Major changes in property investments due to new tax laws

[Cindi Anderson]

If I'm understanding how the new tax laws affect RE investors, I'm surprised there's not more talk about this. It seems that unless you qualify as a "rental property" (currently or actively trying to rent), then no expenses other than property tax and interest are deductible or even able to be added to your cost basis. So no deduction (or reduction of eventual gain) for HOA dues, landscaping, utilities, insurance, attorney's fees, maintenance and repairs, etc.

It seems that this also applies to any maintenance and repairs which are done to sell a property, but I'm not 100% sure about that.  Maybe people in the "business" of flipping still can?   

Is it possible people just haven't figured this out yet because it hasn't been publicized?  Would love to hear what you all think about these changes.

[Ashish Acharya]

Originally posted by @Cindi Anderson:

If I'm understanding how the new tax laws affect RE investors, I'm surprised there's not more talk about this. It seems that unless you qualify as a "rental property" (currently or actively trying to rent), then no expenses other than property tax and interest are deductible or even able to be added to your cost basis. So no deduction (or reduction of eventual gain) for HOA dues, landscaping, utilities, insurance, attorney's fees, maintenance and repairs, etc.

It seems that this also applies to any maintenance and repairs which are done to sell a property, but I'm not 100% sure about that.  Maybe people in the "business" of flipping still can?   

Is it possible people just haven't figured this out yet because it hasn't been publicized?  Would love to hear what you all think about these changes.

 Where did you read that? I think you might be misunderstanding some laws. 

I am not aware of any changes like that, unless new law was passed this morning.