|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: (936)524-0009.
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
|
|
|
About Pat Wilson:
About Pat Wilson - Information about Pat Wilson of Lake Conroe, Conroe and The Woodlands, Texas Pat Wilson's Professional Resume - Pat Wilson's Lake Conroe, Conroe and The Woodlands real estate career in home buying & selling in Texas. Testimonials - Read what Pat Wilson's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more Texas home buying & property selling information is guaranteed by Pat Wilson. Privacy Guarantee - This Lake Conroe, Conroe and The Woodlands real estate web site will respect your privacy, guaranteed by Pat Wilson. No Obligation Guarantee - Pat Wilson's real estate help by email is free & without obligation for Lake Conroe, Conroe and The Woodlands home owners in Texas. For Real Estate Agents - Let Pat Wilson help you with your professional real estate broker and agent needs in the Lake Conroe, Conroe and The Woodlands area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact Pat Wilson. Go to Main Sitemap - Main sitemap sections include Find Lake Conroe, Conroe and The Woodlands Homes, For Home Buyers, For Home Sellers, Lake Conroe, Conroe and The Woodlands Information, Real Estate Resources, and About Pat Wilson. 
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
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.
|
|
| Q |
What land did the U.S. Government buy for $7.2 million?
|
| A |
In March 1867, the US bought all of Russian America (Alaska) from Russia. |
 See More Real Estate Trivia > |
|
|
Pat Wilson, CRS
Keller Williams Conroe - Lake Conroe
2200 N. Fm 3083 W.
Conroe, TX 77304
Direct: 936-524-0009
Office: 936-525-3200
Private Line: 936-521-7524
Fax: 936-441-8001
Email: PatWilson@NUMBER1EXPERT.com
Pat Wilson, CRS is the NUMBER1EXPERT™ in the Lake Conroe area. She has a proven track record that few agents can match! She brings Knowledge, Commitment, and Trust that surpasses the normal Realtor. Pat Wilson is a professional that has your best interest in mind.   
www.PatWilsonSellsLakeConroe.com is brought to you by
Pat Wilson
NUMBER1EXPERT™ in real estate for
Lake Conroe, Conroe and The Woodlands, Texas Read Pat Wilson's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
