New Tax Law Makes Significant Changes to How Residential Real Estate Developers Recognize Revenue on Construction Contracts by Arthur J. Lieberman
Posted on August 28, 2025 by Art Lieberman
Among the various provisions of the new tax and spending bill is a significant change to the tax accounting method condo developers must use to recognize income, removing a significant irritant to developers’ cash flow and tax efficiency. Background Developers of single-family homes and townhouses historically had the option to use the complete contract method […]