Estate and Succession Planning
Dean Mead’s Estate and Succession Planning Department is one of the largest and most respected groups of estate planning attorneys in Florida. We are frequently…
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.”
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