Real Estate Investors Get Late-Added Perk in Tax Bill
Bloomberg released an article covering the sudden changes in the tax bill that could be a benefit to real estate investors. I have linked to the whole article , but here are a couple of the basic changes that it discusses:
The tax bill would slash the tax rate for “C corporations” to 21 percent from 35 percent,
Property held by a business is “depreciable” -- meaning it can be reflected as declining in value over time under accounting rules -- even though it may rise in market value. Depreciable property includes apartment buildings, housing complexes, office towers and shopping centers.
The change, which would allow real estate businesses to take advantage of a new tax break that’s planned for partnerships, limited liability companies and other so-called “pass-through” businesses, combined elements of House and Senate legislation in a new way.
Read a more in-depth report about it here on Bloomberg:
Real Estate Investors Get Late-Added Perk in Tax Bill
Please be sure to check out my others articles on real estate, investing , and cryptocurrency ( and some other random dog stuff)
I always upvote comments to my blog posts
This is great to know! Thank you for the recent update.
Isn't investing in crypto more lucrative anyway @jorlauski? :D
Investing in crypto is more lucrative than real estate, but then again, so is the stock market. It all depends on when you buy and when you sell. @jorlauski makes a great point, though. It's important to have diversification. I'm using earnings from my cryptomining to pay for real estate. When a hacker takes all you have in your cryptowallet, it's comforting, at least, to come back to a home you own. :) naw...it's just good to have multiple streams of income.
it is very lucrative - but a true investor knows that you must have multiple streams of income and diversify your holdings. I invest in stocks, real estate, cryptocurrency, and life skills. I think it is exciting to plant money seeds all over and watch them sprout. What crypto do you invest in?
I haven't been on here in a while. I've been busy with school...Great tidbit of info you shared. Thanks!
hi @bobthebuilder - good to see you. I was wondering what happened to you. We finished with the flip - I posted several before and after posts that you can check out when you get time. It looks really great now that we're done.
This post has received gratitude of 0.54 % from @appreciator thanks to: @jorlauski.
I am not sure if you saw the final bill but they ended up doing a 20 percent deduction on taxes for pass throughs instead of the lower rate. There are some limitations on it as well. Overall great news for investors