You wanted to know if ANY taxpayer can claim the REIT and PTP dividend deduction under sec 199A!
The deduction allows eligible taxpayers to deduct up to 20 percent of their qualified business income (QBI), plus 20 percent of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income. Income earned through a C corporation or by providing services as an employee is not eligible for the deduction. https://www.irs.gov/newsroom/qualified-business-income-deduction
Also,a rental real estate enterprise will be treated as a trade or business for purposes of the QBI deduction if certain criteria are met. For more information, on the safe harbor see News Release IR-2019-158
Are all 199-A Qualified?
Yes provided they are received through a passthrough entity.
"Section 1.199A-6 requires passthrough entities to report section 199A information to their owners or beneficiaries. Taxpayers need to report the information to the IRS by attaching the applicable statement to Form 1040 or to the Schedules K-1 for the Form 1041, Form 1065, or Form 1120S, as appropriate, to ensure the correct amount of deduction is reported under section 199A."
https://www.irs.gov/pub/irs-drop/td-reg-107892-18.pdf
Yes. TurboTax will update the 8995. I do hesitate to give a date because it has been delayed several times.
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