1031 Exchange: Deferring Taxes through Like-Kind Property Exchanges

Taxpayer’s modified adjusted gross income exceeds the threshold of $200,000 for single taxpayers by $70,000. Taxpayer also received $90,000 from a passive partnership interest, which is considered Net Investment Income. If you are an individual who is exempt from Medicare taxes, you still may be subject to the Net Investment Income Tax if you have Net Investment Income and also have modified adjusted gross income over the applicable thresholds.

Investment Advice From The Vietnam Veteran Who Turned A 2 … – Forbes

Investment Advice From The Vietnam Veteran Who Turned A 2 ….

Posted: Sat, 20 May 2023 10:30:00 GMT

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