Real estate owners should pay close attention to the provisionsin the CARES Act. In addition to the major business fundingbenefits, there are several provisions that specifically benefitreal estate owners and investors, according to PhilJelsma, an attorney at Crosbie Gliner SchiffmanSouthard & Swanson. These benefits includes removinglimitations on net business losses, pass-through losses andqualified improvement on leasehold properties.

In terms of net business losses, Jelsma, a partner at CrosbieGliner Schiffman Southard & Swanson, says, "The CARES Acttemporarily suspends the limitations on net business losses that anindividual can use to offset income from other sources. Initially,this was kept at $250,000 for a single household or $500,000 ifmarried filing jointly. The new law suspends this cap for tax years2018, 2019 and 2020."