Understand the New Tax Law: Homeowners

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Third video in NAR’s series on how the Tax Cuts and Jobs Act impacts real estate, real estate professionals, and consumers. Five sections in this video: 1) Changes to MID (2:15)2) Limits on state, local tax deductions (6:37)3) Curtailment of casualty deduction (10:04)4) Curtailment of moving expense deduction (11:36)5) Retention of capital gains exclusion on home sale proceeds (13:44)