[Code of Federal Regulations]
[Title 17, Volume 2]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR210.3-15]

[Page 245-246]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
PART 210--FORM AND CONTENT OF AND REQUIREMENTS FOR FINANCIAL STATEMENTS,
 
Sec. 210.3-15  Special provisions as to real estate investment trusts.

    (a)(1) The income statement prepared pursuant to Sec. 210.5-03 shall 
include the following additional captions between those required by 
Sec. 210.5-03.15 and 16: (i)

[[Page 246]]

Income or loss before gain or loss on sale of properties, extraordinary 
items and cumulative effects of accounting changes, and (ii) gain or 
loss on sale of properties, less applicable income tax.
    (2) The balance sheet required by Sec. 210.5-02 shall set forth in 
lieu of the captions required by Sec. 210.5-02.31(a)(3): (i) The balance 
of undistributed income from other than gain or loss on sale of 
properties and (ii) accumulated undistributed net realized gain or loss 
on sale of properties. The information specified in Sec. 210.3-04 shall 
be modified similarly.
    (b) The trust's status as a real estate investment trust under 
applicable provisions of the Internal Revenue Code as amended shall be 
stated in a note referred to in the appropriate statements. Such note 
shall also indicate briefly the principal present assumptions on which 
the trust has relied in making or not making provisons for Federal 
income taxes.
    (c) The tax status of distributions per unit shall be stated (e.g., 
ordinary income, capital gain, return of capital).

[45 FR 63687, Sept. 25, 1980, as amended at 50 FR 49532, Dec. 3, 1985]