Listing Details: Show Low and Navajo, Arizona Real Estate Listings & Homes For Sale Provided by Laurie McCain

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Torreon Real Estate Specialist

These properties presented by Laurie McCain of Sonoran Lifestyle Real Estate
Specializing in Resort and Second Home Properties

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Current Selection:	All Prices	All Types	All Locations	New Selection	Sorted By: Default	New Sort
<Back to Page			Property 7 of 22 Selections

Feature Property - Lot 149, Rendezvous 2, Torreon

$200,000

View of pond

Address: Lot 149 Rendezvous 2	City/ST: Show Low, AZ	Zip Code: 85901
Location: Show Low, Arizona in Torreon	Property Type: Land	New or Resale: Resale
Square Footage: 0	MLS# 84735

Last Updated: 8/28/2009 4:40:16 PM

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Tax Considerations >Tax Breaks

      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.

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Q	Where was the famous final airport scene in the 1942 classic "Casablanca" filmed?
A	The scene where Humphrey Bogart says goodbye to Ingrid Bergman was actually shot on the east side of the Van Nuys Airport.
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Laurie McCain, REALTOR�, real estate agent and broker for Show Low and Navajo, Arizona home listings, property and land for sale - NUMBER1EXPERT

Laurie McCain
Sonoran Lifestyle Real Estate
3350 W. Sugar Pine Way Suite 100
Show Low, AZ 85901
480-789-9565
Fax: 928-537-5301
lauriemccain@NUMBER1EXPERT.com

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