Category Archives: Income Tax

New Legislation Would Extend Mortgage Cancellation Relief…BUT

Posted on April 30, 2012 by

New Legislation Would Extend Mortgage Cancellation Relief…BUT IF YOU ARE EXPERIENCING MORTGAGE PAYMENT DIFFICULTIES, DON’T WAIT TO SELL A Short Sale may help save your credit and help you get to a place where you can rebuild more quickly than … Continue reading →

Posted in Real Estate - Sellers & Buyers, Short Sales, Tax Relief | Leave a comment

3.8% Tax Coming 1/1/2013 on Investment Income

Posted on March 23, 2012 by

The 3.8% Tax Real Estate Scenarios & Examples Effective January 1, 2013 The NATIONAL ASSOCIATION OF REALTORS® has developed this informational brochure to help consumers understand the taxation effect of the new tax — passed by Congress in 2010 with … Continue reading →

Posted in Income Tax, Investors - Investment Income, NAR-National Association of REALTORS®, Tax Basis | 1 Comment

Keep Your Prop 13 Property Tax Basis

Posted on December 26, 2008 by

Prop 60Prop 90Retirement Tax BasisProposition 13 Many people have asked exactly how the Prop 60 and Prop 90 works for them to be able to take their Property Tax Basis under Proposition 13 with them to a new home, and … Continue reading →

Posted in Age 55 Property Taxes, Prop 13, Prop 60, Prop 90, Tax Basis, Tax Relief | Leave a comment