Check out the five examples of how real estate professionals will be affected by new tax laws passed by Congress.
Whether filing single or married or married with children, the NAR offers some hypothetical examples for REALTORS® to consider. (Bigstock Image)
The National Association of REALTORS® offers these situations:
- single filer with sole income from real estate commissions,
- single filer with income passed through his real estate LLC,
- married filer with children, with income from real estate business and W-2 income from spouse,
- married filer with income passed through real estate LLC and salary from spouse, and
- married filer with income from development S corporation, which also has wage employees and capital at risk.
