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About Albuquerque, Rio Rancho and Corrales: Moving to
Albuquerque, Rio Rancho and Corrales, New Mexico? Get info here... |
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Albuquerque Hisotry: The History of Albuquerque, New Mexico |
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Corrales Histry: The History of Corrales, New Mexico |
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Rio Rancho Mistory: The History of Rio Rancho, New Mexico |
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School Reports: Reports for Albuquerque, Rio Rancho and Corrales schools kindergarten, elementary, and high schools |
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Fun Facts About Albuquerque: Fun Facts if you're relocating to
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Welcome to Albuquerque, New Mexico!  |  | | Home of the International Balloon Fiesta | |
For those of you not currently living in the Land of Enchantment, some of the information & photos may seem quite exotic...just one of the spoils in getting to live in this wonderful state! If you're in the state or in Albuquerque, lucky you! ;-) Go ahead & explore the information we have here...Albuquerque has so much to offer!
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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 |
Which U.S. hotel has more fountains than any other hotel in the world?
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| A |
The Bellagio Hotel in Las Vegas, Nevada has more than 1,000 fountains embellishing an 11+ acre artificial lake.
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