COR2429. Expiring TCJA Provisions and Potential Planning Considerations

This session will focus on the expiring TCJA provisions that are particularly relevant to real estate owners, operators and investors, including the deduction for real estate businesses and REIT dividends under Section 199A; the limitation for business interests deductions under Section 163(j); the availability of bonus depreciation for certain business expenditures under Section 168(k); the limitation on the deductibility of excess business losses under Section 461(l); and the deferral/elimination of capital gains with respect to investments in qualified opportunity funds under Section 1400Z-2, as well as the expiration of some ancillary provisions, including the cap on deductibility of State and local taxes; the elimination of itemized deductions; and the reduced marginal income tax rates on individuals. Additionally, we will discuss the tax impacts of the expiration of these provisions and some potential planning considerations that may be utilized to help mitigate or minimize some of the resulting negative impacts.  

Learning Objectives:

• Identify the real estate-related provisions of the TCJA set to expire within the next few years, and the potential impacts of the expiration of these provisions to real estate owners, operators and investors.
• Identify potential planning opportunities to help mitigate or minimize certain impacts of the expiration of these provisions.