My latest: Stimulus bill features a potential tax boondoggle for real estate investors: nyti.ms/2QKweAn
The provision, added by Senate Republicans, removes a 2017 cap on investors' ability to use tax losses -- which for real estate investors often exist only on paper -- to offset taxes on other income.
One real estate investor who could benefit from this narrow provision: Jared Kushner. See this relevant story from 2018, by @flitteronfraud and me: nytimes.com/2018/10/13/bus…
Another potential beneficiary: @realdonaldtrump nytimes.com/2016/10/02/us/…
Important to keep in mind, this only benefits people who have at least $500,000 in non-business income. In other words, it is tax relief narrowly targeted on the top 1 percent of Americans. No one else is eligible. That is a hard and fast rule.
