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Old 01-03-2019, 07:48 AM   #83
joey2665
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Quote:
Originally Posted by Biggd View Post
That tax change on real estate tax deduction will have zero effect on rich people buying or building multi million dollar homes in the lakes region. Most of those McMansions are empty 90% of the time, not rented for extra income to pay taxes.


I agree tax law will have ZERO effect on the McMansions. Many of these larger homes are not individually owned but you in LLC’s or another corporate structure for many reasons and this is an avenue to still receive the full property tax deductions plus deduct other expenses.


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