Amanda Wilson Comments on COVID-19 Business Tax Breaks
In an article published by the Orlando Sentinel, Shareholder Amanda Wilson discussed how the CARES Act's elimination of income caps for 2018, 2019, and 2020 may be particularly beneficial to real-estate investors. She further explained that real-estate investors frequently generate big losses — typically only paper losses for tax purposes — by buying buildings and then writing them off over time, even if the value of the building is rising in the real world.
“A real estate business can generate a lot of paper losses,” Wilson said. “There might be other businesses that have a lot of depreciation. But, really, you would expect to see it in real estate.”
Read the article: Congress’ Coronavirus Economic Plan Includes Huge Business Tax Breaks — Some on Profits Dating to 2013