
Get Free Presentation On Our Home Marketing. Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
|
Compare
three mortgages at one time. Download TripleCalc now. It's
free.
|
Sandra's Team
is one of The Top Selling Real Estate Experts Find Out More > |
|
|
|
Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As top Punta Gorda, Port Charlotte and Charlotte County area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
|
| Q |
Where are church services held in the water each Sunday during July and August?
|
| A |
At Half-Moon Bay, Ontario, worshippers gather in boats facing the natural stone pulpit, and hymnals are passed to the floating congregation by ushers in canoes. |
See More Real Estate Trivia > |
|

|
Sandra's Team RE/MAX Palm Realty 4200 Tamiami Trail Suite D Port Charlotte, FL. 33952 Cell: 941-276-6670 Office: 941-206-2388 Fax: 941-206-2389 Email: Saundraosorio@gmail.com
Sandra Osorio is a multi-lingual and multi million dollar realtor! With an extensive real estate background and excellent knowledge of the area The Sandra Osorio Team is your best choice for your real estate needs! Se Habla Espanol, Falo Portuguese, Parlo Italiano! Buy or Sell with the Sandra Osorio Team and receive a Cruise Certificate for two! Learn more at www.SandrasTeam.com!    
www.SandrasTeam.com
is brought to you by
Sandra's Team NUMBER1EXPERT
in real estate for
Punta Gorda, Port Charlotte and Charlotte County, Florida, Golf Course, Water Front,
Hablamos Español Read Sandra's Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|