ordinary income

(1) Ordinary income The term “ordinary income” means the real estate investment trust taxable income (as defined in section 857(b)(2) ) determined— (A) without regard to subparagraph (B) of section 857(b)(2), (B) by not taking into account any gain or loss from the sale or exchange of a capital asset, and (C) by treating the calendar year as the trust’s taxable year.


26 USC § 4981(e)(1)

Scoping language

For purposes of this section
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