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Trump Tax Changes Could Significantly Impact CRE

People will need to navigate a complex mix of implications.

By Erik Sherman | November 15, 2024 at 07:00 AM

A new Trump administration, with Republicans in charge of both chambers of Congress, likely means significant changes in various areas of law that could affect commercial real estate. One area is taxes, especially around extending deadlines—or making permanent—areas of the Tax Cuts and Jobs Act of 2017.

A popular one, according to Mitchell Snow, partner at Adler & Stachenfeld and co-chair of the firm’s tax practice, is making the “20% reduction for certain pass-through business income under Code Section 199A” permanent. “This reduction generally applies to real estate investments,” he told GlobeSt.com. Potentially, that is something with a natural appeal to him.

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