The Trump administration released a revised tax reform proposal on Wednesday, which you can read in full here. The real estate industry is abuzz trying to decipher if the updated proposal helps or hurts agents — while the jury is still out, the realistic answer, frustratingly, is “it depends.”
- The benefit of Trump’s tax plan for most agents hinges almost entirely on how self-employment taxes are treated for pass-through businesses, something the official proposals to date are entirely silent on.
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