NOUN
ftr-305	734	120	in	in	ADP
ftr-305	734	121	real	real	ADJ
ftr-305	734	122	property	property	NOUN
ftr-305	734	123	involves	involve	VERB
ftr-305	734	124	expenses	expense	NOUN
ftr-305	734	125	.	.	PUNCT
ftr-305	735	1	d.	d.	PROPN
ftr-305	735	2	tax	tax	PROPN
ftr-305	735	3	treaties	treaty	NOUN
ftr-305	735	4	u.s	u.s	PROPN
ftr-305	735	5	.	.	PROPN
ftr-305	735	6	tax	tax	NOUN
ftr-305	735	7	treaties	treaty	NOUN
ftr-305	735	8	do	do	AUX
ftr-305	735	9	not	not	PART
ftr-305	735	10	limit	limit	VERB
ftr-305	735	11	the	the	DET
ftr-305	735	12	firpta	firpta	NOUN
ftr-305	735	13	tax	tax	NOUN
ftr-305	735	14	on	on	ADP
ftr-305	735	15	gains	gain	NOUN
ftr-305	735	16	from	from	ADP
ftr-305	735	17	sales	sale	NOUN
ftr-305	735	18	of	of	ADP
ftr-305	735	19	shares	share	NOUN
ftr-305	735	20	of	of	ADP
ftr-305	735	21	usrphcs	usrphcs	NOUN
ftr-305	735	22	or	or	CCONJ
ftr-305	735	23	of	of	ADP
ftr-305	735	24	distributions	distribution	NOUN
ftr-305	735	25	by	by	ADP
ftr-305	735	26	reits	reit	NOUN
ftr-305	735	27	or	or	CCONJ
ftr-305	735	28	rics	ric	NOUN
ftr-305	735	29	of	of	ADP
ftr-305	735	30	gains	gain	NOUN
ftr-305	735	31	from	from	ADP
ftr-305	735	32	sales	sale	NOUN
ftr-305	735	33	of	of	ADP
ftr-305	735	34	interests	interest	NOUN
ftr-305	735	35	in	in	ADP
ftr-305	735	36	usrp	usrp	NOUN
ftr-305	735	37	.	.	PUNCT
ftr-305	736	1	nor	nor	CCONJ
ftr-305	736	2	do	do	AUX
ftr-305	736	3	they	they	PRON
ftr-305	736	4	reduce	reduce	VERB
ftr-305	736	5	the	the	DET
ftr-305	736	6	30	30	NUM
ftr-305	736	7	percent	percent	NOUN
ftr-305	736	8	withholding	withholding	NOUN
ftr-305	736	9	tax	tax	NOUN
ftr-305	736	10	on	on	ADP
ftr-305	736	11	rents	rent	NOUN
ftr-305	736	12	or	or	CCONJ
ftr-305	736	13	oil	oil	NOUN
ftr-305	736	14	,	,	PUNCT
ftr-305	736	15	gas	gas	NOUN
ftr-305	736	16	and	and	CCONJ
ftr-305	736	17	other	other	ADJ
ftr-305	736	18	mineral	mineral	NOUN
ftr-305	736	19	royalties	royalty	NOUN
ftr-305	736	20	that	that	PRON
ftr-305	736	21	are	be	AUX
ftr-305	736	22	not	not	PART
ftr-305	736	23	effectively	effectively	ADV
ftr-305	736	24	connected	connect	VERB
ftr-305	736	25	with	with	ADP
ftr-305	736	26	a	a	DET
ftr-305	736	27	u.s	u.s	PROPN
ftr-305	736	28	.	.	PROPN
ftr-305	736	29	trade	trade	NOUN
ftr-305	736	30	or	or	CCONJ
ftr-305	736	31	business	business	NOUN
ftr-305	736	32	.	.	PUNCT
ftr-305	737	1	more	more	ADJ
ftr-305	737	2	recent	recent	ADJ
ftr-305	737	3	treaties	treaty	NOUN
ftr-305	737	4	do	do	AUX
ftr-305	737	5	reduce	reduce	VERB
ftr-305	737	6	the	the	DET
ftr-305	737	7	30	30	NUM
ftr-305	737	8	percent	percent	NOUN
ftr-305	737	9	u.s	u.s	PROPN
ftr-305	737	10	.	.	PROPN
ftr-305	737	11	withholding	withholding	NOUN
ftr-305	737	12	tax	tax	NOUN
ftr-305	737	13	on	on	ADP
ftr-305	737	14	regular	regular	ADJ
ftr-305	737	15	dividends	dividend	NOUN
ftr-305	737	16	paid	pay	VERB
ftr-305	737	17	by	by	ADP
ftr-305	737	18	a	a	DET
ftr-305	737	19	reit	reit	NOUN
ftr-305	737	20	to	to	ADP
ftr-305	737	21	zero	zero	NUM
ftr-305	737	22	in	in	ADP
ftr-305	737	23	the	the	DET
ftr-305	737	24	case	case	NOUN
ftr-305	737	25	of	of	ADP
ftr-305	737	26	a	a	DET
ftr-305	737	27	foreign	foreign	ADJ
ftr-305	737	28	pension	pension	NOUN
ftr-305	737	29	fund	fund	NOUN
ftr-305	737	30	and	and	CCONJ
ftr-305	737	31	to	to	ADP
ftr-305	737	32	15	15	NUM
ftr-305	737	33	percent	percent	NOUN
ftr-305	737	34	in	in	ADP
ftr-305	737	35	the	the	DET
ftr-305	737	36	case	case	NOUN
ftr-305	737	37	of	of	ADP
ftr-305	737	38	other	other	ADJ
ftr-305	737	39	shareholders	shareholder	NOUN
ftr-305	737	40	,	,	PUNCT
ftr-305	737	41	but	but	CCONJ
ftr-305	737	42	only	only	ADV
ftr-305	737	43	in	in	ADP
ftr-305	737	44	the	the	DET
ftr-305	737	45	case	case	NOUN
ftr-305	737	46	of	of	ADP
ftr-305	737	47	a	a	DET
ftr-305	737	48	pension	pension	NOUN
ftr-305	737	49	fund	fund	NOUN
ftr-305	737	50	or	or	CCONJ
ftr-305	737	51	individual	individual	ADJ
ftr-305	737	52	shareholder	shareholder	NOUN
ftr-305	737	53	owning	own	VERB
ftr-305	737	54	10	10	NUM
ftr-305	737	55	percent	percent	NOUN
ftr-305	737	56	or	or	CCONJ
ftr-305	737	57	less	less	ADJ
ftr-305	737	58	of	of	ADP
ftr-305	737	59	the	the	DET
ftr-305	737	60	reit	reit	NOUN
ftr-305	737	61	,	,	PUNCT
ftr-305	737	62	a	a	DET
ftr-305	737	63	shareholder	shareholder	NOUN
ftr-305	737	64	owning	own	VERB
ftr-305	737	65	5	5	NUM
ftr-305	737	66	percent	percent	NOUN
ftr-305	737	67	or	or	CCONJ
ftr-305	737	68	less	less	ADJ
ftr-305	737	69	of	of	ADP
ftr-305	737	70	any	any	DET
ftr-305	737	71	class	class	NOUN
ftr-305	737	72	of	of	ADP
ftr-305	737	73	stock	stock	NOUN
ftr-305	737	74	of	of	ADP
ftr-305	737	75	a	a	DET
ftr-305	737	76	reit	reit	NOUN
ftr-305	737	77	if	if	SCONJ
ftr-305	737	78	the	the	DET
ftr-305	737	79	dividend	dividend	NOUN
ftr-305	737	80	is	be	AUX
ftr-305	737	81	paid	pay	VERB
ftr-305	737	82	on	on	ADP
ftr-305	737	83	a	a	DET
ftr-305	737	84	class	class	NOUN
ftr-305	737	85	of	of	ADP
ftr-305	737	86	shares	share	NOUN
ftr-305	737	87	that	that	PRON
ftr-305	737	88	is	be	AUX
ftr-305	737	89	publicly	publicly	ADV
ftr-305	737	90	traded	trade	VERB
ftr-305	737	91	,	,	PUNCT
ftr-305	737	92	and	and	CCONJ
ftr-305	737	93	for	for	ADP
ftr-305	737	94	a	a	DET
ftr-305	737	95	shareholder	shareholder	NOUN
ftr-305	737	96	who	who	PRON
ftr-305	737	97	holds	hold	VERB
ftr-305	737	98	an	an	DET
ftr-305	737	99	interest	interest	NOUN
ftr-305	737	100	of	of	ADP
ftr-305	737	101	10	10	NUM
ftr-305	737	102	percent	percent	NOUN
ftr-305	737	103	or	or	CCONJ
ftr-305	737	104	less	less	ADJ
ftr-305	737	105	in	in	ADP
ftr-305	737	106	the	the	DET
ftr-305	737	107	reit	reit	NOUN
ftr-305	737	108	if	if	SCONJ
ftr-305	737	109	the	the	DET
ftr-305	737	110	reit	reit	NOUN
ftr-305	737	111	is	be	AUX
ftr-305	737	112	“	"	PUNCT
ftr-305	737	113	diversified	diversified	ADJ
ftr-305	737	114	”	"	PUNCT
ftr-305	737	115	(	(	PUNCT
ftr-305	737	116	which	which	PRON
ftr-305	737	117	requires	require	VERB
ftr-305	737	118	that	that	SCONJ
ftr-305	737	119	no	no	DET
ftr-305	737	120	single	single	ADJ
ftr-305	737	121	property	property	NOUN
ftr-305	737	122	held	hold	VERB
ftr-305	737	123	by	by	ADP
ftr-305	737	124	the	the	DET
ftr-305	737	125	reit	reit	PROPN
ftr-305	737	126	exceed	exceed	VERB
ftr-305	737	127	10	10	NUM
ftr-305	737	128	percent	percent	NOUN
ftr-305	737	129	in	in	ADP
ftr-305	737	130	value	value	NOUN
ftr-305	737	131	of	of	ADP
ftr-305	737	132	the	the	DET
ftr-305	737	133	value	value	NOUN
ftr-305	737	134	of	of	ADP
ftr-305	737	135	its	its	PRON
ftr-305	737	136	total	total	ADJ
ftr-305	737	137	interests	interest	NOUN
ftr-305	737	138	in	in	ADP
ftr-305	737	139	real	real	ADJ
ftr-305	737	140	property).151	property).151	PROPN
ftr-305	737	141	a	a	DET
ftr-305	737	142	few	few	ADJ
ftr-305	737	143	u.s	u.s	PROPN
ftr-305	737	144	.	.	PROPN
ftr-305	737	145	tax	tax	NOUN
ftr-305	737	146	treaties	treaty	NOUN
ftr-305	737	147	extend	extend	VERB
ftr-305	737	148	the	the	DET
ftr-305	737	149	15	15	NUM
ftr-305	737	150	percent	percent	NOUN
ftr-305	737	151	reduction	reduction	NOUN
ftr-305	737	152	to	to	ADP
ftr-305	737	153	shareholders	shareholder	NOUN
ftr-305	737	154	that	that	PRON
ftr-305	737	155	are	be	AUX
ftr-305	737	156	the	the	DET
ftr-305	737	157	equivalent	equivalent	NOUN
ftr-305	737	158	of	of	ADP
ftr-305	737	159	reits	reit	NOUN
ftr-305	737	160	under	under	ADP
ftr-305	737	161	foreign	foreign	ADJ
ftr-305	737	162	law	law	NOUN
ftr-305	737	163	without	without	ADP
ftr-305	737	164	regard	regard	NOUN
ftr-305	737	165	to	to	ADP
ftr-305	737	166	the	the	DET
ftr-305	737	167	amount	amount	NOUN
ftr-305	737	168	of	of	ADP
ftr-305	737	169	shares	share	NOUN
ftr-305	737	170	owned.152	owned.152	VERB
ftr-305	737	171	the	the	DET
ftr-305	737	172	reason	reason	NOUN
ftr-305	737	173	for	for	ADP
ftr-305	737	174	not	not	PART
ftr-305	737	175	allowing	allow	VERB
ftr-305	737	176	150	150	NUM
ftr-305	737	177	.	.	PUNCT
ftr-305	738	1	others	other	NOUN
ftr-305	738	2	have	have	AUX
ftr-305	738	3	suggested	suggest	VERB
ftr-305	738	4	this	this	PRON
ftr-305	738	5	.	.	PUNCT
ftr-305	739	1	see	see	VERB
ftr-305	739	2	brown	brown	ADJ
ftr-305	739	3	,	,	PUNCT
ftr-305	739	4	wither	wither	NOUN
ftr-305	739	5	firpta	firpta	NOUN
ftr-305	739	6	,	,	PUNCT
ftr-305	739	7	supra	supra	PROPN
ftr-305	739	8	note	note	NOUN
ftr-305	739	9	3	3	NUM
ftr-305	739	10	,	,	PUNCT
ftr-305	739	11	at	at	ADP
ftr-305	739	12	311	311	NUM
ftr-305	739	13	nn.87–88	nn.87–88	NOUN
ftr-305	739	14	.	.	PUNCT
ftr-305	740	1	151	151	NUM
ftr-305	740	2	.	.	PUNCT
ftr-305	741	1	see	see	VERB
ftr-305	741	2	platt	platt	PROPN
ftr-305	741	3	,	,	PUNCT
ftr-305	741	4	cross	cross	ADJ
ftr-305	741	5	-	-	ADJ
ftr-305	741	6	border	border	ADJ
ftr-305	741	7	transactions	transaction	NOUN
ftr-305	741	8	,	,	PUNCT
ftr-305	741	9	supra	supra	PROPN
ftr-305	741	10	note	note	VERB
ftr-305	741	11	97	97	NUM
ftr-305	741	12	(	(	PUNCT
ftr-305	741	13	noting	note	VERB
ftr-305	741	14	that	that	SCONJ
ftr-305	741	15	before	before	ADP
ftr-305	741	16	the	the	DET
ftr-305	741	17	1996	1996	NUM
ftr-305	741	18	model	model	NOUN
ftr-305	741	19	,	,	PUNCT
ftr-305	741	20	reit	reit	NOUN
ftr-305	741	21	dividends	dividend	NOUN
ftr-305	741	22	were	be	AUX
ftr-305	741	23	treated	treat	VERB
ftr-305	741	24	like	like	ADP
ftr-305	741	25	any	any	DET
ftr-305	741	26	dividends	dividend	NOUN
ftr-305	741	27	(	(	PUNCT
ftr-305	741	28	and	and	CCONJ
ftr-305	741	29	thus	thus	ADV
ftr-305	741	30	could	could	AUX
ftr-305	741	31	be	be	AUX
ftr-305	741	32	taxed	tax	VERB
ftr-305	741	33	at	at	ADP
ftr-305	741	34	a	a	DET
ftr-305	741	35	5	5	NUM
ftr-305	741	36	percent	percent	NOUN
ftr-305	741	37	or	or	CCONJ
ftr-305	741	38	15	15	NUM
ftr-305	741	39	percent	percent	NOUN
ftr-305	741	40	rate	rate	NOUN
ftr-305	741	41	)	)	PUNCT
ftr-305	741	42	but	but	CCONJ
ftr-305	741	43	in	in	ADP
ftr-305	741	44	the	the	DET
ftr-305	741	45	model	model	NOUN
ftr-305	741	46	convention	convention	NOUN
ftr-305	741	47	released	release	VERB
ftr-305	741	48	that	that	DET
ftr-305	741	49	year	year	NOUN
ftr-305	741	50	,	,	PUNCT
ftr-305	741	51	and	and	CCONJ
ftr-305	741	52	in	in	ADP
ftr-305	741	53	subsequent	subsequent	ADJ
ftr-305	741	54	treaties	treaty	NOUN
ftr-305	741	55	,	,	PUNCT
ftr-305	741	56	the	the	DET
ftr-305	741	57	5	5	NUM
ftr-305	741	58	percent	percent	NOUN
ftr-305	741	59	rate	rate	NOUN
ftr-305	741	60	was	be	AUX
ftr-305	741	61	eliminated	eliminate	VERB
ftr-305	741	62	and	and	CCONJ
ftr-305	741	63	the	the	DET
ftr-305	741	64	15	15	NUM
ftr-305	741	65	percent	percent	NOUN
ftr-305	741	66	rate	rate	NOUN
ftr-305	741	67	was	be	AUX
ftr-305	741	68	limited	limit	VERB
ftr-305	741	69	to	to	ADP
ftr-305	741	70	dividends	dividend	NOUN
ftr-305	741	71	paid	pay	VERB
ftr-305	741	72	to	to	PART
ftr-305	741	73	specified	specified	VERB
ftr-305	741	74	foreign	foreign	ADJ
ftr-305	741	75	shareholders	shareholder	NOUN
ftr-305	741	76	)	)	PUNCT
ftr-305	741	77	.	.	PUNCT
ftr-305	742	1	152	152	NUM
ftr-305	742	2	.	.	PUNCT
ftr-305	743	1	for	for	ADP
ftr-305	743	2	example	example	NOUN
ftr-305	743	3	,	,	PUNCT
ftr-305	743	4	article	article	NOUN
ftr-305	743	5	10	10	NUM
ftr-305	743	6	of	of	ADP
ftr-305	743	7	the	the	DET
ftr-305	743	8	united	united	PROPN
ftr-305	743	9	states	states	PROPN
ftr-305	743	10	-	-	PUNCT
ftr-305	743	11	australia	australia	PROPN
ftr-305	743	12	treaty	treaty	NOUN
ftr-305	743	13	reduces	reduce	VERB
ftr-305	743	14	the	the	DET
ftr-305	743	15	rate	rate	NOUN
ftr-305	743	16	to	to	ADP
ftr-305	743	17	15	15	NUM
ftr-305	743	18	percent	percent	NOUN
ftr-305	743	19	for	for	ADP
ftr-305	743	20	dividends	dividend	NOUN
ftr-305	743	21	paid	pay	VERB
ftr-305	743	22	to	to	ADP
ftr-305	743	23	a	a	DET
ftr-305	743	24	listed	list	VERB
ftr-305	743	25	australian	australian	ADJ
ftr-305	743	26	property	property	NOUN
ftr-305	743	27	trust	trust	NOUN
ftr-305	743	28	,	,	PUNCT
ftr-305	743	29	or	or	CCONJ
ftr-305	743	30	lapt	lapt	NOUN
ftr-305	743	31	,	,	PUNCT
ftr-305	743	32	but	but	CCONJ
ftr-305	743	33	to	to	ADP
ftr-305	743	34	the	the	DET
ftr-305	743	35	extent	extent	NOUN
