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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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Q	Where was the famous final airport scene in the 1942 classic "Casablanca" filmed?
A	The scene where Humphrey Bogart says goodbye to Ingrid Bergman was actually shot on the east side of the Van Nuys Airport.
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Julian Hardaker, REALTOR®, real estate agent and broker for Glenwood Springs, Carbondale and New Castle Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

Julian Hardaker
The Best Way Home Real Estate
3722 CR 115
Gldnwood Springs, CO 81601
Tel: 970 309 5169
Fax: 888-478-0471
Email: jhardaker@NUMBER1EXPERT.com
Julian's energy, integrity and genuine concern for his client’s best interests have quickly helped him to become one of our area's top producing young Realtors. His varied community and sporting endeavors bring him together with the diverse sections of our community. Along with the traditional personal approach to Real Estate, Julian leverages the power of the internet to give his clients an additional edge. In August, 2008 Julian was elected by his peers to serve as a Director on the Glenwood Springs Board of Realtors. He lives in Glenwood Springs with his wife Deborah,their baby Kate, their dog, and two cats. Part time Aspen Ski Instructor, avid golfer (graduate of the University of St.Andrews in Scotland) and fluent in Spanish and French, Julian brings a broad skill set to the table.

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NUMBER1EXPERT™ in real estate for Glenwood Springs, Carbondale and New Castle, Colorado, Golf Communities and Hablo Español, Spanish Speaking

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