I think they do both those things.
Is that not where the pass through provision of the new bill applies?
Real estate tax structuring gets incredibly complex, in particular when you have non-US investors worrying about a tax concept called FIRPTA, which is the acronym for Foreign Investment in Real Property Tax Act (and Trump likely has plenty of foreign partners). I certainly couldn't tell you whether these structures would benefit from the pass through provisions - depends on what those are in the end, if any at all.
Either way, everyone should be objecting to the complete lack of tax transparency from a billionaire real estate operator/brander retaining his interests while passing what he himself calls the "biggest tax cut ever".
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In response to this post by Hokieesith)
Posted: 11/29/2017 at 1:51PM