Does the new health care bill place a 3.8% tax on the sell of your home? Yes and No. Only is your profit on the home is over $250,000 for a single person and $500,000 for a married couple. The tax will definitely be imposed on second homes and investment properties. I think 1031 exchanges will become more popular!
http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/
Thursday, August 12, 2010
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