Download TripleCalc for FREE. It's My Gift to You. 

This is what TripleCalc will look like on your Windows PC. You can compare 3 loans, at one time -- and you don't have to be online. TripleCalc lets you get a leg up on complicated loan comparisons.

Includes 8 other calculations you can't do without:

• Simple Mortgages with P.I.T.I.
• Pre-qualifying mortgages
• Plus lease, investment, balloon payment and other calculators.
• Every calculator uses the super-convenient "compare three at once" format.
• It's FREE.

 Download TripleCalc Now!

Includes 9 sophisticated calculators. You'll use it again and again, on everthing from house payments to car loans and more.

 Download TripleCalc Now!

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.

	See All Tips In The "Tax Considerations" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

June Seebohm
Keller Williams Realty, Hilton Head Island, SC
8 Lafayette Place
Hilton Head Island, SC. 29926
843-290-2929
843-682-8111
Fax: 843-681-3342
Email: June@AlwaysJune.com

June offers you a degree of personalized service rarely found among Realtors. Through a unique combination of devotion, compassion and good, old-fashioned hard work June has established an excellent reputation among, not only her clients but her peers as well. June is originally from Northern Ireland and has moved many times in the UK and US so she understand very well the kind of stress involved in residential sales and purchase. It's often an intense time of transition for all involved. Also her personal knowledge of building new homes and renovating homes is invaluable. Her high-tech office and staff allow immediate response to phone calls, emails and faxes. She is always "on the other end" of her cell phone. Please call her any time.