Some wrong info is circulating the net.
Twice today I’ve recived and email saying that every new home sale in 2012 will be taxtd an additional 3.8%
Its a rumor based on a little fact.
Does the new health care law impose a 3.8 percent tax on profits from selling your home?
No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.
You can read more here:
Barry Bevis, Broker/Realtor