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Updated about 7 years ago,
How does the new tax bill affect LLC owned real estate?
I saw the new tax bill passed in December, and there is a change that pass-through entities (LLCs for example) will get a 20% tax deduction.
Did I read into this correctly? Are any CPAs out there who could shed some light on this or is it just not that simple? I'm just curious if this is an additional incentive to rent properties through an LLC (on top of the liability advantage)?