Starting on January 1, 2013, there will be a 3.8% tax on some investment income. How will this work and how will it affect you? Below is an informative article from the National Association of REALTORS® explaining how this new tax works.
For a more detailed understanding, NAR also has this brochure that explains this new tax in various scenarios:
NAR does suggests consulting with a tax advisor to make sure the tax is applied correctly in your case.