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When you buy or sell a home there are both long term and short term tax consequences. For most, this is a good thing. For example, the one time costs of buying and selling- commissions, transfer taxes, escrow fees, et al, are deductible for most people in the year of the transaction. (you should, of course, consult your own tax professional. I am many things, chilluns, but I am not a tax guru!)
What does the IRS want to see as documentation for these expenses? The HUD statement that was mailed to you sometime after the close of escrow. Now, if you closed escrow on your home in December, no sweat. But what of the people who closed escrow in January or February? That bit of paper could be anywhere by now! This week my Staff (some might call them my Minders) sent each of my 2009 buyers and sellers a copy of their HUD 1 statement. It is one more way we can be of service.
If you need a copy of your HUD 1 in order to file taxes there a couple things you can do.
Contact your escrow officer. They must keep copies of all their documentation.
Contact your Realtor- they also keep copies of your file, however, they might need to order the file from their corporations storage facility
Why have I been so busy? Well, here is the first reason… 800 South! This is a charming traditional home with something very rare in Northwest Glendale… a double wide driveway leading to a lovely 2 car garage. But, the house is no slouch either! It enjoys 3 bedrooms, 2 full baths- including an on-suite bath, recessed lights, manicured yard, copper pipe and central heat and air. I will hold it open on Sunday, February 7 from 1-4pm. For complete information, please go to www.800south.com
Yes, I know that is Superbowl Sunday.
Yes, I will have the TV tuned to the pregame festivities.
No, I don’t mind if you or your hubby pays more attention to the game than the house.
I know I've been very quiet this week, Chilluns. Momma's been very busy- what with talking to eager sellers and negotiating many offers and getting out to visit the peeps and all. Yes, mighty busy with my Real Estate doings.
Today, however, I got to blow off some steam with my ritual Saturday Morning hike. We are so lucky to have spectacular hiking moments from the front door.
If you have not tried the Beaudry Trail, I highly reccomend it! The recent storms have rendered everything in the most brilliant shades of green and the "waterfall" is running cheerfully. The summit has views, on one side, of the entire La Crescenta valley and, on the other side, Glendale, Burbank and the San Fernando Valley. Breath taking.
To get to Beaudry Trail, take Canada north to Country Club and then to Beaudry terrace. The trail head is where the debris basin meets the road. If the homes all of sudden transform from 1940's character homes to 1970's split levels you've gone too far. (yes, I am always the Realtor). All the guides on the interwebs label this as a moderate hike. Um, I guess so- but some of the steep sections (and there are quite a few) are short but killer. The entire loop took us 2.5 hrs with a lot of time dallying at the top for pictures.
Now that the holidays are over and you’ve integrated all the new electronic wizzy-wigs into your life, you no doubt have last years wizzy-wigs cluttering up your Glendale Home space. What to do?
E-waste is a popular, informal name for electronic products nearing the end of their “useful life.” Computers, televisions, VCRs, stereos, copiers, and fax machines are common electronic products. Many of these products can be reused, refurbished, or recycled. Unfortunately, electronic discards is one of the fastest growing segments of our nation’s waste stream.
The LA Citywide Children’s Christian Choir is sponsoring an e-waste program at Glendale Presbyterian Church. Here are the details:
February 27, 2010
10 AM- 3 PM
Glendale Presbyterian Church Parking Lot
125 S. Louise
Bring any and all electronic equipment working or not.
I am pleased to tell you that I am holding my new listing at 210 E. Angeleno open this Sunday. This luxury building was developed and built with the powerful (and rich) executive in mind.
And then, the real estate market fell.
This luxury ground floor condo enjoys a patio and private entrance from the street. Dining, theaters and shopping in hip and happenin' Downtown Burbank are literally around the corner. The bright and open floor plan includes a great room, high ceilings and 2 generous bedrooms. Upgrades include Merbau Hardwood floors, Zodiak stone counters and stainless steel appliances.
At $359,000 this is priced to sell, and is a tremendous value.
Kendyl Young
