ilmscore | Will Trump’s Tax Plan Be a Major Win for Real Estate Investors?

Predictions from this Video

Total: 17
Correct: 0
Incorrect: 0
Pending: 17
Prediction
Topic
Status
The Trump Administration is likely to reinstate 100% bonus depreciation, which would significantly benefit real estate investors.
"The Trump Administration has signaled pretty strongly that they want to bring back 100% bonus depreciation in some form or fashion so you know we're really hopeful keeping fingers crossed right that's a huge one for Real Estate Investors..."
Tax Policy (Bonus Depreciation)
Pending
The Trump administration is predicted to reinstate 100% bonus depreciation for real estate investors.
"The Trump Administration has signaled pretty strongly that they want to bring back 100% bonus depreciation in some form or fashion so you know we're really hopeful keeping fingers crossed right that's a huge one for Real Estate Investors"
Bonus Depreciation
Pending
The qualified business income deduction, set to expire at the end of 2026, is hoped to be reinstated by the new administration.
"Qualified business income is also something that is currently scheduled to Sunset or expire as of the end of next year but you know we're hopeful that this will also be reinstated too."
Tax Policy (Qualified Business Income)
Pending
The Qualified Business Income (QBI) deduction, currently set to expire at the end of 2026, is predicted to be reinstated.
"this is also something that is currently scheduled to Sunset or expire as of the end of next year but you know we're hopeful that this will also be reinstated too"
Qualified Business Income (QBI) Deduction
Pending
The provisions of the 2017 Tax Cuts and Jobs Act are likely to be extended under the new administration and Republican Congress.
"I think it's pretty likely with you know a republican Congress and a Republican president that that is going to get extended at the very least."
Tax Policy (Tax Cuts and Jobs Act)
Pending
The provisions of the 2017 Tax Cuts and Jobs Act, including lower corporate and individual income taxes, are predicted to be extended by the Republican-controlled Congress and President.
"I think it's pretty likely with you know a republican Congress and a Republican president that that is going to get extended at the very least"
Tax Cuts and Jobs Act (2017)
Pending
New policies exempting tips, overtime pay, and social security from taxes might pass, and their specific definitions will be critical for businesses and real estate investors.
"He talked a lot about exempting from taxes tips right overtime pay social security and it's funny because for a lot of our clients they're like well that doesn't really apply to me... but you can imagine how um for businesses and you know business could be like a property management business or Airbnb co-host right you start to play around with the concept of well what is the definition of overtime pay what is the definition of tips is that how I want to play my employees or my cleaners so that one you know those are new right those those expansions are kind of brand new Concepts that's not we've not had in tax law before so it'll be interesting to see which one of those pass and if so how they Define and try to confine what the definitions of each of those are."
Tax Policy (Tips, Overtime, Social Security Exemptions)
Pending
If policies exempting tips from taxes are enacted, people will adapt their income structures to receive tips, leading to a shift in payment methods.
"if this policy comes in place you know that's econ 101 people follow Financial incentives they will find a way to get tipped rather than paid..."
Behavioral Economics (Tipping Culture)
Pending
Any upcoming tax changes enacted by the Trump administration are expected to be temporary, similar to previous tax acts, rather than permanent.
"my expectation is a lot of these tax changes that they were to come into effect will probably still be what we call temporary changes"
Nature of Future Tax Changes
Pending
The Trump administration is considering increasing or eliminating the $10,000 cap on state and local tax (SALT) deductions.
"Trump has talked about increasing that from 10,000 to higher numbers but he's also floated around the idea of getting rid of that cap altogether..."
Tax Policy (SALT Cap)
Pending
The removal of the SALT (State and Local Tax) cap is predicted to create tailwinds for home prices in high-tax states like California and New York, potentially leading to a reverse migration trend.
"yeah I think so... with the removal of that maybe hopefully we'll see a little bit of a reverse migration Trend"
Property Values and Migration (SALT Cap)
Pending
Many of the upcoming tax changes under the new administration are expected to be temporary, rather than permanent.
"my expectation is a lot of these tax changes that they were to come into effect will probably still be what we call temporary changes..."
Tax Policy (Temporary Changes)
Pending
If the SALT cap is eliminated or increased, there could be positive impacts (tailwinds) for home prices and a potential reverse migration trend in high-tax states like California, New York, and New Jersey.
"I'm curious about how that might impact property values in places where this has been a significant issue like New York or New Jersey say California cuz I would imagine this has impacted affordability for people and that always impacts spending GDP you know housing prices and so if this does get you know the limit either gets eliminated or increased like do you see some some Tailwinds for home prices in those areas something I'll definitely be keeping an eye out on yeah I think so... hopefully we'll see a little bit of a reverse migration Trend."
Real Estate Market (Home Prices)
Pending
Under the Trump administration, capital gains tax rates are predicted to either remain the same or decrease, with no expectation of an increase.
"if I had to guess I feel like under Trump's Administration they'll probably remain the same or go down um I don't expect capital gains tax rates to go any higher"
Capital Gains Tax Rates
Pending
Under the Trump administration, capital gains tax rates are expected to remain the same or decrease, not increase.
"if I had to guess I feel like under Trump's Administration they'll probably remain the same or go down... I don't expect capital gains tax rates to go any higher."
Tax Policy (Capital Gains Rates)
Pending
Real estate investors are predicted to continue benefiting from 1031 exchanges and existing capital gains tax rates.
"for now I feel like you know we'll probably continue to have both of these benefits"
1031 Exchange and Capital Gains Benefits
Pending
Real estate investors will likely continue to benefit from 1031 exchanges, as there was no significant talk during the election about eliminating or limiting them.
"surprisingly we didn't hear a lot about that in the election that just happened so you know I think for Real Estate Investors the reality is practically speaking capital gains tax rates are not as important or I guess are not as top of Mind as 1031 exchanges are because if we have 1031 exchange like we do now and assuming it's not going to change we always have the opportunity to delay our taxes... but for now I feel like you know we'll probably continue to have both of these benefits."
Tax Policy (1031 Exchange)
Pending