Thursday, October 25, 2012

New 3.8% Medicare Tax!

NEW 3.8% MEDICARE TAX (#163)
"ASSESSING THE IMPACT OF REAL ESTATE INVESTORS"
UNDERSTANDING THE NEW 3.8% TAX OF INVESTMENT INCOME
With potential tax increases looming on the horizon, the value of tax deferral mechanisms, such as Section 1031 exchanges, have never been greater. One example of a potential tax increase which appears likely to take effect is the new Medicare tax, which Congress passed as part of the Health Care and Education Affordability Reconciliation Act of 2010, and was recently upheld by the Supreme Court. The Medicare tax, which goes into effect on January 1, 2013, will impose a 3.8% tax on the net investment income of joint filers with adjusted gross income over $250,000, and single filers with adjusted gross income over $200,000.
The new Medicare tax applies to adjusted gross income (the figure on the bottom of the front page of IRS Form 1040), which includes interest, dividends, capital gains, wages, retirement income and income from partnerships and small businesses. It appears the tax will also apply to dividends, rents, royalties, interest (except municipal bond interest), short and long-term capital gains, the taxable portion of annuity payments, income from the sale of a principal residence above the $250,000/$500,000 exclusion, gain from the sale of an investment property or a second home, and passive income from real estate and investments in which the taxpayer does not materially participate.
The National Association of Realtors (NAR) has prepared a brochure that contains a summary of the impact of this new Medicare tax on real estate investors and includes examples of several different investor scenarios. Clickhere to access the NAR Booklet, The 3.8% Tax: Real Estate Scenarios & Examples.
OTHER POTENTIAL TAX INCREASES IN 2013
In addition to the new Medicare tax discussed above, the "Bush-era Tax Cuts," which went into effect in 2001, are scheduled to expire at the end of this year. If the Bush-era Tax Cuts are allowed to expire due to inaction by Congress, the Federal capital gain tax rate will increase to 20%, and the highest marginal tax rate for ordinary income will increase from 35% to 39.6%.
THE COMBINED EFFECT OF THE TAX INCREASES ON REAL ESTATE INVESTORS
Future tax rates remain uncertain. But taking into account the imposition of the new 3.8% Medicare tax, and the uncertainty regarding the Bush-era Tax Cuts, on January 1, 2013 taxpayers could face one of three scenarios:
  1. If Congress extends the Bush-era Tax Cuts, the top Federal tax rate on long-term capital gains will increase from 15% to 18.8%.
  2. If Congress lets the Bush-era Tax Cuts expire, the top Federal tax rate on long-term capital gains will increase from 15% to 23.8%, and the top tax rate on dividends will nearly triple to 43.4%.
  3. If Congress extends the Bush-era Tax Cuts, but not for all tax brackets, this will result in a combination of the above two scenarios, and the top Federal tax rate on long-term capital gains will likely rise for higher earners, but not for all tax brackets.
THE TAX CODE TAKETH, THE TAX CODE DEFERRETH-
THE INCREASING VALUE OF 1031 EXCHANGES
Despite these potential tax increases, one aspect of the tax code provides real estate investors with a huge tax advantage. A Section 1031 exchange, part of the tax code since 1921, allows real estate property owners holding property for investment purposes to defer taxes that would otherwise be incurred upon the sale of investment property. Savvy investors use 1031 exchanges to redeploy their investment capital into better performing investment properties. An exchange provides a fantastic opportunity for investment property owners to defer capital gain taxes. Call the 1031 exchange experts on Pete Dijkstra's Team today at 480-812-9200 and visit www.anyazhome.com.

Monday, October 22, 2012

It's More Than You Expect!








IT'S MORE THAN YOU EXPECTED!


