​Upcoming Opportunity to Comment on  on the Lake Tahoe Shoreline Plan Thursday, August 23rd 
Join the TRPA Regional Plan Implementation Committee
at 1pm next Thursday for an informational meeting on the draft code amendments and proposed program fee schedule. TRPA staff will take public comments on the Shoreline Plan at this time, as well.

The meeting will be held at the TRPA offices located at

128 Market St,
Stateline, NV 89410.
Click here for meeting materials posted one week in advance of the meeting.

You can submit an online comment on
the Lake Tahoe Shoreline Plan at anytime by clicking here.

IRS Guidance Out on 20% Business Income Deduction

The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new qualified business income deduction is available for tax years beginning after Dec. 31, 2017. Taxpayers can claim it for the first time on the 2018 federal income tax return they file next year.

The deduction will have a significant, beneficial impact on NAR’s membership. The National Association of Realtors® believes that this deduction, included in today’s IRS and Treasury Department release of proposed regulations, will be available to a wide range of real estate professionals, including those who are self-employed as well as those operating through partnerships, LLCs, and S corporations. We will continue thoroughly reviewing the rule and will be releasing more information when that process is completed

IRS summary.

IRS rule.

NAR tax reform summary and resources.

“The Incline Village remains strong with average prices increasing slightly across all property types. 
The average home sale price increased to $1,457,000, and condominiums are up to $534,631 which yields a conservative change of +8% and +4% respectively. 
​Inventory continues below normal and open escrow numbers remain high which is also driving prices higher.” Incline Village REALTORS® MLS Chair Trevor Smith

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