New tax bill affect the taxes for your MHP business?

[elevateglobal]

How will the new tax bill affect the taxes for your MHP business? Will you be able to take greater depreciation?

[Jeros]

I’d like to get some opinions on this too. Any one out there willing to share their thoughts?

Thanks!

[newwisconsinbuyer]

The tax bill will likely affect deal sponsors. If I read it correctly, carried interest is taxed at short-term cap gains rate if the investment is held for < 3 years. Previously I believe it was 1 yr. Not positive about deprecation. It thought it was a minor update, something changing the schedule +/- 4 years.

[Jeros]

Among other things, I read the new tax bill also provides a 20% deduction for certain small businesses. It seems to me most park owners under LLCs would benefit from this. Am I missing something?