In a letter submitted to the Treasury Department and the IRS on Oct. 1, Nareit offered comments regarding the Proposed Section 199A Regulations (Proposed Regulations) issued Aug. 16. Nareit’s primary request is for Treasury and IRS confirmation that both direct holders of REIT stock and indirect shareholders of REITs through mutual funds receive section 199A’s 20 percent deduction for qualified REIT dividends.

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