What does the new tax reform mean for real estate investors?

[Christian Ferreira]

With the annoucement of the new GOP tax bill, I have seen a chunk pertains real estate taxes involving deduction limits. Without going into political stance could someone please explain what this new tax reform bill will mean for real estate investors?

Thank you.

[Account Closed]

Based on what I've read, the deduction on your personal mortgage has been reduced to $500,000 on ANY NEW MORTGAGE and there is a repeal of the AMT.  Real estate tax deductions are still in place but State Income/Sales Tax Deductions are out the door.

From an investment perspective, the impact should be positive (with the removal of AMT if you are subject to AMT) and have no effect on mortgage deductions.  I haven't seen anything indicating a change to the $25k loss allowance limitation on property rentals and I haven't seen anything indicating a change to business profits and losses.