Tax reform Q&A Thread 4 - New creative tax strategies

[Michael Plaks]

Colleagues and friends,

The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of new creative tax planning strategies, in view of the reform. 

PLEASE POST QUESTIONS IN THE OTHER TAX REFORM THREADS. THIS ONE IS FOR THE DEBATE OF NEW IDEAS.

Specifically, Brandon suggested 2 ideas already:

#1: Allocate more basis to land, to increase room for the 20% deduction and decrease depreciation recapture at sale.

#2: Switch from W2 to 1099, to benefit from the 20% deduction.

Both are subject to debate, and feel free to add your ideas. I will add mine for sure. 

Together, we will conquer this monster legislation and figure out how to benefit from it.