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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 is the world's longest spiral staircase?
A	The White County Coal Mine in Carmi, Illinois has a spiral staircase that measures 1,103 feet and has 1,520 steps.
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Barbara Zuckerman, REALTOR®, real estate agent and broker for Washington D.C., NW Washington D.C., Chevy Chase, MD District of Columbia home listings, property and land for sale - NUMBER1EXPERT(tm)

Barbara Zuckerman
TTR Sotheby's International Realty
5454 Wisconsin Avenue
Chevy Chase, Md. 20815
Mobile/Direct: 202-997-5977
Office: 301-967-3344
Fax: 301-664-9425
Primary: BarbaraZDC@aol.com
Secondary: bzuckerman@ttrsir.com
As one of America's NUMBER1EXPERTS™ in the Washington D.C. area, including Montgomery County, Maryland and Northern Virginia, Barbara is in the Top 1% of all real estate agents in the US. She will get you results! Barbara is well equipped to guide you through all your real estate needs. Please do not hesitate to contact her for more information

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