Tax Tip: New Line on Form 1099 for REITs

Income from real estate investment trusts can qualify for a new tax deduction on 2018 returns.

(Image credit: Nora Sahinun)

What's a 199A dividend? New for 2018 tax returns, this term refers to income from a real estate investment trust -- and those 199A dividends could qualify for a sweet tax break.

Part of federal tax reform, Section 199A of the tax code details the rules for the new 20% tax break for qualified business income. And under those rules, REIT investment income is eligible for the 20% QBI deduction.

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