High-income sellers most likely to feel pinch in 2013
$285,000 ($60,000 + $225,000)
Excess of AGI over $250,000:
$35,000 ($285,000 – $250,000)
$35,000 (AGI excess less than second-home capital gain)
$1,330 ($35,000 x 0.038)
Rob Keasal, real estate tax specialist in the Seattle accounting firm of Peterson Sullivan, said he anticipates the new tax will send more high-wealth individuals to consider tax-deferred exchanges when selling their investment properties.
Mirrors don't have to be kitschy
What's Your Home Worth?