Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Baumgartner Team, a proven Fort Wayne, New Haven, Roanoke and Columbia City, Indiana NUMBER1EXPERT™ Top Selling real estate agent. Find Fort Wayne, New Haven, Roanoke and Columbia City Homes - Find Fort Wayne, New Haven, Roanoke and Columbia City, Indiana real estate listings & homes for sale provided by Baumgartner Team, your local expert real estate agent. For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from Baumgartner Team, a proven Fort Wayne, New Haven, Roanoke and Columbia City, Indiana NUMBER1EXPERT™ Top Selling real estate agent. For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Baumgartner Team, a proven Fort Wayne, New Haven, Roanoke and Columbia City, Indiana NUMBER1EXPERT™ Top Selling real estate agent. Fort Wayne, New Haven, Roanoke and Columbia City Information - Find local information on Fort Wayne, New Haven, Roanoke and Columbia City, Indiana including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Baumgartner Team, a proven NUMBER1EXPERT™ Top Selling real estate agent. Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Baumgartner Team, a proven Fort Wayne, New Haven, Roanoke and Columbia City, Indiana NUMBER1EXPERT™ Top Selling real estate agent. About Baumgartner Team - Information about Baumgartner Team including testimonials, guarantees, credentials, and contact information. Learn why Baumgartner Team is a proven Fort Wayne, New Haven, Roanoke and Columbia City, Indiana NUMBER1EXPERT™ Top Selling real estate agent. 
Tax Considerations >Tax Rewards for Homeowners
The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.
Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.
The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.
|
| Q |
How can you give your home the equivalent of sunglasses?
|
| A |
Install low "E" squared glass filters sunlight, saves on energy costs and prevents fading of furniture, drapes and carpets. |
 See More Real Estate Trivia > |
|
|
Baumgartner and Weir Team
Century 21 Bradley Realty Inc.
6718 East State Blvd.
Fort Wayne, IN 46815
Office: 260-486-6800
Judy's Cell: 260-403-1523
Clay's Cell: 260-433-7616
Toll-Free: 877-436-6800
Fax: 260-486-6000
BaumgartnerWeir@NUMBER1EXPERT.com
You Are #1 With Us!
The Baumgartner & Weir Team have pooled our strengths in real estate and office management to create a synergistic team with a full-time licensed media coordinator, Tammy McCoy, and a full-time licensed closing coordinator, Christi Roach.
The entire team has built upon the values of hard work, responsiveness, dedication and perseverance. We strive to handle all aspects of a client's home sale or purchase, leaving clients to focus on other important aspects of their relocation. We also embrace change and make it part of our ongoing strategy for growth.
We strive to be the best at what we do, now and in the future, we will continue to enjoy change, adapt to it and maintain client satisfaction.     
www.we-r-realestate.com is brought to you by
Baumgartner Team
NUMBER1EXPERT™ in real estate for
Fort Wayne, New Haven, Roanoke and Columbia City, Indiana Read Baumgartner Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
