Sitting pretty – Real estate industry among the big winners on new tax law
Abstract: By passing the Tax Cuts and Jobs Act (TCJA) in late December 2017, Congress granted the holiday wishes of many involved in real estate. While the TCJA brought good cheer for the business community in general, the real estate industry is particularly likely to reap some lucrative rewards. This article highlights some of the provisions affecting real estate. A sidebar discusses the retention of Section 1031 like-kind exchanges and certain tax credits.