Listing Details: Reno, Sparks and Fernley, Nevada Real Estate Listings & Homes For Sale Provided by Hartman Gil & Assoc.

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New Listing - BEAUTIFUL HARDWOOD FLOORING

$219,900

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Address: 5056 E LAKERIDE TERRACE	City/ST: RENO, NV	Zip Code: 89509
Location: SW RENO	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1604	Bedrooms: 2	Bathrooms: 2
MLS# 90009658	Property Tax: 2278.00

This is a must see in a sought after neighborhood. Pride in ownership very evident. The home has a new 25 year shake roof with skylights in the kitchen, master bedroom, hallway and guest bathroom. Ceiling fans and parade lighting throughout. Hardwood flooring in dining room, living room and hallway. The back patio has a grassy area for your pet. Your buyer will be impressed.

Last Updated: 9/16/2009 4:52:25 PM

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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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Q	What was considered the world's tallest building one hundred years ago?
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Hartman Gil & Assoc., REALTOR�, real estate agent and broker for Reno, Sparks and Fernley, Nevada home listings, property and land for sale - NUMBER1EXPERT

Hartman Gil & Assoc.
Century 21 Miner Realty
4990 South Virginia St.
Reno, NV 89502
Linda Hartman Cell: 775.771.4400
Kristen A. Gil Cell: 775.762.7653
Fax: 775.824.3621
Office: 775.824.3600
LindaHartman@NUMBER1EXPERT.com
Linda Hartman and Kristen Gil are top Century 21 agents with over 30 years experience in the business. They are entrenched in Bank Owned Foreclosures, Shortsales and Loan Modifications. Investors will also find them extremely knowledgeable about all types of investment properties and 1031 exchanges. Hartman Gil & Assoc. pride themselves on being a team of agents dedicated to providing award winning customer service. They really care about their clients and it shows!!

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