left-caret
Insights

attorney authored

IRS Rules that Interest in a Money Market Fund is a Cash Item for REITs

September 24, 2012

By ANDREW M. SHORT, KRISTEN CHANG WINCKLER, & MATTHEW G. BRIGHAM

This article, featured in the Fall 2012 issue of the Real Estate Finance Journal, discusses the implications of a recent revenue ruling by the Internal Revenue Service that established that an interest in a money market fund qualifies as a cash item for purposes of the Internal Revenue Code's REIT asset test.