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Find out why I am a Top Real Estate Expert. Call me: Off:209-680-4033. Cell:209-337-8172
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El Dorado and Amador Counties have some of the best wines around. Take a trip to the wine country. Enjoy bed and breakfast inns and numerous wine tasting rooms.  | | Amador Wineries Amador Vintners Association | | | Fitzpatricks Bed and Breakfast offers a fantastic view of the Fairplay Winery region from the deck of their beautiful Log Lodge--stay for a while in one of their comfortable rooms--- Fitzpatrick Winery | | | Discover the Wine Country----a magazine filled with wine and fun information D'Vine Magazine | | | El Dorado County Wineries El Dorado Winery Association | | | The website of the Amador County Vintners -- twenty wineries from Amador County, heart of the historic Sierra foothill Gold Country. On this site, you'll find essential information about visiting Amador wine country, profiles of our member wineries, descriptions of Amador's leading grape varieties and wines, and up-to-date news about special events and other attractions. Amador Wine Country | | | The Calaveras Wine Country, located in California's Sierra foothills' gold country, produces some of the finest premium grapes and award-winning wines in the world. Calaveras Wine Association | | | Fairplay is one of the newest winery locations with many award winning wines and unique small wineries Discover Fair Play | | | The Sierra Nevada Gold Country offers some of the best wines available in California---this site will show you the way to an amazing tour of this spectacular region of foothill vineyards and wineries. Discover the wineries of the Gold Country | | | Looking for a place to stay while visiting Amador County? Here is a list of B&B's and lodging in the beautiful Sierra Foothills Bed and Breakfasts and Inns of Amador County | | | Visit Historical El Dorado County including Bed and Breakfast Inns and places of interest Bed and Breakfast Inns of El Dorado County | | | This is a virtual tour of the El Dorado Wine Country Virtual Tour of Wine Country | | | Visit El Dorado's Outstanding Wineries Complete List of El Dorado Wineries |
  
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Tax Considerations >Taxpayer Relief
Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate.
The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
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