### Question
How is the "qualified reserve asset" defined?


### Answer
The term **qualified reserve asset** is defined in *26 U.S.C. § 860G* as follows -

> any intangible property which is held for investment and as part of a qualified reserve fund

#### Citation:
  - *26 U.S.C. § 860G*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter M-Regulated Investment Companies and Real Estate Investment Trusts > PART IV-REAL ESTATE MORTGAGE INVESTMENT CONDUITS**

