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]]>The condo sleeps five, has over $50,000 in furnishings including your very own hot tub on your balcony overlooking the water, and its available December 12-19, Dec 19-26, or Dec 26- January 2. Our normal rates for this time of year are $2,189 + tax per week, however, we have a special last minute deal where if you reserve the condo before the end of this week, you can save $500 off the rate, bringing the total to only $1,689.00 + tax. We also have a larger condo that sleeps six that is available for $3,269
Reply to this email with which week you would like, and we will let you know if it’s available……or call us at 813 785 3293 - and check out our web site at www.captainmorgansbeachresort.com
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he Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider. Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit. Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street. ]]>
