Today is Tax Day in the United States. The majority of commercial real estate brokers filed their tax returns in advance and owe Uncle Sam money, according to the latest Apto National Broker Buzz Poll. The poll was conducted between April 1 and April 10.
According to survey results, 30% of brokers say they have been negatively affected by new federal limits on the deductibility of state and local taxes. These changes and others were signed into law by President Trump in late 2017, and took effect beginning with the 2018 tax year.
Notwithstanding their politics, brokers also say the Trump tax-code changes generally have been a net-positive for themselves personally and for their businesses.
Here are the survey results: