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New Medicare Tax 2013 – How It Will Impose on Real Estate Sales

filed under: Ask the Broker, Real Estate Investment Strategies posted on September 26th, 2012

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New Medicare Tax 2013 – How It Will Impose on Real Estate Sales: Many of you have heard about the new Medicare Tax as part of the New Obama Health Care Law, officially called the “Patient Protection and Affordable Care Act” signed by President Obama on March 23, 2010. And many have questions as to how it will effect investment income from rental property, as well as income from the sale of real estate investments, commercial and residential. Who will it effect and when?

The Wisconsin REALTORS(R) Association (WRA) just recently published and distributed an article to it’s members with just these questions and facts. Here are the facts:

Beginning in 2013, a new 3.8% Federal tax will be imposed on investment income of “high-income earners” — single households with adjusted gross incomes (AGI) over $200,000.00 and married households above $250,000. The tax applies to smaller of the household’s net investment income or the excess of AGI over the thresholds. Capital gains are treated as investment income.

If a household’s AGI exceeds the thresholds, the household will be required to pay 3.8% tax on the folloing types of real estate:

The gain from the sale of a primary residence, if the gain on the home exceeds $250,000.00 for single housholds or $500,000.00 for married households (Note: For theprimary residences, the tax apllies only to the gain over these amounts.
The gain from the sale of second homes.
The gain from the sale of investment and commercial real estate
Net rental income from investment properties.

Source: Wisconsin REALTORS(r) Association

For more information on the new Medicare Tax “click here” or to request a copy of the article, please e-mail me at [email protected] with the subject Medicare Tax 2013.

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For your Commercial / Investment Real Estate needs, hire the Commercial Broker.

Grubb & Ellis | Pfefferle
Independently Owned & Operated

The ONLY National Commercial Real Estate Brokerage located in North Central Wisconsin.

Local Presences | Global Reach

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Serving: Marathon County, Portage County, Wood County, Lincoln County, Langlade County, Clark County, Taylor County, Oneida County, Shawano County, Chippewa County, Eau Claire County and other points of Wisconsin.

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New Medicare Tax Imposed on Real Estate Sales of “High-Income Earners” | Health Care Reform

filed under: Ask the Broker, Real Estate Investment Strategies posted on September 29th, 2010

New Medicare Tax Imposed on Real Estate Sales of “High-Income Earners”. Many of you have heard about the new Medicare Tax on investment income, including income from real estate. However, based upon several calls the Wisconsin Realtors Association has recieved, confusion still exists about when the new tax goes into effect, who it applies to, and what types of real estate will be impacted.

Here are the facts:

Beginning in 2013, a new 3.8% tax will be imposed on investment income of “high-income earners” — single households with adjusted gross incomes (AGI) over $200,000 and married households above $250,000. The tax applies to the smaller of the household’s net investment income or the excess of AGI over the thresholds. Capital gains are treated as investment income.

If a household’s AGI exceeds the thresholds, the household will be required to pay the 3.8% tax on the following types of real estate:

	the gain from the sale of a primary residence, if the gain on the home exceeds $250,000 for single households or $500,000 for married households (Note – For primary residences, the tax applies only to the gain over these amounts.)
	the gain from the sale of second homes
	the gain from the sale of investment and commercial real estate
	net rental income from investment properties

Medicare vs. Medicaid:

Medicare, not to be confused with medicaid, is the social health insurance program administered by the Federal Government under the Social Security Act of 1965. Medicaid is the U.S. health program for eligible individuals and families with low incomes and resources. It is jointly funded by the local state and Federal governments and is managed by the states.

For more information on the new Medicare Tax, please visit:

http://www.realtor.org/small_business_health_coverage.nsf/pages/health_ref_faq_med_tax?opendocument

Disclaimer and Source: The above information was provided by the National Association of Realtors (NAR) and the Wisconsin Realtors Association (WRA). This post is intented as an informative article. I am not a CPA nor a financial advisor. Therefore, I would recommend you to contact your personal CPA or financial advisor for more information and personal advise and counsel.

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For your Commercial & Investment Real Estate needs, hire the Commercial Broker.

Grubb & Ellis | Pfefferle
Independently Owned & Operated

The ONLY National Commercial Real Estate Brokerage located in North Central Wisconsin.

Local Presences | Global Reach

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Why Use a Commercial Real Estate Broker | Wausau, Wisconsin

filed under: Ask the Broker, Commercial Real Estate Broker, Commercial Real Estate Market, Real Estate Investment Strategies posted on June 4th, 2010

Why Use a Commercial Real Estate Broker?

Commercial Real Estate Brokers are Business Minded people who understand there commercial clients’ needs and are driven by the economics of a transaction.

Commercial Real Estate Brokers have an in-depth knowledge of commercial properties, valuations, financial alternatives and available economic incentives. In addition, they are connected with the decision makers of the community and work regularly with Towns, Villages, Cities and the State regarding zoning, conditional use, wetlands, CSM’s and building permit processes.

Commercial Real Estate Brokers have developed sophisticated property databases and have access to a wide variety of material that will assist them in marketing, searching, negotiating and representing their clients in the most professional manner possible.

Commercial Real Estate Brokers are professionals who specialize exclusively in commercial real estate.

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For your Commercial and Investment Real Estate needs hire the professionals. Grubb & Ellis | Pfefferle is the ONLY National Commercial Real Estate Broker in North Cenrtal Wisconsin. Independently Owned and Operated

View Ark Rhowmine’s Commercial Listing.

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Ark Rhowmine Newmark Grubb Pfefferle 200 Washington St. Ste-100 Wausau, WI 54403 Direct/Cell // 715.297.1953 [email protected]