Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As top Chesterfield, Ballwin and St. Louis area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
Tax Considerations >Tax Deductions
Here is a question which is often asked about real estate sales: which home loan fees are deductible for income tax purposes? It is good to know the answer to this question before you sign on the dotted line. It may influence which loan you will choose. Loan fees for certain services are not itemized on your fee statement, but are grouped together into a single category.
The most obvious deductible fee is the loan fee paid to acquire a mortgage for a principal residence. The IRS recently ruled that the buyer could deduct the fee in the first year, even if the seller paid it! Other deductions include pro-rated property taxes and mortgage interest. On these items, the buyer may only deduct their share.
Most of the other closing costs are not deductible, but you may add them to your home's adjusted cost basis when calculating appreciation. Among these costs are appraisal, attorney, and inspection fees, as well as title, recording and notary fees. Fire insurance fees are neither deductible nor do they figure into the cost basis. If you are not sure which fees are deductible, consult a professional tax advisor.
|
| Q |
What island in the St. Lawrence River was given away on a television game show in 1964?
|
| A |
Price is Right Island was given away by Bill Cullen on "The Price is Right." |
 See More Real Estate Trivia > |
|
|
Paula Exarhou
The Paula Exarhou Team
14930 Clayton Rd,
Chesterfield, MO 63017
636-227-0076
Fax: 636-537-3993
Paula@PaulaExarhouTeam.com
"The Knowledge to Guide You...The Experience to Move You." Paula Exarhou has earned numerous accolades and awards for her real estate accomplishments. Paula's extensive market knowledge, expertise, work ethic, superior marketing skills and a love for helping others has earned her several #1 Agent designations and outstanding service awards. One of Paula's clients had this to say about her:
"You are an expert at what you do, you are honest and selfless. You helped me more than anyone ever has in my life. THANK YOU! THANK YOU!"
Paula would love to work with you and make your real estate experience a pleasant, effortless success. You can place your trust and confidence in one of the nation's top real estate professionals.    
 
www.PaulaExarhouTeam.com is brought to you by
The Paula Exarhou Team
Best Image Agent(s)™ in real estate for
Chesterfield, Ballwin and St. Louis, Missouri Read The Paula Exarhou Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
