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Hobie
Participantfrom page 946:
‘‘SEC. 1411. IMPOSITION OF TAX.
‘‘(a) IN GENERAL.—Except as provided in subsection (e)—
‘‘(1) APPLICATION TO INDIVIDUALS.—In the case of an individual,
there is hereby imposed (in addition to any other tax
imposed by this subtitle) for each taxable year a tax equal to
3.8 percent of the lesser of—
‘‘(A) net investment income for such taxable year, or
‘‘(B) the excess (if any) of—
‘‘(i) the modified adjusted gross income for such
taxable year, over
‘‘(ii) the threshold amount.Question for the tax pros – Suppose I sell a property and have a capital gain which is listed in my adjusted gross income. Under section B that capital gain is added to my normal income when determining the threshold amount. Then tax is applied to the amount above $250k. Is this correct?
If so, this is a sneaky way to base load the tax floor.
Hobie
ParticipantI’m beginning to think your are driving your wife nuts.;) I need to slap you around a little, all with good intentions. 🙂
No problem wanting to get a deal. We all want to buy a stock at the bottom, best price for a car, it goes on forever. But you have a family. They come first. Screw the bike to work constraint and get yourself in a home where the wife and kids are happy and can create great memories. The kids don’t know or care if their house is rented they want to have friends over to play and be close to them. Plus your wife is not demanding you spring for an oceanfront or 40 acres. Just a modest home in Temecula! She is a keeper!
Suppose you got this house and you had a pile of $$ it will take a couple of years of construction which already mentioned is a real strain on a household. And on the workmen as well if you live in it. Pay as you go will just take longer.
I’m with the gang who believes that area has further to fall so keep your eyes open and bank cash. Then when a nice property comes along you can jump on it. With cash.
C-mon both of you have completed professional school and should reward yourselves ( wife ) with a home rather than an investment property.
Good Luck.
Hobie
ParticipantI’m beginning to think your are driving your wife nuts.;) I need to slap you around a little, all with good intentions. 🙂
No problem wanting to get a deal. We all want to buy a stock at the bottom, best price for a car, it goes on forever. But you have a family. They come first. Screw the bike to work constraint and get yourself in a home where the wife and kids are happy and can create great memories. The kids don’t know or care if their house is rented they want to have friends over to play and be close to them. Plus your wife is not demanding you spring for an oceanfront or 40 acres. Just a modest home in Temecula! She is a keeper!
Suppose you got this house and you had a pile of $$ it will take a couple of years of construction which already mentioned is a real strain on a household. And on the workmen as well if you live in it. Pay as you go will just take longer.
I’m with the gang who believes that area has further to fall so keep your eyes open and bank cash. Then when a nice property comes along you can jump on it. With cash.
C-mon both of you have completed professional school and should reward yourselves ( wife ) with a home rather than an investment property.
Good Luck.
Hobie
ParticipantI’m beginning to think your are driving your wife nuts.;) I need to slap you around a little, all with good intentions. 🙂
No problem wanting to get a deal. We all want to buy a stock at the bottom, best price for a car, it goes on forever. But you have a family. They come first. Screw the bike to work constraint and get yourself in a home where the wife and kids are happy and can create great memories. The kids don’t know or care if their house is rented they want to have friends over to play and be close to them. Plus your wife is not demanding you spring for an oceanfront or 40 acres. Just a modest home in Temecula! She is a keeper!
Suppose you got this house and you had a pile of $$ it will take a couple of years of construction which already mentioned is a real strain on a household. And on the workmen as well if you live in it. Pay as you go will just take longer.
I’m with the gang who believes that area has further to fall so keep your eyes open and bank cash. Then when a nice property comes along you can jump on it. With cash.
C-mon both of you have completed professional school and should reward yourselves ( wife ) with a home rather than an investment property.
Good Luck.
Hobie
ParticipantI’m beginning to think your are driving your wife nuts.;) I need to slap you around a little, all with good intentions. 🙂
No problem wanting to get a deal. We all want to buy a stock at the bottom, best price for a car, it goes on forever. But you have a family. They come first. Screw the bike to work constraint and get yourself in a home where the wife and kids are happy and can create great memories. The kids don’t know or care if their house is rented they want to have friends over to play and be close to them. Plus your wife is not demanding you spring for an oceanfront or 40 acres. Just a modest home in Temecula! She is a keeper!
Suppose you got this house and you had a pile of $$ it will take a couple of years of construction which already mentioned is a real strain on a household. And on the workmen as well if you live in it. Pay as you go will just take longer.
I’m with the gang who believes that area has further to fall so keep your eyes open and bank cash. Then when a nice property comes along you can jump on it. With cash.
C-mon both of you have completed professional school and should reward yourselves ( wife ) with a home rather than an investment property.
Good Luck.
Hobie
ParticipantI’m beginning to think your are driving your wife nuts.;) I need to slap you around a little, all with good intentions. 🙂
No problem wanting to get a deal. We all want to buy a stock at the bottom, best price for a car, it goes on forever. But you have a family. They come first. Screw the bike to work constraint and get yourself in a home where the wife and kids are happy and can create great memories. The kids don’t know or care if their house is rented they want to have friends over to play and be close to them. Plus your wife is not demanding you spring for an oceanfront or 40 acres. Just a modest home in Temecula! She is a keeper!
Suppose you got this house and you had a pile of $$ it will take a couple of years of construction which already mentioned is a real strain on a household. And on the workmen as well if you live in it. Pay as you go will just take longer.
I’m with the gang who believes that area has further to fall so keep your eyes open and bank cash. Then when a nice property comes along you can jump on it. With cash.
C-mon both of you have completed professional school and should reward yourselves ( wife ) with a home rather than an investment property.
Good Luck.
Hobie
ParticipantScardy: Love the every 3 week comment. That is a situation many of us guys can relate!
Could you keep your current rental to live in during the renovation? As mentioned, it will be is very high cost to the family.
Have you considered trading your services with local contractors for the work?
Hobie
ParticipantScardy: Love the every 3 week comment. That is a situation many of us guys can relate!
Could you keep your current rental to live in during the renovation? As mentioned, it will be is very high cost to the family.
Have you considered trading your services with local contractors for the work?
Hobie
ParticipantScardy: Love the every 3 week comment. That is a situation many of us guys can relate!
Could you keep your current rental to live in during the renovation? As mentioned, it will be is very high cost to the family.
Have you considered trading your services with local contractors for the work?
Hobie
ParticipantScardy: Love the every 3 week comment. That is a situation many of us guys can relate!
Could you keep your current rental to live in during the renovation? As mentioned, it will be is very high cost to the family.
Have you considered trading your services with local contractors for the work?
Hobie
ParticipantScardy: Love the every 3 week comment. That is a situation many of us guys can relate!
Could you keep your current rental to live in during the renovation? As mentioned, it will be is very high cost to the family.
Have you considered trading your services with local contractors for the work?
Hobie
Participant@CDMA Consider how it begins to unravel the moral fabric of our society.
Hobie
Participant@CDMA Consider how it begins to unravel the moral fabric of our society.
Hobie
Participant@CDMA Consider how it begins to unravel the moral fabric of our society.
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