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All agents are NOT alike! Find out why we are a top real estate team. Call us:
615-377-1310
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"Homecaster Daily" Middle TN's #1 Home Finder Tool "Homecaster Daily" will send you, by email, all homes that fit your defined specifications, every day, with photos and driving directions. Find Out More > View All Offers >
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A Very Pleasant Experience Bill and Lucy took care of any problem that arose and tried to make selling our house a very pleasant experience. Tara and Sinclair Smith Read Quote > View All Quotes >
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Compare three mortgages at one
time. Download TripleCalc now. It's free.
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Lucy & Bill Rudolph are two
of The Web's Top Selling Real Estate Experts Find Out More > |
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Bill, Lucy and Lisa Will Personally Search For A Home That Matches Your Description! We have information on every property on the market in Middle Tennessee. We even receive information on houses not yet on the market. Through the MLS (Multiple Listings Service), and other agents in Middle Tennessee, we use your personal criteria and price and compare it with everything that's offered for sale. If a new listing fits, you'll know about it. If you give us some idea of what you are looking for, we will personally review all our sources of listing information and send you the details of all that matches your criteria. It's a totally free service, and there is no obligation. Call either of us at 615-377-1310. Or fill out this form, and we'll get right back to you! Please give us as many details as possible. 
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Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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| Q |
What is the mysterious American island whose private owners are intent on preserving the ways of early island life?
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| A |
The Robinson Family, owners of Niihau, Hawaii, have done everything in their power to preserve traditional ways. |
See More Real Estate Trivia > |
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