by Chris Pelkola Lee | Feb 8, 2018
Federal Tax Reform Tax reform in one year. It was hairy, but we pulled through. Now that it’s law, what did change and what stayed the same with regard to your home or real estate? What of tax reform and real estate? Exclusion of Gain on Sale of a Primary...
by Chris Pelkola Lee | Apr 3, 2012
As Realtors, we are advocates for home ownership, by definition. It’s in our pledge:”To protect the individual right of real estate ownershipand to widen the opportunity to enjoy it”Many of us contribute personal funds (not tax-deductible) to fund...
by Chris Pelkola Lee | Jan 3, 2011
Interesting reading from the Ada County Association of REALTORS®.Of the approximately 399,498 owner-occupied houses in Idaho in 2009, 278,102 or 70% had a mortgage.In 2008, 194,063 taxpayers in Idaho claimed a deduction for mortgage interest. The total amount deducted...
by Chris Pelkola Lee | Apr 28, 2010
ATTENTION ALL PROCRASTINATORS!If you are a potential tax credit Buyer, or know someone who is, here is your friendly tap-on-the-shoulder reminder: You must be have an accepted contract by this Friday, April 30th to qualify.If you have not yet completed your property...
by Chris Pelkola Lee | Mar 17, 2010
Homebuyers Deadline LoomsThere are only 6 weeks remaining for homebuyers who plan to take advantage of the Federal tax credits to identify their next home and successfully negotiate a contract!The extended 1st-Time Buyer Tax Credit and the expanded...
by Chris Pelkola Lee | Dec 1, 2009
Do you currently own your home? Have you been considering taking advantage of the lower pricing in the local market and “moving up” to a larger space? > IT IS TRUE: a larger home is less expensive today that it was 2 years ago. Have you owned your...