Just got an email from FundRise saying that REITs will be taxed at a lower rate, making them a better investment.
Has anyone done the math on how investing in something like FundRise will change with the new tax code, and where it stands vs Index funds?
Here is the email for those that are curious:
On January 1, a new tax code came into effect that brings exciting news for people who want to get started with real estate investing.
20% expected tax savings on REIT and pass through income
That means, for example, that ordinary income from a REIT previously taxed at the maximum 37% rate is now expected to be taxed at the significantly lower rate of 29.6%.
Fundrise is the first investment platform that offers a simple, low-cost way to unlock real estate’s uniquely consistent and exceptional returns. When you add in this new tax benefit, it’s safe to say that there’s never been a better time to get started with Fundrise.
Please email investments@fundrise.com if you have any questions or just need a hand getting started. I look forward to connecting with you soon.