Nareit and ICI Request Treasury Finalize Guidance Confirming Qualified REIT Dividend 20% Deduction Applies to Mutual Fund Shareholders

Nareit and the Investment Company Institute (ICI) submitted comments to the Treasury Department and the IRS on the Proposed Regulations released in January related to the 20 percent deduction for certain business income enacted in the 2017 tax reform bill. Nareit and the ICI have requested that the Proposed Regulations confirming that the section 199A 20 percent deduction applies to Qualified REIT Dividends received by mutual fund shareholders be finalized as proposed.

(Contact: Cathy Barre at cbarre@nareit.com)