Tax Expert Discusses Financial Reporting Issues for REITs Post Tax Reform

Adam Feuerstein, national real estate tax technical leader at PwC, participated in a video interview at Nareit’s REITwise: 2019 Law, Accounting & Finance Conference in San Antonio.

Feuerstein discussed a panel that he participated on at REITwise focused on emerging tax issues for REITs, the practical uses of REIT savings clauses, and the biggest open issues that REITs face in implementing the section 199A 20 percent deduction rules.

Feuerstein said interest deductibility limits under section 163(j) of the new tax law is the main issue REIT tax directors should be focused on.

“A complicated set of rules, a moving playing field, and some different views about how the rules should be interpreted [are] making it a little bit more challenging this year than in prior years,” he said.