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As a lifelong resident of St. Louis, Missouri and a world traveler, I've come to appreciate all that St. Louis and Missouri has to offer it's residents. Besides the fact that you can eat out at a new restaurant every day of the year and still not cover them all, we have hills and valleys and lakes and rivers and streams and parks galore!! We have culture in our Art Museum, world-renowned Missouri Botanical Garden, the St. Louis Symphony Orchestra, the Opera Theatre of St. Louis and much more! Sports Fans will be able to enjoy Rams Football, Cardinals Baseball, Blues Hockey, SLU Billiken Basketball as well as Mizzou Tigers Football with the country's most dedicated fans! There's plenty of live theatre at The Fabulous Fox Theatre, The Repertory Theater or at the outdoor Municipal Opera (The Muny) during the summers Forest Park, site of the 1904 World's Fair. Restored Forest Park is one of the nation's largest urban parks and is home to our world famous ZOO (which is FREE). Whether you are looking for a golf course community, high rise living in Clayton, a loft Downtown, a suburban subdivision in Wildwood with community pool, sprawling older ranches in Ladue on an acre, new construction in established neighborhoods of Brentwood, Historic homes in Webster Groves, or an 80 year old bungalow in the City walking distance to local eateries, we can help you find it! I look forward to showing off our town to you -- there's a lot to love here! It is truly like living in a big SMALL town at times!  |
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Move Your World For FREE, 24/7!!
Compliments of Sandie Hea and The HEA Team.
An entire household, or just gardening supplies, Scout Troop
supplies, church events, charitable organizations...no obligation...Really!!
Sponsored by Investors Title, Prestige Home Mortgage, Two Blind Guys, Rhymes
Heating and Cooling, First Horizon Home Loans, Prestige Home
Warranty.
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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.
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| Q |
During what months of the year do most people move from one home to another?
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| A |
Most moves occur between the months of May and September. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
