Show Original

Steve Looney in Law360 on 199A Deduction

Published: March 27th, 2019

By: Stephen R. Looney

  • Share:

Tax Attorney, Steve Looney, provides insight for the Law360 article, “Safe Harbor For Pass-Through Break May Invite Gamesmanship.” Looney discusses 199A Deduction and REITs.

“One has to question the soundness of the reasoning, because under 199A those individuals who hold REITs get a 20 percent deduction and those REITs have triple net leases,” Looney said. “I think it will be hard outside of the safe harbor for a triple net lease to work. And I already told you that’s not fair, because REITs will get 20 percent and have triple net leases, and the C corporations have them too and get the 21 percent rate.”

To access the article, click here. Readers will need to subscribe to Law360 to access the complete article.