After researching this so called 3.8% transfer tax on real estate transactions, I found out it is NOT a transfer tax. It is NOT paid at closing.
There could be an obligation to the seller(s). Numbers to remember: 250/500. 200/250.
The tax would be applied to the amount of the gain in excess of 250k for single filer and the amount of gain in excess of 500k for joint filer. ...
October 19, 2012