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> he tax code HEAVILY incentivizes investors to own property on leverage How? any resources I can find on this topic?
by victor106 3y ago
> he tax code HEAVILY incentivizes investors to own property on leverage
How? any resources I can find on this topic?
- FooBarBizBazz 3y agoI think this is referring to -- 1. The mortgage interest deduction (reduced under Trump, of all presidents). 2. 1031 Exchange elections, which let you avoid capital gains.
- ryandrake 3y ago> The mortgage interest deduction (reduced under Trump, of all presidents). The way I understand it, reducing the mortgage interest deduction disproportionately affected homeowners with higher mortgages in high cost of living areas, just like reducing the SALT deduction affected people in higher income tax/cost of living areas. Both of these were likely supported by President Trump to punish "blue staters" in these areas.