

6,773,478
Not sure if even the signers of this know what is in it yet.
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Bob Crane
Stevens Point, WI
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Anthony Acosta - ALLAT...
Atlanta, GA
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
2,820,193
Not sure I understand your question, but I believe it was changed to be up $750,000. Not sure about timing, etc. Ask an accountant...and they may not know yet until next year.
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Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Inna Ivchenko
Encino, CA
2,231,519
-
Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
930,535
Desaster for HELOC's... and many wage-earners....
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Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
1,713,581
Talk to your friendly local lender.
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Bob Crane
Stevens Point, WI
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
5,395,513
You need to ask a mortgage lender this question... and I'm sure it's a bit premature to have all the answers as yet.
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Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
1,658,108
''Mortgage interest deductions: The new law caps the limit on deductible mortgage debt at $750,000 for loans taken out after Dec. 14. (Loans made before that date can continue to deduct interest on mortgage debt up to $1 million.) Homeowners can refinance mortgage debts that existed before Dec. 14 up to $1 million and still deduct the interest as long as the new loan does not exceed the amount refinanced. The interest on a home-equity loan can be deducted as long as the proceeds are used to substantially improve the home. Mortgage interest on second homes can be deducted but is subject to the $750,000 limit.''
my favorite part this:
Estate tax: The law doubles the estate tax exemption to $11.2 million.
Doubles! Here we go...
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
1,269,775
Try T-tax they have got this one done already.
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Sam Shueh
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,643,207
It has no effect in 2017.
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
3,224,572
I don't even care
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
1,525,616
I have no idea.
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
3,986,529
This is above my pay scale
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Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
5,561,835
Definitely a CPA question - and I would respond to all of my clients who ask that question the same exact way!
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Bob Crane
Stevens Point, WI
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Anthony Acosta - ALLAT...
Atlanta, GA
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Nina Hollander, Broker
Charlotte, NC
5,205,714
That’s advice that needs to come from a CPA. I wouldn’t even consider a advising someone or suggesting a possible outcome.
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Anthony Acosta - ALLAT...
Atlanta, GA
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
3,988,144
I let my accountant figure that out for me and with my clients, I never, ever give accounting advice other than consult with your tax person.
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Anthony Acosta - ALLAT...
Atlanta, GA
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
2,718,913
You need a CPA involved whenever a tax change of this magnitude occurs.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
685,002
I would be contacting my CPA or my Expert Lender with this question.
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
5,585,039
ask your accountant....
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
8,243,631
Read the new rules.
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Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,231,903
Clueless.
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
1,546,934
Best to talk to a CPA.
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Bob Crane
Stevens Point, WI
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Anthony Acosta - ALLAT...
Atlanta, GA
3,448,581
I leave these matters to my CPA to guide me ... and I recommend my clients do the same.
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Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
2,874,392
The very act of looking at the answer to your question is the rule in play
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
3,074,716
C.P.A.
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Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,565,078
For many, no change. For some the limits will come into play!
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Anthony Acosta - ALLAT...
Atlanta, GA
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Debe Maxwell, CRS
Charlotte, NC
921,504
In reviewing the 500 page Cliff Notes on the tax bill, the conclusion was those living in the big houses or high tax states get to pay more.
Those are the same states with extreme leftist views.
What's not to like?
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
544,164
Another incentive to own a house free and clear
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Bob Crane
Stevens Point, WI
4,434,277
5,774,106
3,417,759
It will not affect 99.9% of the homes here in NH.
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Anthony Acosta - ALLAT...
Atlanta, GA
1,598,552
2,071,336
4,322,295
6,058,294