Tax Issues

Letter focuses on both REIT-specific issues that will directly impact UPREITs and broader real estate industry issues.

The Proposed Regulations confirm that the section 199A 20 percent deduction applies to Qualified REIT Dividends received by mutual fund shareholders.

Suggestions meant to improve “the quality, utility, and clarity” of the information collected by the forms.

In the first of three anticipated sets of regulations, the IRS sets forth a variety of computational, definitional, and anti-avoidance guidance regarding the application of Section 199A.

Court to consider if remote sellers required to collect sales and use taxes.

 

Nareit has opposed similar legislative proposals in past years.

Coalition sends letter to the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law regarding No Regulation Without Representation Act.

NAREIT suggests clarifications and improvements to both forms.

Coalition says like-kind exchanges “integral to the efficient operation and ongoing vitality of thousands of American businesses.”

Letter offers suggestions on principles for REITs and real estate in tax reform.

Coalition calls on Senate Finance Committee to consider now-expired deduction for energy efficient building expenses as part of comprehensive tax reform.

Goal is to have bill on Trump’s desk for signature by the end of 2017.