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A redemption request may not be a cash election. Read who chooses cash, shares or a combination. Save the agreement, notice and written response.

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Recalculate the unit-to-share exchange. Confirm the unit class, share class, ratio and date. Record every adjustment and fractional-share term.

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REIT shares do not guarantee liquidity. Check listing status, legends, ownership limits and transfers. Read any share repurchase plan separately.

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Keep the tax record separate from account value. Preserve K-1, outside basis, liability and settlement records. Ask the CPA how the specific event is reported.

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Treat a later share sale as a new event. Retain the sale or repurchase confirmation and proceeds. Do not use NAV as tax basis without support.