We have read in the news that President Obama signed H.R.4853 into law extending Bush-era tax rates. It also extended many other expiring provisions some of which affect real estate:
*Keeping Bush-era tax brackets for 2011 and 2012
*Retention of the 15% Capital Gains Tax Rate for assets sold or disposed during 2011 and 2012
*Extending many credits for energy efficiency through 2011 such as the Energy Efficient New Homes, Energy Efficient Existing Homes, and Energy Efficient Buildings credits.