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The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1325431


Location:
6687 N 79th PL, Scottsdale, AZ 85250

 
New or Resale:
Resale

 
Type:
Single Family Home


Price:
/  $294,500


Address:
6687 N 79th PL


City/St:
Scottsdale, AZ


Zip Code:
85250


Bedrooms:
3


Bathrooms:
2 full, 0 half, 0 three-quarter bath

 
Square Footage:
1437

 
MLS#
4828115

 





Pete Dijkstra & Team


RE/MAX Infinity


2450 S Arizona Ave. #1


Chandler, AZ  85286


Ph#: 480-812-9200


Fax:  480-760-2330




Equal Housing
NUMBER1EXPERT(R)







Thursday, October 18, 2012

Just 2 Years Old And Relocating!






JUST 2 YEARS OLD AND RELOCATING!
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The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1327814
Location:747 W Love Rd, San Tan Valley, AZ 85143
  New or Resale:Resale
  Type:Single Family Home
Price: /  $126,900
Address:747 W Love Rd
City/St:San Tan Valley, AZ
Zip Code:85143
Bedrooms:3
Bathrooms:2 full, 0 half, 0 three-quarter bath
  Square Footage:1459
  MLS#113
 



Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ  85286
Ph#: 480-812-9200
Fax:  480-760-2330



Equal Housing
NUMBER1EXPERT(R)







Waterfront Lot In Chandler!






WATER FRONT LOT IN CHANDLER!
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The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1326739
Location:1701 W Gunstock Loop, Chandler, AZ 85286
  New or Resale:Resale
  Type:Single Family Home
Price: /  $269,900
Address:1701 W Gunstock Loop
City/St:Chandler, AZ
Zip Code:85286
Bedrooms:3
Bathrooms:3 full, 0 half, 0 three-quarter bath
  Square Footage:1872
  MLS#742
 



Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ  85286
Ph#: 480-812-9200
Fax:  480-760-2330



Equal Housing
NUMBER1EXPERT(R)







Need 4 To 6 Bedrooms? $242,900!








NEED 4 TO 6 BEDROOMS? $242,900!


Click here for more info.


Visit www.AnyAzHome.com for more information.






The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1159865


Location:
247 Queen Creek, Queen Creek, AZ 85140

 
New or Resale:
New

 
Type:
Single Family Home


Price:
UNBELIEVABLE! /  $242,900


Address:
247 Queen Creek


City/St:
Queen Creek, AZ


Zip Code:
85140


Bedrooms:
4


Bathrooms:
2 full, 1 half, 0 three-quarter bath

 
Square Footage:
3293

 
MLS#
247

 





Pete Dijkstra & Team


RE/MAX Infinity


2450 S Arizona Ave. #1


Chandler, AZ  85286


Ph#: 480-812-9200


Fax:  480-760-2330




Equal Housing
NUMBER1EXPERT(R)







Brand New 3,082 SqFt For Only $238,900!

BRAND NEW 3,082 SQFT FOR ONLY $238,900!
Click here for more info.
Visit www.AnyArizonaHome.com for more information.
The web address for this property is:
http://www.AnyArizonaHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1073927
Location:Queen Creek, Queen Creek, AZ 85142
New or Resale:New
Type:Single Family Home
Price:AMAZING PRICE! / $238,900
Address:Queen Creek
City/St:Queen Creek, AZ
Zip Code:85142
Bedrooms:5
Bathrooms:3 full, 0 half, 0 three-quarter bath
Square Footage:3082
MLS#246
Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ 85286
Ph#: 480-812-9200
Fax: 480-760-2330
Equal Housing NUMBER1EXPERT(R)

Wednesday, October 17, 2012

2,351 SqFt and Community Pool! Just $191,500!






2,351 SQFT, COMM. POOL AND JUST $191,500
Click here for more info.
Visit www.AnyAzHome.com for more information.



