Tax Reform and Real Estate: What to Tell Your Buyers and Sellers

Are you struggling to understand how the new tax law will affect your residential real estate clients? That’s not surprising, considering the new law – passed late last year – represents the first significant tax overhaul in more than 30 years.

The first thing to do is take a breath and remember that the law’s provisions will not affect tax filings for 2017. Here are the basics that you can share with your clients: