In the January/February 2019 edition of the Journal of Passthrough Entities, Norman Lencz and Chris Davidson published "Taking Advantage of Code Sec. 199A -- Is It Time to Convert to a REIT?"Here is an excerpt:
One of the potential biggest benefits the Tax Cuts and Jobs Acts of 2017 brought to non-corporate taxpayers was the new 20% passthrough deduction (the “199A Deduction”) available with respect to qualified business income (“QBI”), qualified REIT dividends, and qualified publicly traded partnership income set forth in Code Sec. 199A.
The column focuses on one type of taxpayer that may have difficulty qualifying for the 199A Deduction— mortgage funds.