Government

Tax Reform & Real Estate: What to Expect

Tax Reform & Real Estate: What to Expect

We are just days from the start of the New Year, and now that President Trump has signed sweeping tax reform legislation into law, many homeowners and potential buyers are wondering how it will impact the real estate market in Washington state. In addition to talking to your tax advisor, the National Association of Realtors recently released reports on how the bill will affect each state, while The Washington Post looked more broadly at the general impact, from 1031 exchanges and recovery rules to mortgage interest deductions.