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Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Mark and Theresa Thoburn, proven Mission Viejo, Irvine and Laguna Niguel, California NUMBER1EXPERT™ Top Selling real estate agents.
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School Reports in Mission Viejo, Irvine and Laguna Niguel, California

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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 is the largest home in Hollywood?
A	The largest home in Hollywood is currently "The Manor" at 36,500 square feet, built by T.V. producer Aaron Spelling for $37 million.
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Mark and Theresa Thoburn, REALTOR®, real estate agents and broker for Mission Viejo, Irvine and Laguna Niguel, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Mark and Theresa Thoburn
Keller Williams Realty
27101 Puerte Real, Suite 150
Mission Viejo, CA. 92691
Phone: 949-378-7222
Fax: 949-282-0099
Email: MarkThoburn@cox.net

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