All Forum Posts by: William Behm

Also, if that asset is a primary residence that meets section 121 guidelines, is the first $500,000 capital gains exclusion amount disregarded in determining these brackets/tax rates?

If I am married filing jointly and we make $250,000 income during 2018 and then sell an asset for $750,000 Long Term Capital Gains, what will be the tax rate on the capital gains?

Trying to understand:

1) Are Long Term Capital Gains taxed at a progressive rate (part of the gain at taxed at 15% and the remaining that exceed total income of $479,000 taxed at 20% or does the entire amount get taxed at 20% if you cross the $479,000 income threshold)?

 Great information!!  @Brandon Hall, are you aware of any updates regarding Sec 121?   We are very eager to find out if it stays at 2 years or changes to 5.

My wife and I are full-time, self employed real estate investors with 2 toddlers.  We have been purchasing our health insurance through Healthcare.gov Marketplace and must select our 2018 plan by 12/15/2017.  The rates are astronomical!!!  Cheapest plan starting at $1200/month for terrible plans that come with an additional $15,000 annual family deductible.  We cannot pay $14,400 in premiums for a inferior policy.

What are other full-time investors doing for health insurance?  

No on seems to be talking about this.  But as of January 1, 2018 the new Tax Overhaul Bill will substantially increase the requirement to live in a home from 2 years to 5 years in order to qualify for the capital gains exclusion on primary home sale ($250,000 Single Filer/ $500,000 Married).

We have lived in our home 2.5 years and will be selling it in January 2018. Are there any creative (and legal) ways to avoid the change in 2018 from taking away our capital gains exclusion? Please do not suggest staying 5 years. Anything creative that would work like possibly transferring to a trust or LLC this year to establish gain in 2017 rather than 2018?

Much appreciated!