SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (41223)9/12/2005 10:12:15 AM
From: Mark FlemingRead Replies (1) | Respond to of 306849
 
FYI: The 3.3% tax is based up on the profit of the RE sold, not the gross. However, 3.3% of the entire gross sale is withheld at the time of the sale regardless and the seller will not get back any overpayment until filing their tax return the next year.