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§860A — Taxation of REMIC’s

Statute Text — 26 U.S.C. §860A

(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.

Treasury Regulations

  • Treas. Reg. §Treas. Reg. §1.860A-0 Outline of REMIC provisions
  • Treas. Reg. §Treas. Reg. §1.860A-0(a) Transfer of a residual interest with tax avoidance potential.
  • Treas. Reg. §Treas. Reg. §1.860A-0(b) §1.860A-0(b)
  • Treas. Reg. §Treas. Reg. §1.860A-0(c) Treatment of certain credit enhancement contracts.
  • Treas. Reg. §Treas. Reg. §1.860A-0(d) Treatment of certain purchase agreements with respect to convertible mortgages.
  • Treas. Reg. §Treas. Reg. §1.860A-0(e) Prepayment interest shortfalls.
  • Treas. Reg. §Treas. Reg. §1.860A-0(f) Defective obligations.
  • Treas. Reg. §Treas. Reg. §1.860A-0(g) Permitted investments.
  • Treas. Reg. §Treas. Reg. §1.860A-0(h) Outside reserve funds.
  • Treas. Reg. §Treas. Reg. §1.860A-0(i) Defined.
  • Treas. Reg. §Treas. Reg. §1.860A-0(j) Clean-up call.
  • Treas. Reg. §Treas. Reg. §1.860A-0(k) Startup day.
  • Treas. Reg. §Treas. Reg. §1.860A-0(v) Prepayment interest shortfalls.
  • Treas. Reg. §Treas. Reg. §1.860A-1 Effective dates and transition rules
  • Treas. Reg. §Treas. Reg. §1.860A-1(a) In general.
  • Treas. Reg. §Treas. Reg. §1.860A-1(b) Exceptions—(1) Reporting regulations.

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