Tax reform Q&A Thread 5 - Miscellaneous Q&A

4 Replies

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 - for questions that do not have a dedicated thread.

The other threads are:

  1. Tax reform Thread 1 - Pass-through and 20% deduction
  2. Tax reform Thread 2 - Depreciation and Section 179
  3. Tax reform Thread 3 - Itemized and business deductions
  4. Tax reform Thread 4 - New creative tax strategies

If your question is not one of those four categories - then let's discuss it here. And go!

@Michael Plaks well done! I was waiting for an accountant to 'itemize' that thread. It's an amazing read with tons of helpful information, but this will help people looking for more specific questions, who don't want to mull over all 200 plus posts.

Does the new tax bill preserve the net rental loss allowance of up to $25k? Thanks.

Originally posted by @Tina Zhu :

Does the new tax bill preserve the net rental loss allowance of up to $25k? Thanks.

 Yes, it does. No changes to the $25k rule.

Originally posted by @Michael Plaks :
Originally posted by @Tina Zhu:

Does the new tax bill preserve the net rental loss allowance of up to $25k? Thanks.

 Yes, it does. No changes to the $25k rule.

 Good to know. Thank you Mike and happy New Year!

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