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Why Buyers Choose Kurt Congdon - Why homebuyers looking for a real estate agent in the Nevada City, Grass Valley and Penn Valley area choose Kurt Congdon. Latest Listings - Get Kurt Congdon's latest Nevada City, Grass Valley and Penn Valley listings of homes for sale first! Find Your Perfect Home - Kurt Congdon will search for your ideal home and email you the newest Nevada City, Grass Valley and Penn Valley MLS listings of properties in Nevada County CA. First Time Homebuyers - Are you a first time homebuyer in Nevada City, Grass Valley and Penn Valley, CA? Choose a top real estate agent. Kurt Congdon can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Nevada City, Grass Valley and Penn Valley house or other real estate or property. Hot Property Alert - Click For More Information... Buyer Bonus - Click For More Information... Go to Main Sitemap - Main sitemap sections include Find Nevada City, Grass Valley and Penn Valley Homes, For Home Buyers, For Home Sellers, Nevada City, Grass Valley and Penn Valley Information, Real Estate Resources, and About Kurt Congdon. 
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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 is the world's oldest wooden structure?
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| A |
The oldest wooden buildings are the Pagoda, Chumanar Gate and Temple of Horyu in Nara, Japan, dating from A.D. 670.
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Kurt Congdon
Coldwell Banker Grass Roots Realty
855 Sutton Way
Grass Valley, CA 95945
Toll Free: 800-471-4570
Office: 530-273-0073
Fax: 530-687-0309
Email: kurt@gv.net
DISCOVER YOUR DREAMS in Nevada City real estate or Grass Valley real estate.
Kurt will guide you through the process of understanding the purchasing of rural property such as Penn Valley land, Nevada City Acres & Grass Valley homes. His love and enthusiasm for Nevada City and Grass Valley are genuine. With over 10 years experience, and honors in the top 5% of all agents nationwide...Kurt will provide both exceptional personal service and HI-TECH communications.
The Nevada County area offers extraordinary natural beauty, rare communities, arts, entertainment, and the highest quality of living. Let Kurt help you DISCOVER YOUR DREAMS in the Sierra Nevada Gold Country towns of Grass Valley, Nevada City and Penn Valley.
DRE License #'s Kurt Congdon - 01076146, Jason Moore - 01391772, Ruth Poulter - 01267839, Cindy Argento - 01747092  
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