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 I have been hearing from worried clients.
Here are the facts:
Here are the facts:
Gain on the sale of your house is not taxable unless your gain is greater than $250,000 for singles or $500,000 for married taxpayers.
That's the facts Jack.
