The huge gains in property value most homeowners have seen over the last couple of years is making homeowners considering cashing out that gain by selling their home. There are several factors to consider when making this decision. The most obvious consideration is where to move to. People think about where to live, how much […]
Vacation home rentals & your taxes
7 Reasons to Sell Before 2020
Reduce Your Taxes up to $2500 for Wildfire Mitigation
Wildfire mitigation pays off, in more ways than you know. Not only does wildfire mitigation help save your property when it’s threatened by wildfire but you can also reduce your taxes up to $2500 for some or all of the amount you spend. Now that’s a good deal! According to the Colorado Department of Revenue, […]
Avoid Taxes on Your Real Estate Sales
Donate Outdoor Items for Kids
It’s hard to have a bad day when you’re hiking or skiing or having a picnic in the park. Nature has a way of releasing tensions and refreshing me. A lot of kids in the Denver Metro area don’t get to experience that for a variety of reasons. Shiloh House, a non-profit organization in Littleton, takes […]
Renting Your Vacation Home
Home Tax Deductions – Are You Missing Out?
Owning a home can pay off at tax time. Take advantage of these home tax deductions and strategies to lower your tax bill: Mortgage Interest Deduction One of the neatest home tax deductions itemizing homeowners can take advantage of is the mortgage interest deduction, which you claim on Schedule A. To get the mortgage interest deduction, your mortgage […]
Not Living in Colorado will Cost you 2% More
The state of Colorado charges non-residents 2% of the sale price when they sell their vacation home or investment property. Believe it or not, it’s not a penalty for those unlucky people that don’t live in Colorado, it’s actually an incentive for them to file a Colorado tax return. If you are a non-resident you […]
Frisco Land That Can Never be Developed; a Rarity!
Last week I was talking with a friend of mine about a parcel of land called the Giberson Preserve. It is one of Frisco’s last truly beautiful parcels of privately held land still in its original state. The Continental Divide Land Trust (CDLT) holds a conservation easement on it so that it can never be developed. When I told my friend that […]