Possible Changes to RE Tax Code
https://www.nytimes.com/2017/04/22/business/trump-...
Hi, Everyone! I came across this article in the New York Times today about possible changes in the tax code as it pertains to real estate.
I am a new investor, having just closed on my first house hack (triplex) back in December 2016. I have fallen head over heels in love with the REI world, and to paraphrase Mr. Steve Jobs, I am hellbent on making a ding in it.
One of my many REI "knowledge goals" is cultivating a solid understanding of the tax code. However, I will be the first to admit that this article was a bit meaty, and I only just grasp what it addresses. All I really know is that this is something that has the ability to affect us all, and I'd like some thoughts, comments or quips from anyone and everyone who can clarify, or spice up the conversation. Thanks!
-Clay