IRS Finalizes Real Estate Safe Harbor for 20% QBI Deduction

  By: Amanda Wilson Section 199A introduced a 20% deduction for qualified business income (previously discussed here). To qualify for the deduction, income must be from a trade or business. Whether rental activity rises to …

Tax Reform Improves Expensing and Depreciation Rules

By: Amanda Wilson The Tax Cut and Jobs Act made several key changes to the expensing and depreciation rules, which will be a boon for Senior Living businesses that tend to be real estate heavy. …

Six Things To Know About the New Pass Through Income Deduction

By:  Amanda Wilson The ownership structures for senior living facilities often involve pass-through entities such as partnerships and REITs.  The tax reform legislation that was signed into law last month introduces a deduction for pass-through …

Ryan Says Tax Reform Coming, But Later This Year

By: Amanda Wilson On Friday, House Speaker Ryan stated publicly that tax reform legislation will be included in one of two must pass budget resolutions this year, but it will be included in the fiscal …