East End Second Home Tax Info

October 27th, 2009 category: Real Estate News

On the east end of Long Island (North fork, Hamptons) a good percentage of homes are second homes.

Because some sellers are weighing out the benefit of continuing to rent, vs. selling, we thought we’d put up a link that defines second home sales tax ramifications for those weighing out options.

If you’re thinking of selling your second home on the East end of Long Island (Hamptons, North fork), it’s worth a look.

We are not dispensing tax advice; please consult your accountant for clarification on all scenarios.

http://www.bankrate.com/finance/debt/new-tax-rules-could-cost-second-homeowners-1.aspx

For those looking to buy a second home for future retirement, we hope that the above article sheds some light on ever changing tax rules!

If you are looking for a home for sale on the North Fork / East End of Long Island, please fill out the form below.

To search available homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, Orient Point, Westhampton Beach, Hampton Bays, Flanders, Southampton, Sag Harbor, East Hampton, Montauk, NY.

This entry was posted on Tuesday, October 27th, 2009 at 8:40 pm and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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