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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 940-727-3035.
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Paula Loseke makes the Real Estate experience an enjoyable one.
Butch & Jackie Redish
Whitesboro, TX
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At HomesAndLandAgent.com, we specialize in Real Estate for sale on North Texas. Denton County Real Estate for sale, Grayson County Real Estate for sale and Cooke County Real Estate for sale. Everything from single family homes, commercial real estate, farm and ranch properties, homes on acreage, horse properties, cattle ranches, hunting ranches and vacant land real estate for sale.
Our areas of expertise are Whitesboro, Tioga, Gainesville, Aubrey, Pilot Point, Celina, Denton, Oak Point, Valley View, Argyle, Sanger real estate and surrounding areas.
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Welcome to Texas! Here at HomesAndLandAgent.com You Can Find Great Information on Homes in Denton, Grayson, Cooke Counties and surrounding areas.
Need Expert Advice? We have been serving Gainesville, Whitesboro, Aubrey and surrounding areas since 1994 and we know the history of the properties and the future plans for the area.
You will find we have a wide variety of single family homes available from starter homes to luxury homes and farms and ranches. This site was designed with the customer in mind. We offer a one stop real estate experience with great information on Texas real estate, homes and land listings, our market areas, school reports, so please take advantage of all the tools offered to you. We love spending time with our horses at Green Valley Ranch in Aubrey and we can find you a beautiful property that meets your exact needs in Whitesboro, Tioga, Gainesville, Aubrey, Pilot Point, Celina, Denton, Oak Point, Valley View, Argyle, Sanger real estate and surrounding areas. Thank you for visiting our site, we feel that our customers are our priority and hopefully you will choose us to represent you and your needs. Our mission statement is to serve the community, develop people, have fun, achieve profits and strive to give Quality Service to each and every client. So please email me at texomaranches@hotmail.com with any questions or concerns, and rest assure that your Privacy is Guaranteed. - Paula Loseke  |
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Tax Considerations >Tax Deductions
Here is a question which is often asked about real estate sales: which home loan fees are deductible for income tax purposes? It is good to know the answer to this question before you sign on the dotted line. It may influence which loan you will choose. Loan fees for certain services are not itemized on your fee statement, but are grouped together into a single category.
The most obvious deductible fee is the loan fee paid to acquire a mortgage for a principal residence. The IRS recently ruled that the buyer could deduct the fee in the first year, even if the seller paid it! Other deductions include pro-rated property taxes and mortgage interest. On these items, the buyer may only deduct their share.
Most of the other closing costs are not deductible, but you may add them to your home's adjusted cost basis when calculating appreciation. Among these costs are appraisal, attorney, and inspection fees, as well as title, recording and notary fees. Fire insurance fees are neither deductible nor do they figure into the cost basis. If you are not sure which fees are deductible, consult a professional tax advisor.
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| Q |
1992 marked the first year since before the Civil War that there were fewer than 2 million ________ in the United States?
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| A |
There are fewer than 2 million farms, and agricultural land is still being carved up for residential and commercial uses. |
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