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Ana Lucia is Extremely Knowledgeable She took the "problem" of selling the house right off of my shoulders. Lisa Bachman, Newton, New Jersey Read Quote > View All Quotes >
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Ana Lucia Porter is
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Ana Lucia
and Wayne Celebrating New Year's EveAna Lucia and her husand moved nine times - four times internationally - during the first seven years of marriage. With her 28 years of full time real estate service, her personal knowledge of Howard County and the Washington-Baltimore Corridor, and her empathetic approach to meeting her clients' real estate needs, Ana Lucia understands that buying or selling a home is more than just a business transaction. She also understand that no two real estate transactions are alike. Ana Lucia has lived in Howard County since 1977. Ana Lucia was born in Colombia, South America. She was raised in Cali, Colombia. Ana Lucia is a native Spanish speaker, and fluent in English. She is a naturalized American citizen. In addition to the United States and Colombia, Ana Lucia and her husband also lived two years in Nigeria and two years in Guatemala.
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Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
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| Q |
Where will you find the world's largest indoor waterfall?
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The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble. |
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Search for local listings in the comfort of
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