Dawn (253) 307-6438
Brandon (253) 732-0778
The Positive effects of the New Tax Plan and how it affects YOU! Part 4
The Positive effects of the New Tax Plan and how it affects YOU! Part 4 – Real Estate Investors with Positive Cash Flow
By far the biggest winner in the tax code changes is the real estate investor because you can still write off all the expenses of owning a rental because these properties are considered a business.
Deductions would include any maintenance costs, management costs, interest for your mortgage on the rental which will offset the income you receive from rents. The 20% pass-through rate on small businesses may help you out as well.
In our next series about the new 2017 Tax code changes, we will be talking about those who do not benefit from this new change, which we will talk about in Part 5 in our next post. Remember to always talk to your tax professional for more specifics.
The Heilbrun Team at John L. Scott, Orting, is here for you for all your real estate needs in Pierce Thurston and King County!
Dawn Heilbrun, Owner
253-307-6438
The Heilbrun Home Team
John L. Scott, Orting
www.dawnh.johnlscott.com
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