### Question
How does Income Taxes define real estate investment trust taxable income?


### Answer
Under *26 U.S.C. § 857*, **real estate investment trust taxable income** is defined as:

> the taxable income of the real estate investment trust, adjusted as follows:


(A) The deductions for corporations provided in part VIII (except section 248) of subchapter B (section 241 and following, relating to the deduction for dividends received, etc.) shall not be allowed

#### Citation:
  - *26 U.S.C. § 857*
  - 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**

