Difference between revisions of "The Tax Benefits Of Real Estate Investing"

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Latest revision as of 18:28, 4 October 2024

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Example: Mary, an American citizen, is single and lives in Bermuda. She earns a salary of $450,000. Part of Mary's income will be subject to U.S. income tax at the 39.6% tax rate.

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6) If you do obtain house, you have to keep it at least two years to a candidate for what is famous as the home sale difference. It's one of your best tax breaks available. It allows you to exclude significantly $250,000 of profit on his or her sale of one's home from your income.

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