Real Estate Businesses: How Much Interest Expense Can You Deduct?
The deduction limit for business interest expense can have a big impact on a real estate firm’s tax bill and the limit is even more stringent starting in 2022. If your firm has significant interest expense, it is important to: (1) Determine whether the deduction limit applies to you; (2) Assess the limit’s impact on your tax liability; and (3) Evaluate the costs and benefits of opting out.
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