CREPN #76 - Trump Administration Tax Plan and its Affects on Real Estate

Reducing taxable income through interest expenses and depreciation are the cornerstone to a Real Estate Investors tax return.  What happens if President Trump and the Republican Congress pass, “A Better Way” tax reforms?  

Does a simpler tax code eliminate depreciation? What about repair regulations, cost segregation and the 1031 exchange?

All of these are possible in the Republican Congress attempt at tax reform.  

Jonathan McGuire, a real estate consultant at Aldrich Advisors, discusses all of these at length and provides examples of how the proposed changes compare to what the current tax consequences.  

While the goal is to simplify tax reporting and collection, the pain of change may scare you at first glance.  The changes make the consequences more directly related to the transaction and eliminate many current record keeping exercises to calculate taxes owed.

On a scale of one to ten, Jonathan believes that as much as sixty percent of the proposed changes will become part of the tax code.  The only certainty in life are death, taxes and change.  

For more, email Jonathan at:

jmcguire@aldrichadvisors.com

https://aldrichadvisors.com/