Harvey S. Jacobs

Latest by Harvey S. Jacobs

Selling investment property has major tax implications

Selling investment property has major tax implications

Using profit to prepay mortgage on principal residence can be affected by depreciation, capital gains.

Tax embedded in Affordable Care Act affects homeowners

Homeowners who sell their homes for a substantial profit are subject to a net investment income tax of 3.8 percent.

House Lawyer | What short-sale sellers can do when the bank doesn’t call them back

House Lawyer | What short-sale sellers can do when the bank doesn’t call them back

For urgent concerns, contact the institution’s escalation team or the Consumer Financial Protection Bureau.

Think hard first before adding a loved one to a house deed

It should never be done without exploring alternatives and understanding negative implications.