ftr-305	743	36	there	there	PRON
ftr-305	743	37	are	be	VERB
ftr-305	743	38	5	5	NUM
ftr-305	743	39	percent	percent	NOUN
ftr-305	743	40	or	or	CCONJ
ftr-305	743	41	greater	great	ADJ
ftr-305	743	42	owners	owner	NOUN
ftr-305	743	43	of	of	ADP
ftr-305	743	44	the	the	DET
ftr-305	743	45	lapt	lapt	NOUN
ftr-305	743	46	,	,	PUNCT
ftr-305	743	47	it	it	PRON
ftr-305	743	48	applies	apply	VERB
ftr-305	743	49	the	the	DET
ftr-305	743	50	usual	usual	ADJ
ftr-305	743	51	treaty	treaty	NOUN
ftr-305	743	52	provisions	provision	NOUN
ftr-305	743	53	to	to	ADP
ftr-305	743	54	that	that	DET
ftr-305	743	55	part	part	NOUN
ftr-305	743	56	of	of	ADP
ftr-305	743	57	the	the	DET
ftr-305	743	58	dividend	dividend	NOUN
ftr-305	743	59	(	(	PUNCT
ftr-305	743	60	treating	treat	VERB
ftr-305	743	61	the	the	DET
ftr-305	743	62	shares	share	NOUN
ftr-305	743	63	held	hold	VERB
ftr-305	743	64	by	by	ADP
ftr-305	743	65	the	the	DET
ftr-305	743	66	2013	2013	NUM
ftr-305	743	67	]	]	PUNCT
ftr-305	743	68	suppose	suppose	VERB
ftr-305	743	69	firpta	firpta	NOUN
ftr-305	743	70	was	be	AUX
ftr-305	743	71	repealed	repeal	VERB
ftr-305	743	72	39	39	NUM
ftr-305	743	73	a	a	DET
ftr-305	743	74	5	5	NUM
ftr-305	743	75	percent	percent	NOUN
ftr-305	743	76	rate	rate	NOUN
ftr-305	743	77	and	and	CCONJ
ftr-305	743	78	for	for	ADP
ftr-305	743	79	restricting	restrict	VERB
ftr-305	743	80	the	the	DET
ftr-305	743	81	15	15	NUM
ftr-305	743	82	percent	percent	NOUN
ftr-305	743	83	rate	rate	NOUN
ftr-305	743	84	for	for	ADP
ftr-305	743	85	reit	reit	NOUN
ftr-305	743	86	dividends	dividend	NOUN
ftr-305	743	87	is	be	AUX
ftr-305	743	88	to	to	PART
ftr-305	743	89	reduce	reduce	VERB
ftr-305	743	90	the	the	DET
ftr-305	743	91	disparity	disparity	NOUN
ftr-305	743	92	in	in	ADP
ftr-305	743	93	the	the	DET
ftr-305	743	94	treatment	treatment	NOUN
ftr-305	743	95	of	of	ADP
ftr-305	743	96	current	current	ADJ
ftr-305	743	97	income	income	NOUN
ftr-305	743	98	from	from	ADP
ftr-305	743	99	a	a	DET
ftr-305	743	100	direct	direct	ADJ
ftr-305	743	101	investment	investment	NOUN
ftr-305	743	102	and	and	CCONJ
ftr-305	743	103	from	from	ADP
ftr-305	743	104	an	an	DET
ftr-305	743	105	investment	investment	NOUN
ftr-305	743	106	through	through	ADP
ftr-305	743	107	a	a	DET
ftr-305	743	108	reit.153	reit.153	NOUN
ftr-305	743	109	on	on	ADP
ftr-305	743	110	a	a	DET
ftr-305	743	111	somewhat	somewhat	ADV
ftr-305	743	112	different	different	ADJ
ftr-305	743	113	theory	theory	NOUN
ftr-305	743	114	—	—	PUNCT
ftr-305	743	115	that	that	SCONJ
ftr-305	743	116	“	"	PUNCT
ftr-305	743	117	small	small	ADJ
ftr-305	743	118	”	"	PUNCT
ftr-305	743	119	investments	investment	NOUN
ftr-305	743	120	in	in	ADP
ftr-305	743	121	reits	reit	NOUN
ftr-305	743	122	are	be	AUX
ftr-305	743	123	simply	simply	ADV
ftr-305	743	124	portfolio	portfolio	NOUN
ftr-305	743	125	investments	investment	NOUN
ftr-305	743	126	—	—	PUNCT
ftr-305	743	127	the	the	DET
ftr-305	743	128	oecd	oecd	PROPN
ftr-305	743	129	’s	’s	PART
ftr-305	743	130	model	model	NOUN
ftr-305	743	131	convention	convention	PROPN
ftr-305	743	132	on	on	ADP
ftr-305	743	133	income	income	NOUN
ftr-305	743	134	and	and	CCONJ
ftr-305	743	135	capital	capital	NOUN
ftr-305	743	136	seems	seem	VERB
ftr-305	743	137	also	also	ADV
ftr-305	743	138	to	to	PART
ftr-305	743	139	be	be	AUX
ftr-305	743	140	going	go	VERB
ftr-305	743	141	in	in	ADP
ftr-305	743	142	the	the	DET
ftr-305	743	143	direction	direction	NOUN
ftr-305	743	144	of	of	ADP
ftr-305	743	145	reducing	reduce	VERB
ftr-305	743	146	the	the	DET
ftr-305	743	147	tax	tax	NOUN
ftr-305	743	148	imposed	impose	VERB
ftr-305	743	149	on	on	ADP
ftr-305	743	150	dividends	dividend	NOUN
ftr-305	743	151	by	by	ADP
ftr-305	743	152	the	the	DET
ftr-305	743	153	country	country	NOUN
ftr-305	743	154	in	in	ADP
ftr-305	743	155	which	which	PRON
ftr-305	743	156	the	the	DET
ftr-305	743	157	reit	reit	NOUN
ftr-305	743	158	is	be	AUX
ftr-305	743	159	resident.154	resident.154	NOUN
ftr-305	743	160	lapt	lapt	ADJ
ftr-305	743	161	as	as	SCONJ
ftr-305	743	162	publicly	publicly	ADV
ftr-305	743	163	traded	trade	VERB
ftr-305	743	164	for	for	ADP
ftr-305	743	165	this	this	DET
ftr-305	743	166	purpose	purpose	NOUN
ftr-305	743	167	)	)	PUNCT
ftr-305	743	168	.	.	PUNCT
ftr-305	744	1	1982	1982	NUM
ftr-305	744	2	income	income	NOUN
ftr-305	744	3	tax	tax	NOUN
ftr-305	744	4	convention	convention	NOUN
ftr-305	744	5	,	,	PUNCT
ftr-305	744	6	u.s.austl	u.s.austl	NOUN
ftr-305	744	7	.	.	PUNCT
ftr-305	744	8	,	,	PUNCT
ftr-305	744	9	aug	aug	PROPN
ftr-305	744	10	.	.	PROPN
ftr-305	744	11	6	6	NUM
ftr-305	744	12	,	,	PUNCT
ftr-305	744	13	1982	1982	NUM
ftr-305	744	14	,	,	PUNCT
ftr-305	744	15	http://www.irs.gov/businesses/international-businesses/	http://www.irs.gov/businesses/international-businesses/	PROPN
ftr-305	744	16	australia	australia	NOUN
ftr-305	744	17	-	-	PUNCT
ftr-305	744	18	tax	tax	NOUN
ftr-305	744	19	-	-	PUNCT
ftr-305	744	20	treaty	treaty	NOUN
ftr-305	744	21	-	-	PUNCT
ftr-305	744	22	documents	document	NOUN
ftr-305	744	23	.	.	PUNCT
ftr-305	745	1	article	article	NOUN
ftr-305	745	2	10	10	NUM
ftr-305	745	3	of	of	ADP
ftr-305	745	4	the	the	DET
ftr-305	745	5	united	united	PROPN
ftr-305	745	6	states	states	PROPN
ftr-305	745	7	-	-	PUNCT
ftr-305	745	8	netherlands	netherlands	PROPN
ftr-305	745	9	treaty	treaty	NOUN
ftr-305	745	10	reduces	reduce	VERB
ftr-305	745	11	the	the	DET
ftr-305	745	12	rate	rate	NOUN
ftr-305	745	13	to	to	ADP
ftr-305	745	14	15	15	NUM
ftr-305	745	15	percent	percent	NOUN
ftr-305	745	16	for	for	ADP
ftr-305	745	17	dividends	dividend	NOUN
ftr-305	745	18	paid	pay	VERB
ftr-305	745	19	to	to	ADP
ftr-305	745	20	a	a	DET
ftr-305	745	21	belegginsinstelling	belegginsinstelling	NOUN
ftr-305	745	22	,	,	PUNCT
ftr-305	745	23	regardless	regardless	ADV
ftr-305	745	24	of	of	ADP
ftr-305	745	25	how	how	SCONJ
ftr-305	745	26	much	much	ADJ
ftr-305	745	27	of	of	ADP
ftr-305	745	28	the	the	DET
ftr-305	745	29	reit	reit	NOUN
ftr-305	745	30	it	it	PRON
ftr-305	745	31	owns	own	VERB
ftr-305	745	32	.	.	PUNCT
ftr-305	746	1	1992	1992	NUM
ftr-305	746	2	income	income	NOUN
ftr-305	746	3	tax	tax	NOUN
ftr-305	746	4	convention	convention	PROPN
ftr-305	746	5	,	,	PUNCT
ftr-305	746	6	u.s.-neth	u.s.-neth	PROPN
ftr-305	746	7	.	.	PROPN
ftr-305	746	8	,	,	PUNCT
ftr-305	746	9	dec	dec	PROPN
ftr-305	746	10	.	.	PROPN
ftr-305	746	11	18	18	NUM
ftr-305	746	12	,	,	PUNCT
ftr-305	746	13	1992	1992	NUM
ftr-305	746	14	,	,	PUNCT
ftr-305	746	15	http://www.irs.gov/businesses/international-businesses/netherlands--tax-treaty-documents	http://www.irs.gov/businesses/international-businesses/netherlands--tax-treaty-document	NOUN
ftr-305	746	16	.	.	PROPN
ftr-305	746	17	153	153	NUM
ftr-305	746	18	.	.	PUNCT
ftr-305	747	1	thus	thus	ADV
ftr-305	747	2	,	,	PUNCT
ftr-305	747	3	the	the	DET
ftr-305	747	4	treasury	treasury	PROPN
ftr-305	747	5	department	department	PROPN
ftr-305	747	6	’s	’s	PART
ftr-305	747	7	technical	technical	ADJ
ftr-305	747	8	explanation	explanation	NOUN
ftr-305	747	9	of	of	ADP
ftr-305	747	10	article	article	NOUN
ftr-305	747	11	10	10	NUM
ftr-305	747	12	of	of	ADP
ftr-305	747	13	the	the	DET
ftr-305	747	14	2006	2006	NUM
ftr-305	747	15	model	model	NOUN
ftr-305	747	16	,	,	PUNCT
ftr-305	747	17	which	which	PRON
ftr-305	747	18	is	be	AUX
ftr-305	747	19	somewhat	somewhat	ADV
ftr-305	747	20	muddled	muddled	ADJ
ftr-305	747	21	because	because	SCONJ
ftr-305	747	22	it	it	PRON
ftr-305	747	23	confuses	confuse	VERB
ftr-305	747	24	the	the	DET
ftr-305	747	25	taxation	taxation	NOUN
ftr-305	747	26	of	of	ADP
ftr-305	747	27	current	current	ADJ
ftr-305	747	28	income	income	NOUN
ftr-305	747	29	and	and	CCONJ
ftr-305	747	30	gain	gain	VERB
ftr-305	747	31	from	from	ADP
ftr-305	747	32	a	a	DET
ftr-305	747	33	disposition	disposition	NOUN
ftr-305	747	34	,	,	PUNCT
ftr-305	747	35	says	say	VERB
ftr-305	747	36	that	that	SCONJ
ftr-305	747	37	the	the	DET
ftr-305	747	38	“	"	PUNCT
ftr-305	747	39	restrictions	restriction	NOUN
ftr-305	747	40	[	[	X
ftr-305	747	41	on	on	ADP
ftr-305	747	42	the	the	DET
ftr-305	747	43	reductions	reduction	NOUN
ftr-305	747	44	in	in	ADP
ftr-305	747	45	withholding	withhold	VERB
ftr-305	747	46	tax	tax	NOUN
ftr-305	747	47	on	on	ADP
ftr-305	747	48	dividends	dividend	NOUN
ftr-305	747	49	paid	pay	VERB
ftr-305	747	50	by	by	ADP
ftr-305	747	51	a	a	DET
ftr-305	747	52	ric	ric	NOUN
ftr-305	747	53	or	or	CCONJ
ftr-305	747	54	reit	reit	NOUN
ftr-305	747	55	]	]	PUNCT
ftr-305	747	56	.	.	PUNCT
ftr-305	747	57	.	.	PUNCT
ftr-305	748	1	.	.	PUNCT
ftr-305	749	1	are	be	AUX
ftr-305	749	2	intended	intend	VERB
ftr-305	749	3	to	to	PART
ftr-305	749	4	prevent	prevent	VERB
ftr-305	749	5	the	the	DET
ftr-305	749	6	use	use	NOUN
ftr-305	749	7	of	of	ADP
ftr-305	749	8	[	[	X
ftr-305	749	9	reits	reit	NOUN
ftr-305	749	10	or	or	CCONJ
ftr-305	749	11	rics	ric	NOUN
ftr-305	749	12	]	]	PUNCT
ftr-305	749	13	to	to	PART
ftr-305	749	14	gain	gain	VERB
ftr-305	749	15	inappropriate	inappropriate	ADJ
ftr-305	749	16	u.s	u.s	PROPN
ftr-305	749	17	.	.	PROPN
ftr-305	749	18	tax	tax	NOUN
ftr-305	749	19	benefits	benefit	NOUN
ftr-305	749	20	.	.	PUNCT
ftr-305	749	21	.	.	PUNCT
ftr-305	749	22	.	.	PUNCT
ftr-305	749	23	.	.	PUNCT
ftr-305	750	1	[	[	X
ftr-305	750	2	a	a	X
ftr-305	750	3	]	]	X
ftr-305	750	4	resident	resident	NOUN
ftr-305	750	5	of	of	ADP
ftr-305	750	6	the	the	DET
ftr-305	750	7	other	other	ADJ
ftr-305	750	8	contracting	contracting	NOUN
ftr-305	750	9	state	state	NOUN
ftr-305	750	10	directly	directly	ADV
ftr-305	750	11	holding	hold	VERB
ftr-305	750	12	u.s	u.s	PROPN
ftr-305	750	13	.	.	PROPN
ftr-305	750	14	real	real	ADJ
ftr-305	750	15	property	property	NOUN
ftr-305	750	16	would	would	AUX
ftr-305	750	17	pay	pay	VERB
ftr-305	750	18	u.s	u.s	PROPN
ftr-305	750	19	.	.	PROPN
ftr-305	750	20	tax	tax	NOUN
ftr-305	750	21	upon	upon	SCONJ
ftr-305	750	22	the	the	DET
ftr-305	750	23	sale	sale	NOUN
ftr-305	750	24	of	of	ADP
ftr-305	750	25	the	the	DET
ftr-305	750	26	property	property	NOUN
ftr-305	750	27	either	either	CCONJ
ftr-305	750	28	at	at	ADP
ftr-305	750	29	a	a	DET
ftr-305	750	30	30	30	NUM
ftr-305	750	31	percent	percent	NOUN
ftr-305	750	32	rate	rate	NOUN
ftr-305	750	33	of	of	ADP
ftr-305	750	34	withholding	withholding	NOUN
ftr-305	750	35	tax	tax	NOUN
ftr-305	750	36	on	on	ADP
ftr-305	750	37	the	the	DET
ftr-305	750	38	gross	gross	ADJ
ftr-305	750	39	income	income	NOUN
ftr-305	750	40	or	or	CCONJ
ftr-305	750	41	at	at	ADP
ftr-305	750	42	graduated	graduate	VERB
ftr-305	750	43	rates	rate	NOUN
ftr-305	750	44	on	on	ADP
ftr-305	750	45	the	the	DET
ftr-305	750	46	net	net	ADJ
ftr-305	750	47	income	income	NOUN
ftr-305	750	48	.	.	PUNCT
ftr-305	750	49	.	.	PUNCT
ftr-305	750	50	.	.	PUNCT
ftr-305	750	51	.	.	PUNCT
ftr-305	751	1	[	[	X
ftr-305	751	2	b]y	b]y	NOUN
ftr-305	751	3	placing	place	VERB
ftr-305	751	4	the	the	DET
ftr-305	751	5	real	real	ADJ
ftr-305	751	6	property	property	NOUN
ftr-305	751	7	in	in	ADP
ftr-305	751	8	a	a	DET
ftr-305	751	9	reit	reit	NOUN
ftr-305	751	10	,	,	PUNCT
ftr-305	751	11	[	[	X
ftr-305	751	12	a	a	DET
ftr-305	751	13	foreign	foreign	ADJ
ftr-305	751	14	]	]	X
ftr-305	751	15	investor	investor	NOUN
ftr-305	751	16	could	could	AUX
ftr-305	751	17	,	,	PUNCT
ftr-305	751	18	absent	absent	VERB
ftr-305	751	19	a	a	DET
ftr-305	751	20	special	special	ADJ
ftr-305	751	21	rule	rule	NOUN
ftr-305	751	22	,	,	PUNCT
ftr-305	751	23	transform	transform	VERB
ftr-305	751	24	income	income	NOUN
ftr-305	751	25	from	from	ADP
ftr-305	751	26	the	the	DET
ftr-305	751	27	sale	sale	NOUN
ftr-305	751	28	of	of	ADP
ftr-305	751	29	real	real	ADJ
ftr-305	751	30	estate	estate	NOUN
ftr-305	751	31	into	into	ADP
ftr-305	751	32	dividend	dividend	NOUN
ftr-305	751	33	income	income	NOUN
ftr-305	751	34	from	from	ADP
ftr-305	751	35	the	the	DET
ftr-305	751	36	reit	reit	NOUN
ftr-305	751	37	,	,	PUNCT
ftr-305	751	38	taxable	taxable	ADJ
ftr-305	751	39	at	at	ADP
ftr-305	751	40	the	the	DET
