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New Listing - Under Construction

$284,000

Photo of 622 Bitter Pecan, Bossier City, LA, 71111.

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Address: 622 Bitter Pecan	City/ST: Bossier City, LA	Zip Code: 71111
Location: Cypress Bend	Property Type: Single Family Home	New or Resale: New
Square Footage: 2232	Bedrooms: 4	Bathrooms: 3
MLS# n123202

Great new construction by Monarch Builders. Granite, stainless, open plan, 4th br/game room & bath upstairs, walk in attic. CUSTOMIZE NOW!!

Last Updated: 7/16/2010 1:18:43 PM

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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 area was designed to look like a 1940s southeastern town with traditional architecture?
A	Disney's "Celebration" in Orlando, FL, will eventually have 8,000 houses and many commercial tourist attractions.
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Patricia Keith, REALTOR�, real estate agent and broker for Bossier City, Shreveport and Haughton, Louisiana home listings, property and land for sale - NUMBER1EXPERT

Patricia Keith
Coldwell Banker J. Wesley Dowling & Assoc
2146 Airline Dr. Suite 100
Boissier City, LA 71111
318-393-0655
Fax: 318-742-3017
pat@patkeith.com

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