Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company”) today announced operating results for the year, highlighting the impact of investment-related expenses on their gross proceeds. Due to the Tax Cuts and Jobs Act (TCJA) of 2017, certain investment-related expenses are no longer deductible if you itemize. This has significant implications for individuals and businesses alike as they navigate the changing tax landscape.
The slowdown in special purpose acquisition company (“SPAC”) initial public offerings (“IPOs”) and SPAC business combination transactions has also affected investment expenses for many investors. As interest rates increase, so does the allure of optimizing your U.S. income tax deductions. But be careful, the devil is in the details. This article provides an overview of the rules that apply to each type of interest after the passage of the TCJA.
As investors file their tax returns, they're discovering they can take fewer deductions related to investment expenses. This has led to a renewed focus on understanding gross proceeds investment expenses and how they impact overall financial planning strategies. During periods where there are economic concerns or when the market has fallen substantially, gold has historically been perceived as a safe haven asset.