I'm Susan Ballard from Havasu Realty here in awesome Lake Havasu! Five years ago my husband and I rented a boat from Fun Time Boat Rentals. To make a long story short, we fell in love with the lake and its beauty. We bought the established boat business from our friends and moved here! A crystal blue lake, incredible mountain views, and pure sunshine! What a paradise! I have been a full-time Realtor/Broker for 17 years in Salem, Oregon. Now I live here in Lake Havasu full-time and would really like the opportunity to be your Realtor, and assist you in satisfying your real estate needs. My main objective is to make your buying of a property a positive experience. Everyone has different needs and I will create a process that is best for YOUR needs. Such as...
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Tax Considerations >Taxpayer Relief
Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate.
The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
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Which islands are considered the largest islands in the US?
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The Hawaiian Islands with 10,456 square miles are followed by Kodiak Island in Alaska at 9,510 square miles. |
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| Buy or Sell a home with Susan Ballard and
recieve a $250.00 gift certificate to Walmart or Safeway. Offer expires
11-01-10. Call Susan for Details. |
Susan Ballard is one of The Top
Selling Real Estate Experts™
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