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Welcome!
Here You Can Find Great Information on the Mississippi Gulf Coast including cities of Bay St. Louis, Biloxi, Gautier, Gulfport, Long Beach, Ocean Springs, Pass Christian and Waveland. HIGHEST INDIVIDUAL SALES VOLUME; TOP PRODUCER AWARD FOR 2007 TOP PRODUCER OF RESIDENTIAL SALES ON ENTIRE MISSISSIPPI GULF COAST FOR 2006 Welcome to your one-stop source for real estate services covering the Biloxi, Gulfport, Ocean Springs, Long Beach, Pass Christian, Bay St. Louis and Waveland areas. Real estate is one of the most exciting investments you can make and it should be a fun and rewarding experience. Here you can find everything you'll need to buy or sell a home, as well as learn about the market value of homes you may own in the area. It is my goal to provide you with superior service at all times. - Nancy Stone Bourgeois
Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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Where is the world's oldest pyramid?
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The oldest pyramid is the Third Pyramid of Mycerinus is at El Gizeh, Egypt; it has the largest single block weighing 320 tons. |
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Nancy Stone Bourgeois
Keller Williams Realty
243 Beauvoir Road, Suite A
Biloxi, MS 39531
228-216-2333
Fax: 866-661-9266
nancybourgeois@NUMBER1EXPERT.com
"My mission is to make your buying or selling of real estate a pleasurable experience." As a top producer for ten years, Nancy maintains the highest level of professionalism. She has over 17 years of marketing experience, complemented by her honesty, integrity and high energy. Nancy is extremely knowledgeable about trends and lifestyles on the Mississippi Gulf Coast, where she was born and raised. She is a skilled negotiator, knows the area and is second to none in finding homes to match your needs. Nancy's excellence and vision in Real Estate can bring you Results!   
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