ftr-305	751	41	rates	rate	NOUN
ftr-305	751	42	provided	provide	VERB
ftr-305	751	43	in	in	ADP
ftr-305	751	44	[	[	PUNCT
ftr-305	751	45	the	the	DET
ftr-305	751	46	dividend	dividend	NOUN
ftr-305	751	47	article	article	NOUN
ftr-305	751	48	of	of	ADP
ftr-305	751	49	the	the	DET
ftr-305	751	50	model	model	NOUN
ftr-305	751	51	treaty	treaty	PROPN
ftr-305	751	52	]	]	PUNCT
ftr-305	751	53	,	,	PUNCT
ftr-305	751	54	significantly	significantly	ADV
ftr-305	751	55	reducing	reduce	VERB
ftr-305	751	56	the	the	DET
ftr-305	751	57	u.s	u.s	PROPN
ftr-305	751	58	.	.	PROPN
ftr-305	751	59	tax	tax	NOUN
ftr-305	751	60	that	that	PRON
ftr-305	751	61	otherwise	otherwise	ADV
ftr-305	751	62	would	would	AUX
ftr-305	751	63	be	be	AUX
ftr-305	751	64	imposed	impose	VERB
ftr-305	751	65	.	.	PUNCT
ftr-305	752	1	paragraph	paragraph	NOUN
ftr-305	752	2	4	4	NUM
ftr-305	753	1	[	[	X
ftr-305	753	2	of	of	ADP
ftr-305	753	3	that	that	DET
ftr-305	753	4	article	article	NOUN
ftr-305	753	5	]	]	PUNCT
ftr-305	753	6	prevents	prevent	VERB
ftr-305	753	7	this	this	DET
ftr-305	753	8	result	result	NOUN
ftr-305	753	9	and	and	CCONJ
ftr-305	753	10	thereby	thereby	ADV
ftr-305	753	11	avoids	avoid	VERB
ftr-305	753	12	a	a	DET
ftr-305	753	13	disparity	disparity	NOUN
ftr-305	753	14	between	between	ADP
ftr-305	753	15	the	the	DET
ftr-305	753	16	taxation	taxation	NOUN
ftr-305	753	17	of	of	ADP
ftr-305	753	18	direct	direct	ADJ
ftr-305	753	19	real	real	ADJ
ftr-305	753	20	estate	estate	NOUN
ftr-305	753	21	investments	investment	NOUN
ftr-305	753	22	and	and	CCONJ
ftr-305	753	23	real	real	ADJ
ftr-305	753	24	estate	estate	NOUN
ftr-305	753	25	investments	investment	NOUN
ftr-305	753	26	made	make	VERB
ftr-305	753	27	through	through	ADP
ftr-305	753	28	reit	reit	NOUN
ftr-305	753	29	conduits	conduit	NOUN
ftr-305	753	30	.	.	PUNCT
ftr-305	754	1	in	in	ADP
ftr-305	754	2	the	the	DET
ftr-305	754	3	cases	case	NOUN
ftr-305	754	4	in	in	ADP
ftr-305	754	5	which	which	PRON
ftr-305	754	6	paragraph	paragraph	NOUN
ftr-305	754	7	4	4	NUM
ftr-305	754	8	allows	allow	VERB
ftr-305	754	9	a	a	DET
ftr-305	754	10	dividend	dividend	NOUN
ftr-305	754	11	from	from	ADP
ftr-305	754	12	a	a	DET
ftr-305	754	13	reit	reit	NOUN
ftr-305	754	14	to	to	PART
ftr-305	754	15	be	be	AUX
ftr-305	754	16	eligible	eligible	ADJ
ftr-305	754	17	for	for	ADP
ftr-305	754	18	the	the	DET
ftr-305	754	19	15	15	NUM
ftr-305	754	20	percent	percent	NOUN
ftr-305	754	21	rate	rate	NOUN
ftr-305	754	22	of	of	ADP
ftr-305	754	23	withholding	withholding	NOUN
ftr-305	754	24	tax	tax	NOUN
ftr-305	754	25	,	,	PUNCT
ftr-305	754	26	the	the	DET
ftr-305	754	27	holding	holding	NOUN
ftr-305	754	28	in	in	ADP
ftr-305	754	29	the	the	DET
ftr-305	754	30	reit	reit	NOUN
ftr-305	754	31	is	be	AUX
ftr-305	754	32	not	not	PART
ftr-305	754	33	considered	consider	VERB
ftr-305	754	34	the	the	DET
ftr-305	754	35	equivalent	equivalent	NOUN
ftr-305	754	36	of	of	ADP
ftr-305	754	37	a	a	DET
ftr-305	754	38	direct	direct	ADJ
ftr-305	754	39	holding	holding	NOUN
ftr-305	754	40	in	in	ADP
ftr-305	754	41	the	the	DET
ftr-305	754	42	underlying	underlie	VERB
ftr-305	754	43	real	real	ADJ
ftr-305	754	44	property	property	NOUN
ftr-305	754	45	.	.	PUNCT
ftr-305	754	46	”	"	PUNCT
ftr-305	755	1	u.s	u.s	PROPN
ftr-305	755	2	.	.	PROPN
ftr-305	755	3	dep’t	dep’t	NOUN
ftr-305	755	4	of	of	ADP
ftr-305	755	5	the	the	DET
ftr-305	755	6	treasury	treasury	PROPN
ftr-305	755	7	,	,	PUNCT
ftr-305	755	8	united	united	PROPN
ftr-305	755	9	states	states	PROPN
ftr-305	755	10	model	model	PROPN
ftr-305	755	11	technical	technical	ADJ
ftr-305	755	12	explanation	explanation	NOUN
ftr-305	755	13	accompanying	accompany	VERB
ftr-305	755	14	the	the	DET
ftr-305	755	15	united	united	PROPN
ftr-305	755	16	states	states	PROPN
ftr-305	755	17	model	model	PROPN
ftr-305	755	18	income	income	PROPN
ftr-305	755	19	tax	tax	PROPN
ftr-305	755	20	convention	convention	PROPN
ftr-305	755	21	of	of	ADP
ftr-305	755	22	november	november	PROPN
ftr-305	755	23	15	15	NUM
ftr-305	755	24	,	,	PUNCT
ftr-305	755	25	2006	2006	NUM
ftr-305	755	26	,	,	PUNCT
ftr-305	755	27	at	at	ADP
ftr-305	755	28	36	36	NUM
ftr-305	755	29	,	,	PUNCT
ftr-305	755	30	(	(	PUNCT
ftr-305	755	31	nov	nov	PROPN
ftr-305	755	32	.	.	PROPN
ftr-305	755	33	15	15	NUM
ftr-305	755	34	,	,	PUNCT
ftr-305	755	35	2006	2006	NUM
ftr-305	755	36	)	)	PUNCT
ftr-305	755	37	,	,	PUNCT
ftr-305	755	38	http://www.treasury.gov/press-center/press-releases/documents/hp16802.pdf	http://www.treasury.gov/press-center/press-releases/documents/hp16802.pdf	PROPN
ftr-305	755	39	.	.	PUNCT
ftr-305	755	40	154	154	NUM
ftr-305	755	41	.	.	PUNCT
ftr-305	756	1	the	the	DET
ftr-305	756	2	july	july	PROPN
ftr-305	756	3	2008	2008	NUM
ftr-305	756	4	version	version	NOUN
ftr-305	756	5	of	of	ADP
ftr-305	756	6	the	the	DET
ftr-305	756	7	oecd	oecd	PROPN
ftr-305	756	8	model	model	PROPN
ftr-305	756	9	tax	tax	PROPN
ftr-305	756	10	convention	convention	NOUN
ftr-305	756	11	on	on	ADP
ftr-305	756	12	income	income	NOUN
ftr-305	756	13	and	and	CCONJ
ftr-305	756	14	on	on	ADP
ftr-305	756	15	capital	capital	NOUN
ftr-305	756	16	took	take	VERB
ftr-305	756	17	the	the	DET
ftr-305	756	18	view	view	NOUN
ftr-305	756	19	that	that	SCONJ
ftr-305	756	20	reit	reit	NOUN
ftr-305	756	21	distributions	distribution	NOUN
ftr-305	756	22	to	to	ADP
ftr-305	756	23	“	"	PUNCT
ftr-305	756	24	small	small	ADJ
ftr-305	756	25	investors	investor	NOUN
ftr-305	756	26	”	"	PUNCT
ftr-305	756	27	might	might	AUX
ftr-305	756	28	be	be	AUX
ftr-305	756	29	considered	consider	VERB
ftr-305	756	30	portfolio	portfolio	NOUN
ftr-305	756	31	dividends	dividend	NOUN
ftr-305	756	32	,	,	PUNCT
ftr-305	756	33	i.e.	i.e.	X
ftr-305	756	34	,	,	PUNCT
ftr-305	756	35	not	not	PART
ftr-305	756	36	dividends	dividend	NOUN
ftr-305	756	37	from	from	ADP
ftr-305	756	38	an	an	DET
ftr-305	756	39	investment	investment	NOUN
ftr-305	756	40	in	in	ADP
ftr-305	756	41	immovable	immovable	ADJ
ftr-305	756	42	property	property	NOUN
ftr-305	756	43	,	,	PUNCT
ftr-305	756	44	but	but	CCONJ
ftr-305	756	45	that	that	SCONJ
ftr-305	756	46	it	it	PRON
ftr-305	756	47	“	"	PUNCT
ftr-305	756	48	would	would	AUX
ftr-305	756	49	not	not	PART
ftr-305	756	50	seem	seem	VERB
ftr-305	756	51	appropriate	appropriate	ADJ
ftr-305	756	52	to	to	PART
ftr-305	756	53	restrict	restrict	VERB
ftr-305	756	54	the	the	DET
ftr-305	756	55	source	source	NOUN
ftr-305	756	56	taxation	taxation	NOUN
ftr-305	756	57	of	of	ADP
ftr-305	756	58	”	"	PUNCT
ftr-305	756	59	reit	reit	NOUN
ftr-305	756	60	dividends	dividend	NOUN
ftr-305	756	61	in	in	ADP
ftr-305	756	62	the	the	DET
ftr-305	756	63	case	case	NOUN
ftr-305	756	64	of	of	ADP
ftr-305	756	65	a	a	DET
ftr-305	756	66	“	"	PUNCT
ftr-305	756	67	larger	large	ADJ
ftr-305	756	68	investor	investor	NOUN
ftr-305	756	69	.	.	PUNCT
ftr-305	756	70	”	"	PUNCT
ftr-305	757	1	it	it	PRON
ftr-305	757	2	thus	thus	ADV
ftr-305	757	3	suggested	suggest	VERB
ftr-305	757	4	that	that	SCONJ
ftr-305	757	5	states	state	NOUN
ftr-305	757	6	which	which	PRON
ftr-305	757	7	agreed	agree	VERB
ftr-305	757	8	might	might	AUX
ftr-305	757	9	extend	extend	VERB
ftr-305	757	10	the	the	DET
ftr-305	757	11	15	15	NUM
ftr-305	757	12	percent	percent	NOUN
ftr-305	757	13	withholding	withholding	NOUN
ftr-305	757	14	tax	tax	NOUN
ftr-305	757	15	rate	rate	NOUN
ftr-305	757	16	to	to	ADP
ftr-305	757	17	distributions	distribution	NOUN
ftr-305	757	18	by	by	ADP
ftr-305	757	19	a	a	DET
ftr-305	757	20	reit	reit	NOUN
ftr-305	757	21	to	to	ADP
ftr-305	757	22	a	a	DET
ftr-305	757	23	shareholder	shareholder	NOUN
ftr-305	757	24	that	that	PRON
ftr-305	757	25	held	hold	VERB
ftr-305	757	26	“	"	PUNCT
ftr-305	757	27	directly	directly	ADV
ftr-305	757	28	or	or	CCONJ
ftr-305	757	29	indirectly	indirectly	ADV
ftr-305	757	30	”	"	PUNCT
ftr-305	757	31	at	at	ADV
ftr-305	757	32	least	least	ADV
ftr-305	757	33	10	10	NUM
ftr-305	757	34	percent	percent	NOUN
ftr-305	757	35	of	of	ADP
ftr-305	757	36	the	the	DET
ftr-305	757	37	value	value	NOUN
ftr-305	757	38	of	of	ADP
ftr-305	757	39	the	the	DET
ftr-305	757	40	capital	capital	NOUN
ftr-305	757	41	of	of	ADP
ftr-305	757	42	the	the	DET
ftr-305	757	43	reit	reit	NOUN
ftr-305	757	44	and	and	CCONJ
ftr-305	757	45	that	that	SCONJ
ftr-305	757	46	this	this	PRON
ftr-305	757	47	might	might	AUX
ftr-305	757	48	apply	apply	VERB
ftr-305	757	49	to	to	ADP
ftr-305	757	50	capital	capital	NOUN
ftr-305	757	51	gain	gain	NOUN
ftr-305	757	52	as	as	ADV
ftr-305	757	53	well	well	ADV
ftr-305	757	54	as	as	ADP
ftr-305	757	55	other	other	ADJ
ftr-305	757	56	distributions	distribution	NOUN
ftr-305	757	57	.	.	PUNCT
ftr-305	758	1	organization	organization	NOUN
ftr-305	758	2	for	for	ADP
ftr-305	758	3	economic	economic	ADJ
ftr-305	758	4	co	co	NOUN
ftr-305	758	5	-	-	NOUN
ftr-305	758	6	operation	operation	NOUN
ftr-305	758	7	and	and	CCONJ
ftr-305	758	8	development	development	NOUN
ftr-305	758	9	,	,	PUNCT
ftr-305	758	10	model	model	NOUN
ftr-305	758	11	tax	tax	NOUN
ftr-305	758	12	convention	convention	NOUN
ftr-305	758	13	on	on	ADP
ftr-305	758	14	income	income	NOUN
ftr-305	758	15	and	and	CCONJ
ftr-305	758	16	on	on	ADP
ftr-305	758	17	capital	capital	NOUN
ftr-305	758	18	,	,	PUNCT
ftr-305	758	19	art	art	NOUN
ftr-305	758	20	.	.	PUNCT
ftr-305	759	1	10	10	NUM
ftr-305	759	2	,	,	PUNCT
ftr-305	759	3	¶	¶	NOUN
ftr-305	759	4	67.3	67.3	NUM
ftr-305	759	5	,	,	PUNCT
ftr-305	759	6	67.4	67.4	NUM
ftr-305	759	7	(	(	PUNCT
ftr-305	759	8	july	july	PROPN
ftr-305	759	9	17	17	NUM
ftr-305	759	10	,	,	PUNCT
ftr-305	759	11	2008	2008	NUM
ftr-305	759	12	)	)	PUNCT
ftr-305	759	13	.	.	PUNCT
ftr-305	760	1	the	the	DET
ftr-305	760	2	commentary	commentary	NOUN
ftr-305	760	3	to	to	ADP
ftr-305	760	4	article	article	NOUN
ftr-305	760	5	13	13	NUM
ftr-305	760	6	(	(	PUNCT
ftr-305	760	7	gains	gain	NOUN
ftr-305	760	8	)	)	PUNCT
ftr-305	760	9	also	also	ADV
ftr-305	760	10	suggests	suggest	VERB
ftr-305	760	11	that	that	SCONJ
ftr-305	760	12	states	state	NOUN
ftr-305	760	13	may	may	AUX
ftr-305	760	14	want	want	VERB
ftr-305	760	15	to	to	PART
ftr-305	760	16	exempt	exempt	VERB
ftr-305	760	17	from	from	ADP
ftr-305	760	18	tax	tax	NOUN
ftr-305	760	19	the	the	DET
ftr-305	760	20	gain	gain	NOUN
ftr-305	760	21	of	of	ADP
ftr-305	760	22	a	a	DET
ftr-305	760	23	small	small	ADJ
ftr-305	760	24	foreign	foreign	ADJ
ftr-305	760	25	investor	investor	NOUN
ftr-305	760	26	from	from	ADP
ftr-305	760	27	the	the	DET
ftr-305	760	28	sale	sale	NOUN
ftr-305	760	29	of	of	ADP
ftr-305	760	30	an	an	DET
ftr-305	760	31	interest	interest	NOUN
ftr-305	760	32	in	in	ADP
ftr-305	760	33	a	a	DET
ftr-305	760	34	reit	reit	NOUN
ftr-305	760	35	,	,	PUNCT
ftr-305	761	1	40	40	NUM
ftr-305	761	2	florida	florida	PROPN
ftr-305	761	3	tax	tax	NOUN
ftr-305	761	4	review	review	NOUN
ftr-305	761	5	[	[	X
ftr-305	761	6	vol	vol	NOUN
ftr-305	761	7	.	.	PUNCT
ftr-305	762	1	14:1	14:1	NUM
ftr-305	762	2	repeal	repeal	NOUN
ftr-305	762	3	of	of	ADP
ftr-305	762	4	firpta	firpta	NOUN
ftr-305	762	5	would	would	AUX
ftr-305	762	6	eliminate	eliminate	VERB
ftr-305	762	7	the	the	DET
ftr-305	762	8	need	need	NOUN
ftr-305	762	9	to	to	PART
ftr-305	762	10	exclude	exclude	VERB
ftr-305	762	11	shares	share	NOUN
ftr-305	762	12	of	of	ADP
ftr-305	762	13	usrphcs	usrphcs	NOUN
ftr-305	762	14	,	,	PUNCT
ftr-305	762	15	and	and	CCONJ
ftr-305	762	16	the	the	DET
ftr-305	762	17	other	other	ADJ
ftr-305	762	18	country	country	NOUN
ftr-305	762	19	’s	’s	PART
ftr-305	762	20	equivalent	equivalent	ADJ
ftr-305	762	21	,	,	PUNCT
ftr-305	762	22	if	if	SCONJ
ftr-305	762	23	any	any	PRON
ftr-305	762	24	,	,	PUNCT
ftr-305	762	25	from	from	ADP
ftr-305	762	26	treaty	treaty	NOUN
ftr-305	762	27	provisions	provision	NOUN
ftr-305	762	28	that	that	PRON
ftr-305	762	29	exempt	exempt	VERB
ftr-305	762	30	gains	gain	NOUN
ftr-305	762	31	from	from	ADP
ftr-305	762	32	the	the	DET
ftr-305	762	33	sales	sale	NOUN
ftr-305	762	34	of	of	ADP
ftr-305	762	35	shares	share	NOUN
ftr-305	762	36	from	from	ADP
