Home › Forums › Rants › Tax Time Nightmare….Trump’s Tax Reforms Cost me big time › Reply To: Tax Time Nightmare….Trump’s Tax Reforms Cost me big time
April 8, 2019 12:45 pm at 12:45 pm
#1711041
Ex-CTLawyer
Participant
@anIsraeliYid
I was/am not subject to AMT
I have no children to deduct (I’m over 65)
I pay property tax on multiple properties here in CT (each one more than 10K), I pay state income tax, fire taxes, sales tax as well.
Mrs. CTL has had catastrophic medical issues with accompanying high costs. The new much higher threshold for deducting this has changed my taxes as well.
Having now completed the first year’s tax returns, and getting a grasp on the changes (no I wasn’t going to read the complete tax code), I am in the process of changing ownership structure of a number of properties.