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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.