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<Back to Page			Property 142 of 152 Selections

Golf Course home

$319,900 Great home

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Address: 126 Doral Drive	City/ST: Jerome, ID	Zip Code: 83338
Location: Jerome	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 2280	Bedrooms: 3	Bathrooms: 2
MLS# 98408600	Property Tax: 1576.44

Golf course home on #18 at Jerome Country Club with views of the Snake River Canyon. Custom built by owner/builder. Lots of amenities including Granite counters & Knotty Oak cabinets in kitchen, covered patio, rock propane fireplace. Golf course membership & golf cart available.

Last Updated: 9/8/2009 5:15:14 PM

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Tax Considerations >Beneficial Tax Laws

American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.

Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.

Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.

Consult your tax advisor for advice regarding your particular circumstance.

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Q	What took over 30,000 workmen to construct and is considered the second largest palace in the world?
A	The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
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Gem State Realty, REALTOR�, real estate agent and broker for Twin Falls, Jerome and Boise, Idaho home listings, property and land for sale - NUMBER1EXPERT

Gem State Realty
1445 Addison Ave. E
Twin Falls, ID 83301
208-734-0400
Fax: 208-733-6112
GemStateRealty@NUMBER1EXPERT.com

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