Page 211 - Large Business IRS Training Guides

Real Estate Mortgage Investment Conduit

(REMICs)

• Applicable rules found in IRC §§ 860A – 860G

• REMIC is not treated as carrying on a trade or

business for purposes of IRC § 162

(Treas. Reg. § 1.860C-2(b)(4)).

• Business interest expense limitations do not

apply to a REMIC

(Prop. Treas. Reg. § 1.860C-2(b)(2)(ii)).

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