About the Lake Nona, Florida Area 

      Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
      Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
      Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
     

	See All Tips In The "Tax Considerations" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Ivey Geisler and Kitty Mark
Keller Williams at the Parks
444 North Mills Avenue
Orlando, FL 32803
407-491-6857
Fax: 407-650-3131
realteam@NUMBER1EXPERT.com

The Real Team specializes in Buyers and Sellers in Central Florida. They have over 20 plus combined years of experience in Real Estate in the Orlando area. Whether you are interested in Luxury Homes, Golf-Front Property, Lakefront Property, Foreclosures or Short Sales, Ivey & Kitty can assist you with your needs. They pride themselves in knowing the market and staying up to date with the education that will enable them to properly educate and advise their clients in this ever changing market. If you are relocating to the Central Florida area, they will be able to assist you with schools, neighborhoods, businesses, and any other questions you might have about the area. They also stay in touch with numerous business people in the area that can answer the questions they cannot. Whether you are looking to move to a larger home or a smaller home, they can sell your existing home and assist you with finding a new home. Their marketing efforts will help to get your property sold in a short period of time. They have exposure on numerous web sites that attract international buyers, as well as local and out of the area buyers. Thru the proper technology, they are able to immediately respond to inquiries about listings, which will help to get your property sold.

www.OrlandosRealTeam.com is brought to you by The Real Team
NUMBER1EXPERT™ in real estate for Orlando, Windermere and Lake Nona, Florida

Read The Real Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge