### Question
How is the "qualified trust" defined?


### Answer
The term **qualified trust** is defined in *26 U.S.C. § 856* as follows -

> any trust described in section 401(a) and exempt from tax under section 501(a)

#### Citation:
  - *26 U.S.C. § 856*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter M-Regulated Investment Companies and Real Estate Investment Trusts > PART II-REAL ESTATE INVESTMENT TRUSTS**

