17 CFR § 210.12-24 - Real estate owned and rental income. 1

§ 210.12-24 Real estate owned and rental income. 1
Part 1 - Real estate owned at end of period Part 2 - Rental income \
Column A -
List
classification
of property
as indicated
below 23
Column B -
Amount of
incumbrances
Column C -
Initial cost
to company
Column D -
Cost of
improvements,
etc.
Column E -
Amount at
which carried
at close of
period 4567
Column F -
Reserve for
depreciation
Column G -
Rents due and
accrued at
end of period
Column H -
Total rental
income
applicable
to period
Column I -
Expended
for interest,
taxes, repairs
and expenses
Column J -
Net income
applicable
to period
Total 8
Rent from properties sold during period
Total

1 All money columns shall be totaled.

2 Each item of property included in column E in an amount in excess of $100,000 shall be listed separately.

3 In a separate schedule classify by states in which the real estate owned is located the total amounts in support of columns E and F.

4 In a footnote to this schedule, furnish a reconciliation, in the following form, of the total amount at which real estate was carried at the beginning of the period with the total amount shown in column E:

Balance at beginning of period $
Additions during period:
Acquisitions through foreclosure $
Other acquisitions
Improvements, etc
Other (describe)
Deductions during period:
Cost of real estate sold $
Other (describe)
Balance at close of period $

If additions, except acquisitions through foreclosure, represent other than cash expenditures, explain. If any of the changes during the period result from transactions, directly or indirectly, with affiliates, explain and state the amount of any intercompany gain or loss.

5 If any item of real estate investments has been written down or reserved against pursuant to § 210.6-03(d), describe the item and explain the basis for the write-down or reserve.

6 State in a footnote to column E the aggregate cost for Federal income tax purposes.

7 The amount of all intercompany profits included in the total of column E shall be stated if material.

8 Summarize the aggregate amounts for each column applicable to § 210.6-06(1) and 6-06(5)(a).

[16 FR 348, Jan. 13, 1951, as amended at 16 FR 2655, Mar. 24, 1951. Redesignated at 45 FR 63679, Sept. 25, 1980; 83 FR 50208, Oct. 4, 2018]