Type PLR Subject 2.00 - Income Tests - (75% & 95%) 2.05 - Litigation Recoveries Keywords Gross Income Defined Items of Income Ignored Litigation Recoveries Generally Section 856(c)(5)(J) Year 2011 IRS Link http://www.irs.gov/pub/irs-wd/1145008.pdf Tax Report Link Taxreport2011-38 Summary For purposes of REIT asset and gross income tests, IRS ignores settlement proceeds. Title 201145008 Guidance Tags PLR - 201145008