October 2011 
There are 1 blog entries for October 2011.
New Tax on Investment Real Estate Coming in 2013
Thursday, October 20th, 2011 at 3:09pm. 2201 Views, 0 Comments.
Starting in 2013, if your adjusted gross income is over $200k then you will be subject to a new 3.8% tax on certain kinds of income including real estate rental income and profit from the sale of real estate. The three areas that the tax will have an impact on are:
-income from interest
-dividends, rental income (less expenses); and,
-capital gains (less capital losses) including capital gains from real estate sales, stocks, bonds and other securities.
The tax will apply to the lesser of:
1. Investment income amount or
2. Excess of AGI over the $200,000 or $250,000(for couples) amount.
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