Phil Jelsma Jelsma: “Congress seems to be offering a tradeoff—increased expensing or unlimited interest deductions.”

SAN DIEGO—Although most real estate businesses are not structured as C or regular corporations, the Tax Cuts and Jobs Act reduces the highest corporate tax rate from 35% to 20%, which may cause some of these businesses to rethink their strategy, Phil Jelsma, a partner and chair of the tax-practice team at Crosbie Gliner Schiffman Southard & Swanson LLP, tells

On Nov. 2, the House Ways and Means Committee released the act, which is its roadmap to tax reform. The Senate issued a mark-up of the Act on Nov. 9.  The proposed tax-reform legislation is comprehensive, with many provisions that impact the commercial real estate industry directly. We spoke with Jelsma regarding the implications and potential impact of the proposed tax reform bill on commercial real estate professionals.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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