are you ready for all the increase in taxes starting in 2013?
I posted a summary of the changes which will start in 2013. You can see it when you log in under the What’s New Section.
See this article
http://businessonmain.msn.com/browseresources/articles/taxcenter.aspx?cp-documentid=253256379&wt.mc_id=msnmoney#fbid=pi-tK31uHAI
I’m also working on finding a good CPA to get on a conference call to discuss how to minimize impact.
If you sell real estate in 2012, you’ll pay a 15% capital gains tax. If you sell real estate in 2013, you’ll pay a 20% capital gains tax PLUS a 3.8% Federal tax on certain properties.
So, if you’re thinking about selling anything SELL IT FAST — in 2012!