Do you own rental property?
If you do, I’ve got some good news for you…
The IRS just released new safe-harbor rules that make it easy for some owners of rental real estate to avoid the dreaded 3.8% Obamacare tax!
How can you legally beat the Obamacare tax that applies to last year, this year, and future years?
I’ll explain three nifty escape plans when you read my new article titled Tax Tips: Own Rental Property? Escape the Obamacare Tax—Use New IRS Rules.
Escape #1: I call this one “The Great Escape” because it lets you deduct your rental losses against your business and portfolio income! Don’t miss this! You’ll get all the details when you read the full article.
Escape #2. If you qualify, the new IRS safe-harbor regulation means your rental real-estate profits are exempt from the 3.8% tax, and the gain on the sale of those properties is also exempt from the tax! We’ll explain everything when you read the full article.
Escape #3. If you play your hand right, your rental real estate can qualify as Section 162 trade or business property despite your reporting it as rental property on Form 1040, Schedule E. Sure this sounds complicated, but we’ll make it easy when you read the full article.