With both federal and state tax laws as complicated as they are, many people prefer to leave the details to their own advisers and tax preparers. Others prefer a much more hands-on approach so they know exactly what’s happening to their hard-earned money.
To help, we’ll pass along links to sources of tax information we come across that may be of particular interest to IRA investors. For instance, a new special report from Marcus & Millichap, “Tax Cuts and Jobs Act,” notes that the tax legislation that became law in late December retains many key provisions for real estate investors. The January 2018 report breaks down several points for a closer look.
Another good source of information is the IRS website, since it’s now up to that agency to implement the tax changes mandated by Congress. You can keep tabs on IRS actions by clicking here.
Stay tuned, as we’re sure they’ll be more news and helpful information to come.