### Question
What is the definition of qualified trust?


### Answer
The definition of **qualified trust** is as follows in *26 U.S.C. § 856*:

> 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**

