See below. For those of us that happen to own REIT mutual funds in non-retirement accounts, how exactly does this 'advantage' work, when we file our taxes? Thanks.https://www.fa-mag.com/news/tax-reform-makes-real-estate-investment-trusts-more-attractive-53448.html
FAMag: Tax Reform Makes Real Estate Investment Trusts More Attractive
January 6, 2020 • Jeff Stimpson
... According to the IRS, income from a REIT in a mutual fund will be considered QBI, Cordes said, adding that this deduction is available for all shareholders regardless of their income level or whether they itemize or take the standard deduction.
REITs once had a worse reputation regarding taxes—a bias that lingers even after tax reform. “Most high-net-worth clients are not aware of the additional tax benefits afforded to them for REIT investments created by the TCJA,” said Davin Carey, senior wealth advisor of Carey & Hanna Tax & Wealth Planners in Oxnard, Calif., and a representative of Avantax Investment Services.