Westchester, Playa del Rey, Playa Vista and surrounding communities real estate and homes for sale in California, view properties, beach front properties - Bob Waldron, REALTOR® Bob Waldron REALTOR(r) for Westchester, Playa del Rey, Playa Vista and surrounding communities, California real estate, view properties, beach front properties - NUMBER1EXPERT™ Bob Waldron NUMBER1EXPERT(tm) for Westchester, Playa del Rey, Playa Vista and surrounding communities, California real estate, view properties, beach front properties

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Bob Waldron, REALTORŪ, real estate agent and broker for Westchester, Playa del Rey, Playa Vista and surrounding communities California home listings, property and land for sale - NUMBER1EXPERT(tm)

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Latest Listings: Westchester, Playa del Rey, Playa Vista and surrounding communities California home buying, real estate listings, and homes for sale in Los Angeles County, CA
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Real Estate Tips
Tax Considerations >Taxpayer Relief

Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate. The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.

Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.

Consult your tax advisor for advice regarding your particular circumstance.

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Real Estate Trivia
Q 
What land did the U.S. Government buy for $7.2 million?

A 
In March 1867, the US bought all of Russian America (Alaska) from Russia.
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Bob Waldron, REALTORŪ, real estate agent and broker for Westchester, Playa del Rey, Playa Vista and surrounding communities California home listings, property and land for sale - NUMBER1EXPERT(tm)

Bob Waldron
Coldwell Banker

5450 Lincoln Blvd
Los Angeles, CA 90094
Direct: 310-337-9225
Office: 310-305-4200 x122
Fax: 310-641-9460
Email: bob@bobwaldron.com

Bob Waldron, your real estate resource at Coldwell Banker, is a leading Realtor in the local communities with over 30 years experience. With his extensive knowledge, Bob can provide you with excellent market expertise and unsurpassed professional service.

Equal HousingMLSREALTOR


Coldwell Banker real estate and homes for sale in Westchester, Playa del Rey, Playa Vista and surrounding communities California

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