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Sandy Blanton of Team Sandy Blanton is Pensacola's #1 Realtor. Find out why! Call (850) 479-SOLD (7653).
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Request Our Free Relocation Package. Don't Move To Pensacola, Gulf Breeze and Milton Without It!  Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate to and from the Pensacola, Gulf Breeze and Milton, Florida area. If you will be moving to the Pensacola, Gulf Breeze and Milton area, we can correspond by email and phone. Together, we'll determine what type of home, price range, and neighborhoods you are interested in. We'll send you every home or property that is currently available that matches your criteria. When you visit, we'll be ready! We will visit the Pensacola, Gulf Breeze and Milton neighborhoods and homes that interest you the most. In addition, we can talk about schools, sub-divisions, local market conditions, local culture... anything that is important to you. Remember: As top Pensacola, Gulf Breeze and Milton real estate agents, it's our job to know this area inside and out, and we want to make your transition as smooth as possible. To get started, fill out the form to request our FREE Pensacola, Gulf Breeze and Milton, Florida Relocation Package. We'll send it right out. It's full of useful and important information about this area. You are under no obligation, so you can't go wrong... Are you new to the area? Request our FREE package of Pensacola, Gulf Breeze and Milton relocation information. It's our job to help! There's no obligation, and we promise to respond quickly...
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 |
What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?
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Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty. |
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