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ATTN: COMMERCIAL PROPERTY OWNERS
There’s one big 2018 tax law change
that could hit your ROI by 40%!
As a commercial property owner, you probably know that there were sweeping changes to the 2018 tax code, but did you know that your property depreciation value as a whole just took a huge hit with these changes?
Why? Most buildings were built or improved upon during the years when tax rates were their highest. When calculating the ROI for your property, the assumption was that you’d get those get those deductions over time.
Now, due to the recent tax changes, you’ll still get some of your money, but it will be at 21% instead of 35%.
Therefore, your overall deduction will be worth 40% less when you file your 2018 taxes next year!
Be aware: This is the last year you’re allowed to do a “catch up” and reclaim all that money.
You still have time to get your benefit, but we need to act fast!