The Tax Reform bill has passed and is awaiting the President’s signature. NAR has produced a comprehensive document that summarizes the changes affecting real estate professionals and homeowners. All individual provisions are generally effective after December 31, 2017 for the 2018 tax filing year and expire on December 31, 2025 unless otherwise noted. The provisions do not affect tax filings for 2017 unless noted. If you scroll down to Appendix 2, there are several examples of how the deduction for qualified business income could affect various homeowners. Remember that you should always consult a tax professional about your own personal circumstances. Click HERE to learn more. #sellingyoualifestyle
