Here's How the New Tax Plan Impacts Real Estate Investors

[Brandon Hall]

Our firm has analyzed and condensed portions of the House Bill, H.R.1 released on 11/2/17. Specifically, we have compiled sections of H.R.1 relevant to real estate investors and business owners.

See our complete thoughts on the H.R.1 bill by clicking this link (and feel free to share it!).

Two big wins are:
1. Elimination of the Alternative Minimum Tax.
2. Reduction in in tax rates for C-Corps to a maximum 20% and most S-Corps and LLCs to a maximum 25% tax rate.

Two big losses are:
1. Loss of itemized deductions (state & local income taxes and a $10,000 limit on real property taxes).
2. The Section 121 Exclusion which allows you to exclude capital gains on the sale of your primary residence has been modified to make it harder to claim.