Type PLR Subject 10.00 - Qualified REIT Subsidiary (QRS) 2.05 - Litigation Recoveries 2.08 - Gross Income Defined 2.08a - Generally 2.08b - Warrants 9.00 - Reorganizations Keywords Break-Up Fee (Not Gross Income) Gross Income Defined Break-up Fee Not Counted for REIT Gross Income Tests Items of Income Ignored Year 2001 IRS Link http://www.irs.gov/pub/irs-wd/0127024.pdf Summary Break up fee does not constitute gross income. Title 200127024 Guidance Tags PLR - 200127024 Referenced By N/A