Final IRS Rules On REIT Dividends Create Statutory Conflict

Law360 (July 14, 2020, 6:32 PM EDT) -- Internal Revenue Code Section 199A,[1] which generally provides a 20% deduction to individuals with respect to their qualified business income, has been one of the most talked-about — and commented on — aspects of the 2017 Tax Cuts & Jobs Act.[2]

On June 24, the U.S. Department of the Treasury and the Internal Revenue Service published final regulations that provide welcome guidance on a number of issues, including on how certain income earned by regulated investment companies, or RICs, which include mutual funds and other types of investment entities, can generate a deduction for the individual shareholder of the RIC.[3]

Conduit Treatment...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!