The law Offices of Robert J. Notestine III

Notestine Law: Three decades of experience in the real estate business

Notestine Law: Hot Topics: Federal Tax on Investment income

Sunday, August 31, 2014

Federal Tax on Investment income

This office does not provide tax advice and this is not really a brand new topic but I wanted to remind some successful investors that  the Federal Government implemented a 3.8 percent tax on certain investment income that could affect some real estate investors. The new tax was effective January 1, 2013. This tax was related to the health care and Medicaid overhaul  in 2010. This could have some impact on investors with adjusted gross incomes of $200,000 for individuals and $250,000 for couples . I urge you to see your tax adviser if you have questions about this tax, which some people refer to as " The Medicare Tax".

Attention: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Not certified as a Real Estate or Business Law specialist by the Tennessee Commission on Continuing Legal Education and Specialization. Certification in these areas of law are not currently available in Tennessee.

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