|
All agents are NOT alike! Find out why Mary Hurlburt is a Top Real Estate Expert. Call Toll Free: 1-800-944-0472
|

Get Free Presentation On My Home Marketing. Before signing a contract with any Realtor, make sure you know EXACTLY how your home will be Marketed. Find Out More > View All Offers >
|
Mary Hurlburt is one of The Top
Selling Real Estate Experts Find Out More > |
|
|
 |
Welcome to Weber, Davis, Salt Lake, Morgan, Tremonton, and Summit Counties!  Weber & Davis Counties are privileged to offer essentially unlimited recreational opportunities to you. Rivers, trails, pathways and parks, and wonderful recreational facilities in the Ice Sheet, Bountiful Bubble, Layton Surf & Swim, Golden Spike Events Center, North Fork Park and Weber Memorial camping area are just a few ideas for places to start enjoying life in our community. Providing an easy drive to Olympic alpine splendor and downhill ski resorts, Layton excels in recreational amenities. The community's unique location also provides spectacular sunset views of the Great Salt Lake and Antelope Island to the west. Just 20 minutes from Salt Lake City and 7 minutes from Ogden, Layton nevertheless claims a number of prime attractions such as Heritage Museum, Centennial Amphitheater, the New American Symphony, university extensions, a sports park, golf courses, and a year round, ocean wave pool that's called Layton Surf & Swim. Offering its residents the panoramic beauty of the Wasatch Mountain backdrop, the City of Ogden is known for its combination of urban amenities and recreational delights. Ogden is not only the seat of government for Weber County, it serves as a bustling center for businesses, commerce, education, healthcare, entertainment, and cultural attractions. In fact, Ogden is second only to Salt Lake City as Utah's most prominent metropolitan center. The federal government selected Ogden as the location for one of its regional offices for the Internal Revenue Service, a decision influenced by the centralized location to other western states. Ogden is also home to the beautiful campus of Weber State University. A short drive up the canyon to the Olympic World Class resorts of Snow Basin and Powder Mountain. Bountiful offers a pleasing variety of quality housing, from handsome older homes along tree-shaded lanes to upscale estates that enjoy a breathtaking view of sunsets over the Great Salt Lake. The close proximity of national parks, alpine resorts and desert expanses combine with exceptional recreational facilities and programs for year-round outdoor activity and enjoyment. Park City in Summit County offers the finest World class Olympic Ski Resorts in the World. Deer Valley, Park City Mountain Resort, The Canyon Resort, and Utah Olympic Park. Enjoy the Sundance Film Festival and all of the fabulous restaurants in this beautiful mountain resort community. Request my Free Relocation Package. It's packed full of useful and important information about the Layton, Bountiful, Ogden, and all of the cities in Weber, Davis, Salt Lake, Morgan, Tremonton and Summit County Utah areas. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out... 
 |
First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
|
 |
| Q |
What city boasts eight of the world's ten biggest hotels?
|
| A |
Las Vegas has eight of the largest resort hotels; the latest and most extravagant is the $2.7 billion, 2,716-room Wynn Las Vegas. |
See More Real Estate Trivia > |
|
|
|
|