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.

Relocation >Buying Out Of State People who are moving to another state are usually concerned about how they will be able to monitor the purchase or sale of a home across state lines. Your local real estate agent can assist you in the process of buying or selling property out-of-state. The National Association of Realtors is a nation-wide network of real estate sales professionals, similar to the local Association of Realtors. Almost every real estate professional is who is a member of the local association is also a member of the national organization. This professional affiliation among real estate agents all across the country works to your advantage when you buy or sell out-of-state property. Your local real estate agent can contact an agency in the area where you want to buy or sell. When the relationship with the out-of-state real estate agent is established, your agent can coordinate arrangements by selecting houses for your consideration and helping you to strike a deal when you have made a selection. Having a local sales professional to help you work out any problems that may arise is a real plus. See All Tips In The "Relocation" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  Which house over 100 years old still holds the title as the largest house in the U.S.? A  The 250-room Biltmore House in Asheville, NC, built 1890-1895 at a cost of $4.4 million, is the largest house in the US. See More Real Estate Trivia >

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