What’s Next for the Passthrough Deduction

 
TaxNotes
February 19, 2019

Brian Hammell was mentioned in the article, "What’s Next for the Passthrough Deduction," which was published by TaxNotes [sub. req.] on February 19, 2019.

In the article, Brian commented that the proposed regulations that allow a REIT dividend to flow through a RIC are consistent with congressional intent. He noted that REITs got a relatively good deal in section 199A compared with other businesses that are subject to the W-2 wage limits and other restrictions on the availability of the deduction, but that extra-statutory provisions in the regulations should be eliminated that contain hidden pitfalls for unsuspecting REIT investors.