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Real Estate Tips
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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Real Estate Trivia
Q 
What building has the largest windows in the world?

A 
The Palace of Industry and Technology in Paris, France has three matching windows, each 715 feet high and 164 feet wide and comprised of multiple panes of glass.
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Klaus Breitsameter, REALTOR®, real estate agent and broker for Germantown, Frederick and Gaithersburg Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Klaus Breitsameter
RE/MAX Realty Group

6 Montgomery Village Avenue Suite 200
Gaithersburg, MD. 20879
Phone: 301-921-2681
Email: klausb@md-dreamhomes.com

Klaus Breitsameter is a full-time, licensed real estate professional with RE/MAX serving clients in Maryland, the District of Columbia, and Northern Virginia. No other local agent comes even close to personally making 30,000 cold contacts each year. Klaus canvasses area neighborhoods by knocking on hundreds of doors each day announcing his listings, prospecting for buyers.


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