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Welcome! Here You Can Find Great Information on Washington DC, Montgomery County, Md (Chevy Chase, Bethesda, Potomac, Silver Spring), Northern Virginia (Arlington, Alexandria, Falls Church, McLean, Great Falls) Real Estate
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A 20 year veteran of the Washington DC real estate market, Barbara is a seasoned professional who is consistently a top producer and ranked among the top 1% of sales associates nationwide. As a lifetime resident of Washington DC, Barbara has been entrusted with making her beloved city home to hundreds of clients throughout her years of service to the community. Barbara possesses an intrinsic knowledge of the local market, is an experienced listing agent, buyer’s agent and truly a friend to all of her clients who, throughout the years continue to rely on her for their real estate needs. Keenly aware of the trends in Real Estate, Barbara has continued a tradition of providing the best service, advice and experience to an ever growing list of clients who benefit from their positive relationship with one of Washington’s most admired and respected real estate agents. Barbara’s affiliation with Sotheby’s International Realty has given her the global marketing that no other firm can offer in the Washington area. With hundreds of offices throughout the county and the world, top tier international marketing and an impressive client list stretching two decades, Barbara is an accomplished real estate professional with a reputation for the extraordinary.  |
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Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
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| Q |
Where is the world's largest wine cellar, and how big is it?
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| A |
A company in the center of the wine-growing district of South Africa has a cellar that covers an area of 54 acres and has a capacity of 27 million gallons. |
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