My question is this, Linking the QBI deduction and the REIT and PTP dividends as pass through entities implied in the draft instructions that only those in a ":trade or business" would be eligible for the 20% deduction,
So the question is" Can ANY taxpayer claim the REIT and PTP dividend deduction under sec 199A!
In addition, the draft instructions as I read them noted that only REIT dividends paid out of earnings qualified under 199A. The community reply to my earlier posting was that REIT dividends as reported under 199A are assumed to be paid out of earnings, In addition, to meet 199A inclusion, the payee has to be "qualified"
Which REIT and PTP entities are qualified?
Finally, will TurboTax update its program to include form 8995
