Thanks, Mike. Actually, the interaction with reit dividends was one of the confounding things that prompted me to ask this. I’m assuming that is only triggered in the event that the accumulated negative QBI from a PTP becomes unsuspended in the year of disposal, and therefore is able to net with that year’s reit dividends. Right?
Otherwise, how would the reit dividends be distributed among multiple PTP holdings to arrive at net adjusted QBI amounts for each of them? It doesn’t make sense to me that it could work like that, but I’ve never come across an interpretation that explicitly clarifies this.
