The Facts: National Real Estate Tax

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Get the facts about the national real estate transfer tax (or lack thereof!)

Updated March 13, 2012

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The Facts: National Real Estate Tax

  1. 1. No real estate transfer taxin health care billISSUE: There is no national real estatetransfer tax in the Health Care bill passed byCongress.WHAT THERE IS: There is a 3.8%Medicare tax on investment income asdefined as interest, dividends, capital gainsand net rents. The 3.8% Medicare tax isimposed ONLY on those individuals withmore than $200,000 of Adjusted GrossIncome (AGI) ($250,000 on a joint return).
  2. 2. Henrietta’s rental income is from a trade or business so it is NOT treated asinvestment income. Thus, she is NOT subject to the 3.8% investment income tax.
  3. 3. Questions?Ryan CastleGovernment Affairs DirectorCharleston Trident Association of REALTORSRyan@CharlestonRealtors.com843.763-5212 @ryanfcastle www.ryanfcastle.com

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