Upcoming tax reform bill

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Hello BP-
Starting to see news about upcoming tax reform bill.
One of the items that caught my mind is reducing mortgage interest deduction cap from 1M to 500k mortgage.
Just wanted to get people’s general opinion on this and how it affects RE investors.
If anyone has more details on this topics please do!

This article implies the deduction goes away if you own property in your own name!

http://www.foxbusiness.com/features/2017/11/06/tax-q-mortgage-interest-deduction-and-other-matters.html