ftr-305	762	37	tax	tax	NOUN
ftr-305	762	38	in	in	ADP
ftr-305	762	39	the	the	DET
ftr-305	762	40	country	country	NOUN
ftr-305	762	41	in	in	ADP
ftr-305	762	42	which	which	PRON
ftr-305	762	43	the	the	DET
ftr-305	762	44	corporation	corporation	NOUN
ftr-305	762	45	is	be	AUX
ftr-305	762	46	resident	resident	ADJ
ftr-305	762	47	.	.	PUNCT
ftr-305	763	1	repeal	repeal	NOUN
ftr-305	763	2	might	might	AUX
ftr-305	763	3	also	also	ADV
ftr-305	763	4	open	open	VERB
ftr-305	763	5	up	up	ADP
ftr-305	763	6	the	the	DET
ftr-305	763	7	question	question	NOUN
ftr-305	763	8	of	of	ADP
ftr-305	763	9	whether	whether	SCONJ
ftr-305	763	10	the	the	DET
ftr-305	763	11	united	united	PROPN
ftr-305	763	12	states	states	PROPN
ftr-305	763	13	should	should	AUX
ftr-305	763	14	tax	tax	VERB
ftr-305	763	15	rents	rent	NOUN
ftr-305	763	16	and	and	CCONJ
ftr-305	763	17	royalties	royalty	NOUN
ftr-305	763	18	and	and	CCONJ
ftr-305	763	19	other	other	ADJ
ftr-305	763	20	income	income	NOUN
ftr-305	763	21	from	from	ADP
ftr-305	763	22	real	real	ADJ
ftr-305	763	23	property	property	NOUN
ftr-305	763	24	that	that	PRON
ftr-305	763	25	is	be	AUX
ftr-305	763	26	not	not	PART
ftr-305	763	27	effectively	effectively	ADV
ftr-305	763	28	connected	connect	VERB
ftr-305	763	29	with	with	ADP
ftr-305	763	30	a	a	DET
ftr-305	763	31	u.s	u.s	PROPN
ftr-305	763	32	.	.	PROPN
ftr-305	763	33	trade	trade	NOUN
ftr-305	763	34	or	or	CCONJ
ftr-305	763	35	business	business	NOUN
ftr-305	763	36	at	at	ADP
ftr-305	763	37	a	a	DET
ftr-305	763	38	30	30	NUM
ftr-305	763	39	percent	percent	NOUN
ftr-305	763	40	rate	rate	NOUN
ftr-305	763	41	rather	rather	ADV
ftr-305	763	42	than	than	ADP
ftr-305	763	43	a	a	DET
ftr-305	763	44	lower	low	ADJ
ftr-305	763	45	rate	rate	NOUN
ftr-305	763	46	.	.	PUNCT
ftr-305	764	1	before	before	ADP
ftr-305	764	2	firpta	firpta	NOUN
ftr-305	764	3	,	,	PUNCT
ftr-305	764	4	there	there	PRON
ftr-305	764	5	were	be	VERB
ftr-305	764	6	treaties	treaty	NOUN
ftr-305	764	7	that	that	PRON
ftr-305	764	8	reduced	reduce	VERB
ftr-305	764	9	the	the	DET
ftr-305	764	10	rate	rate	NOUN
ftr-305	764	11	to	to	ADP
ftr-305	764	12	15	15	NUM
ftr-305	764	13	percent.155	percent.155	NOUN
ftr-305	764	14	other	other	ADJ
ftr-305	764	15	u.s	u.s	PROPN
ftr-305	764	16	.	.	PROPN
ftr-305	764	17	source	source	NOUN
ftr-305	764	18	income	income	NOUN
ftr-305	764	19	from	from	ADP
ftr-305	764	20	capital	capital	NOUN
ftr-305	764	21	—	—	PUNCT
ftr-305	764	22	interest	interest	NOUN
ftr-305	764	23	,	,	PUNCT
ftr-305	764	24	royalties	royalty	NOUN
ftr-305	764	25	for	for	ADP
ftr-305	764	26	the	the	DET
ftr-305	764	27	use	use	NOUN
ftr-305	764	28	of	of	ADP
ftr-305	764	29	intangible	intangible	ADJ
ftr-305	764	30	property	property	NOUN
ftr-305	764	31	,	,	PUNCT
ftr-305	764	32	dividends	dividend	NOUN
ftr-305	764	33	—	—	PUNCT
ftr-305	764	34	generally	generally	ADV
ftr-305	764	35	benefit	benefit	VERB
ftr-305	764	36	from	from	ADP
ftr-305	764	37	the	the	DET
ftr-305	764	38	elimination	elimination	NOUN
ftr-305	764	39	or	or	CCONJ
ftr-305	764	40	reduction	reduction	NOUN
ftr-305	764	41	in	in	ADP
ftr-305	764	42	withholding	withholding	NOUN
ftr-305	764	43	taxes	taxis	NOUN
ftr-305	764	44	.	.	PUNCT
ftr-305	765	1	why	why	SCONJ
ftr-305	765	2	should	should	AUX
ftr-305	765	3	n’t	n’t	VERB
ftr-305	765	4	the	the	DET
ftr-305	765	5	same	same	ADJ
ftr-305	765	6	principal	principal	NOUN
ftr-305	765	7	be	be	AUX
ftr-305	765	8	considered	consider	VERB
ftr-305	765	9	in	in	ADP
ftr-305	765	10	the	the	DET
ftr-305	765	11	case	case	NOUN
ftr-305	765	12	of	of	ADP
ftr-305	765	13	real	real	ADJ
ftr-305	765	14	estate	estate	NOUN
ftr-305	765	15	?	?	PUNCT
ftr-305	766	1	if	if	SCONJ
ftr-305	766	2	repeal	repeal	NOUN
ftr-305	766	3	of	of	ADP
ftr-305	766	4	firpta	firpta	NOUN
ftr-305	766	5	led	lead	VERB
ftr-305	766	6	to	to	ADP
ftr-305	766	7	a	a	DET
ftr-305	766	8	review	review	NOUN
ftr-305	766	9	of	of	ADP
ftr-305	766	10	the	the	DET
ftr-305	766	11	treatment	treatment	NOUN
ftr-305	766	12	of	of	ADP
ftr-305	766	13	inward	inward	ADJ
ftr-305	766	14	investment	investment	NOUN
ftr-305	766	15	generally	generally	ADV
ftr-305	766	16	,	,	PUNCT
ftr-305	766	17	and	and	CCONJ
ftr-305	766	18	was	be	AUX
ftr-305	766	19	not	not	PART
ftr-305	766	20	limited	limit	VERB
ftr-305	766	21	to	to	ADP
ftr-305	766	22	foreign	foreign	ADJ
ftr-305	766	23	investment	investment	NOUN
ftr-305	766	24	in	in	ADP
ftr-305	766	25	u.s	u.s	PROPN
ftr-305	766	26	.	.	PROPN
ftr-305	766	27	real	real	ADJ
ftr-305	766	28	property	property	NOUN
ftr-305	766	29	,	,	PUNCT
ftr-305	766	30	would	would	AUX
ftr-305	766	31	it	it	PRON
ftr-305	766	32	make	make	VERB
ftr-305	766	33	sense	sense	NOUN
ftr-305	766	34	to	to	PART
ftr-305	766	35	consider	consider	VERB
ftr-305	766	36	the	the	DET
ftr-305	766	37	rates	rate	NOUN
ftr-305	766	38	of	of	ADP
ftr-305	766	39	withholding	withhold	VERB
ftr-305	766	40	on	on	ADP
ftr-305	766	41	,	,	PUNCT
ftr-305	766	42	and	and	CCONJ
ftr-305	766	43	the	the	DET
ftr-305	766	44	deductions	deduction	NOUN
ftr-305	766	45	allowed	allow	VERB
ftr-305	766	46	to	to	ADP
ftr-305	766	47	u.s	u.s	PROPN
ftr-305	766	48	.	.	PROPN
ftr-305	766	49	persons	person	NOUN
ftr-305	766	50	for	for	ADP
ftr-305	766	51	,	,	PUNCT
ftr-305	766	52	interest	interest	NOUN
ftr-305	766	53	,	,	PUNCT
ftr-305	766	54	royalties	royalty	NOUN
ftr-305	766	55	(	(	PUNCT
ftr-305	766	56	both	both	PRON
ftr-305	766	57	for	for	ADP
ftr-305	766	58	minerals	mineral	NOUN
ftr-305	766	59	and	and	CCONJ
ftr-305	766	60	intangibles	intangible	NOUN
ftr-305	766	61	)	)	PUNCT
ftr-305	766	62	,	,	PUNCT
ftr-305	766	63	and	and	CCONJ
ftr-305	766	64	other	other	ADJ
ftr-305	766	65	payments	payment	NOUN
ftr-305	766	66	made	make	VERB
ftr-305	766	67	to	to	PART
ftr-305	766	68	related	relate	VERB
ftr-305	766	69	foreign	foreign	ADJ
ftr-305	766	70	persons	person	NOUN
ftr-305	766	71	?	?	PUNCT
ftr-305	767	1	the	the	DET
ftr-305	767	2	mobility	mobility	NOUN
ftr-305	767	3	of	of	ADP
ftr-305	767	4	capital	capital	NOUN
ftr-305	767	5	and	and	CCONJ
ftr-305	767	6	of	of	ADP
ftr-305	767	7	intangibles	intangible	NOUN
ftr-305	767	8	has	have	AUX
ftr-305	767	9	plainly	plainly	ADV
ftr-305	767	10	enabled	enable	VERB
ftr-305	767	11	u.s	u.s	PROPN
ftr-305	767	12	.	.	PROPN
ftr-305	767	13	corporations	corporation	NOUN
ftr-305	767	14	to	to	PART
ftr-305	767	15	reduce	reduce	VERB
ftr-305	767	16	taxes	taxis	NOUN
ftr-305	767	17	imposed	impose	VERB
ftr-305	767	18	by	by	ADP
ftr-305	767	19	the	the	DET
ftr-305	767	20	country	country	NOUN
ftr-305	767	21	of	of	ADP
ftr-305	767	22	use	use	NOUN
ftr-305	767	23	or	or	CCONJ
ftr-305	767	24	consumption	consumption	NOUN
ftr-305	767	25	,	,	PUNCT
ftr-305	767	26	as	as	ADV
ftr-305	767	27	well	well	ADV
ftr-305	767	28	as	as	ADP
ftr-305	767	29	by	by	ADP
ftr-305	767	30	the	the	DET
ftr-305	767	31	united	united	PROPN
ftr-305	767	32	states,156	states,156	PROPN
ftr-305	767	33	and	and	CCONJ
ftr-305	767	34	there	there	PRON
ftr-305	767	35	is	be	VERB
ftr-305	767	36	every	every	DET
ftr-305	767	37	reason	reason	NOUN
ftr-305	767	38	to	to	PART
ftr-305	767	39	believe	believe	VERB
ftr-305	767	40	that	that	SCONJ
ftr-305	767	41	foreign	foreign	ADJ
ftr-305	767	42	corporations	corporation	NOUN
ftr-305	767	43	investing	invest	VERB
ftr-305	767	44	in	in	ADP
ftr-305	767	45	the	the	DET
ftr-305	767	46	united	united	PROPN
ftr-305	767	47	states	states	PROPN
ftr-305	767	48	likewise	likewise	ADV
ftr-305	767	49	use	use	VERB
ftr-305	767	50	royalties	royalty	NOUN
ftr-305	767	51	,	,	PUNCT
ftr-305	767	52	as	as	ADV
ftr-305	767	53	well	well	ADV
ftr-305	767	54	as	as	ADP
ftr-305	767	55	interest	interest	NOUN
ftr-305	767	56	expense	expense	NOUN
ftr-305	767	57	,	,	PUNCT
ftr-305	767	58	to	to	PART
ftr-305	767	59	reduce	reduce	VERB
ftr-305	767	60	the	the	DET
ftr-305	767	61	u.s	u.s	PROPN
ftr-305	767	62	.	.	PROPN
ftr-305	767	63	tax	tax	NOUN
ftr-305	767	64	base.157	base.157	NOUN
ftr-305	767	65	repealing	repealing	NOUN
ftr-305	767	66	or	or	CCONJ
ftr-305	767	67	modifying	modify	VERB
ftr-305	767	68	firpta	firpta	NOUN
ftr-305	767	69	would	would	AUX
ftr-305	767	70	provide	provide	VERB
ftr-305	767	71	an	an	DET
ftr-305	767	72	opportunity	opportunity	NOUN
ftr-305	767	73	to	to	PART
ftr-305	767	74	evaluate	evaluate	VERB
ftr-305	767	75	the	the	DET
ftr-305	767	76	current	current	ADJ
ftr-305	767	77	rules	rule	NOUN
ftr-305	767	78	.	.	PUNCT
ftr-305	768	1	notwithstanding	notwithstanding	ADP
ftr-305	768	2	the	the	DET
ftr-305	768	3	general	general	ADJ
ftr-305	768	4	rule	rule	NOUN
ftr-305	768	5	in	in	ADP
ftr-305	768	6	article	article	NOUN
ftr-305	768	7	13	13	NUM
ftr-305	768	8	which	which	PRON
ftr-305	768	9	allows	allow	VERB
ftr-305	768	10	the	the	DET
ftr-305	768	11	taxation	taxation	NOUN
ftr-305	768	12	of	of	ADP
ftr-305	768	13	sales	sale	NOUN
ftr-305	768	14	of	of	ADP
ftr-305	768	15	shares	share	NOUN
ftr-305	768	16	if	if	SCONJ
ftr-305	768	17	“	"	PUNCT
ftr-305	768	18	more	more	ADJ
ftr-305	768	19	than	than	ADP
ftr-305	768	20	50	50	NUM
ftr-305	768	21	percent	percent	NOUN
ftr-305	768	22	of	of	ADP
ftr-305	768	23	their	their	PRON
ftr-305	768	24	value	value	NOUN
ftr-305	768	25	[	[	X
ftr-305	768	26	is	be	AUX
ftr-305	768	27	derived	derive	VERB
ftr-305	768	28	]	]	PUNCT
ftr-305	768	29	directly	directly	ADV
ftr-305	768	30	or	or	CCONJ
ftr-305	768	31	indirectly	indirectly	ADV
ftr-305	768	32	from	from	ADP
ftr-305	768	33	immovable	immovable	ADJ
ftr-305	768	34	property	property	NOUN
ftr-305	768	35	situated	situate	VERB
ftr-305	768	36	in	in	ADP
ftr-305	768	37	the	the	DET
ftr-305	768	38	”	"	PUNCT
ftr-305	768	39	state	state	NOUN
ftr-305	768	40	.	.	PUNCT
ftr-305	769	1	i	i	PRON
ftr-305	769	2	d.	d.	PROPN
ftr-305	769	3	,	,	PUNCT
ftr-305	769	4	art	art	NOUN
ftr-305	769	5	.	.	PUNCT
ftr-305	770	1	13	13	NUM
ftr-305	770	2	,	,	PUNCT
ftr-305	770	3	¶	¶	NOUN
ftr-305	770	4	28.3	28.3	NUM
ftr-305	770	5	.	.	PUNCT
ftr-305	771	1	the	the	DET
ftr-305	771	2	july	july	PROPN
ftr-305	771	3	2010	2010	NUM
ftr-305	771	4	version	version	NOUN
ftr-305	771	5	of	of	ADP
ftr-305	771	6	the	the	DET
ftr-305	771	7	oecd	oecd	PROPN
ftr-305	771	8	model	model	NOUN
ftr-305	771	9	convention	convention	PROPN
ftr-305	771	10	on	on	ADP
ftr-305	771	11	income	income	NOUN
ftr-305	771	12	and	and	CCONJ
ftr-305	771	13	on	on	ADP
ftr-305	771	14	capital	capital	NOUN
ftr-305	771	15	takes	take	VERB
ftr-305	771	16	the	the	DET
ftr-305	771	17	same	same	ADJ
ftr-305	771	18	approach	approach	NOUN
ftr-305	771	19	.	.	PUNCT
ftr-305	772	1	in	in	ADP
ftr-305	772	2	the	the	DET
ftr-305	772	3	2008	2008	NUM
ftr-305	772	4	version	version	NOUN
ftr-305	772	5	,	,	PUNCT
ftr-305	772	6	reits	reit	NOUN
ftr-305	772	7	were	be	AUX
ftr-305	772	8	“	"	PUNCT
ftr-305	772	9	loosely	loosely	ADV
ftr-305	772	10	described	describe	VERB
ftr-305	772	11	as	as	ADP
ftr-305	772	12	a	a	DET
ftr-305	772	13	widely	widely	ADV
ftr-305	772	14	held	hold	VERB
ftr-305	772	15	company	company	NOUN
ftr-305	772	16	,	,	PUNCT
ftr-305	772	17	trust	trust	NOUN
ftr-305	772	18	,	,	PUNCT
ftr-305	772	19	or	or	CCONJ
ftr-305	772	20	contractual	contractual	ADJ
ftr-305	772	21	or	or	CCONJ
ftr-305	772	22	fiduciary	fiduciary	ADJ
ftr-305	772	23	arrangement	arrangement	NOUN
ftr-305	772	24	that	that	PRON
ftr-305	772	25	derives	derive	VERB
ftr-305	772	26	its	its	PRON
ftr-305	772	27	income	income	NOUN
ftr-305	772	28	primarily	primarily	ADV
ftr-305	772	29	from	from	ADP
ftr-305	772	30	longterm	longterm	ADJ
ftr-305	772	31	investment	investment	NOUN
ftr-305	772	32	in	in	ADP
ftr-305	772	33	immovable	immovable	ADJ
ftr-305	772	34	property	property	NOUN
ftr-305	772	35	,	,	PUNCT
ftr-305	772	36	distributes	distribute	VERB
ftr-305	772	37	most	most	ADJ
ftr-305	772	38	of	of	ADP
ftr-305	772	39	that	that	DET
ftr-305	772	40	income	income	NOUN
ftr-305	772	41	annually	annually	ADV
ftr-305	772	42	and	and	CCONJ
ftr-305	772	43	does	do	AUX
ftr-305	772	44	not	not	PART
ftr-305	772	45	pay	pay	VERB
ftr-305	772	46	income	income	NOUN
