Real estate tax changes that advisers need to understand

Withum partner Brian Lovett, CPA, CGMA, J.D., is the guest on this week's episode of the Journal of Accountancy podcast. Lovett is scheduled to speak at the AICPA Construction & Real Estate Conference in December on industry-specific impacts of new tax provisions in H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act.

He joined the podcast to preview some of those topics and explain the main way he separates fact from fiction when it comes to the details of H.R. 1 provisions.

What you'll learn from this episode:

• What real estate professionals and advisers should know about the expansion of Sec. 179.
• The PDF on Lovett's computer desktop that is "the one that matters."
• The topic that is "one of the things we're waiting on most" related to IRS guidance.
• One real-estate-related provision that could be easily misunderstood.
• The PTET SALT deduction's effect on real estate companies.