The Treasury Department is looking at concerns that some real estate companies may be locked out of taking advantage of some of the business-friendly changes in last year’s giant tax-and-spending law, a Treasury official said.
Addressing the companies’ concerns is “on our radar, it’s something that we’re thinking about,” said Dan Penrith, a Treasury tax policy advisor, speaking at the American Bar Association tax section’s midyear meeting in San Diego.
The concerns stem from an election that real property trades or businesses have been allowed to make to opt out of limits on how much of their interest payments they ...