By Noel Christopher
Since the recently passed Tax Cuts and Jobs Act (TCJA) went through last December, real estate investors — including many of my own clients — have been rushing to make sense of it all. In what represents the most sweeping U.S. tax reform since the Tax Reform Act of 1986, many of the changes are set to have a significant impact on businesses and individuals alike.
Take, for example, the new 20% deduction that's available on pass-through income for sole proprietors and LLCs. Or the higher 100% bonus depreciation allowance on the purchase of business assets. Despite the fact that this act contains some complicated areas, the good news is that generally speaking, business will most likely benefit from it — and that includes many real estate investors. Click here to read the full article.