Thursday, November 08, 2012

New Tax Impacting Real Estate Income

As part of the Healthcare Reform,  a new tax will be in effect January 1, 2013.  This is new tax will impact individuals with an adjusted gross income over $200,000 for single and $250,000 for couples.  This is 3.8% tax on unearned income.  Net rental amounts and capital gains are two examples that this tax may be applicable.  To learn more about the computation of 3.8% tax watch this video. For frequently asked questions and more information on this 3.8% investment tax.