New Rules for Electing Residential Rental Property Owner

People are meeting around a table with papers and charts, electing the best strategies for residential rental property investments. Hands are pointing and writing notes. Warm lighting suggests a collaborative atmosphere, focusing on analytical work and discussion.

On December 27, 2020, former President Trump signed the Consolidated Appropriations Act (CAA) This bill contains tax provisions affecting many industries, including the real estate industry, and also provides for a technical amendment under the 2017 Tax Cuts and Jobs Act (TCJA) for residential rental businesses that made the Real Property Trade or Business (RPTB) […]