Form 1066

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Form 1066

A form that one files with the IRS to state the income, losses, deductions, and credits applicable to a real estate mortgage investment conduit. The form is also used for the REMIC to pay taxes on prohibited transactions, additional contributions of capital, and income from foreclosures. Other taxes are passed through to the REMIC holders.
References in periodicals archive ?
Partnership, Forms 1066 and 10668 [3] 1,760,900 1,680,300
Partnership, Forms 1066 and 10668 [3] 2,066,800 2,166,000
The additional return types being forecast by Research staff for the first time, i.e., Forms 1066, 2553, and 8868 will impact the reported total and subtotals.