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Sponsored by Pillar to Post |
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Trump‘s Tax Plan: So Few Details, So Much for Brokers to Watch |
By Andrew King |
Brokers have been busy parsing the statement of principles issued in the spring by U.S. Treasury Secretary Steve Mnuchin announcing "a massive tax cut for businesses and massive tax reform and simplification." Brokers and real estate professionals from all corners of the industry have spent a good part of their busy season trying to predict what will actually happen with the federal tax code and how it will affect their clients. Yet, there isn't a real consensus in the community despite Mnuchin's promise that the mortgage interest deduction will remain intact. Under the statement, mortgage interest and charitable giving are the only two deductions being kept in the plan. ...
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