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Sec. 860A Taxation of REMIC's

  • Internal Revenue Code of 1986
  • Chapter 1 -- Normal Taxes and Surtaxes
  • Subchapter M -- Regulated Investment Companies and Real Estate Investment Trusts
  • Part IV -- Real estate mortgage investment conduits

(a) General rule. Except as otherwise provided in this part, a REMIC shall not be subject to taxation under this subtitle (and shall not be treated as a corporation, partnership, or trust for purposes of this subtitle).

(b) Income taxable to holders. The income of any REMIC shall be taxable to the holders of interests in such REMIC as provided in this part.

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