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All agents are NOT alike! Find out why I am the top Realtor in Morris County. Call me: 973-335-4600.
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Read What People Are Saying About Me I always ask my clients to write or email me, and tell me truthfully how they appreciated my service to them. Their feedback is so important! Here are a few highlights of what people are saying about me...
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Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
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Jacqueline Scura
RE/MAX First Choice
1160 Rt. 46 West
Parsippany, NJ 07054
973-335-4600
Fax: 973-335-7836
Jackie@JackieScura.com
Jackie Scura Is The Broker Of Re/Max First Choice Realtors In Parsippany “I Love What I Do”, Says Jackie. “I Am 110% Committed To My Clients. Customer Service Comes First! Each And Every One Of My Clients Are Treated Like They Are My Only Client. They Know That I Am Available 24/7!”
Jackie Has Been Named Morris County’s # 1 Realtor By IMS Statistics Company. At Year’s End Of 2009 Jackie Was The #1 RE/MAX Realtor In The State Of New Jersey, #19 In The Nation & #37 In The World.
Don't Take A Chance With One Of The Most Important Decisions Of Your Life, Make Your First Choice Jackie, The Rest Will Be Easy!
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