Skip to main content
No. of Recommendations: 4
Now that most have filed their 2018 tax return, just wondering how the 199A deduction went for the REITs held in taxable accounts.

1. How much 199A deductible dividends did you get per dollar of gross REIT distribution? You can get this by taking your consolidated 1099-DIV, box 5 and divide this by the total of the gross REIT dividends you received. Unfortunately, the 1099-DIV doesn't break out REIT dividends from any other C-Corp dividends, so you'd have to have a separate tracking system. I use Excel and do track REIT dividends, but others may not. And this assumes your only 199A dividends came from REITs...which I think is true. Anyway, my ratio came out .7617 or $.76 of qualifying 199A dividend for every dollar of gross REIT dividend. This is kind of a good way to predict what next years 199A deduction will be for est. tax purposes or just to know for fun.

2. If you hold MLPs in taxable accounts, and it had a 199A loss (K-1 Box 20 AD, I think), did your tax software subtract this MLP loss from your REIT 199A Box 5 dividends in arriving at the final amount that is multiplied by 20% to get the deduction? I don't hold MLPs anymore, but there was a big discussion at SA in an article on this topic, so just curious how others fared.

Bottom line, this was a nice approx $4,300 deduction for us....kinda like tax manna from heaven :-)

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.