IRS Modifies Guidance on Distressed Debt Held by REITs

Recent IRS guidance modifies the rules for determining the value of a distressed mortgage that the taxpayer can include as a real estate asset for purposes of the�REIT asset test.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/wBq6JOHRwW0/Ray_May15.aspx

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