Eligible taxpayers may also be entitled to a deduction
of up to 20 percent of their combined qualified real estate investment trust
(REIT) dividends and qualified publicly traded partnership (PTP) income. This
component of the section 199A deduction is not limited by W-2 wages or the UBIA
of qualified property.
Individuals, trusts and estates
with qualified business income, qualified REIT dividends or qualified PTP
income may qualify for the deduction. In some cases, patrons of horticultural
or agricultural cooperatives may be required to reduce their deduction.
