Austin, West Lake Hills, Cedar park, and Round Rock Texas real estate listings, home buying, selling and relocation information

A real Estate company in Austin/ central Texas ready to assist home Buyers, Sellers and Real Estate Investors, muti-family, duplex or 4plex.

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"We appreciate all your work to get us here."Michelle & Ryan
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Tax Considerations >Tax Rewards for Homeowners

The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.

Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.

The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.

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Q	Where is the world's largest mud building?
A	The Grand Mosque in west Africa measures 328 feet long and 131 feet wide, and has been carefully maintained for centuries by local craftsmen, especially during the rainy season.
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Nancy & the goldin Team, REALTORŽ, real estate agents and broker for South St. Louis County, West St. Louis County and South St. Louis City Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

Lisa Goldin Properties a GCM Holdings INC. company
When Making the Right Real Estate Decision Matters
401 Congress Avenue #1540, Austin TX, 78701
North/Central Office Location:
8500 Bluffstone Suite B 102 , Austin, TX, 78759
Office Phone: 512-347-8744
Fax: 866-703-6572
Cell: 512-632-5128
Toll-Free: 877-892-2987
Email: homes@lisagoldin.com
Lisa Goldin Properties, GCM Holdings Inc., REALTORŽ, "When it's about making the right real estate decision." The Lisa Goldin Team has the experience and proven negotiating skill to put power behind your Real Estate Transaction. Call today for positively GOLDIN results in all market conditions. Lisa Goldin, Broker/Director, GRI, ABR, Austin native with over 20 years experience. Lisa and her team are leaders in the real estate industry with over 170 million in home sales 2006 & 2009. Lisa Goldin Team represents the best interest of their clients throughout Austin/Central Texas, Westlake, Cedar Park, Round Rock, Dripping springs, and surrounding areas. Specializing in home buyer representation, home seller representation, new construction, custom homes negotiations, and investment property sales. For all your Real Estate needs call the real estate team that cares about your real estate future. 512-347-8744

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NUMBER1EXPERT™ for Cedar Park real estate, Round Rock real estate and Austin real estate in Travis County, Texas, TX, New Construction, Luxury Homes. Lisa Goldin

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