Partnerships, Delegation & Hiring with Nick Huber
Peter Lohmann's Podcast
The Tax Law Changes to Protect Property Owners
If you own a property management company, you are a real estate tax professional. This is not legal advice, et cetera. But you're likely a real estate professional, which means you get to take advantage of this very unique situation. In 2017, something really fascinating happened and that the tax law changed. People who bought a property were a bonus depreciation applied. Before that, it was only if you built a property from the ground up that bonuses depreciation apply. So in 2017, that changed. And now you can deduct a building that you buy and not just a building thatyou build. It's a beautiful thing.
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