– UPDATE: Tax Reform for Commercial Real Estate –
On Dec. 22, President Trump signed the Tax Cuts and Jobs Act into law making sweeping changes to the tax code. There is some good news for commercial real estate with 1031 like kind exchanges for real estate being retained. The Historic Tax Credit for certified historic structures has also been preserved, although the credit must now be taken over a 5-year period.
This summary is intended to highlight those provisions affecting commercial real estate. Please consult a tax professional regarding your individual circumstances.
(Click here for the complete Summary)
– Featured Property –
311 S Oak St, Roanoke, TX 76262
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