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Edmond, Deer Creek and Oklahoma City Information:

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School Reports in Edmond, Deer Creek and Oklahoma City, Oklahoma

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Tax Considerations >Capital Gains Exemptions

Home sellers are always interested in their tax deduction options. If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.

Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must prove that the job change occurred while you owned and used the home as your primary residence, and that your new job is located at least 50 miles farther from your residence than your previous place of employment.

A reduced exclusion from capital gains tax may also be granted for health reasons. If your motivation for selling your house was to obtain diagnosis, treatment or cure for a disease or injury to you or a family member, you can apply for an exclusion. Unforeseen circumstances such as death, unemployment, divorce or natural disasters may also reduce your capital gains tax. Consult a tax professional for advice about your unique circumstance.

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Q	What three things are necessary in order to purchase a home?
A	Some cash, a dependable income and good credit. If you fall short, don't despair--homeownership may still be possible.
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The Shepherd Team, REALTOR®, real estate agent and broker for Edmond, Deer Creek and Oklahoma City, Oklahoma home listings, property and land for sale - NUMBER1EXPERT(tm)

Steve Shepherd
Metro Brokers of Oklahoma
1512 Deason Drive
Edmond, OK 73013
Cell Phone: 405-590-3089
Fax: 405-330-6200
steve@teamshepherd.com
When you need a Realtor to help you find the perfect home to buy or help you sell your home for the most money in the least amount of time, Go No Further. Our goal is to help you achieve your real estate goals as if you were family. Give us a call, we are here to serve you.

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