Treatment of gain or loss.
Treatment of gain or loss. For purposes of determining the taxable income or net loss of a REMIC under section 860C(b), any gain or loss from the disposition of any asset, including a qualified mortgage (as defined in section 860G(a)(3)) or a permitted investment (as defined in section 860G(a)(5) and 1.860G2(g)), is treated as gain or loss from the sale or exchange of property that is not a capital asset.