### Question
What does qualified temporary investment income mean?


### Answer
**Qualified temporary investment income** has the following meaning in *26 U.S.C. § 856*:

> any income which—


(I) is attributable to stock or a debt instrument (within the meaning of section 1275(a)(1)),


(II) is attributable to the temporary investment of new capital, and


(III) is received or accrued during the 1-year period beginning on the date on which the real estate investment trust receives such capital

#### 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**

