Tax Topics: 

If you are thinking of selling and want to discuss the tax consequences of selling, I can give you general information about: 

  1-Single and married Capital Gain Exclusion on primary residence 

  2-1031 Tax Deferred Exchanges on Investment properties 

  3-Unique ways to defer capital gains on almost any sale 

  4-Tax Deferred Exchanges and/or Roll Over Rules: Ouch! If you are here to brush up on the over 55 roll over rule, you are in big trouble. Federal law no longer allows the one time rollover of capital gains on personal residences. Instead, there is a $250,000 exclusion of capital gains for single people and $500,000 for married persons (restrictions apply).  If you are seeking an experienced Broker for 1031 tax deferred exchanges, I am your man.  I have done many as a Real Estate practitioner and as a principal as well.  Call me!

  5-Sheltering property for estate and medicare planning. I know enough about this to put you in touch with a trusted affiliate.

Often answers can be complicated and require specific information from professionals. If I don’t know the answers, I will put you in touch with a qualified practitioner.  

Let me stress that I deal with these issues regularly!  I am not an attorney or a CPA. I will put you in touch with folks I trust when you need that type of advice.

Buyers Remorse >Buyers Remorse If you are like most buyers who sign a purchase agreement on a new home, you will almost certainly feel a wave of overwhelming anxiety. You may begin to question your judgement -- did I pay too much? Is it the right home? Can I really afford the mortgage payments? How can I get out of it? This response--referred to as "Buyer's Remorse"--is completely normal! Call your friends who have owned a home for a few years if you experience an attack of buyer's remorse. Are they bothered by rapidly escalating home prices? Probably not, because that means the value of their home is increasing. Did they feel anxious when they first signed the agreement? They may tell you that they felt just as anxious as you are feeling, but now are really glad that they went through with the purchase. Have they made improvements to the property that heightened their enjoyment of the home? They will probably say they much prefer the creative freedom of being a homeowner compared with having to ask the landlord's permission to put in a garden or paint the living room. When you experience a buyer's panic attack, be strong -- you have a great deal to gain! See All Tips In The "Buyers Remorse" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What is the world's largest palace? A  The Imperial Palace (Gugong) in the center of Beijing, China covers over 178 acres and dates back to the early 1400s. See More Real Estate Trivia >

See the nation's top rated reports for Schools in Vienna >

Get My Latest Listings Before Anyone Else! As soon as I list another home for sale, I'll email you. You'll know first. Name: Email: Find Out More >

Cocke, Szpanka & Taylor, CPAs, PC Cocke, Szpanka & Taylor, CPAs, PCc1800 Robert Fulton DriveReston, Virginia 20191-4346Phone: (703) 391-2000Fax: (703) 391-2580 Find Out More > View All Affiliates >

Get the Latest Real Estate News, Hot Off the Presses! If you are buying or selling a home, you need my eNewsletter. Name: Email: Why Sign Up? > Go To eNewsletter > See Today's News >