False internet rumors about “real estate transaction tax” worry taxpayers

The National Association of Realtors has some tax advice for users of the internet: Don’t believe everything you read.

There has been a recent flare-up of chain emails purporting that, come Jan. 1, all real estate transactions will be subject to a 3.8% federal sales tax. The problem: That’s not true.

Read more at the Journal of Accountancy…

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