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School Reports in Moultrie, Cairo and Thomasville, Georgia

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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	What famous example of post-colonial architecture is modeled after the palace of the Duke of Leinster in Ireland?
A	The White House in Washington, D.C., begun in 1792 and burned by the British in 1814, was rebuilt in 1818 and restored in 1951.
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Julie Bryan, REALTOR®, real estate agents and broker for Moultrie, Cairo and Thomasville Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

Julie Bryan
RE/MAX of Thomasville
401 E. Jackson Street
Thomasville, GA 31792
Each Office Independently Owned & Operated
Tel: 229-226-3911
Email: JulieBryan@NUMBER1EXPERT.com
The Julie Bryan Team is confident that they can offer you the best real estate service in South Georgia. We proudly serve the Thomasville, Thomas County, Grady County and Colquitt County areas. Whether you are looking for relocation services, acreage, historic homes, farms, retirement areas, re-sale or new construction, our team is there to meet your every need.

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