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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Peter van Steennis who wrote (360810)4/22/2010 3:07:01 PM
From: MulhollandDrive1 Recommendation  Read Replies (1) | Respond to of 793916
 
thanks peter....

curious to find out what exactly the withholding was if any on his transaction



To: Peter van Steennis who wrote (360810)4/22/2010 3:44:37 PM
From: Alan Smithee1 Recommendation  Read Replies (1) | Respond to of 793916
 
I'm getting more details on this from the guy who sold the property. I'm beginning to think whoever handled his escrow screwed up.

That said, this new tax is huge. It's going to affect every sale of investment real estate, as well as other assets. It'll be of interest to see how the tax is reconciled with the rules for exclusion of gain on the sale of one's principal residence.


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