The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1327666
Location:3315 E Oakland St, Gilbert, AZ 85295
  New or Resale:Resale
  Type:Single Family Home
Price: /  $191,500
Address:3315 E Oakland St
City/St:Gilbert, AZ
Zip Code:85295
Bedrooms:4
Bathrooms:2 full, 1 half, 0 three-quarter bath
  Square Footage:2351
  MLS#753
 



Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ  85286
Ph#: 480-812-9200
Fax:  480-760-2330



Equal Housing
NUMBER1EXPERT(R)







LAST OF THE "RED HOT BARGAINS!"






LAST OF THE “RED HOT BARGAINS!”
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The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1327571
Location:4642 E Alamo St, San Tan Valley, AZ 85140
  New or Resale:Resale
  Type:Single Family Home
Price: /  $140,000
Address:4642 E Alamo St
City/St:San Tan Valley, AZ
Zip Code:85140
Bedrooms:4
Bathrooms:3 full, 1 half, 0 three-quarter bath
  Square Footage:2842
  MLS#754
 



Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ  85286
Ph#: 480-812-9200
Fax:  480-760-2330



Equal Housing
NUMBER1EXPERT(R)







You'll Love The Home And Like The Price!








YOU'LL LOVE THE HOME AND LIKE THE PRICE!


Click here for more info.


Visit www.AnyAzHome.com for more information.






The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1327537


Location:
4592 E Gleneagle Dr, Chandler, AZ 85249

 
New or Resale:
Resale

 
Type:
Single Family Home


Price:
/  $269,950


Address:
4592 E Gleneagle Dr


City/St:
Chandler, AZ


Zip Code:
85249


Bedrooms:
5


Bathrooms:
3 full, 0 half, 0 three-quarter bath

 
Square Footage:
3100

 
MLS#
112

 





Pete Dijkstra & Team


RE/MAX Infinity


2450 S Arizona Ave. #1


Chandler, AZ  85286


Ph#: 480-812-9200


Fax:  480-760-2330




Equal Housing
NUMBER1EXPERT(R)







Tuesday, October 16, 2012

4 Car Garage & 5,580 SqFt $499,000!






4 CAR GARAGE & 5,580 SQFT FOR $499,000!
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The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1326754
Location:20309 E Poco Calle, Queen Creek, AZ 85142
  New or Resale:Resale
  Type:Single Family Home
Price: /  $499,000
Address:20309 E Poco Calle
City/St:Queen Creek, AZ
Zip Code:85142
Bedrooms:6
Bathrooms:3 full, 1 half, 0 three-quarter bath
  Square Footage:5565
  MLS#747
 



Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ  85286
Ph#: 480-812-9200
Fax:  480-760-2330



Equal Housing
NUMBER1EXPERT(R)







Tempe Basement Home in Alisanos!






TEMPE BASEMENT HOME IN ALISANOS!
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The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1326795
Location:404 W Secretariat Dr, Tempe, AZ 85284
  New or Resale:Resale
  Type:Single Family Home
Price: /  $589,000
Address:404 W Secretariat Dr
City/St:Tempe, AZ
Zip Code:85284
Bedrooms:5
Bathrooms:4 full, 1 half, 0 three-quarter bath
  Square Footage:4037
  MLS#745
 



Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ  85286
Ph#: 480-812-9200
Fax:  480-760-2330



Equal Housing
NUMBER1EXPERT(R)







Monday, October 15, 2012

Gorgeous Ocotillo Home - Traditional Sale






GORGEOUS OCOTILLO HOME - TRADITION SALE
Click here for more info.
Visit www.AnyAzHome.com for more information.



The web address for this property is:
http://www.AnyAzHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1326793
Location:1830 W Wisteria Dr, Chandler, AZ 85248
  New or Resale:Resale
  Type:Single Family Home
Price: /  $310,000
Address:1830 W Wisteria Dr
City/St:Chandler, AZ
Zip Code:85248
Bedrooms:4
Bathrooms:2 full, 0 half, 0 three-quarter bath
  Square Footage:2345
  MLS#750
 



Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ  85286
Ph#: 480-812-9200
Fax:  480-760-2330



Equal Housing
NUMBER1EXPERT(R)