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WHICH OF THE FOLLOWING SITUATIONS OR ACTIVITIES MIGHT PROMPT A FOREIGN INVESTOR IN US REALTY TO OPT FOR THE NET BASIS ELECTION ACTIVELY NEGOTIATING TENANT

WHICH OF THE FOLLOWING SITUATIONS OR ACTIVITIES MIGHT PROMPT A FOREIGN INVESTOR IN US REALTY TO OPT FOR THE NET BASIS ELECTION

ACTIVELY NEGOTIATING TENANT LEASES

DEALER STATUS FOR US REALTY SUBDIVSIONS

RENTAL ACTIVITIES THAT DO NOT GIVE RISE TO A US TRADE OR BUSINESS

RENTAL ACTIVITIES THAT GIVE RISE TO A US TRADE OR BUSINESS

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