CAlling BP CPA to write post to clarify new tax bill for landlord

[Jay Hinrichs]

@Mindy Jensen    Mindy it would be great if you can twist one of the CPA on BP to do a nice post on the effects of the new tax bill.. as I know the threads will start to run wild with you can do this you cant do that..

from what I glean and whats important to me.

1.. cant write off state income tax from federal.. that's a biggee for high tax states and conversely makes no tax states more attractive to those who can move.

2. limits property tax write off to 10k on personal resi.. that effects high tax rate states.. and high value states.

As I no longer have rental property I was not really tracking what it effects there.. but I was planning on selling my personal resi and getting the 500k tax free.. it looks like now I will have to hold one more year as I have only been in this home 4 years not five.

etc etc.

[Brandon Hall]

@Jay Hinrichs we put together a google doc that highlights each bill's proposed tax changes. BP previously let me post it so I'm assuming it's still okay to do so.

https://docs.google.com/document/d/1wXgWAnxAvPcUVK...

It has not been updated with the Senate's new bill as of this morning.