Category Archives: Real Estate Planning

What Are the Tax Issues Associated With a Gain or Loss on a Primary Residence?

By admin | Published: September 20, 2011
You may be able to exclude from income any gain up to $250,000 for a single taxpayer and $500,000 for a joint return. To exclude the gain, you must have owned and lived in the property as your main home for two of the five years prior to the date of the sale. If you [...]
Also posted in Financial Planning, Retirement Issues, Tax Topics | Comments closed

Foreclosed Homes – Does It Make Good Investment Sense?

By admin | Published: July 16, 2010
The national mortgage delinquency rate grew to 9.2 percent in May, up 2.3 percent from a month earlier and 7.9 percent from a year earlier, according to the latest report from mortgage performance data and analytics provider Lender Processing Services. RealtyTrac, a leading online market for foreclosure properties, believes that current foreclosure prevention programs and [...]
Also posted in Affluent Families, Investment Topics | Comments closed