Tag: Taxes

Tax Reform Hacks For Real Estate A Bit More Complicated

Tax Reform Hacks For Real Estate A Bit More Complicated
On Thursday I posted some ideas on how to retain the benefits of the mortgage interest and property tax deductions under the new tax law. But I think I oversimplified it a bit so I wanted to backtrack for a few minutes. Let me clarify a few things. First, I want to make sure that... Read more »

Real Estate Tax Reform Hacks: Renting, Buying, And Investing

Real Estate Tax Reform Hacks: Renting, Buying, And Investing
Last week I posted on how the new tax reform law has increased the attractiveness of renting a home vs. buying a home because of the increase in the standard deduction and the $10,000 limit on the deductibility of state and local taxes. As I pointed out in a November 2017 post the real problem... Read more »

Transfer Taxes On "Expensive" Homes Is Not The Solution To Chicago's Problems

Transfer Taxes On "Expensive" Homes Is Not The Solution To Chicago's Problems
In case you’ve missed the news over the last few years Chicago has a lot of problems that are going to cost a lot of money to fix. So everyone is trying to figure out where all the money is going to come from. Well, a few aldermen and special interest groups have an answer... Read more »
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Yep, High Taxes Drive People Away

Yep, High Taxes Drive People Away
I ran across a great blog post on the BiggerPockets Web site that is well worth the read: New Data Shows Americans Fleeing High-Tax States. In case you are not familiar with BiggerPockets it’s a community for real estate investors and they are interested in topics like this because it has implications for where to... Read more »

Winning A Trump Tower Condo Not So Great For Staff Assistant

Winning A Trump Tower Condo Not So Great For Staff Assistant
I just read the Tribune article about Deborah Robertson, a Baltimore staff assistant for the Social Security Administration, that just won a condo in the Trump Tower in an HGTV contest. My first thought was that her excitement is very short lived. Of course she is delighted right now. After all, the Trump Tower is a... Read more »

4 Reasons To Leave Illinois

4 Reasons To Leave Illinois
This is really not a new insight but an article in this week’s Crain’s  about Illinois’ estate tax really got me to thinking about some of the reason’s to move out of Illinois and there are 4 of them that immediately come to mind: taxes, taxes, taxes, and taxes. Illinois politicians love taxes. Hence the... Read more »
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