Q: What is the new Obamacare Real Estate Tax and When does it take effect?
Obamacare 3.8% Real Estate Tax becomes effective January, 1, 2013.
Beginning January 1, 2013, a new 3.8 percent tax on some investment income will take effect. Since this new tax will affect some real estate transactions, it is important to clearly understand the tax and how it could impact you.
To get you up to speed about this new tax legislation, we have uploaded a brochure where you can read examples of eight different scenarios in which this new tax could be relevant to you.
A common misconception is that this tax will be imposed on all real estate transactions; it WILL NOT.
Fill out the form below and the brochure will be emailed to you instantly.
This guide is provided as a courtesy only. Please check with your tax preparer for any tax implications that may result if you accept a loan modification from your lender. Neither Keller Williams Realty, Marketplace One or Tania Michaels are tax experts.