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Fact: There is Health Care Legislation that created a new tax that would only apply to a portion of a gain on the sale of any capital asset (this includes real estate sales ). That tax will apply ONLY to individuals with more than $200,000 Adjusted Gross Income (AGI) or 250,000 for a joint income tax return. The tax will not apply to any amount excluded from taxation under the $250,000/$500,000 principal residence rules. The tax is never imposed directly on the full amount of any capital gain.
Here are some resources to check out:
National Association of Realtors example on the taxNational Association of Realtors facts about the tax
National Association of Realtors facts about the tax