The Tax Cuts and Jobs Act, signed into law in December 2017, promised radical changes to the federal tax code. Many of its goodies were aimed at the real estate industry, but because of a critical drafting error, many...more
In a prior post, I highlighted the effect the December 2017 Tax Cuts and Jobs Act has on Section 1031 tax deferred exchanges. While those changes affected investors in everything but real estate, other provisions of the Act...more
3/30/2018
/ Bonus Depreciation ,
C-Corporation ,
Corporate Taxes ,
Farms ,
Home Equity Line of Credit ,
Landlords ,
Mortgage Interest ,
Property Tax ,
Standard Tax Deduction ,
Tax Cuts and Jobs Act ,
Tax Deductions
Section 1031 of the tax code allows sellers of investment property to defer capital gains if the proceeds are reinvested in "like kind" property within certain timeframes. Prior to 2018, 1031 exchanges could be used for many...more