The 3.8% Tax – Real Estate Scenarios & Examples

There have been some questions about the new tax slated to take effect on January 1, 2013.  This tax will NOT be imposed on all real estate transactions; rather, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses) and capital gains (less capital losses).  The tax will only fall on individuals with an adjusted gross income (AGI) above $200,000 and couples filing a joint return with more than $250,000 AGI.  Click here for more information and various examples of how this tax may effect your real estate transaction.

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