There is indeed a tax on the sale of real estate. It doesn’t apply to many people, but it WILL apply to some people that have profit from the sale of their homes. Starting in 2013, those with incomes over $200,000 will have to pay a 3.8% tax on profit from the sale of their … More New “Tax” on Real Estate Sales ?
Some interesting posts I’m passing along… “…REO addendum are very extensive and put a lot of responsibilities and costs on the buyer “…I’ve sold quite a number of REO’s to buyer clients. Prior to showing these properties I explain that if an offer is written, the bank will send us back their addenda, which will essentially … More REO bargain hunting ? READ THE FINE PRINT