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Real Estate Tips
Self Employed >Moving And Taxes

Even with the changes in tax laws over recent years, you may be able to deduct some of the expenses of a move that is the result of a change in your job.

You will probably be able to deduct the costs of your move if your new work location means more than an additional 50-mile commute, if you move within a year of taking the job at the new location, and if you work full-time for at least 39 weeks (the total is 78 weeks if you are self-employed). You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a move.

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Real Estate Trivia
Q 
Which house over 100 years old still holds the title as the largest house in the U.S.?

A 
The 250-room Biltmore House in Asheville, NC, built 1890-1895 at a cost of $4.4 million, is the largest house in the US.
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Nancy Clayton, REALTOR®, real estate agents and broker for Falmouth, Mashpee and Bourne Massachusetts home listings, property and land for sale - NUMBER1EXPERT(tm)

Nancy Clayton, CRS, ABR, CBR, SRES, e-PRO, RECS
RE/MAX Classic

205 Worcester Court
Falmouth, MA, 02540
508-548-6667
877-80 REMAX
Fax: 508-540-6832
nancyclayton@NUMBER1EXPERT.com

Whether looking for retirement or leisure properties in the Cape Cod area, Nancy Clayton is your neighborhood expert. Nancy offers you over 20 years of experience and enthusiasm in real estate. She is dedicated and educated to represent you in all of your real estate needs. Representing you and not houses is her specialty.

CRS ABR CBR SRES ePro wcr MLS Equal Housing REALTOR


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