Mandeville, Covington, Madisonville and Abita Springs real estate and homes for sale in Louisiana, Single Family Homes - Lanie Roberts, REALTOR® REALTORŪ Logo
Mandeville, Covington, Madisonville and Abita Springs real estate listings, home buying, selling and homes for sale in Louisiana - NUMBER1EXPERT(tm)
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Lanie Roberts

These properties presented by Lanie Roberts of Real Estate Resource Group, LLC
Whether buying or selling a home I will work to make your transaction a smooth successful endeavor.

Email: lanieroberts@BestImageAgent.com
Phone: 985-801-4513
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Type:   Single Family Home
Bedrooms:   4
Bathrooms:   4
MLS#:   883447
Listing Agent and Office:  Lanie Roberts, Real Estate Resource Group LLC
Beautiful Home in Belle Foret S/D on oversized lot - Ponchatoula, LA
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Type:   Single Family Home
Bedrooms:   3
Bathrooms:   2
MLS#:   888055
Listing Agent and Office:  Lanie Roberts, Real Estate Resource Group LLC
NEW PRICE! NEAR NEW HWY 1088 EXIT OFF OF I-12. ZONED COMMERCIAL.
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Type:   Land
MLS#:   855108
Listing Agent and Office:  Lanie Roberts, Real Estate Resource Group LLC
PRIME PARCEL AVAILABLE FOR COMMERCIAL DEVELOPMENT FRONTING HWY 21 IN MADISONVILLE.
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Type:   Land
MLS#:   855102
Listing Agent and Office:  Lanie Roberts, Real Estate Resource Group LLC
PRIME PARCEL WITH COMMERCIAL DEVELOPMENT FRONTING HWY 1077 IN MADISONVILLE
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Real Estate Tips
Tax Considerations >Your Tax Free Profits

Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.

With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.

You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.

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Real Estate Trivia
Q 
What are the characteristics of classic Queen Anne architecture?

A 
Queen Anne homes are the most elaborate, romantic and feminine of all Victorian Homes.
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Lanie Roberts, REALTORŪ, real estate agent and broker for Mandeville, Covington, Madisonville and Abita Springs, Louisiana home listings, property and land for sale

Lanie Roberts
Real Estate Resource Group LLC

90 Louis Prima Dr.
Covington, LA 70433
Cell: 985-502-7070
Office: 985-801-4513
Fax: 504-617-6653
lanieroberts@BestImageAgent.com


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