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.

Insurance >Your Life Preserver Title insurance is like a life preserver on a boat. You will probably never need it, but if you do, you will be very glad that it is there! How does title insurance work, and how does it protect you in the home buying process? A title search will be ordered before you buy a home, to make sure that the sellers legally own the property, and that no one else has a legal interest in the home. The title company will also check through the ownership records for any liens, easements or other encumbrances on the title. This search should turn up any transactions that may not appear on the public record, such as an unsound transfer that occurred many years ago. Title insurance protects you against future claims against your home. Your real estate agent can give you more specific information about the cost of title insurance and the types of coverage available in your area. See All Tips In The "Insurance" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What is the world's most valuable piece of furniture? A  The 18th century Italian Badmiton Cabinet owned by the Duke of Beaufort sold in 1990 at Christie's, London for $15.1 million dollars. See More Real Estate Trivia >

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