Real Estate Perspectives
IN THIS ISSUE
2 IRS Issues New Proposed Regulations On QUALIFIED OPPORTUNITY FUNDS Alan M. Blecher, Abe Schlisselfeld & Michael W. Hurwitz 5 Reflections on the FIRST TCJA TAX SEASON Alan M. Blecher 7 BLOCKCHAIN TECHNOLOGY Revolutionizing the Real Estate Industry Darya Shneyder 9 The Impact of the Tax Cuts and Jobs Act on TRUSTS AND ESTATES Laura LaForgia 12 VALUATION DISCOUNTS Applicable to Real Estate Holding Companies Angela Sadang
When I sat down to write this message in our last issue, our first tax season under the Tax Cuts and Jobs Act was just beginning, with all of its changes and uncertainties. Reflecting on the past few months, I can tell you it was just as complicated and ambiguous as we expected. In the pages you’re about to read, my colleagues have written about many of the ups and downs we all experienced as taxpayers and business owners – from a candid tax season recap and an update on the Opportunity Zones program to the ways the new tax law has affected your personal trusts and estate tax planning strategies. It brought new meaning to the adage of “live and learn” as we helped our clients navigate the challenges, discover the pitfalls and reap the benefits of the new tax law in real time. We anticipate more guidance this summer, including updated regulations on the Section 163(j) business interest expense limitation. Hopefully, by the time I sit down to write my next message, we’ll have much more clarity to share on this and other factors impacting the business tax deadlines in the fall.
And for an up-to-the-minute update on the ever-popular Opportunity Zones program, I invite you to tune in to our live webinar on June 6.
ABE SCHLISSELFELD CO-PARTNER-IN-CHARGE, REAL ESTATE GROUP 212.201.3159
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