Top 5 tax-planning and tax-saving strategies for real estate owners

With the passage of so much tax legislation over the past several years, including the tangible property regulations, the Tax Cuts and Jobs Act, the CARES Act, several COVID-19 stimulus bills, and various new federal, state and local regulations, there is tremendous opportunity to implement tax-planning and tax-saving strategies for real estate owners.

Many of the provisions included in these tax laws and regulations are taxpayer friendly. To leverage the opportunities available to them, it is important for real estate owners and all taxpayers to be aware of the laws currently in place. Here are the top five recommended tax-planning and tax-saving strategies: