11/02/2026
If you are selling property in Massachusetts for more than one million dollars, there is new paperwork in your future.
Andy explained the change plainly. The Department of Revenue, an executive agency here in Massachusetts, has said this is now the law, and it is part of the current administration's push to generate more revenue for the Commonwealth. It has already taken effect.
The short version:
Sales above one million dollars in gross sale price now require additional forms and additional reporting
Closing attorneys are the ones who have to handle it, which means they are effectively acting as tax collectors
The Real Estate Bar Association of Massachusetts, known as REBA, had very little input despite being a strong lobby
Closing attorneys got some notice, but the real impact lands within the next couple of months
The takeaway is simple. Ask early which reporting applies to your closing, because the forms are manageable and the timing is not.