There have been a lot of questions surrounding the recent tax reform bill that was passed in Washington. The National Association of Realtors had a lot of influence relative to the impact on aspects having to do with real estate and managed to help protect essential and important homeowner benefits such as the exclusion of capital gains on the sale of a home, and the mortgage interest deduction for primary and secondary homes. Those and other last-minute changes to the Tax Cuts and Jobs Act of 2017 are as follows, in easy to understand terms:
We will be publishing more information as it is made available, as the professionals and experts continue to decipher myriad details of the bill.
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