Plano, North Dallas and Frisco real estate and homes for sale in Texas - Joetta and Paul Guta, REALTORS® Joetta and Paul Guta REALTORS(r) for Plano, North Dallas and Frisco, Texas real estate - NUMBER1EXPERTS™ Joetta and Paul Guta NUMBER1EXPERTS(tm) for Plano, North Dallas and Frisco, Texas real estate
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Real Estate Tips
Tax Considerations >Capital Gains Exemptions

Home sellers are always interested in their tax deduction options. If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.

Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must prove that the job change occurred while you owned and used the home as your primary residence, and that your new job is located at least 50 miles farther from your residence than your previous place of employment.

A reduced exclusion from capital gains tax may also be granted for health reasons. If your motivation for selling your house was to obtain diagnosis, treatment or cure for a disease or injury to you or a family member, you can apply for an exclusion. Unforeseen circumstances such as death, unemployment, divorce or natural disasters may also reduce your capital gains tax. Consult a tax professional for advice about your unique circumstance.

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Real Estate Trivia
Q 
What land did the U.S. Government buy for $7.2 million?

A 
The U.S. bought all of Russian America (Alaska) from the Russian Czar in March 1867.
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Joetta and Paul Guta, REALTOR®, real estate agents and broker for Plano, North Dallas and Frisco Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Joetta and Paul Guta
Prudential Texas Properties

2440 Preston Road
Plano, TX. 75093
Phone: 214-520-4444
Toll Free: 800-218-2993
Fax: 972-733-5117
Email: joettaguta@NUMBER1EXPERT.com

“The Team that Does Make a Difference” 26 Successful Years in Real Estate. Ranked in top 1% of Realtors in North America. Professional experts in assessing and creating solutions for each unique situation.

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