How will the new tax bill affect the taxes for your MHP business? Will you be able to take greater depreciation?
I’d like to get some opinions on this too. Any one out there willing to share their thoughts?
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.
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?