tax: 3.8% Tax on Real Estate: National News - 12/28/12 01:01 AM
There is a 3.8% tax in the healthcare reform bill; however much of the information circulating on the Internet is grossly inaccurate – the tax is not a transfer tax, and it will not be imposed on all real estate transactions. The 3.8% tax will take effect beginning January 1, 2013.
The new tax will apply to high-income households and their “unearned” investment income, including capital gains, dividends, interest, and rents minus expenses. The tax could impact some real estate transactions, but with this tax being so complicated we cannot predict how it may or may not impact every buyer or … (7 comments)

 
Sharron Kelley, CRS, ABR,CDPE,CIAS (Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)

Sharron Kelley

CRS, ABR,CDPE,CIAS

Buffalo Grove, IL

More about me…

Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein

Address: 4192 IL Route 83, Suite F, Long Grove, Il, 60047

Office: (847) 465-3638

Mobile: (847) 980-0426



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