ftr-305	772	47	tax	tax	NOUN
ftr-305	772	48	on	on	ADP
ftr-305	772	49	the	the	DET
ftr-305	772	50	income	income	NOUN
ftr-305	772	51	related	relate	VERB
ftr-305	772	52	to	to	PART
ftr-305	772	53	immovable	immovable	VERB
ftr-305	772	54	property	property	NOUN
ftr-305	772	55	that	that	PRON
ftr-305	772	56	is	be	AUX
ftr-305	772	57	so	so	ADV
ftr-305	772	58	distributed	distribute	VERB
ftr-305	772	59	.	.	PUNCT
ftr-305	772	60	”	"	PUNCT
ftr-305	773	1	i	i	PRON
ftr-305	773	2	d.	d.	PROPN
ftr-305	773	3	,	,	PUNCT
ftr-305	773	4	art	art	NOUN
ftr-305	773	5	.	.	PUNCT
ftr-305	774	1	10	10	NUM
ftr-305	774	2	,	,	PUNCT
ftr-305	774	3	¶	¶	NUM
ftr-305	774	4	67.1	67.1	NUM
ftr-305	774	5	.	.	PUNCT
ftr-305	775	1	155	155	NUM
ftr-305	775	2	.	.	PUNCT
ftr-305	776	1	for	for	ADP
ftr-305	776	2	example	example	NOUN
ftr-305	776	3	,	,	PUNCT
ftr-305	776	4	see	see	VERB
ftr-305	776	5	the	the	DET
ftr-305	776	6	united	united	PROPN
ftr-305	776	7	states	states	PROPN
ftr-305	776	8	–	–	PUNCT
ftr-305	776	9	united	united	ADJ
ftr-305	776	10	kingdom	kingdom	PROPN
ftr-305	776	11	tax	tax	NOUN
ftr-305	776	12	treaty	treaty	NOUN
ftr-305	776	13	involved	involve	VERB
ftr-305	776	14	in	in	ADP
ftr-305	776	15	herbert	herbert	PROPN
ftr-305	776	16	v.	v.	PROPN
ftr-305	776	17	commissioner	commissioner	PROPN
ftr-305	776	18	,	,	PUNCT
ftr-305	776	19	30	30	NUM
ftr-305	776	20	t.c	t.c	PROPN
ftr-305	776	21	.	.	PROPN
ftr-305	776	22	26	26	NUM
ftr-305	776	23	(	(	PUNCT
ftr-305	776	24	1958	1958	NUM
ftr-305	776	25	)	)	PUNCT
ftr-305	776	26	.	.	PUNCT
ftr-305	777	1	156	156	NUM
ftr-305	777	2	.	.	PUNCT
ftr-305	778	1	see	see	VERB
ftr-305	778	2	edward	edward	PROPN
ftr-305	778	3	d.	d.	PROPN
ftr-305	778	4	kleinbard	kleinbard	PROPN
ftr-305	778	5	,	,	PUNCT
ftr-305	778	6	stateless	stateless	NOUN
ftr-305	778	7	income	income	NOUN
ftr-305	778	8	’s	’s	PART
ftr-305	778	9	challenge	challenge	NOUN
ftr-305	778	10	to	to	ADP
ftr-305	778	11	tax	tax	NOUN
ftr-305	778	12	policy	policy	NOUN
ftr-305	778	13	,	,	PUNCT
ftr-305	778	14	132	132	NUM
ftr-305	778	15	tax	tax	NOUN
ftr-305	778	16	notes	note	NOUN
ftr-305	778	17	1021–42	1021–42	NUM
ftr-305	778	18	(	(	PUNCT
ftr-305	778	19	sept	sept	PROPN
ftr-305	778	20	.	.	PROPN
ftr-305	778	21	5	5	NUM
ftr-305	778	22	,	,	PUNCT
ftr-305	778	23	2011	2011	NUM
ftr-305	778	24	)	)	PUNCT
ftr-305	778	25	;	;	PUNCT
ftr-305	778	26	edward	edward	PROPN
ftr-305	778	27	d.	d.	PROPN
ftr-305	778	28	kleinbard	kleinbard	PROPN
ftr-305	778	29	,	,	PUNCT
ftr-305	778	30	stateless	stateless	NOUN
ftr-305	778	31	income	income	NOUN
ftr-305	778	32	’s	’s	PART
ftr-305	778	33	challenge	challenge	NOUN
ftr-305	778	34	to	to	ADP
ftr-305	778	35	tax	tax	NOUN
ftr-305	778	36	policy	policy	NOUN
ftr-305	778	37	,	,	PUNCT
ftr-305	778	38	part	part	NOUN
ftr-305	778	39	2	2	NUM
ftr-305	778	40	,	,	PUNCT
ftr-305	778	41	136	136	NUM
ftr-305	778	42	tax	tax	NOUN
ftr-305	778	43	notes	note	NOUN
ftr-305	778	44	1431–48	1431–48	NUM
ftr-305	778	45	(	(	PUNCT
ftr-305	778	46	sept	sept	PROPN
ftr-305	778	47	.	.	PROPN
ftr-305	778	48	17	17	NUM
ftr-305	778	49	,	,	PUNCT
ftr-305	778	50	2012	2012	NUM
ftr-305	778	51	)	)	PUNCT
ftr-305	778	52	.	.	PUNCT
ftr-305	779	1	157	157	NUM
ftr-305	779	2	.	.	PUNCT
ftr-305	780	1	see	see	VERB
ftr-305	780	2	bret	bret	PROPN
ftr-305	780	3	wells	wells	PROPN
ftr-305	780	4	,	,	PUNCT
ftr-305	780	5	what	what	PRON
ftr-305	780	6	corporate	corporate	ADJ
ftr-305	780	7	inversions	inversion	NOUN
ftr-305	780	8	teach	teach	VERB
ftr-305	780	9	about	about	ADP
ftr-305	780	10	international	international	ADJ
ftr-305	780	11	tax	tax	NOUN
ftr-305	780	12	reform	reform	NOUN
ftr-305	780	13	,	,	PUNCT
ftr-305	780	14	127	127	NUM
ftr-305	780	15	tax	tax	NOUN
ftr-305	780	16	notes	note	NOUN
ftr-305	780	17	1345	1345	NUM
ftr-305	780	18	(	(	PUNCT
ftr-305	780	19	june	june	PROPN
ftr-305	780	20	21	21	NUM
ftr-305	780	21	,	,	PUNCT
ftr-305	780	22	2010	2010	NUM
ftr-305	780	23	)	)	PUNCT
ftr-305	780	24	.	.	PUNCT
ftr-305	781	1	2013	2013	NUM
ftr-305	781	2	]	]	PUNCT
ftr-305	781	3	suppose	suppose	VERB
ftr-305	781	4	firpta	firpta	NOUN
ftr-305	781	5	was	be	AUX
ftr-305	781	6	repealed	repeal	VERB
ftr-305	781	7	41	41	NUM
ftr-305	781	8	iv	iv	NOUN
ftr-305	781	9	.	.	PUNCT
ftr-305	782	1	legislation	legislation	NOUN
ftr-305	782	2	other	other	ADJ
ftr-305	782	3	than	than	ADP
ftr-305	782	4	repeal	repeal	VERB
ftr-305	782	5	what	what	PRON
ftr-305	782	6	would	would	AUX
ftr-305	782	7	not	not	PART
ftr-305	782	8	make	make	VERB
ftr-305	782	9	sense	sense	NOUN
ftr-305	782	10	,	,	PUNCT
ftr-305	782	11	if	if	SCONJ
ftr-305	782	12	there	there	PRON
ftr-305	782	13	is	be	VERB
ftr-305	782	14	to	to	PART
ftr-305	782	15	be	be	AUX
ftr-305	782	16	no	no	DET
ftr-305	782	17	repeal	repeal	NOUN
ftr-305	782	18	of	of	ADP
ftr-305	782	19	firpta	firpta	NOUN
ftr-305	782	20	,	,	PUNCT
ftr-305	782	21	would	would	AUX
ftr-305	782	22	be	be	AUX
ftr-305	782	23	to	to	PART
ftr-305	782	24	enact	enact	VERB
ftr-305	782	25	some	some	PRON
ftr-305	782	26	of	of	ADP
ftr-305	782	27	the	the	DET
ftr-305	782	28	more	more	ADV
ftr-305	782	29	modest	modest	ADJ
ftr-305	782	30	proposals	proposal	NOUN
ftr-305	782	31	that	that	PRON
ftr-305	782	32	have	have	AUX
ftr-305	782	33	been	be	AUX
ftr-305	782	34	put	put	VERB
ftr-305	782	35	forward	forward	ADV
ftr-305	782	36	,	,	PUNCT
ftr-305	782	37	such	such	ADJ
ftr-305	782	38	as	as	ADP
ftr-305	782	39	the	the	DET
ftr-305	782	40	real	real	ADJ
ftr-305	782	41	estate	estate	NOUN
ftr-305	782	42	jobs	job	NOUN
ftr-305	782	43	and	and	CCONJ
ftr-305	782	44	investment	investment	NOUN
ftr-305	782	45	act	act	NOUN
ftr-305	782	46	which	which	PRON
ftr-305	782	47	was	be	AUX
ftr-305	782	48	introduced	introduce	VERB
ftr-305	782	49	in	in	ADP
ftr-305	782	50	the	the	DET
ftr-305	782	51	house	house	NOUN
ftr-305	782	52	of	of	ADP
ftr-305	782	53	representatives	representative	NOUN
ftr-305	782	54	in	in	ADP
ftr-305	782	55	september	september	PROPN
ftr-305	782	56	of	of	ADP
ftr-305	782	57	2011.158	2011.158	NUM
ftr-305	782	58	the	the	DET
ftr-305	782	59	real	real	ADJ
ftr-305	782	60	estate	estate	NOUN
ftr-305	782	61	jobs	job	NOUN
ftr-305	782	62	and	and	CCONJ
ftr-305	782	63	investment	investment	NOUN
ftr-305	782	64	act	act	NOUN
ftr-305	782	65	would	would	AUX
ftr-305	782	66	keep	keep	VERB
ftr-305	782	67	the	the	DET
ftr-305	782	68	usrphc	usrphc	ADJ
ftr-305	782	69	provisions	provision	NOUN
ftr-305	782	70	of	of	ADP
ftr-305	782	71	firpta	firpta	NOUN
ftr-305	782	72	but	but	CCONJ
ftr-305	782	73	,	,	PUNCT
ftr-305	782	74	broadly	broadly	ADV
ftr-305	782	75	,	,	PUNCT
ftr-305	782	76	make	make	VERB
ftr-305	782	77	four	four	NUM
ftr-305	782	78	changes	change	NOUN
ftr-305	782	79	in	in	ADP
ftr-305	782	80	the	the	DET
ftr-305	782	81	present	present	ADJ
ftr-305	782	82	rules	rule	NOUN
ftr-305	782	83	.	.	PUNCT
ftr-305	783	1	first	first	ADV
ftr-305	783	2	,	,	PUNCT
ftr-305	783	3	the	the	DET
ftr-305	783	4	act	act	NOUN
ftr-305	783	5	would	would	AUX
ftr-305	783	6	increase	increase	VERB
ftr-305	783	7	from	from	ADP
ftr-305	783	8	5	5	NUM
ftr-305	783	9	percent	percent	NOUN
ftr-305	783	10	to	to	ADP
ftr-305	783	11	10	10	NUM
ftr-305	783	12	percent	percent	NOUN
ftr-305	783	13	the	the	DET
ftr-305	783	14	exception	exception	NOUN
ftr-305	783	15	for	for	ADP
ftr-305	783	16	sales	sale	NOUN
ftr-305	783	17	of	of	ADP
ftr-305	783	18	shares	share	NOUN
ftr-305	783	19	of	of	ADP
ftr-305	783	20	a	a	DET
ftr-305	783	21	class	class	NOUN
ftr-305	783	22	of	of	ADP
ftr-305	783	23	stock	stock	NOUN
ftr-305	783	24	of	of	ADP
ftr-305	783	25	a	a	DET
ftr-305	783	26	reit	reit	NOUN
ftr-305	783	27	that	that	PRON
ftr-305	783	28	was	be	AUX
ftr-305	783	29	regularly	regularly	ADV
ftr-305	783	30	traded	trade	VERB
ftr-305	783	31	on	on	ADP
ftr-305	783	32	an	an	DET
ftr-305	783	33	established	establish	VERB
ftr-305	783	34	securities	security	NOUN
ftr-305	783	35	market	market	NOUN
ftr-305	783	36	and	and	CCONJ
ftr-305	783	37	,	,	PUNCT
ftr-305	783	38	correspondingly	correspondingly	ADV
ftr-305	783	39	,	,	PUNCT
ftr-305	783	40	increase	increase	VERB
ftr-305	783	41	from	from	ADP
ftr-305	783	42	5	5	NUM
ftr-305	783	43	percent	percent	NOUN
ftr-305	783	44	to	to	ADP
ftr-305	783	45	10	10	NUM
ftr-305	783	46	percent	percent	NOUN
ftr-305	783	47	the	the	DET
ftr-305	783	48	exception	exception	NOUN
ftr-305	783	49	to	to	ADP
ftr-305	783	50	the	the	DET
ftr-305	783	51	firpta	firpta	NOUN
ftr-305	783	52	tax	tax	NOUN
ftr-305	783	53	for	for	ADP
ftr-305	783	54	distributions	distribution	NOUN
ftr-305	783	55	by	by	ADP
ftr-305	783	56	a	a	DET
ftr-305	783	57	reit	reit	NOUN
ftr-305	783	58	of	of	ADP
ftr-305	783	59	gain	gain	NOUN
ftr-305	783	60	from	from	ADP
ftr-305	783	61	the	the	DET
ftr-305	783	62	sale	sale	NOUN
ftr-305	783	63	or	or	CCONJ
ftr-305	783	64	other	other	ADJ
ftr-305	783	65	disposition	disposition	NOUN
ftr-305	783	66	of	of	ADP
ftr-305	783	67	united	united	PROPN
ftr-305	783	68	states	states	PROPN
ftr-305	783	69	real	real	ADJ
ftr-305	783	70	property	property	NOUN
ftr-305	783	71	interests	interest	NOUN
ftr-305	783	72	.	.	PUNCT
ftr-305	784	1	the	the	DET
ftr-305	784	2	distribution	distribution	NOUN
ftr-305	784	3	would	would	AUX
ftr-305	784	4	be	be	AUX
ftr-305	784	5	treated	treat	VERB
ftr-305	784	6	as	as	ADP
ftr-305	784	7	an	an	DET
ftr-305	784	8	ordinary	ordinary	ADJ
ftr-305	784	9	distribution	distribution	NOUN
ftr-305	784	10	and	and	CCONJ
ftr-305	784	11	would	would	AUX
ftr-305	784	12	be	be	AUX
ftr-305	784	13	taxed	tax	VERB
ftr-305	784	14	as	as	ADP
ftr-305	784	15	a	a	DET
ftr-305	784	16	dividend	dividend	NOUN
ftr-305	784	17	,	,	PUNCT
ftr-305	784	18	to	to	ADP
ftr-305	784	19	the	the	DET
ftr-305	784	20	extent	extent	NOUN
ftr-305	784	21	out	out	ADP
ftr-305	784	22	of	of	ADP
ftr-305	784	23	earnings	earning	NOUN
ftr-305	784	24	and	and	CCONJ
ftr-305	784	25	profits	profit	NOUN
ftr-305	784	26	,	,	PUNCT
ftr-305	784	27	at	at	ADP
ftr-305	784	28	the	the	DET
ftr-305	784	29	30	30	NUM
ftr-305	784	30	percent	percent	NOUN
ftr-305	784	31	or	or	CCONJ
ftr-305	784	32	lower	low	ADJ
ftr-305	784	33	treaty	treaty	NOUN
ftr-305	784	34	rate	rate	NOUN
ftr-305	784	35	.	.	PUNCT
ftr-305	785	1	these	these	DET
ftr-305	785	2	changes	change	NOUN
ftr-305	785	3	would	would	AUX
ftr-305	785	4	only	only	ADV
ftr-305	785	5	apply	apply	VERB
ftr-305	785	6	to	to	ADP
ftr-305	785	7	reits	reit	NOUN
ftr-305	785	8	—	—	PUNCT
ftr-305	785	9	the	the	DET
ftr-305	785	10	exception	exception	NOUN
ftr-305	785	11	for	for	ADP
ftr-305	785	12	sales	sale	NOUN
ftr-305	785	13	of	of	ADP
ftr-305	785	14	regularly	regularly	ADV
ftr-305	785	15	traded	trade	VERB
ftr-305	785	16	shares	share	NOUN
ftr-305	785	17	of	of	ADP
ftr-305	785	18	other	other	ADJ
ftr-305	785	19	usrphcs	usrphcs	NOUN
ftr-305	785	20	would	would	AUX
ftr-305	785	21	stay	stay	VERB
ftr-305	785	22	at	at	ADP
ftr-305	785	23	5	5	NUM
ftr-305	785	24	percent	percent	NOUN
ftr-305	785	25	.	.	PUNCT
ftr-305	786	1	second	second	ADJ
ftr-305	786	2	,	,	PUNCT
ftr-305	786	3	the	the	DET
ftr-305	786	4	act	act	NOUN
ftr-305	786	5	would	would	AUX
ftr-305	786	6	reject	reject	VERB
ftr-305	786	7	notice	notice	NOUN
ftr-305	786	8	2007	2007	NUM
ftr-305	786	9	-	-	SYM
ftr-305	786	10	55	55	NUM
ftr-305	786	11	and	and	CCONJ
ftr-305	786	12	not	not	PART
ftr-305	786	13	treat	treat	VERB
ftr-305	786	14	a	a	DET
ftr-305	786	15	distribution	distribution	NOUN
ftr-305	786	16	by	by	ADP
ftr-305	786	17	a	a	DET
ftr-305	786	18	reit	reit	NOUN
ftr-305	786	19	of	of	ADP
ftr-305	786	20	gain	gain	NOUN
ftr-305	786	21	to	to	ADP
ftr-305	786	22	a	a	DET
ftr-305	786	23	shareholder	shareholder	NOUN
ftr-305	786	24	as	as	ADP
ftr-305	786	25	a	a	DET
ftr-305	786	26	taxable	taxable	ADJ
ftr-305	786	27	distribution	distribution	NOUN
ftr-305	786	28	if	if	SCONJ
ftr-305	786	29	the	the	DET
ftr-305	786	30	distribution	distribution	NOUN
ftr-305	786	31	was	be	AUX
ftr-305	786	32	in	in	ADP
ftr-305	786	33	the	the	DET
ftr-305	786	34	complete	complete	ADJ
