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What all can you write off on an real estate investmnet property owned for 6 months?
Can anybody send me a link, also as a michigan residents, what will my take rate be for capital gain taxes. I will make 50,000 this year from my job and 180,000 dollar profit off of the investment property.
If you made that much money you’d be wise to consult a pro for assistance. You have issues with depreciation, ST gains, net non recaputred section 1250 gains, passive income. (Get the point?)
You’re return could be somewhat complicated. A little planning and advice could save you much more than the tax fee!

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