Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: wmfights

Well you can make about $95K taxfree abroad before Obama has his hand out.


43 posted on 08/29/2014 5:53:11 PM PDT by bjorn14 (Woe to those who call good evil and evil good. Isaiah 5:20)
[ Post Reply | Private Reply | To 24 | View Replies ]


To: bjorn14
Well you can make about $95K taxfree abroad before Obama has his hand out.

Not true. If the money is considered "unearned income" there is no exclusion. IOW, if you purchase property, rehab it, and lease it the profit is considered "unearned income".

46 posted on 08/29/2014 6:22:21 PM PDT by wmfights
[ Post Reply | Private Reply | To 43 | View Replies ]

To: bjorn14

“Well you can make about $95K taxfree abroad before Obama has his hand out.”

IF you spend LESS than 30 days in the US in a 12 month period.


50 posted on 08/30/2014 12:26:35 PM PDT by aMorePerfectUnion ( "I didn't leave the Central Oligarchy Party. It left me." - Ronaldus Maximus)
[ Post Reply | Private Reply | To 43 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson