However, with the new tax reform on bonus depreciation, if you purchased a property after 9/27/17, you can qualify for 100% bonus depreciation.

Also the federal limit above is temporary under the Thump tax reform. 

Amanda HanBrandon HallTax Reform Update – Brandon Hall and Amanda Han Linda Weygant GuidesUltimate Beginners Guide Forum StickiesBP Calculators or spreadsheets uploaded by membersMy Favorite Books I have to say all of the BP books…right?

Amanda HanBrandon HallTax Reform Update – Brandon Hall and Amanda Han Linda Weygant GuidesUltimate Beginners Guide Forum StickiesBP Calculators or spreadsheets uploaded by membersMy Favorite Books I have to say all of the BP books…right?

It casts a dark shadow on an already struggling industry and opens the doors for more reform and regulation. 

Amanda HanBrandon HallTax Reform Update – Brandon Hall and Amanda Han Linda Weygant GuidesUltimate Beginners Guide Forum StickiesBP Calculators or spreadsheets uploaded by membersMy Favorite Books I have to say all of the BP books…right?

Tim Burdette I believe the Senate is scheduled to vote on the tax reform on Thursday.

You who wish to reform everything!

Not knowing exactly what you make, I believe you are phased out of that investment vehicle, so unless you want to go through the hassle of a backdoor roth contribution, that's out.With the most recent push for tax reform, there may be the possibility of taxes being lower now than in the future, which is what you were worried about in our first back and forth. 

Perhaps one major change is the 1031 rule, which I would support if it wasn't just taxing the real estate industry, but major tax reforms like offshore tax sheltering etc (not just raising the tax, we're at 35% the highest in the world).