What’s the effect of the new Tax Reform Act on Real Estate?  Congress has passed a sweeping tax bill that will affect almost every American. In addition to changing tax rates and deductions, these new rules affect a wide variety of personal and business activity. The National Association of Realtors has compiled a summary of provisions of interest which may be of relevance to you. The top link below is from NAR, the link below that is from Business Insider, and at bottom the link is from Bloomberg News.

The Tax Cuts and Jobs Act – What it Means to Homeowners

Business Insider:  Blue States may be more Impacted by New Tax Reform Act

Bloomberg News: Tax Reform Watch