{"identifier":"/us/usc/t26/s860A","title":26,"num":"\u00a7\u202f860A.","heading":"Taxation of REMIC\u2019s","text":"\u00a7\u202f860A.\nTaxation of REMIC\u2019s\n(a)\nGeneral rule\nExcept 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).\n(b)\nIncome taxable to holders\nThe income of any REMIC shall be taxable to the holders of interests in such REMIC as provided in this part.","url":"https://projectusc.org/usc/t26/s860A.html","content":[{"t":"sec","id":"/us/usc/t26/s860A","children":[{"t":"num","text":"\u00a7\u202f860A."},{"t":"heading","text":"Taxation of REMIC\u2019s"},{"t":"subsec","id":"/us/usc/t26/s860A/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"General rule"},{"t":"content","children":[{"t":"p","text":"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).","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t26/s860A/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Income taxable to holders"},{"t":"content","children":[{"t":"p","text":"The income of any REMIC shall be taxable to the holders of interests in such REMIC as provided in this part.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}