Congress has approved sweeping tax cuts and tax reform that have not been tackled by the federal government in over 30 years (since the Tax Reform Act of 1986.). The new tax law, formally referred to as “The Tax Cuts and Jobs Act,” will go into effect on January 1, 2018.
This article has the most up-to-date information along with a summary of how the new tax law provisions will affect homeowners and real estate investors who own all types of investment property. Although this article generally does not delve into tax issues not associated with real estate, there are many new tax provisions and this is essential information for anyone that owns real estate to understand.
One of the things I love most about my work is seeing people move from the left side of the CashFlow Quadrant to the right side of the quadrant.
I wanted to take the time to write about the top ten tax deductions available for real estate investors. Though some of this may seem relatively elementary, I've included a few gold nuggets for even our most experienced clients.
