Real estate investors will get $170B windfall from bailout package

Tucked inside the federal government’s massive economic rescue package is a $170 billion windfall for real estate investors. Washington’s $2 trillion bill is a provision that allows investors to write down the depreciation on properties beyond the previous limit of $500,000 a year, the New York Times reported. According to a draft congressional analysis, it’s the second-largest tax giveaway in the multitrillion-dollar proposal. “It’s a pretty big deal,” Peter Buell, an accountant who heads up

source https://therealdeal.com/2020/03/26/real-estate-investors-will-get-170b-windfall-from-bailout-package/