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18

Trump, Real Estate Investors Get Late-Added Perk in Tax Bill

By Tony Seruga

Late revision supplies break based on investments in property
Corker, who dropped opposition, says he wasn’t aware of change

Lawmakers scrambling to lock up Republican support for the tax reform bill added a complicated provision late in the process — one that would provide a multimillion-dollar windfall to real estate investors such as President Donald Trump.

The change, which would allow real estate businesses to take advantage of a new tax break that’s planned for partnerships, limited liability companies and other so-called “pass-through” businesses, combined elements of House and Senate legislation in a new way. Its beneficiaries are clear, tax experts say, and they include a president who’s said that the tax legislation wouldn’t help him financially…

Trump, Real Estate Investors Get Late-Added Perk in Tax Bill

Categories : Real Estate

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