Claremont, Upland, and Rancho Cucamonga real estate and homes for sale in California - Karen Angona, REALTOR® Karen Angona REALTOR(r) for Claremont, Upland, and Rancho Cucamonga, California real estate - NUMBER1EXPERT™ Karen Angona NUMBER1EXPERT(tm) for Claremont, Upland, and Rancho Cucamonga, California real estate
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Karen Angona, REALTOR®, real estate agent and broker for Claremont, Upland, and Rancho Cucamonga California home listings, property and land for sale - NUMBER1EXPERT(tm)
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    Our once quaint community is being re-built along with the rest of South Mississippi. Come be a part of the new South Mississippi. Don't miss out on the now low prices.
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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 famous writer's home is Rowan Oak?
A 
Rowan Oak in Oxford, Mississippi, was the home of William Faulkner from 1930 until his death in 1962.
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Karen Angona, REALTOR®, real estate agent and broker for Claremont, Upland, and Rancho Cucamonga California home listings, property and land for sale - NUMBER1EXPERT(tm)

Karen Angona
Century 21/Prestige Properties
255 W. Foothill Blvd. Suite 100
Upland, CA 91786
Direct Line: 909-920-4625
Cell: 909-732-3910
Fax: 909-982-8610
Email: karen@karenangona.com

Karen Angona is a top-producing associate-broker with Century 21/Prestige Properties. If you choose Karen, you will have the advantage of a sales person with 25 years real estate experience in the Inland Empire as well as individualized, quality service. Karen stays informed with the technological and real estate market changes. She loves the Foothill Communities area that is nestled at the base of Mount Baldy and The San Bernardino National Forest. Karen has a unique combination of experience and enthusiasm, which she shares with her clients. Her motto is "Call Karen and Start Packing. License#0401984

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