EXEMPT ORGANIZATIONS

Rev. Rul. 2006–58, page 876. Charitable remainder trust; real estate investment trust (REIT). This ruling illustrates the application of section 860E of the Code where a charitable remainder trust is a shareholder of a real estate investment trust (REIT) or a partner of a partnership, and the REIT or the partnership has excess inclusion income.

Notice 2006–97, page 904. This notice provides interim guidance (and requests comments and suggestions for further guidance) under sections 860E(d) and 7701(i)(3) of the Code, relating to the taxation and reporting of excess inclusion income of pass-through entities, including real estate investment trusts (REITs) that own taxable mortgage pools or residual interests in real estate mortgage investment conduits (REMICs).