ftr-305	786	35	liquidation	liquidation	NOUN
ftr-305	786	36	of	of	ADP
ftr-305	786	37	the	the	DET
ftr-305	786	38	reit	reit	NOUN
ftr-305	786	39	or	or	CCONJ
ftr-305	786	40	in	in	ADP
ftr-305	786	41	a	a	DET
ftr-305	786	42	redemption	redemption	NOUN
ftr-305	786	43	of	of	ADP
ftr-305	786	44	its	its	PRON
ftr-305	786	45	shares	share	NOUN
ftr-305	786	46	that	that	PRON
ftr-305	786	47	was	be	AUX
ftr-305	786	48	treated	treat	VERB
ftr-305	786	49	as	as	ADP
ftr-305	786	50	a	a	DET
ftr-305	786	51	sale	sale	NOUN
ftr-305	786	52	by	by	ADP
ftr-305	786	53	the	the	DET
ftr-305	786	54	shareholder	shareholder	NOUN
ftr-305	786	55	if	if	SCONJ
ftr-305	786	56	the	the	DET
ftr-305	786	57	reit	reit	NOUN
ftr-305	786	58	was	be	AUX
ftr-305	786	59	domestically	domestically	ADV
ftr-305	786	60	controlled	control	VERB
ftr-305	786	61	or	or	CCONJ
ftr-305	786	62	if	if	SCONJ
ftr-305	786	63	the	the	DET
ftr-305	786	64	distribution	distribution	NOUN
ftr-305	786	65	was	be	AUX
ftr-305	786	66	on	on	ADP
ftr-305	786	67	a	a	DET
ftr-305	786	68	class	class	NOUN
ftr-305	786	69	of	of	ADP
ftr-305	786	70	regularly	regularly	ADV
ftr-305	786	71	traded	trade	VERB
ftr-305	786	72	shares	share	NOUN
ftr-305	786	73	and	and	CCONJ
ftr-305	786	74	the	the	DET
ftr-305	786	75	shareholder	shareholder	NOUN
ftr-305	786	76	held	hold	VERB
ftr-305	786	77	10	10	NUM
ftr-305	786	78	percent	percent	NOUN
ftr-305	786	79	or	or	CCONJ
ftr-305	786	80	less	less	ADJ
ftr-305	786	81	of	of	ADP
ftr-305	786	82	the	the	DET
ftr-305	786	83	class	class	NOUN
ftr-305	786	84	.	.	PUNCT
ftr-305	787	1	third	third	ADJ
ftr-305	787	2	,	,	PUNCT
ftr-305	787	3	in	in	ADP
ftr-305	787	4	determining	determine	VERB
ftr-305	787	5	whether	whether	SCONJ
ftr-305	787	6	a	a	DET
ftr-305	787	7	reit	reit	NOUN
ftr-305	787	8	is	be	AUX
ftr-305	787	9	or	or	CCONJ
ftr-305	787	10	is	be	AUX
ftr-305	787	11	not	not	PART
ftr-305	787	12	domestically	domestically	ADV
ftr-305	787	13	controlled	control	VERB
ftr-305	787	14	,	,	PUNCT
ftr-305	787	15	the	the	DET
ftr-305	787	16	act	act	NOUN
ftr-305	787	17	would	would	AUX
ftr-305	787	18	expand	expand	VERB
ftr-305	787	19	the	the	DET
ftr-305	787	20	definition	definition	NOUN
ftr-305	787	21	of	of	ADP
ftr-305	787	22	u.s	u.s	PROPN
ftr-305	787	23	.	.	PROPN
ftr-305	787	24	ownership	ownership	NOUN
ftr-305	787	25	by	by	ADP
ftr-305	787	26	providing	provide	VERB
ftr-305	787	27	that	that	SCONJ
ftr-305	787	28	,	,	PUNCT
ftr-305	787	29	in	in	ADP
ftr-305	787	30	the	the	DET
ftr-305	787	31	absence	absence	NOUN
ftr-305	787	32	of	of	ADP
ftr-305	787	33	actual	actual	ADJ
ftr-305	787	34	knowledge	knowledge	NOUN
ftr-305	787	35	to	to	ADP
ftr-305	787	36	the	the	DET
ftr-305	787	37	contrary	contrary	NOUN
ftr-305	787	38	,	,	PUNCT
ftr-305	787	39	a	a	DET
ftr-305	787	40	reit	reit	NOUN
ftr-305	787	41	or	or	CCONJ
ftr-305	787	42	a	a	DET
ftr-305	787	43	ric	ric	PROPN
ftr-305	787	44	could	could	AUX
ftr-305	787	45	assume	assume	VERB
ftr-305	787	46	that	that	SCONJ
ftr-305	787	47	less	less	ADJ
ftr-305	787	48	than	than	ADP
ftr-305	787	49	5	5	NUM
ftr-305	787	50	percent	percent	NOUN
ftr-305	787	51	owners	owner	NOUN
ftr-305	787	52	of	of	ADP
ftr-305	787	53	shares	share	NOUN
ftr-305	787	54	of	of	ADP
ftr-305	787	55	stock	stock	NOUN
ftr-305	787	56	of	of	ADP
ftr-305	787	57	a	a	DET
ftr-305	787	58	class	class	NOUN
ftr-305	787	59	that	that	PRON
ftr-305	787	60	was	be	AUX
ftr-305	787	61	traded	trade	VERB
ftr-305	787	62	on	on	ADP
ftr-305	787	63	an	an	DET
ftr-305	787	64	established	establish	VERB
ftr-305	787	65	securities	security	NOUN
ftr-305	787	66	market	market	NOUN
ftr-305	787	67	in	in	ADP
ftr-305	787	68	the	the	DET
ftr-305	787	69	united	united	PROPN
ftr-305	787	70	states	states	PROPN
ftr-305	787	71	were	be	AUX
ftr-305	787	72	u.s	u.s	PROPN
ftr-305	787	73	.	.	PROPN
ftr-305	787	74	persons	person	NOUN
ftr-305	787	75	;	;	PUNCT
ftr-305	787	76	but	but	CCONJ
ftr-305	787	77	it	it	PRON
ftr-305	787	78	would	would	AUX
ftr-305	787	79	narrow	narrow	VERB
ftr-305	787	80	the	the	DET
ftr-305	787	81	definition	definition	NOUN
ftr-305	787	82	of	of	ADP
ftr-305	787	83	u.s	u.s	PROPN
ftr-305	787	84	.	.	PROPN
ftr-305	787	85	ownership	ownership	NOUN
ftr-305	787	86	by	by	ADP
ftr-305	787	87	excluding	exclude	VERB
ftr-305	787	88	from	from	ADP
ftr-305	787	89	u.s	u.s	PROPN
ftr-305	787	90	.	.	PROPN
ftr-305	787	91	ownership	ownership	NOUN
ftr-305	787	92	shares	share	NOUN
ftr-305	787	93	of	of	ADP
ftr-305	787	94	the	the	DET
ftr-305	787	95	reit	reit	NOUN
ftr-305	787	96	owned	own	VERB
ftr-305	787	97	by	by	ADP
ftr-305	787	98	another	another	DET
ftr-305	787	99	reit	reit	NOUN
ftr-305	787	100	158	158	NUM
ftr-305	787	101	.	.	PUNCT
ftr-305	788	1	h.r	h.r	PROPN
ftr-305	788	2	.	.	PROPN
ftr-305	788	3	2989	2989	NUM
ftr-305	788	4	,	,	PUNCT
ftr-305	788	5	112th	112th	PROPN
ftr-305	788	6	cong	cong	NOUN
ftr-305	788	7	.	.	PROPN
ftr-305	788	8	,	,	PUNCT
ftr-305	789	1	1st	1st	ADJ
ftr-305	789	2	sess	sess	NOUN
ftr-305	789	3	.	.	PUNCT
ftr-305	790	1	(	(	PUNCT
ftr-305	790	2	2011	2011	NUM
ftr-305	790	3	)	)	PUNCT
ftr-305	790	4	.	.	PUNCT
ftr-305	791	1	the	the	DET
ftr-305	791	2	substantially	substantially	ADV
ftr-305	791	3	same	same	ADJ
ftr-305	791	4	bill	bill	NOUN
ftr-305	791	5	was	be	AUX
ftr-305	791	6	introduced	introduce	VERB
ftr-305	791	7	in	in	ADP
ftr-305	791	8	the	the	DET
ftr-305	791	9	senate	senate	PROPN
ftr-305	791	10	as	as	ADP
ftr-305	791	11	the	the	DET
ftr-305	791	12	real	real	ADJ
ftr-305	791	13	estate	estate	NOUN
ftr-305	791	14	investment	investment	NOUN
ftr-305	791	15	and	and	CCONJ
ftr-305	791	16	jobs	job	NOUN
ftr-305	791	17	act	act	NOUN
ftr-305	791	18	of	of	ADP
ftr-305	791	19	2011	2011	NUM
ftr-305	791	20	.	.	PUNCT
ftr-305	792	1	the	the	DET
ftr-305	792	2	house	house	PROPN
ftr-305	792	3	bill	bill	PROPN
ftr-305	792	4	had	have	AUX
ftr-305	792	5	been	be	AUX
ftr-305	792	6	previously	previously	ADV
ftr-305	792	7	introduced	introduce	VERB
ftr-305	792	8	as	as	ADP
ftr-305	792	9	the	the	DET
ftr-305	792	10	real	real	ADJ
ftr-305	792	11	estate	estate	NOUN
ftr-305	792	12	jobs	job	NOUN
ftr-305	792	13	and	and	CCONJ
ftr-305	792	14	investment	investment	NOUN
ftr-305	792	15	act	act	NOUN
ftr-305	792	16	of	of	ADP
ftr-305	792	17	2010	2010	NUM
ftr-305	792	18	,	,	PUNCT
ftr-305	792	19	h.r	h.r	PROPN
ftr-305	792	20	.	.	PROPN
ftr-305	792	21	5901	5901	NUM
ftr-305	792	22	,	,	PUNCT
ftr-305	792	23	and	and	CCONJ
ftr-305	792	24	passed	pass	VERB
ftr-305	792	25	the	the	DET
ftr-305	792	26	house	house	NOUN
ftr-305	792	27	in	in	ADP
ftr-305	792	28	july	july	PROPN
ftr-305	792	29	of	of	ADP
ftr-305	792	30	that	that	DET
ftr-305	792	31	year	year	NOUN
ftr-305	792	32	.	.	PUNCT
ftr-305	793	1	for	for	ADP
ftr-305	793	2	a	a	DET
ftr-305	793	3	technical	technical	ADJ
ftr-305	793	4	explanation	explanation	NOUN
ftr-305	793	5	,	,	PUNCT
ftr-305	793	6	see	see	VERB
ftr-305	793	7	staff	staff	NOUN
ftr-305	793	8	of	of	ADP
ftr-305	793	9	the	the	DET
ftr-305	793	10	joint	joint	ADJ
ftr-305	793	11	committee	committee	NOUN
ftr-305	793	12	on	on	ADP
ftr-305	793	13	taxation	taxation	NOUN
ftr-305	793	14	,	,	PUNCT
ftr-305	793	15	jcx-4110	jcx-4110	NOUN
ftr-305	793	16	,	,	PUNCT
ftr-305	793	17	technical	technical	ADJ
ftr-305	793	18	explanation	explanation	NOUN
ftr-305	793	19	of	of	ADP
ftr-305	793	20	the	the	DET
ftr-305	793	21	revenue	revenue	NOUN
ftr-305	793	22	provisions	provision	NOUN
ftr-305	793	23	of	of	ADP
ftr-305	793	24	h.r	h.r	PROPN
ftr-305	793	25	.	.	PROPN
ftr-305	793	26	5901	5901	NUM
ftr-305	793	27	,	,	PUNCT
ftr-305	793	28	the	the	DET
ftr-305	793	29	“	"	PUNCT
ftr-305	793	30	real	real	ADJ
ftr-305	793	31	estate	estate	NOUN
ftr-305	793	32	jobs	job	NOUN
ftr-305	793	33	and	and	CCONJ
ftr-305	793	34	investment	investment	NOUN
ftr-305	793	35	act	act	NOUN
ftr-305	793	36	of	of	ADP
ftr-305	793	37	2010	2010	NUM
ftr-305	793	38	”	"	PUNCT
ftr-305	793	39	(	(	PUNCT
ftr-305	793	40	2010	2010	NUM
ftr-305	793	41	)	)	PUNCT
ftr-305	793	42	.	.	PUNCT
ftr-305	794	1	see	see	VERB
ftr-305	794	2	,	,	PUNCT
ftr-305	794	3	e.g.	e.g.	ADV
ftr-305	794	4	,	,	PUNCT
ftr-305	794	5	statement	statement	NOUN
ftr-305	794	6	of	of	ADP
ftr-305	794	7	jeffrey	jeffrey	PROPN
ftr-305	794	8	d.	d.	PROPN
ftr-305	794	9	deboer	deboer	PROPN
ftr-305	794	10	on	on	ADP
ftr-305	794	11	behalf	behalf	NOUN
ftr-305	794	12	of	of	ADP
ftr-305	794	13	the	the	DET
ftr-305	794	14	real	real	ADJ
ftr-305	794	15	estate	estate	NOUN
ftr-305	794	16	roundtable	roundtable	ADJ
ftr-305	794	17	before	before	ADP
ftr-305	794	18	the	the	DET
ftr-305	794	19	subcommittee	subcommittee	NOUN
ftr-305	794	20	on	on	ADP
ftr-305	794	21	select	select	ADJ
ftr-305	794	22	revenue	revenue	NOUN
ftr-305	794	23	measures	measure	NOUN
ftr-305	794	24	,	,	PUNCT
ftr-305	794	25	real	real	ADJ
ftr-305	794	26	estate	estate	NOUN
ftr-305	794	27	roundtable	roundtable	ADJ
ftr-305	794	28	(	(	PUNCT
ftr-305	794	29	june	june	PROPN
ftr-305	794	30	23	23	NUM
ftr-305	794	31	,	,	PUNCT
ftr-305	794	32	2011	2011	NUM
ftr-305	794	33	)	)	PUNCT
ftr-305	794	34	,	,	PUNCT
ftr-305	794	35	www.rer.org/firpta-testimony-june2011.aspx	www.rer.org/firpta-testimony-june2011.aspx	X
ftr-305	794	36	.	.	PUNCT
ftr-305	795	1	short	short	ADJ
ftr-305	795	2	of	of	ADP
ftr-305	795	3	repeal	repeal	NOUN
ftr-305	795	4	,	,	PUNCT
ftr-305	795	5	the	the	DET
ftr-305	795	6	statement	statement	NOUN
ftr-305	795	7	advocates	advocate	VERB
ftr-305	795	8	increasing	increase	VERB
ftr-305	795	9	from	from	ADP
ftr-305	795	10	5	5	NUM
ftr-305	795	11	percent	percent	NOUN
ftr-305	795	12	to	to	ADP
ftr-305	795	13	10	10	NUM
ftr-305	795	14	percent	percent	NOUN
ftr-305	795	15	the	the	DET
ftr-305	795	16	exception	exception	NOUN
ftr-305	795	17	for	for	ADP
ftr-305	795	18	sales	sale	NOUN
ftr-305	795	19	of	of	ADP
ftr-305	795	20	publiclytraded	publiclytraded	ADJ
ftr-305	795	21	shares	share	NOUN
ftr-305	795	22	of	of	ADP
ftr-305	795	23	a	a	DET
ftr-305	795	24	u.s	u.s	PROPN
ftr-305	795	25	.	.	PROPN
ftr-305	795	26	corporation	corporation	NOUN
ftr-305	795	27	,	,	PUNCT
ftr-305	795	28	including	include	VERB
ftr-305	795	29	a	a	DET
ftr-305	795	30	real	real	ADJ
ftr-305	795	31	estate	estate	NOUN
ftr-305	795	32	investment	investment	NOUN
ftr-305	795	33	trust	trust	NOUN
ftr-305	795	34	,	,	PUNCT
ftr-305	795	35	and	and	CCONJ
ftr-305	795	36	withdrawal	withdrawal	NOUN
ftr-305	795	37	of	of	ADP
ftr-305	795	38	notice	notice	NOUN
ftr-305	795	39	2007	2007	NUM
ftr-305	795	40	-	-	SYM
ftr-305	795	41	55	55	NUM
ftr-305	795	42	.	.	PUNCT
ftr-305	796	1	42	42	NUM
ftr-305	796	2	florida	florida	PROPN
ftr-305	796	3	tax	tax	NOUN
ftr-305	796	4	review	review	NOUN
ftr-305	796	5	[	[	X
ftr-305	796	6	vol	vol	NOUN
ftr-305	796	7	.	.	PUNCT
ftr-305	797	1	14:1	14:1	NUM
ftr-305	797	2	or	or	CCONJ
ftr-305	797	3	by	by	ADP
ftr-305	797	4	a	a	DET
ftr-305	797	5	ric	ric	PROPN
ftr-305	798	1	unless	unless	SCONJ
ftr-305	798	2	the	the	DET
ftr-305	798	3	owner	owner	NOUN
ftr-305	798	4	(	(	PUNCT
ftr-305	798	5	taking	take	VERB
ftr-305	798	6	into	into	ADP
ftr-305	798	7	account	account	NOUN
ftr-305	798	8	the	the	DET
ftr-305	798	9	presumption	presumption	NOUN
ftr-305	798	10	described	describe	VERB
ftr-305	798	11	above	above	ADV
ftr-305	798	12	)	)	PUNCT
ftr-305	798	13	was	be	AUX
ftr-305	798	14	itself	itself	PRON
ftr-305	798	15	domestically	domestically	ADV
ftr-305	798	16	controlled	control	VERB
ftr-305	798	17	.	.	PUNCT
ftr-305	799	1	finally	finally	ADV
ftr-305	799	2	,	,	PUNCT
ftr-305	799	3	in	in	ADP
ftr-305	799	4	a	a	DET
ftr-305	799	5	provision	provision	NOUN
ftr-305	799	6	that	that	PRON
ftr-305	799	7	seems	seem	VERB
ftr-305	799	8	to	to	PART
ftr-305	799	9	benefit	benefit	VERB
ftr-305	799	10	only	only	ADV
ftr-305	799	11	australian	australian	ADJ
ftr-305	799	12	investment	investment	NOUN
ftr-305	799	13	,	,	PUNCT
ftr-305	799	14	the	the	DET
ftr-305	799	15	act	act	NOUN
ftr-305	799	16	would	would	AUX
ftr-305	799	17	eliminate	eliminate	VERB
ftr-305	799	18	the	the	DET
ftr-305	799	19	firpta	firpta	NOUN
