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Directory Results for Revenue Procedure 2003-61 - Treatment of Community Income & Relief From Joint and Several Liability on a Joint Return. This procedure provides guidance for taxpayers seeking equitable relief from income tax liability under section 66(c) to Revenue Procedure 2003-66 - Real Estate Investment Trust (REIT). This revenue procedure describes conditions under which payments to a real estate investment trust (REIT) from a joint venture between a taxable REIT subsidiary of the REIT