NAR Call for Action: Prevent New Tax Burdens on Real Estate

(615) 301 1631: Instant access to search every home listed in Nashville Tennessee including MLS map search. Nashville Real Estate listings organized by price range, property type, lake homes, luxury homes, new construction, neighborhoods and more.

NAR Call for Action: Prevent New Tax Burdens on Real Estate Close
Page Summary

NAR Call for Action: Prevent New Tax Burdens on Real Estate

Posted by Gary Ashton: ADMIN on Tuesday, May 18th, 2010 at 3:29pm.


Congress is considering several changes to the federal tax code that would have a negative impact on the real estate industry and further delay its recovery. 

The first would require owners of rental property to file IRS 1099 forms for all contractors they pay $600 or more within a given year.  This provision would apply to all landlords and investors, regardless of the number of rental properties owned.

In addition, Congress is considering taxing "carried interest" at ordinary income rates instead of capital gains.  Carried interest rules govern how general partners in real estate investments pay taxes after an investment is sold.

Click HERE for information about the impact of these proposed changes.

 Source: Williamson County Association of Realtors

Gary Ashton

The Ashton Real Estate Group of RE/MAX Elite


Be the first to comment on this blog entry!


Leave a Comment

My Account

| Forgotten It?

Recent Blog Posts

Dec31

Chris Botti Joins Forces with the Nashville Symphony on May 17th through 19th

Not even pausing to take a breath from their recent road to Carnegie Hall, Nashville Symphony's next performance will be featuring renowned trumpeter and two-ti...

Add Comment Read More

Dec31

LaurelBrooke Luxury Homes in Franklin TN

Nashville doesn't have too many gated and manned residential communities but one that always springs to mind for me is LaurelBrooke. This upscale community is a...

Add Comment Read More

Dec31

Find a Bargain at Nashville's Flea Market Weekend Starting on May 25th

Junk addicts in Nashville, Tennessee, mark your calendars! This month the Tennessee State Fairgrounds will be hosting their monthly Flea Market on May 25th, 26t...

Add Comment Read More

We're always looking for talented real estate agents to join our growing team.
If you have an excellent knowledge of the Nashville Real Estate market and need extra business then we can help.

Contact Us
Email Bookmark and Share