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Article: Real Estate Tax Shelters Would Have Modest Revival Under Tax Bill
- Article from:
- The Washington Post
- Article date:
- May 28, 1993
- Author:
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Real estate tax shelters, moribund since passage of the 1986 Tax
Reform Act, would be given a new, if somewhat limited, lease on life
under the tax bill that the House approved late yesterday.
The provision, designed to ease the burden on real estate
professionals who lost most of their write-offs in 1986, would not
revive the tax shelter business to levels of the mid-1980s, experts
said. But it would provide married couples and possibly some
corporations the ability to offset business or professional income
with losses from real estate.
"The bill's provisions will restore tax shelters well beyond"
their intended beneficiaries in the real estate industry, said David
Shulman, chief equity ...