The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members, not only in the last three months but over several years.

Introduction

Major Provisions Affecting Current and Prospective Homeowners

Major Provisions Affecting Commercial Real Estate

Major Provisions Affecting Real Estate Professionals

Appendix 1 – Examples of How the Deduction for Qualified Business Income May Affect Various Real Estate Professionals

Appendix 2 – Examples of How The New Law Will Affect the Tax Incentives of Owning a Home