3.20.19 | BERDON LLP | Bisnow New York
As part of the 2017 Tax Cuts and Jobs Act, CRE companies now face a cap on the amount of interest expense they can deduct from their annual taxes. Since the work of so many real estate companies relies on borrowed capital, the new law threatens to throw a wrench in the works. Berdon Tax Manager Joseph Most said. “Because so many CRE companies are highly leveraged, this new cap could have a huge effect.”
This article originally appeared in Bisnow.