Linda's Credentials: REALTOR ™, ABR ®, Accredited Relocation Counselor, CRS, GRI, Hall of Fame, 100% Club
It's been stated that buying or selling a home is one of the most stressful experiences we ever encounter - but doesn't need to be. I have systems to meet your real estate needs. As a Louisiana REALTOR ™, I specialize in "taking the stress out of the move." My clients stay informed every step of the way. Servicing the following areas: Baton Rouge, Denham Springs, Prairieville, Livingston & Ascension Parishes.
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SEARCH:Search
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HERO:
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your home qualify for
HERO?
(Home Energy Rebate Option)
MOVING:
MaketheMove.com,
transfers your utilities, cable, etc. in one step - all you have to do
is Click Below.
IRS Clarifies Special Capital Gains Rule For Sale Of Home The IRS has released Revenue Ruling 2001-57, which clarifies the application of special capital gains rules to the sale of a principal residence. In 1997, when numerous capital gains changes were enacted, one rule in the bill provided a special 18% capital gains rate to become effective in 2001. Under this rule, assets (including a principal residence) acquired after 2000 could qualify for an 18% capital gains rate (rather than 20%) if they were held for 5 years or more. Assets acquired before 2001 are subject to a special election that extends the 18% rate to assets acquired before 2001. That election, however, requires payment of capital gains built into the asset as of 1/1/2001, even though the asset is not sold. Some tax advisors have urged owners of homes with significant amounts of unrealized gains to take advantage of the special election. The advisors believed that the homeowner could make the election, pay no tax on any gain of less than $250,000/$500,000, receive a stepped up basis, continue to hold the home and then later sell it and receive a second $250,000/$500,000 exclusion. The Revenue Ruling disallows this transaction. The $250,000/$500,000 exclusion is available only once per residence. For more information, contact your accountant. source: Louisiana REALTORS® eNews Digest 12/10/2001 Issue 40
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Linda
has other sites on the internet that may help you in your home search.
Please visit them to find helpful information about Linda Fredericks and
about the Baton Rouge real estate market.
Louisiana
Living Network | Realtor.com
| HouseHunt
| BatonRouge.RealEstate.com
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