3.8% Investment Tax - Effective January 2013
Applies to: ! Individuals with adjusted gross income (AGI) above $200,000
Couples filing a joint return with more than $250,000 AGI
Types of Income: Interest, dividends, rents (less expenses), capital gains(less capital losses)
Formula: " e new tax applies to the LESSER of
" Investment income amount
" Excess of AGI over the $200,000or $250,000 amount
For complete details and examples please see the attached brochure....this does not apply to all real estate transactions...only some.
Jon Becker - Century 21 Northland-Traverse City real estate agent
231-342-5401
www.c21jb.com
jon@c21jb.com