Property taxes could increase by more than $700 million on non-homestead ..."It means that all of this property will suddenly be assessed at full value."
“The Tax Cuts and Jobs Act” addressed law that Congress had not tackled since the Tax Reform Act of 1986. It went into effect January 1, 2018. What, if anything, does this mean for investors?
If you are looking to trade up by selling and buying a more expensive rental property, you will have to pay capital gains tax on the sale; just like you would with a wholesale deal or fix and flip. What can you do?