David Carroll, aka “dc”, has served Middle Tennessee as one of the Top professionals in the real estate field since 1987!
David holds several Professional Designations including: GRI, CRS, CSP, SRES, and is a Certified (1031) Exchange Agent. His lifetime membership in the Awards of Excellence program speaks to his commitment to customer service. David gives back to his community and industry by serving on many boards and has served as president and or an officer for most.
David and his dedicated team focus on Residential and New Home Brokerage and additionally provide superior service for Commercial, Land, Development and consulting needs of their customers and clients. As Owner/Broker of Weichert, REALTORS - Carroll & Company, dc and the dc Sells Team promise you,“Service you can count on!”
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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 |
Which famous skilled mason laid the cornerstone of the Capitol Building in Washington, D.C. in 1793?
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| A |
George Washington, the first President of the United States. |
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- NUMBER1EXPERT™ 