ftr-305	799	20	tax	tax	NOUN
ftr-305	799	21	on	on	ADP
ftr-305	799	22	gain	gain	NOUN
ftr-305	799	23	from	from	ADP
ftr-305	799	24	sales	sale	NOUN
ftr-305	799	25	or	or	CCONJ
ftr-305	799	26	other	other	ADJ
ftr-305	799	27	dispositions	disposition	NOUN
ftr-305	799	28	of	of	ADP
ftr-305	799	29	shares	share	NOUN
ftr-305	799	30	of	of	ADP
ftr-305	799	31	a	a	DET
ftr-305	799	32	reit	reit	NOUN
ftr-305	799	33	held	hold	VERB
ftr-305	799	34	by	by	ADP
ftr-305	799	35	a	a	DET
ftr-305	799	36	“	"	PUNCT
ftr-305	799	37	qualified	qualified	ADJ
ftr-305	799	38	entity	entity	NOUN
ftr-305	799	39	”	"	PUNCT
ftr-305	799	40	that	that	PRON
ftr-305	799	41	owns	own	VERB
ftr-305	799	42	10	10	NUM
ftr-305	799	43	percent	percent	NOUN
ftr-305	799	44	or	or	CCONJ
ftr-305	799	45	less	less	ADJ
ftr-305	799	46	of	of	ADP
ftr-305	799	47	the	the	DET
ftr-305	799	48	reit	reit	NOUN
ftr-305	799	49	and	and	CCONJ
ftr-305	799	50	correspondingly	correspondingly	ADV
ftr-305	799	51	eliminate	eliminate	VERB
ftr-305	799	52	the	the	DET
ftr-305	799	53	firpta	firpta	NOUN
ftr-305	799	54	tax	tax	NOUN
ftr-305	799	55	on	on	ADP
ftr-305	799	56	distributions	distribution	NOUN
ftr-305	799	57	of	of	ADP
ftr-305	799	58	gain	gain	NOUN
ftr-305	799	59	by	by	ADP
ftr-305	799	60	a	a	DET
ftr-305	799	61	reit	reit	NOUN
ftr-305	799	62	to	to	ADP
ftr-305	799	63	such	such	DET
ftr-305	799	64	a	a	DET
ftr-305	799	65	shareholder	shareholder	NOUN
ftr-305	799	66	.	.	PUNCT
ftr-305	800	1	a	a	DET
ftr-305	800	2	distribution	distribution	NOUN
ftr-305	800	3	would	would	AUX
ftr-305	800	4	be	be	AUX
ftr-305	800	5	taxable	taxable	ADJ
ftr-305	800	6	as	as	ADP
ftr-305	800	7	an	an	DET
ftr-305	800	8	ordinary	ordinary	ADJ
ftr-305	800	9	distribution	distribution	NOUN
ftr-305	800	10	,	,	PUNCT
ftr-305	800	11	to	to	ADP
ftr-305	800	12	the	the	DET
ftr-305	800	13	extent	extent	NOUN
ftr-305	800	14	out	out	ADP
ftr-305	800	15	of	of	ADP
ftr-305	800	16	earnings	earning	NOUN
ftr-305	800	17	and	and	CCONJ
ftr-305	800	18	profits	profit	NOUN
ftr-305	800	19	,	,	PUNCT
ftr-305	800	20	at	at	ADP
ftr-305	800	21	the	the	DET
ftr-305	800	22	30	30	NUM
ftr-305	800	23	percent	percent	NOUN
ftr-305	800	24	or	or	CCONJ
ftr-305	800	25	lower	low	ADJ
ftr-305	800	26	treaty	treaty	NOUN
ftr-305	800	27	rate	rate	NOUN
ftr-305	800	28	.	.	PUNCT
ftr-305	801	1	the	the	DET
ftr-305	801	2	definition	definition	NOUN
ftr-305	801	3	of	of	ADP
ftr-305	801	4	a	a	DET
ftr-305	801	5	qualified	qualified	ADJ
ftr-305	801	6	entity	entity	NOUN
ftr-305	801	7	would	would	AUX
ftr-305	801	8	seem	seem	VERB
ftr-305	801	9	to	to	PART
ftr-305	801	10	cover	cover	VERB
ftr-305	801	11	only	only	ADV
ftr-305	801	12	listed	list	VERB
ftr-305	801	13	australian	australian	ADJ
ftr-305	801	14	property	property	NOUN
ftr-305	801	15	trusts	trust	NOUN
ftr-305	801	16	(	(	PUNCT
ftr-305	801	17	or	or	CCONJ
ftr-305	801	18	so	so	ADV
ftr-305	801	19	-	-	PUNCT
ftr-305	801	20	called	call	VERB
ftr-305	801	21	“	"	PUNCT
ftr-305	801	22	lapts	lapt	NOUN
ftr-305	801	23	”	"	PUNCT
ftr-305	801	24	)	)	PUNCT
ftr-305	801	25	that	that	PRON
ftr-305	801	26	own	own	ADJ
ftr-305	801	27	(	(	PUNCT
ftr-305	801	28	directly	directly	ADV
ftr-305	801	29	or	or	CCONJ
ftr-305	801	30	through	through	ADP
ftr-305	801	31	other	other	ADJ
ftr-305	801	32	lapts	lapt	NOUN
ftr-305	801	33	)	)	PUNCT
ftr-305	801	34	10	10	NUM
ftr-305	801	35	percent	percent	NOUN
ftr-305	801	36	or	or	CCONJ
ftr-305	801	37	less	less	ADJ
ftr-305	801	38	of	of	ADP
ftr-305	801	39	the	the	DET
ftr-305	801	40	shares	share	NOUN
ftr-305	801	41	of	of	ADP
ftr-305	801	42	a	a	DET
ftr-305	801	43	reit	reit	NOUN
ftr-305	801	44	—	—	PUNCT
ftr-305	801	45	i.e.	i.e.	X
ftr-305	801	46	,	,	PUNCT
ftr-305	801	47	only	only	ADV
ftr-305	801	48	a	a	DET
ftr-305	801	49	foreign	foreign	ADJ
ftr-305	801	50	shareholder	shareholder	NOUN
ftr-305	801	51	that	that	PRON
ftr-305	801	52	is	be	AUX
ftr-305	801	53	eligible	eligible	ADJ
ftr-305	801	54	for	for	ADP
ftr-305	801	55	a	a	DET
ftr-305	801	56	tax	tax	NOUN
ftr-305	801	57	treaty	treaty	NOUN
ftr-305	801	58	reduction	reduction	NOUN
ftr-305	801	59	in	in	ADP
ftr-305	801	60	the	the	DET
ftr-305	801	61	withholding	withholding	NOUN
ftr-305	801	62	tax	tax	NOUN
ftr-305	801	63	on	on	ADP
ftr-305	801	64	reit	reit	NOUN
ftr-305	801	65	dividends	dividend	NOUN
ftr-305	801	66	without	without	ADP
ftr-305	801	67	regard	regard	NOUN
ftr-305	801	68	to	to	ADP
ftr-305	801	69	the	the	DET
ftr-305	801	70	amount	amount	NOUN
ftr-305	801	71	of	of	ADP
ftr-305	801	72	reit	reit	NOUN
ftr-305	801	73	shares	share	NOUN
ftr-305	801	74	that	that	PRON
ftr-305	801	75	it	it	PRON
ftr-305	801	76	owns	own	VERB
ftr-305	801	77	and	and	CCONJ
ftr-305	801	78	if	if	SCONJ
ftr-305	801	79	the	the	DET
ftr-305	801	80	foreign	foreign	ADJ
ftr-305	801	81	shareholder	shareholder	NOUN
ftr-305	801	82	’s	’s	PART
ftr-305	801	83	principal	principal	ADJ
ftr-305	801	84	class	class	NOUN
ftr-305	801	85	of	of	ADP
ftr-305	801	86	interests	interest	NOUN
ftr-305	801	87	is	be	AUX
ftr-305	801	88	listed	list	VERB
ftr-305	801	89	and	and	CCONJ
ftr-305	801	90	publicly	publicly	ADV
ftr-305	801	91	traded	trade	VERB
ftr-305	801	92	on	on	ADP
ftr-305	801	93	a	a	DET
ftr-305	801	94	“	"	PUNCT
ftr-305	801	95	recognized	recognize	VERB
ftr-305	801	96	”	"	PUNCT
ftr-305	801	97	stock	stock	NOUN
ftr-305	801	98	exchange	exchange	NOUN
ftr-305	801	99	(	(	PUNCT
ftr-305	801	100	within	within	ADP
ftr-305	801	101	the	the	DET
ftr-305	801	102	meaning	meaning	NOUN
ftr-305	801	103	of	of	ADP
ftr-305	801	104	the	the	DET
ftr-305	801	105	treaty	treaty	NOUN
ftr-305	801	106	)	)	PUNCT
ftr-305	801	107	.	.	PUNCT
ftr-305	802	1	is	be	AUX
ftr-305	802	2	the	the	DET
ftr-305	802	3	real	real	ADJ
ftr-305	802	4	estate	estate	NOUN
ftr-305	802	5	jobs	job	NOUN
ftr-305	802	6	and	and	CCONJ
ftr-305	802	7	investment	investment	NOUN
ftr-305	802	8	act	act	NOUN
ftr-305	802	9	of	of	ADP
ftr-305	802	10	2011	2011	NUM
ftr-305	802	11	a	a	DET
ftr-305	802	12	good	good	ADJ
ftr-305	802	13	idea	idea	NOUN
ftr-305	802	14	?	?	PUNCT
ftr-305	803	1	any	any	DET
ftr-305	803	2	reconsideration	reconsideration	NOUN
ftr-305	803	3	of	of	ADP
ftr-305	803	4	firpta	firpta	NOUN
ftr-305	803	5	requires	require	VERB
ftr-305	803	6	an	an	DET
ftr-305	803	7	evaluation	evaluation	NOUN
ftr-305	803	8	of	of	ADP
ftr-305	803	9	whether	whether	SCONJ
ftr-305	803	10	investments	investment	NOUN
ftr-305	803	11	in	in	ADP
ftr-305	803	12	reits	reit	NOUN
ftr-305	803	13	should	should	AUX
ftr-305	803	14	be	be	AUX
ftr-305	803	15	given	give	VERB
ftr-305	803	16	better	well	ADJ
ftr-305	803	17	tax	tax	NOUN
ftr-305	803	18	treatment	treatment	NOUN
ftr-305	803	19	than	than	ADP
ftr-305	803	20	any	any	DET
ftr-305	803	21	other	other	ADJ
ftr-305	803	22	form	form	NOUN
ftr-305	803	23	of	of	ADP
ftr-305	803	24	investment	investment	NOUN
ftr-305	803	25	in	in	ADP
ftr-305	803	26	u.s	u.s	PROPN
ftr-305	803	27	.	.	PROPN
ftr-305	803	28	real	real	ADJ
ftr-305	803	29	estate	estate	NOUN
ftr-305	803	30	.	.	PUNCT
ftr-305	804	1	for	for	ADP
ftr-305	804	2	example	example	NOUN
ftr-305	804	3	,	,	PUNCT
ftr-305	804	4	why	why	SCONJ
ftr-305	804	5	there	there	PRON
ftr-305	804	6	is	be	VERB
ftr-305	804	7	an	an	DET
ftr-305	804	8	exemption	exemption	NOUN
ftr-305	804	9	for	for	ADP
ftr-305	804	10	shares	share	NOUN
ftr-305	804	11	of	of	ADP
ftr-305	804	12	domestically	domestically	ADV
ftr-305	804	13	-	-	PUNCT
ftr-305	804	14	controlled	control	VERB
ftr-305	804	15	reits	reit	NOUN
ftr-305	804	16	?	?	PUNCT
ftr-305	805	1	the	the	DET
ftr-305	805	2	real	real	ADJ
ftr-305	805	3	estate	estate	NOUN
ftr-305	805	4	jobs	job	NOUN
ftr-305	805	5	and	and	CCONJ
ftr-305	805	6	investment	investment	NOUN
ftr-305	805	7	act	act	NOUN
ftr-305	805	8	,	,	PUNCT
ftr-305	805	9	of	of	ADP
ftr-305	805	10	course	course	NOUN
ftr-305	805	11	,	,	PUNCT
ftr-305	805	12	does	do	AUX
ftr-305	805	13	not	not	PART
ftr-305	805	14	do	do	VERB
ftr-305	805	15	this	this	PRON
ftr-305	805	16	.	.	PUNCT
ftr-305	806	1	thus	thus	ADV
ftr-305	806	2	,	,	PUNCT
ftr-305	806	3	it	it	PRON
ftr-305	806	4	does	do	AUX
ftr-305	806	5	not	not	PART
ftr-305	806	6	reconsider	reconsider	VERB
ftr-305	806	7	the	the	DET
ftr-305	806	8	fundamentals	fundamental	NOUN
ftr-305	806	9	of	of	ADP
ftr-305	806	10	firpta	firpta	NOUN
ftr-305	806	11	but	but	CCONJ
ftr-305	806	12	simply	simply	ADV
ftr-305	806	13	makes	make	VERB
ftr-305	806	14	changes	change	NOUN
ftr-305	806	15	at	at	ADP
ftr-305	806	16	the	the	DET
ftr-305	806	17	margin	margin	NOUN
ftr-305	806	18	which	which	PRON
ftr-305	806	19	would	would	AUX
ftr-305	806	20	give	give	VERB
ftr-305	806	21	reits	reit	NOUN
ftr-305	806	22	a	a	DET
ftr-305	806	23	further	further	ADJ
ftr-305	806	24	advantage	advantage	NOUN
ftr-305	806	25	over	over	ADP
ftr-305	806	26	other	other	ADJ
ftr-305	806	27	forms	form	NOUN
ftr-305	806	28	of	of	ADP
ftr-305	806	29	investment	investment	NOUN
ftr-305	806	30	.	.	PUNCT
ftr-305	807	1	nor	nor	CCONJ
ftr-305	807	2	does	do	AUX
ftr-305	807	3	it	it	PRON
ftr-305	807	4	address	address	VERB
ftr-305	807	5	the	the	DET
ftr-305	807	6	concerns	concern	NOUN
ftr-305	807	7	that	that	PRON
ftr-305	807	8	prompted	prompt	VERB
ftr-305	807	9	the	the	DET
ftr-305	807	10	issuance	issuance	NOUN
ftr-305	807	11	of	of	ADP
ftr-305	807	12	notice	notice	NOUN
ftr-305	807	13	2007	2007	NUM
ftr-305	807	14	-	-	SYM
ftr-305	807	15	55	55	NUM
ftr-305	807	16	,	,	PUNCT
ftr-305	807	17	which	which	PRON
ftr-305	807	18	was	be	AUX
ftr-305	807	19	that	that	SCONJ
ftr-305	807	20	,	,	PUNCT
ftr-305	807	21	absent	absent	ADJ
ftr-305	807	22	the	the	DET
ftr-305	807	23	position	position	NOUN
ftr-305	807	24	taken	take	VERB
ftr-305	807	25	in	in	ADP
ftr-305	807	26	the	the	DET
ftr-305	807	27	notice	notice	NOUN
ftr-305	807	28	,	,	PUNCT
ftr-305	807	29	no	no	DET
ftr-305	807	30	u.s	u.s	PROPN
ftr-305	807	31	.	.	PROPN
ftr-305	807	32	tax	tax	NOUN
ftr-305	807	33	would	would	AUX
ftr-305	807	34	be	be	AUX
ftr-305	807	35	due	due	ADJ
ftr-305	807	36	if	if	SCONJ
ftr-305	807	37	a	a	DET
ftr-305	807	38	reit	reit	NOUN
ftr-305	807	39	sold	sell	VERB
ftr-305	807	40	all	all	DET
ftr-305	807	41	its	its	PRON
ftr-305	807	42	assets	asset	NOUN
ftr-305	807	43	and	and	CCONJ
ftr-305	807	44	distributed	distribute	VERB
ftr-305	807	45	the	the	DET
ftr-305	807	46	proceeds	proceed	NOUN
ftr-305	807	47	in	in	ADP
ftr-305	807	48	complete	complete	ADJ
ftr-305	807	49	liquidation	liquidation	NOUN
ftr-305	807	50	.	.	PUNCT
ftr-305	808	1	and	and	CCONJ
ftr-305	808	2	the	the	DET
ftr-305	808	3	provision	provision	NOUN
ftr-305	808	4	that	that	PRON
ftr-305	808	5	benefits	benefit	VERB
ftr-305	808	6	listed	list	VERB
ftr-305	808	7	australian	australian	ADJ
ftr-305	808	8	property	property	NOUN
ftr-305	808	9	trusts	trust	NOUN
ftr-305	808	10	should	should	AUX
ftr-305	808	11	quite	quite	ADV
ftr-305	808	12	clearly	clearly	ADV
ftr-305	808	13	be	be	AUX
ftr-305	808	14	taken	take	VERB
ftr-305	808	15	up	up	ADP
ftr-305	808	16	in	in	ADP
ftr-305	808	17	a	a	DET
ftr-305	808	18	revision	revision	NOUN
ftr-305	808	19	of	of	ADP
ftr-305	808	20	the	the	DET
ftr-305	808	21	united	united	PROPN
ftr-305	808	22	states	states	PROPN
ftr-305	808	23	-	-	PUNCT
ftr-305	808	24	australia	australia	PROPN
ftr-305	808	25	tax	tax	NOUN
ftr-305	808	26	treaty	treaty	NOUN
ftr-305	808	27	,	,	PUNCT
ftr-305	808	28	not	not	PART
ftr-305	808	29	by	by	ADP
ftr-305	808	30	changes	change	NOUN
ftr-305	808	31	to	to	ADP
ftr-305	808	32	the	the	DET
ftr-305	808	33	internal	internal	ADJ
ftr-305	808	34	revenue	revenue	NOUN
ftr-305	808	35	code	code	NOUN
ftr-305	808	36	.	.	PUNCT
ftr-305	809	1	the	the	DET
ftr-305	809	2	real	real	ADJ
ftr-305	809	3	estate	estate	NOUN
ftr-305	809	4	revitalization	revitalization	NOUN
ftr-305	809	5	act	act	NOUN
ftr-305	809	6	of	of	ADP
ftr-305	809	7	2010159	2010159	NUM
ftr-305	809	8	would	would	AUX
ftr-305	809	9	repeal	repeal	VERB
ftr-305	809	10	the	the	DET
ftr-305	809	11	usrphc	usrphc	ADJ
ftr-305	809	12	provisions	provision	NOUN
