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Welcome! Here You Can Find Great Information on Las Vegas, Green Valley and Summerlin, Nevada Real Estate ... Covering and serving all areas of the Greater Las Vegas valley including such popular areas as Summerlin, Peccole Ranch, Queensridge, Red Rock Country Club, Desert Shores, The Lakes, Painted Desert, Green Valley, Green Valley Ranch, MacDonald Ranch, Roma Hills, Seven Hills, Anthem, Anthem Highlands, Silverado Ranch, Southern Highlands, Rhodes Ranch, Centennial Hills, Elkhorn, Spring Mountain Ranch, Sunrise Mountain, Eldorado, Camino Del Norte, Mt. Charleston, Turnberry Place, Park Towers, Lake Las Vegas, All High-Rise Condo's & Townhomes. Looking for a getaway??? Ask me about my Mt. Charleston properties. From cabins to luxurious log home estates only 35 minutes from the Northwest Las Vegas Valley. Enjoy alpine elevations...over 7,000 feet, temperatures up to 20+ degrees cooler in the summer and a snowy playground in the winter Las Vegas Home Builders & Developers ALLWEST HOMES LLC AMERICAN PREMIERE AMERICAN WEST AMLAND AMLAND/BSR GROUP AMSTAR APT/CV ASTORIA AVANTE BEAZER BLUE HERON BRAMBLE BRUCE LANGSTON CELEBRATE CENTEX CENTEX DESTINATION PROPERTIES CHRISTOPHER CITYMARK DEVELOPMENT CONCORDIA CONDOSLV.COM CURVE DEVELOPMENT CUSTOM CUSTOM LOT D R HORTON DEL AMERICAN DEL WEBB DESERT COVE DESERT WIND DISTINCTIVE DOWNTOWN DEVELOPMENT GROUP LLC EDDIE HADDAD EHB ENGLE FIFIELD COMPANIES GRAND CANYON LLC IL PICCO LLC INNOVATIVE INSPIRATION KB HOME KIMBALL HILL LENNAR LOFT 5 LLC LOFTS LVMB MALOOF MARCUS RESORTS MERITAGE/PERMA-BILT NATIONAL HERITAGE NEVADA HOMES GROUP NORTHWEST RESOURCE PACIFIC SOUTHWEST PAGEANTRY PALM BEACH RESORTS PARDEE PARKLINE PROPERTIES PEBBLE CREEK LLC PERFORMANCE MARKETING PETER MORTON PINNACLE PULTE R/S DEVELOPMENT RED VISTA RELATED COMPANIES RHODES RICHMOND AMERICAN RIMINI HOMES RITTOFF AND CHERRY ROD YANKE SAHARA CONDOMINIUMS SANDHURST DEVELOPMENT SASSON HALLIER DEVELOPMENT SIGNATURE SOUTHWEST HOMES SPINNAKER STERLING S STORYBOOK SUNSET CLIFFS LLC TEMPLE TOLL BROTHERS TRUMP TURNBERRY TURNEY DEVELOPMENT U S HOME WARMINGTON WESTMARK WILLIAM LYON WOODSIDE  |
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Looking for homes? Search everything the web has to offer, right here! Don't miss my Feature Homes. Need local real estate information? I've summarized much of what is important about the Las Vegas, Green Valley and Summerlin real estate market in this site. Need expert advice? No web site, large or small, can take the place of a top real estate agent. Not even mine! This site is filled with ways that you can contact me for one-on-one expert help and advice. That's my job. Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. Why? I want to be YOUR real estate agent. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As a top Las Vegas, Green Valley and Summerlin real estate agent, I have the experience and track record you are looking for. Please let me help. - Frank Gargano  |
p.s. Please come again by visiting the Frank Gargano Family Of Homes Websites including www.LasVegasHomeMove.com www.LVHomes4u.com www.NewHomesLV.com www.BuildersCloseouts.com in order to search and find Clark County, Nevada homes and houses. If it is newer or older residential real estate for sale in Las Vegas, Green Valley, and Henderson in Clark County you can be sure we have what you are looking for. Be assured that a Frank Gargano, a Top local expert real estate agent/Realtor in Las Vegas and surrounding cities in NV will respond to your request for information for buying or selling homes and other real estate. Whether buying or selling, luxury mansions or bank repo's and foreclosure properties with lake, golf course, mountain or City lights views or no view, land, lots, or any other real estate needs or assistance, Las Vegas real estate agents will provide you with information to search, find and buy, purchase your dream home for sale, house for sale, real estate for sale in Las Vegas, Summerlin, Green Valley, Henderson, North & South, Southern Highlands, Centennial Hills, North Las Vegas, Aliante, Anthem, Sunrise Mountain. If you are thinking of buying or selling your home, just fill out the FREE REAL ESTATE INFORMATION REQUEST FORM or CALL TOLL FREE. Then Frank Gargano, a top real estate agent, will provide you with any available real estate information or assistance with your home. All contents on this and related web sites are provided by Frank Gargano, the home and property specialists, specializing in Las Vegas real estate.  |
Tax Considerations >Beneficial Tax Laws
American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.
Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.
Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.
Consult your tax advisor for advice regarding your particular circumstance.
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