In this episode of Musings, I look at AB 1771, a new bill introduced in California legislature to impose a 25% tax on gains from sales of homes owned for fewer than three years. It turns out, the details ain't quite so, and it makes very little sense.
California's Nonsensical House Flipper Tax
California's Nonsensical House Flipper Tax
California's Nonsensical House Flipper Tax
In this episode of Musings, I look at AB 1771, a new bill introduced in California legislature to impose a 25% tax on gains from sales of homes owned for fewer than three years. It turns out, the details ain't quite so, and it makes very little sense.