How the Tax Cuts and Jobs Act Will Affect Your Business

In Uncategorized by Kevin Gallagher

Join Chris Bird for this month’s timely RealXperts webinar, covering important issues that impact the business of Real Estate that were included in the recently enacted Tax Cuts and Jobs Act of 2017 (12/22/17).

Specifically, Chris will review changes to the Real Estate Tax Deduction for the Principal Residence, the new limitations on the Home Mortgage Interest deduction and the total elimination of the interest deduction on Home Equity Indebtedness. In addition, the NEW QUALIFIED BUSINESS INCOME DEDUCTION that is first available on the 2018 form 1040 will provide for MOST real estate agents a 20% deduction against their real estate sales and rental income profits. Agents also need to be aware of the new restrictions on claiming ENTERTAINMENT expenses starting with the 2018 return.

Wednesday, March 21 at 12:15 pm CST

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