The Tax Cuts and Jobs Act of 2017 (TCJA) was a congressional revenue act of the United States that amended the Internal Revenue Code of 1986. Pub. L. No. 115-97 (Dec. 22, 2017). Signed into law on December 22, 2017, by President Donald Trump, the TCJA (also known as GOP Tax Reform and the Trump Tax Cuts) featured major changes to corporate and individual tax policy, which will affect the real estate industry for years to come. This article explores the changes in the tax code that had meaningful implications for the real estate market.
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