In a recent article by Holly Williams of Forbes, Holly touches on the tax law changes that may work to the Real Estate Investors benefit.
“We have all heard that the only sure things in life are death and taxes. That is certainly true, but some people are simply not aware that investing in real estate is one way to lower that tax bill. In fact, I left my advertising career last year to pursue real estate investing full time because my investments helped me defer so much in taxes. (Remember, I am not a tax professional. Consult your CPA about your personal situation.)
Most people know that real estate investing can provide cash flow and appreciation, along with other benefits that can be incredibly tax friendly. But due to the 2017 Tax Cuts and Jobs Act, many investors are now able to take advantage of a little-known section of the new tax code called bonus depreciation. Taking advantage of bonus depreciation is tough to do with small properties, but when you buy or invest in large commercial properties, it can be a game-changer.”