ftr-305	809	13	of	of	ADP
ftr-305	809	14	firpta	firpta	NOUN
ftr-305	809	15	and	and	CCONJ
ftr-305	809	16	treat	treat	VERB
ftr-305	809	17	any	any	DET
ftr-305	809	18	reit	reit	NOUN
ftr-305	809	19	or	or	CCONJ
ftr-305	809	20	ric	ric	ADJ
ftr-305	809	21	distribution	distribution	NOUN
ftr-305	809	22	of	of	ADP
ftr-305	809	23	gain	gain	NOUN
ftr-305	809	24	from	from	ADP
ftr-305	809	25	the	the	DET
ftr-305	809	26	dispositions	disposition	NOUN
ftr-305	809	27	of	of	ADP
ftr-305	809	28	interests	interest	NOUN
ftr-305	809	29	in	in	ADP
ftr-305	809	30	usrp	usrp	NOUN
ftr-305	809	31	(	(	PUNCT
ftr-305	809	32	including	include	VERB
ftr-305	809	33	the	the	DET
ftr-305	809	34	gain	gain	NOUN
ftr-305	809	35	distributed	distribute	VERB
ftr-305	809	36	in	in	ADP
ftr-305	809	37	a	a	DET
ftr-305	809	38	liquidation	liquidation	NOUN
ftr-305	809	39	or	or	CCONJ
ftr-305	809	40	redemption	redemption	NOUN
ftr-305	809	41	that	that	PRON
ftr-305	809	42	was	be	AUX
ftr-305	809	43	treated	treat	VERB
ftr-305	809	44	as	as	ADP
ftr-305	809	45	a	a	DET
ftr-305	809	46	sale	sale	NOUN
ftr-305	809	47	or	or	CCONJ
ftr-305	809	48	exchange	exchange	NOUN
ftr-305	809	49	)	)	PUNCT
ftr-305	809	50	as	as	ADP
ftr-305	809	51	an	an	DET
ftr-305	809	52	ordinary	ordinary	ADJ
ftr-305	809	53	dividend	dividend	NOUN
ftr-305	809	54	(	(	PUNCT
ftr-305	809	55	limited	limit	VERB
ftr-305	809	56	in	in	ADP
ftr-305	809	57	the	the	DET
ftr-305	809	58	case	case	NOUN
ftr-305	809	59	of	of	ADP
ftr-305	809	60	a	a	DET
ftr-305	809	61	liquidating	liquidate	VERB
ftr-305	809	62	distribution	distribution	NOUN
ftr-305	809	63	to	to	ADP
ftr-305	809	64	shareholder	shareholder	NOUN
ftr-305	809	65	’s	’s	PART
ftr-305	809	66	gain	gain	NOUN
ftr-305	809	67	under	under	ADP
ftr-305	809	68	section	section	NOUN
ftr-305	809	69	331	331	NUM
ftr-305	809	70	)	)	PUNCT
ftr-305	809	71	that	that	PRON
ftr-305	809	72	would	would	AUX
ftr-305	809	73	be	be	AUX
ftr-305	809	74	subject	subject	ADJ
ftr-305	809	75	to	to	ADP
ftr-305	809	76	withholding	withhold	VERB
ftr-305	809	77	at	at	ADP
ftr-305	809	78	the	the	DET
ftr-305	809	79	30	30	NUM
ftr-305	809	80	percent	percent	NOUN
ftr-305	809	81	rate	rate	NOUN
ftr-305	809	82	or	or	CCONJ
ftr-305	809	83	the	the	DET
ftr-305	809	84	lower	low	ADJ
ftr-305	809	85	treaty	treaty	NOUN
ftr-305	809	86	rate	rate	NOUN
ftr-305	809	87	that	that	PRON
ftr-305	809	88	applies	apply	VERB
ftr-305	809	89	to	to	ADP
ftr-305	809	90	other	other	ADJ
ftr-305	809	91	reit	reit	NOUN
ftr-305	809	92	or	or	CCONJ
ftr-305	809	93	ric	ric	PROPN
ftr-305	809	94	distributions	distribution	NOUN
ftr-305	809	95	.	.	PUNCT
ftr-305	810	1	this	this	PRON
ftr-305	810	2	deserves	deserve	VERB
ftr-305	810	3	more	more	ADJ
ftr-305	810	4	consideration	consideration	NOUN
ftr-305	810	5	than	than	ADP
ftr-305	810	6	the	the	DET
ftr-305	810	7	real	real	ADJ
ftr-305	810	8	estate	estate	NOUN
ftr-305	810	9	jobs	job	NOUN
ftr-305	810	10	and	and	CCONJ
ftr-305	810	11	investment	investment	NOUN
ftr-305	810	12	act	act	NOUN
ftr-305	810	13	,	,	PUNCT
ftr-305	810	14	but	but	CCONJ
ftr-305	810	15	it	it	PRON
ftr-305	810	16	leaves	leave	VERB
ftr-305	810	17	in	in	ADP
ftr-305	810	18	place	place	NOUN
ftr-305	810	19	the	the	DET
ftr-305	810	20	firpta	firpta	NOUN
ftr-305	810	21	definition	definition	NOUN
ftr-305	810	22	of	of	ADP
ftr-305	810	23	real	real	ADJ
ftr-305	810	24	property	property	NOUN
ftr-305	810	25	(	(	PUNCT
ftr-305	810	26	and	and	CCONJ
ftr-305	810	27	also	also	ADV
ftr-305	810	28	the	the	DET
ftr-305	810	29	tax	tax	NOUN
ftr-305	810	30	rate	rate	NOUN
ftr-305	810	31	distinction	distinction	NOUN
ftr-305	810	32	between	between	ADP
ftr-305	810	33	“	"	PUNCT
ftr-305	810	34	effectively	effectively	ADV
ftr-305	810	35	connected	connect	VERB
ftr-305	810	36	”	"	PUNCT
ftr-305	810	37	and	and	CCONJ
ftr-305	810	38	non	non	ADJ
ftr-305	810	39	“	"	PUNCT
ftr-305	810	40	effectively	effectively	ADV
ftr-305	810	41	connected	connected	ADJ
ftr-305	810	42	”	"	PUNCT
ftr-305	810	43	income	income	NOUN
ftr-305	810	44	)	)	PUNCT
ftr-305	810	45	and	and	CCONJ
ftr-305	810	46	,	,	PUNCT
ftr-305	810	47	more	more	ADV
ftr-305	810	48	importantly	importantly	ADV
ftr-305	810	49	,	,	PUNCT
ftr-305	810	50	does	do	AUX
ftr-305	810	51	not	not	PART
ftr-305	810	52	fully	fully	ADV
ftr-305	810	53	159	159	NUM
ftr-305	810	54	.	.	PUNCT
ftr-305	811	1	h.r	h.r	PROPN
ftr-305	811	2	.	.	PROPN
ftr-305	811	3	4539	4539	NUM
ftr-305	811	4	,	,	PUNCT
ftr-305	811	5	111th	111th	ADJ
ftr-305	811	6	cong	cong	NOUN
ftr-305	811	7	.	.	PROPN
ftr-305	811	8	,	,	PUNCT
ftr-305	811	9	2d	2d	NUM
ftr-305	811	10	sess	sess	NOUN
ftr-305	811	11	.	.	PUNCT
ftr-305	812	1	(	(	PUNCT
ftr-305	812	2	2010	2010	NUM
ftr-305	812	3	)	)	PUNCT
ftr-305	812	4	.	.	PUNCT
ftr-305	813	1	2013	2013	NUM
ftr-305	813	2	]	]	PUNCT
ftr-305	813	3	suppose	suppose	VERB
ftr-305	813	4	firpta	firpta	NOUN
ftr-305	813	5	was	be	AUX
ftr-305	813	6	repealed	repeal	VERB
ftr-305	813	7	43	43	NUM
ftr-305	813	8	address	address	NOUN
ftr-305	813	9	the	the	DET
ftr-305	813	10	different	different	ADJ
ftr-305	813	11	treatment	treatment	NOUN
ftr-305	813	12	of	of	ADP
ftr-305	813	13	investments	investment	NOUN
ftr-305	813	14	made	make	VERB
ftr-305	813	15	through	through	ADP
ftr-305	813	16	reits	reit	NOUN
ftr-305	813	17	and	and	CCONJ
ftr-305	813	18	direct	direct	ADJ
ftr-305	813	19	investment	investment	NOUN
ftr-305	813	20	or	or	CCONJ
ftr-305	813	21	investment	investment	NOUN
ftr-305	813	22	through	through	ADP
ftr-305	813	23	a	a	DET
ftr-305	813	24	partnership	partnership	NOUN
ftr-305	813	25	.	.	PUNCT
ftr-305	814	1	the	the	DET
ftr-305	814	2	act	act	NOUN
ftr-305	814	3	would	would	AUX
ftr-305	814	4	tax	tax	VERB
ftr-305	814	5	all	all	DET
ftr-305	814	6	current	current	ADJ
ftr-305	814	7	income	income	NOUN
ftr-305	814	8	or	or	CCONJ
ftr-305	814	9	gain	gain	NOUN
ftr-305	814	10	of	of	ADP
ftr-305	814	11	a	a	DET
ftr-305	814	12	reit	reit	NOUN
ftr-305	814	13	or	or	CCONJ
ftr-305	814	14	ric	ric	VERB
ftr-305	814	15	at	at	ADP
ftr-305	814	16	no	no	DET
ftr-305	814	17	less	less	ADJ
ftr-305	814	18	than	than	ADP
ftr-305	814	19	the	the	DET
ftr-305	814	20	30	30	NUM
ftr-305	814	21	percent	percent	NOUN
ftr-305	814	22	or	or	CCONJ
ftr-305	814	23	lower	low	ADJ
ftr-305	814	24	treaty	treaty	NOUN
ftr-305	814	25	rate	rate	NOUN
ftr-305	814	26	that	that	PRON
ftr-305	814	27	applies	apply	VERB
ftr-305	814	28	to	to	ADP
ftr-305	814	29	dividends,160	dividends,160	NOUN
ftr-305	814	30	but	but	CCONJ
ftr-305	814	31	there	there	PRON
ftr-305	814	32	still	still	ADV
ftr-305	814	33	would	would	AUX
ftr-305	814	34	be	be	AUX
ftr-305	814	35	no	no	DET
ftr-305	814	36	tax	tax	NOUN
ftr-305	814	37	on	on	ADP
ftr-305	814	38	gain	gain	NOUN
ftr-305	814	39	from	from	ADP
ftr-305	814	40	a	a	DET
ftr-305	814	41	sale	sale	NOUN
ftr-305	814	42	of	of	ADP
ftr-305	814	43	shares	share	NOUN
ftr-305	814	44	by	by	ADP
ftr-305	814	45	a	a	DET
ftr-305	814	46	foreign	foreign	ADJ
ftr-305	814	47	investor	investor	NOUN
ftr-305	814	48	.	.	PUNCT
ftr-305	815	1	because	because	SCONJ
ftr-305	815	2	the	the	DET
ftr-305	815	3	sale	sale	NOUN
ftr-305	815	4	will	will	AUX
ftr-305	815	5	step	step	VERB
ftr-305	815	6	-	-	PUNCT
ftr-305	815	7	up	up	NOUN
ftr-305	815	8	the	the	DET
ftr-305	815	9	basis	basis	NOUN
ftr-305	815	10	of	of	ADP
ftr-305	815	11	the	the	DET
ftr-305	815	12	shares	share	NOUN
ftr-305	815	13	,	,	PUNCT
ftr-305	815	14	the	the	DET
ftr-305	815	15	gain	gain	NOUN
ftr-305	815	16	will	will	AUX
ftr-305	815	17	not	not	PART
ftr-305	815	18	be	be	AUX
ftr-305	815	19	taxed	tax	VERB
ftr-305	815	20	on	on	ADP
ftr-305	815	21	a	a	DET
ftr-305	815	22	subsequent	subsequent	ADJ
ftr-305	815	23	liquidation	liquidation	NOUN
ftr-305	815	24	of	of	ADP
ftr-305	815	25	the	the	DET
ftr-305	815	26	reit	reit	NOUN
ftr-305	815	27	.	.	PUNCT
ftr-305	816	1	160	160	NUM
ftr-305	816	2	.	.	PUNCT
ftr-305	816	3	reits	reit	NOUN
ftr-305	816	4	and	and	CCONJ
ftr-305	816	5	rics	ric	NOUN
ftr-305	816	6	are	be	AUX
ftr-305	816	7	required	require	VERB
ftr-305	816	8	to	to	PART
ftr-305	816	9	distribute	distribute	VERB
ftr-305	816	10	at	at	ADV
ftr-305	816	11	least	least	ADV
ftr-305	816	12	90	90	NUM
ftr-305	816	13	percent	percent	NOUN
ftr-305	816	14	of	of	ADP
ftr-305	816	15	real	real	ADJ
ftr-305	816	16	estate	estate	NOUN
ftr-305	816	17	investment	investment	NOUN
ftr-305	816	18	company	company	NOUN
ftr-305	816	19	or	or	CCONJ
ftr-305	816	20	regulated	regulated	ADJ
ftr-305	816	21	investment	investment	NOUN
ftr-305	816	22	company	company	NOUN
ftr-305	816	23	taxable	taxable	ADJ
ftr-305	816	24	income	income	NOUN
ftr-305	816	25	.	.	PUNCT
ftr-305	817	1	the	the	DET
ftr-305	817	2	reit	reit	PROPN
ftr-305	817	3	or	or	CCONJ
ftr-305	817	4	ric	ric	PROPN
ftr-305	817	5	would	would	AUX
ftr-305	817	6	be	be	AUX
ftr-305	817	7	taxed	tax	VERB
ftr-305	817	8	on	on	ADP
ftr-305	817	9	any	any	DET
ftr-305	817	10	such	such	ADJ
ftr-305	817	11	income	income	NOUN
ftr-305	817	12	not	not	PART
ftr-305	817	13	distributed	distribute	VERB
ftr-305	817	14	.	.	PUNCT
ftr-305	818	1	it	it	PRON
ftr-305	818	2	would	would	AUX
ftr-305	818	3	also	also	ADV
ftr-305	818	4	be	be	AUX
ftr-305	818	5	taxed	tax	VERB
ftr-305	818	6	on	on	ADP
ftr-305	818	7	any	any	DET
ftr-305	818	8	capital	capital	NOUN
ftr-305	818	9	gain	gain	NOUN
ftr-305	818	10	not	not	PART
ftr-305	818	11	distributed	distribute	VERB
ftr-305	818	12	,	,	PUNCT
ftr-305	818	13	but	but	CCONJ
ftr-305	818	14	the	the	DET
ftr-305	818	15	shareholder	shareholder	NOUN
ftr-305	818	16	would	would	AUX
ftr-305	818	17	be	be	AUX
ftr-305	818	18	entitled	entitle	VERB
ftr-305	818	19	to	to	ADP
ftr-305	818	20	a	a	DET
ftr-305	818	21	refundable	refundable	ADJ
ftr-305	818	22	credit	credit	NOUN
ftr-305	818	23	for	for	ADP
ftr-305	818	24	the	the	DET
ftr-305	818	25	tax	tax	NOUN
ftr-305	818	26	paid	pay	VERB
ftr-305	818	27	by	by	ADP
ftr-305	818	28	the	the	DET
ftr-305	818	29	reit	reit	PROPN
ftr-305	818	30	or	or	CCONJ
ftr-305	818	31	ric	ric	VERB
ftr-305	818	32	on	on	ADP
ftr-305	818	33	the	the	DET
ftr-305	818	34	retained	retain	VERB
ftr-305	818	35	capital	capital	NOUN
ftr-305	818	36	gain	gain	NOUN
ftr-305	818	37	.	.	PUNCT
ftr-305	819	1	44	44	NUM
ftr-305	819	2	florida	florida	PROPN
ftr-305	819	3	tax	tax	NOUN
ftr-305	819	4	review	review	NOUN
ftr-305	819	5	[	[	X
ftr-305	819	6	vol	vol	NOUN
ftr-305	819	7	.	.	PUNCT
ftr-305	820	1	14:1	14:1	NUM
ftr-305	820	2	indeed	indeed	ADV
ftr-305	820	3	,	,	PUNCT
ftr-305	820	4	one	one	NUM
ftr-305	820	5	point	point	NOUN
ftr-305	820	6	that	that	SCONJ
ftr-305	820	7	the	the	DET
ftr-305	820	8	debate	debate	NOUN
ftr-305	820	9	on	on	ADP
ftr-305	820	10	firpta	firpta	NOUN
ftr-305	820	11	repeal	repeal	NOUN
ftr-305	820	12	neglects	neglect	VERB
ftr-305	820	13	is	be	AUX
ftr-305	820	14	the	the	DET
ftr-305	820	15	treatment	treatment	NOUN
ftr-305	820	16	of	of	ADP
ftr-305	820	17	pass	pass	NOUN
ftr-305	820	18	-	-	PUNCT
ftr-305	820	19	throughs	throughs	NOUN
ftr-305	820	20	.	.	PUNCT
ftr-305	821	1	some	some	PRON
ftr-305	821	2	seem	seem	VERB
ftr-305	821	3	to	to	PART
ftr-305	821	4	assume	assume	VERB
ftr-305	821	5	that	that	SCONJ
ftr-305	821	6	there	there	PRON
ftr-305	821	7	is	be	VERB
ftr-305	821	8	either	either	CCONJ
ftr-305	821	9	direct	direct	ADJ
ftr-305	821	10	investment	investment	NOUN
ftr-305	821	11	in	in	ADP
ftr-305	821	12	usrp	usrp	NOUN
ftr-305	821	13	or	or	CCONJ
ftr-305	821	14	investment	investment	NOUN
ftr-305	821	15	by	by	ADP
ftr-305	821	16	a	a	DET
ftr-305	821	17	corporation	corporation	NOUN
ftr-305	821	18	,	,	PUNCT
ftr-305	821	19	whether	whether	SCONJ
ftr-305	821	20	u.s	u.s	PROPN
ftr-305	821	21	.	.	PROPN
ftr-305	821	22	or	or	CCONJ
ftr-305	821	23	foreign	foreign	ADJ
ftr-305	821	24	,	,	PUNCT
ftr-305	821	25	and	and	CCONJ
ftr-305	821	26	thus	thus	ADV
ftr-305	821	27	do	do	AUX
ftr-305	821	28	not	not	PART
ftr-305	821	29	consider	consider	VERB
ftr-305	821	30	the	the	DET
ftr-305	821	31	ce	ce	NOUN
ftr-305	821	32	...	...	PUNCT