There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married
Tax Reform And Housing Reference Guide
When the tax code was originally being overhauled by the House and the Senate, there were three major proposals being considered that would have substantially impacted the residential real estate market:
Changing the requirements for the exclusion of gain on the sale of a principal residence
The reduction on the limit of the Mortgage Interest Deduction (MID)
The elimination of the State and Local Tax deduction (SALT) which includes property taxes
This Tax Reform & Housing Reference Guide can help you make sense of how the new tax code may affect your home sale or purchase or your mortgage activity in 2017.
Give us a call at 843-416-1967 to help dig in to your real estate questions before taking your receipts and statements to your accountant!
Greg is a seasoned agent having helped over 250 families sell their current homes and purchase the home of their futures. ....