Creating Wealth Real Estate Investing with Jason Hartman CW 932 - GOP Tax Reform, Prepaying Property Taxes, Improved Retail Sales, Accelerated Bonus Depreciation with a CPA, Part 2
Jason kicks off the show looking at a microtrend he's been seeing after the GOP Tax Reform was passed, which may only be attributable to people wanting to hate anything Trump does. He also looks at the response of people to the tax reform, with people looking to prepay their property taxes and write it off on their 2017 taxes.
In this second half of the show, Jason Hartman finishes his interview with CPA Ryan, as the two continue their look at the new GOP Tax Reform. Ryan points out a few more big changes, as well as several minor ones. Some of them are HUGE for real estate investors, like the accelerated bonus depreciation, while some are mostly targeted at smaller groups (like hedge fund managers).
Key Takeaways:
Jason Intro:
[3:56] The microtrend Jason's noticed recently
[11:33] A lot of people are prepaying their 2018 property taxes before the end of the year so they can deduct it on their 2017 taxes
[15:25] Holiday retail sales were fantastic
[18:21] Enter at JasonHartman.com/Contest to win tickets to Meet the Masters
CPA Interview:
[20:50] The accelerated bonus depreciation is enormous for real estate investors
[24:21] Changes to the 1031 Exchange rule
[28:25] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques
[30:14] 529 plans (education plans for children) can now be used to pay for private schools
[30:47] Some tax changes that were EXPECTED but didn't end up happening
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