Norris McLaughlin & Marcus, P.A.

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capital tax

Apr 19, 2017

Why Passive Activity Rules are Still Important When Selling Rental Real Estate

Since the inauguration, it appeared that the Net Investment Income Tax (NIIT), otherwise known as the 3.8% Medicare Surtax, which passed as part of the Affordable Care Act, was going to disappear.   However, with the gridlock in Congress and the failure to repeal and replace Obamacare, it now seems that the NIIT is here to stay, at least for now.

Given the failure to repeal and replace, it is still relevant to consider passive activity rules in connection with the NIIT.   » Read More

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