Facts About the Tax on Investment Income

Real Estate Agent with Irongate Inc. REALTORS SAL.2006006317

Beginning Jan. 1, 2013, a new 3.8% tax on some investment income will take effect. Since this new tax will affect some real estate transactions, it is important for REALTORS® to clearly understand the tax and how it could impact your clients. It’s a complicated tax, so you won’t be able to predict how it will affect every buyer and seller.

It’s important to understand that this tax WILL NOT be imposed on all real estate transactions...which has been a persistent misconception. Rather, when the legislation becomes effective in 2013, 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).
Source: Ohio Association of REALTORS®

Download The Facts versus Myths Brochure at http://www.ohiorealtors.org/public_policy/MythBusters.pdf

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Blog article provided by Christina Cavins, a Nationally recognized Realtor with Irongate Inc. Realtors. Christina can be reached via email at ChristinaCavins@aol.com or by cell phone or text message at 1-937-205-4741. For Ohio real estate and homes see Ohio Real Estate.


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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker


     I remember the emails implying that every sale would be hit with this 3.8% Federal Government Tax. 

     Not so, it only affects certain transactions involving upper middle class and "wealthy" individuals.   I will defer to a CPA or Tax Attorney for a complete explanation.


     How Convenient that this Tax, along with countless others, does not take effect until AFTER the 2012 Elections!

Oct 08, 2011 02:21 PM #1
Daniel H. Fisher
www.FisherHermanRealty.com (704) 617-3544 - Charlotte, NC
MCRP - Charlotte Real Estate, NC or SC

Taxes and their consequences to the individual seem to be in constant flux - and best understood with the competent interpretation of a CPA.

Oct 08, 2011 02:40 PM #2
Christina Cavins
Irongate Inc. REALTORS - Centerville, OH
www.BuySellOH.com Search Ohio Homes For Sale

I agree 110% Fred and Daniel, but I'd rather have MORE information than less information...wouldn't you?

Oct 08, 2011 02:54 PM #3
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Evening Christina


Thanks for the post. Have a great day

Oct 08, 2011 03:12 PM #4
Christina Cavins
Irongate Inc. REALTORS - Centerville, OH
www.BuySellOH.com Search Ohio Homes For Sale

You're welcome, Patrick! Hope you have a good night too, and a good rest of the weekend!

Oct 08, 2011 03:29 PM #5
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Christina - Thank you for sharing quality information on facts about the tax on investment income.

Oct 08, 2011 04:38 PM #6
IJWTS wow! Why can't I think of tinghs like that?
Dec 27, 2011 11:05 AM #7
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Christina Cavins

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