Final Pass-Through Deduction Rules Clear White House Review

The White House has concluded a review of final IRS rules outlining how shareholders of real estate investment trusts can use the 2017 tax law’s write-off for pass-through businesses.

• The Office of Information and Regulatory Affairs finished its review April 17, according to the office’s website.
• The rules fall under tax code Section 199A. The tax law created a 20% deduction under that code section.
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