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A Medicare Tax on Your Home Sale?
Recently there has been speculation that there is now a Medicare tax on home sales as part of the new federal health care bill. That is not true! According to the language in the law, as explained in this FactCheck.org … Continue reading
Posted in Cincinnati Area Board of Realtors, Home Seller Resource, Taxes Tagged annual incomes, board of realtors, cincinnati area board, Cincinnati Real Estate, couples, factcheck org, federal health care, government affairs office, health care bill, IRS, married couple, medicare, medicare tax, proceeds, real estate agent, speculation Comments Off
Previous refis increase sellers’ tax obligations
This article by Bernice Ross from Inman News highlights important information if you are considering a short sale. I did not condense it because the original content is excellent. This article pertains to real estate in Cincinnati and around the … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance Tagged accountant, assets, bernice, Cincinnati, couples, cpa, dear paul, deficiency judgments, financial circumstances, foreclosure, important information, lenders, mortgage, purchase money loans, realtor, recourse, risk, ross, tax attorney, tax break 5 Comments
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