My wife uses real estate reformation. 

I need to know before I plow money into reforming my LLC and amending my taxes.Can anyone confirm any of this? 

It is my very basic understanding that the Tax Reform Act of 1986 crushed real estate investors by limiting passive losses.

@Emily DeanA lot of CPA / Tax businesses sold in the past 2-3 years.Reason # 1 - Tax reform made simple tax returns easier and difficult returns harder.

With Democrats having control of congress, they will be moving fast on tax reform.

Remember - even during the Trump tax reform debate, 1031s and other tax breaks were threatened, yet they are still here.2.

Nothing will reform them. 

"Today’s agreement to extend capital retention marks an important step for housing finance reform and leaves behind a blueprint that we hope will help guide additional reforms amidst the complex legal and capital structure considerations that remain.

This rule was introduced by the Trump tax reform of 2018.Interest used for buying investment properties has always been deductible against that property, and it does not matter what is the source of that interest: mortgage, HELOC, personal loan, life insurance loan, whatever.

Tom Suozzi has announced he will not cooperate in any tax reform without SALT reform (repeal).