In this week’s episode of the Tax Smart REI Podcast, Thomas Castelli and Ryan Carriere, CPA, break down the Senate’s draft tax bill and what it could mean for real estate investors if it becomes law.
Key topics covered:
- 100% bonus depreciation made permanent: what this really means
- Major changes to Qualified Opportunity Zones (QOZs)
- Updates to Section 179 and interest expensing rules
- The fate of the SALT cap and why it’s still a moving target
- Expanded QSBS exclusion and its impact on startup investors
- The Senate’s fix to Excess Business Loss (EBL) carryovers
- Why QBI stays at 20% and who gets left out of the benefit
Plus, Thomas and Ryan take questions from the Tax Smart community on short-term rentals without guest stays, the risks of self-preparing complex tax returns, and what happens when you sell a property at a loss.
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