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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 215-646-2900 .
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Find Out About the Latest Homes for Sale First!
I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
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Jane M. Maslowski
is one of The Top Selling Real Estate Experts™
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For Home Buyers:
Why Buyers Choose Jane M. Maslowski - Why homebuyers looking for a real estate agent in the Lansdale, Harleysville and Blue Bell area choose Jane M. Maslowski. Latest Listings - Get Jane M. Maslowski's latest Lansdale, Harleysville and Blue Bell listings of homes for sale first! Find Your Perfect Home - Jane M. Maslowski will search for your ideal home and email you the newest Lansdale, Harleysville and Blue Bell MLS listings of properties in Montgomery County PA. First Time Homebuyers - Are you a first time homebuyer in Lansdale, Harleysville and Blue Bell, PA? Choose a top real estate agent. Jane M. Maslowski can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Lansdale, Harleysville and Blue Bell house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Lansdale, Harleysville and Blue Bell Homes, For Home Buyers, For Home Sellers, Lansdale, Harleysville and Blue Bell Information, Real Estate Resources, and About Jane M. Maslowski. 
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Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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| Q |
What recent hit movie features a field trip scene that supposedly takes place at Columbia University in New York?
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| A |
The scene in the movie "Spider-Man", where Peter Parker shoots photos of Mary Jane and is bitten by the spider, was actually filmed in the Museum of Natural History in Los Angeles, California. |
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