The Tax Cuts and Jobs Act would have a wide impact on various aspects of U.S. federal real estate taxation. This program provides a summary of Tax Cuts and Jobs Act and what it means to your business. Our team will address:
• The 20% deduction for income from pass-through entities
• Impact on Homebuilding Industry
• New Qualified Opportunity Zones (Capital Gains Deferral and Basis Step-up)
• Affordable Housing and Low-Income Housing Tax Credits
• New Markets Tax Credits
• Historic Rehabilitation Tax Credit
• Deduction of property taxes for rental real estate
• Business interest deduction for commercial real property
• Required carryforward of excess business losses
• Carried interest limitations on capital gains
• Like-Kind Exchanges