"Professional and Personable"
and get to know your needs. The emotional support and professional guidance was priceless. I feel I owe my happiness with the results of purchasing the home I have to Erin's knowledge, guidance, integrity and professional skills. If you are looking for someone to really represent you with great customer service, professional real estate knowledge and to reduce the stress of relocation or just moving across town, I would highly recommend Erin Romanski for the job. I am very glad and appreciative I had Erin to represent me. Thank you, Erin!"
Kimberli Youngblood
You have a story to tell about us. You've worked with us, and we've helped you buy or sell a home. We need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell us how we did... 
 |
Tax Considerations >Tax Implications of Selling Your House Most of my clients profit from selling their homes, and they often have questions about capital gains tax.
When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010.
Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption.
Consult your tax accountant for more detailed information regarding your particular circumstance.
|
|
| Q |
Which home is considered the ultimate in California craftsman-style architecture?
|
| A |
Located in Pasadena, the Gamble House, built in 1908 by Charles and Henry Greene, is a National Historic Home open to visitors.
|
 See More Real Estate Trivia > |
|
|
The Romanski Group
Keller Williams Realty
22 Executive Drive
Lafayette, IN 47905
Direct: 765-532-6148
Fax: 765-588-4841
Email: erin@romanskigroup.com
“We not only want to meet your expectations, we want to exceed them.” When we agree to work together, we pledge to you a superior level of service that is prompt, efficient and courteous! We want our clients to enjoy their real estate transactions and refer to us as their Realtors for life!
Erin Romanski is a licensed Realtor in the State of Indiana.
   
www.RomanskiGroup.com is brought to you by
Erin Romanski and the Romanski Group
NUMBER1EXPERTS™ in real estate for
Lafayette, West Lafayette and Purdue University, Indiana, Lake Homes and New Construction Read Erin Romanski and the Romanksi Group's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERTS™ 
