The 3.8% surtax on investment income, part of President Obama’s healthcare overall, will be effective January 1, 2013. The following two articles are excellent sources of inforrmation to help you understand the implications of the new tax. The first link is a PDF report from the National Association of Realtors giving an overview of the tax and showing various scenarios as it relates to real estate transactions. The second link is to an article by the Wall Street Journal. It provides a comprehensive look at the tax and answers many commonly asked questions on the new tax.
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