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New IRS rule a big win for real estate industry.

Jan. 22 - The Treasury Department and the Internal Revenue Service issued final regulations regarding the new 20 percent deduction on qualified business income. Up to this point, real estate professionals faced uncertainty about the true impact of the 2017 Tax Cuts and Jobs Act on their respective businesses. The new ruling is a significant victory for the real estate industry and for many of the National Association of Realtors 1.3 million members.

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