Tax Planning for Real Estate Under the TCJA

Of all the massive changes included in the Tax Cuts and Jobs Act of 2017, those affecting real estate owners, investors and developers may be the most difficult to navigate. This article offers a preliminary take on how the new §199A deduction, the new 30% limit on business interest expense, changes to the like-kind exchange and cost recovery rules and other provisions work and interact to inform real estate investment and development decisions.