TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Monday, December 18, 2017

Davis Polk's Tax Cuts And Jobs Act Navigator

Davis PolkFollowing up on my weekend posts:

Davis Polk, Tax Cuts and Jobs Act Navigator:

We are pleased to release our first “TCJA Navigator,” a hyperlinked version of the Conference Committee’s tax reform bill released on December 15th.

This Navigator includes a table of contents organizing the tax bill by subject matter, with hyperlinked page numbers that will take you to the section at hand.

https://taxprof.typepad.com/taxprof_blog/2017/12/davis-polks-tax-cuts-and-jobs-act-navigator.html

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Comments

Am I right: the final version eliminates ("suspends") all miscellaneous itemized deductions, including 212 investment-related expenses and expenses up to income for 183 activities? This certainly doesn't square with the narrative that this bill is a gift to the wealthy. It also doesn't square with any conceivable norm for taxing net income.

Posted by: PTTAX | Dec 18, 2017 11:33:03 AM