We are thinking of selling our home and keep hearing about the transfer tax attached to ObamaCare. Can you tell me what this is and how it will affect my income taxes? My husband and I make a combined income of $350.000.

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Its not a transfer tax. It is additional "medicare tax" collected on your income tax return.

Here is a very detailed explanation - www.gemms.us/blog/3-8-medicare-surtax-on-investment-income/

Chuck Heyde, CPA, CGMA
www.GEMMS.us

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We are thinking of selling our home and keep hearing about the transfer tax attached to ObamaCare. Can you tell me what this is and how it will affect my income taxes? My husband and I make a combined income of $350.000.

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We are thinking of selling our home and keep hearing about the transfer tax attached to ObamaCare. Can you tell me what this is and how it will affect my income taxes? My husband and I make a combined income of $350.000.

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