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For interest deductibility, new limits on tax planning include deductions for interest on depreciation for real estate companies.

Interest Deductibility

New limits impact tax planning:

  • Deductions for interest limited to 30% of income before interest, taxes and depreciation
  • Real Estate companies can elect out by lengthening depreciation for assets

Transcript

Ken Weissenberg:

Another thing they did was they limited the ability to deduct interest. For any kind of business, deduction for interest is limited to 30% of income before interest taxes and depreciation.


Kenneth Weissenberg CPA, Tax Partner in Real Estate Services, is experienced in tax saving strategies and negotiating sales and acquisitions. He represents owners of some of the most well-known real estate properties in New York City.

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