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Old 04-13-2004, 08:51 AM   #1
cheapchinese
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Lightbulb List of Unrealized/Non taxable Income

Similiar to this thread : http://www.gotapex.com/forums/showthread.php?t=73825 (List of Realized/taxable income)

Just want to start making a list on what are Unrealized income, basically the book said, the best way to accumulate wealth is through unrealized income.

From what i know now

Municipal Bond -tax free
IRA - deferred
Stocks - can appreciate, will be taxed if sold

anymore
Investment property (appreciation of the property is only taxed when you sell the property)tax free for 250K single, 500k for couple ==edited

Any personal use property (not cars, boats, etc..) - appreciation isn't taxed at all (up to a certain amount, which I think is pretty high) if you have lived in the house for 2 of the last 5 years~~~ from gui

Insurance: VUL and annuities = newly added

Last edited by cheapchinese : 04-15-2004 at 02:25 AM.
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Old 04-13-2004, 11:46 AM   #2
guiseppewv
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How about:

Investment property (appreciation of the property is only taxed when you sell the property)

Any personal use property (not cars, boats, etc..) - appreciation isn't taxed at all (up to a certain amount, which I think is pretty high) if you have lived in the house for 2 of the last 5 years.
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Old 04-13-2004, 02:21 PM   #3
cheapchinese
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how does Ross Perot do it, anyone know?
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Old 04-14-2004, 09:16 AM   #4
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Quote:
Originally Posted by guiseppewv
How about:

Investment property (appreciation of the property is only taxed when you sell the property)

Any personal use property (not cars, boats, etc..) - appreciation isn't taxed at all (up to a certain amount, which I think is pretty high) if you have lived in the house for 2 of the last 5 years.

I found out from the "sister" thread to this one that you can 250k in gains (500k for married peeps) of gains on any property that you have lived in for 2 of the last 5 years.
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Old 04-15-2004, 02:25 AM   #5
cheapchinese
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i just added VUL and annuities
hope this list can help people that are in the working class
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