Real Estate Tax Changes Would Create Confusion, Difficulty
Law360, Minneapolis (May 9, 2017, 11:39 AM EDT) -- Developers are carefully watching Washington for indications of whether President Donald Trump may attempt to change like-kind exchanges or rules for tax treatment of property expenses, and while certain alterations could be beneficial, many developers are hoping those areas remain unchanged, lawyers say.
Investors for decades have relied on 1031 exchanges to roll over capital gains tax liability into future purchases, and if those benefits went away, deal flow could be severely curtailed.
But on the other hand, if all or a large amount of property expenses could be immediately written off, which is not currently the case, developers would have...
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