E-mails spread concern about a new “real estate transaction tax”

The impending 3.8% Medicare surtax has fueled a spate of chain e-mails regarding a federal “real estate transaction tax” on home sales, and practitioners are hearing from worried clients. This article separates fact from fiction to help practitioners educate clients about how the Medicare surtax works and how it won’t apply to most home sales.

Read More » {Journal of Accountancy}

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