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| | Tax and Laws_Tax Advantage |
 | | If you are selling your primary residence and lived there at least 2years out of 5 years, your capital gain may be excluded from tax upto $250,000 for single and $500,000 for married couple. |
 | | Tax deductions on maintenance and depreciation of your home is not applied for primary residence. |
 | | The property for investing purpose can claim tax deductible on house depreciation, maintenance, advertising, utilities, insurance, property managing fees, repairs, improvements, etc. Of course, real estate taxes and mortgage interests are also tax deductible. |
| www.reitown.com /T_tax.htm (260 words) |
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