Edsel Posted February 1, 2019 Report Share Posted February 1, 2019 To me one of the most confusing parts of the 199A. investment in a REIT qualifies. a small duplex does not. Apparently this is true even proceeds from the duplex are $20,000 and the K-1 from the REIT may show only $200. It has been suggested that the REIT reflects a business and the duplex not much of a business. Your opinion(s)? Quote Link to comment Share on other sites More sharing options...
Lee B Posted February 2, 2019 Report Share Posted February 2, 2019 There are a number of specially enumerated provisions that make no sense other than real estate lobbyists with lots of money bent the ear of members on the Joint Committee on Taxation at the last minute and got special provisions written into the law for their wealthy clients. The qualification of REIT Dividends and PTP Income are just two of many. It is especially ironic because before the the TCJA was signed into law, all of the proponents were talking about what a great incentive this would be for real estate investors big and small. ! 5 Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted February 2, 2019 Report Share Posted February 2, 2019 4 hours ago, cbslee said: s especially ironic because before the the TCJA was signed into law, all of the proponents were talking about what a great incentive this would be for real estate investors big and small. ! And a windfall for those already invested. 1 Quote Link to comment Share on other sites More sharing options...
Possi Posted February 2, 2019 Report Share Posted February 2, 2019 It seems clear as mud to me. It won't make a lot of difference with my clients, but it will some... so, I'm still looking. Maybe NATP has something I can understand. 1 Quote Link to comment Share on other sites More sharing options...
Possi Posted February 2, 2019 Report Share Posted February 2, 2019 This might help, if you can access it. https://www.natptax.com/TaxKnowledgeCenter/IRS Tax Resources/NATP 199A Final Regs Summary.pdf 2 Quote Link to comment Share on other sites More sharing options...
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