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Looking for homes? Search everything the web has to offer, right here! Don't miss our Feature Homes. Need local real estate information? We've summarized much of what is important about the real estate market in Indianapolis, Carmel, Fishers, Westfield, Noblesville and Hamilton County. Need expert advice? In addition to an up-to-date web site, you need a top notch professional REALTOR®. As you search our web site, you can contact us directly for one-on-one expert help and advice from the #1 ReMax team in Indiana. Contact us with confidence! We guarantee your privacy will be respected. Use our services on this site free and without obligation. We want to be YOUR REALTOR®. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. Or together we will sell your home, for the best price possible in today's market as quickly as possible. Buying and selling a home is one of the biggest events in your life. You should have professional advice and assistance in the process. Our satisfied clients and our quality service has made us the #1 Real Estate Team with ReMax. We have the experience and knowledge of our local market that helps you! Please contact us for the advice and assistance you need. - Keith Albrecht  |
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 Information on this site deemed suitable but not guaranteed for Indianapolis, Carmel, Geist, Fishers, Marion County Real Estate & homes. MLS multiple listing Service data here is provided by outside real estate firms. This covers MLS residential or commercial homes in cities for real estate, such as in Indianapolis, Carmel, Geist, Fishers, Marion County MLS Data here Is useful to buy or sell MLS 1031 homes or other real estate homes, Condos, town homes in Indianapolis, Carmel homes for sale, Geist homes for sale, Fishers homes for sale, Marion County Indiana. MLS Transactions are from Indiana Realtors, agents, buyers, seller or sellers or real estate agents of Indianapolis, Carmel, Geist, Fishers, Marion County MLS homes of a Realtor® or other buyer or seller. Home data here helps people in IRC, 1031, property, property exchange dealing in MLS real estate and homes and real estate properties in Indianapolis, Carmel, Geist, Fishers, Marion County. Sale can be by Exchangors, exchangers, brokers In MLS real estate for IRC/1031 property exchange or selling a home or condo or town home real estate or condo real estate item. Data helps find MLS homes, condo or real estate town homes, MLS, or residential real estate other properties in Indianapolis, Carmel, Geist, Fishers, Marion County. Keith Albrecht serves these cities as a Realtor® and Broker Associate. He serves real estate clients looking for homes and condos and town homes and lots and property in Indianapolis, Carmel, Geist, Fishers, Marion County and nearby cities, supplying MLS and school Information. His real estate buyers and sellers in Indianapolis, Carmel, Geist, Fishers, Marion County are legion.  |
Tax Considerations >Tax Deductions
Here is a question which is often asked about real estate sales: which home loan fees are deductible for income tax purposes? It is good to know the answer to this question before you sign on the dotted line. It may influence which loan you will choose. Loan fees for certain services are not itemized on your fee statement, but are grouped together into a single category.
The most obvious deductible fee is the loan fee paid to acquire a mortgage for a principal residence. The IRS recently ruled that the buyer could deduct the fee in the first year, even if the seller paid it! Other deductions include pro-rated property taxes and mortgage interest. On these items, the buyer may only deduct their share.
Most of the other closing costs are not deductible, but you may add them to your home's adjusted cost basis when calculating appreciation. Among these costs are appraisal, attorney, and inspection fees, as well as title, recording and notary fees. Fire insurance fees are neither deductible nor do they figure into the cost basis. If you are not sure which fees are deductible, consult a professional tax advisor.
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| Q |
Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?
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| A |
Lender in these states must pay interest on funds held in escrow accounts. |
See More Real Estate Trivia > |
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