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| Creation Time | 1,698,524,176 |
| Page Id | 104,951,214,965,428 |
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| Version | 3 |
| Page Like Count | 250 |
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| Startdate | 1,702,886,400 |
| Created | 12/19/23, 5:24 PM |
| Modified | 7/15/25, 3:42 PM |
| Status | active |
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| Pageid | 104951214965428 |
| Pageinfo | |
| Pagename | Amanda Dallman Real Estate |
| Reachestimate | |
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| Ad Creative Id | 120200471750200774 |
| Byline | |
| Caption | |
| Cta Text | No button |
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| Effective Authorization Category | NONE |
| Display Format | image |
| Title | |
| Link Description | |
| Link Url | |
| Page Welcome Message | |
| Page Name | Amanda Dallman Real Estate |
| Page Profile Picture Url | https://scontent.fsac1-1.fna.fbcdn.net/v/t39.35426-6/395391776_820222646518643_3070339051491615074_n.jpg?stp=dst-jpg_s60x60&_nc_cat=101&ccb=1-7&_nc_sid=c53f8f&_nc_ohc=AuZ67ZhcWpoAX85NCcf&_nc_ht=scontent.fsac1-1.fna&oh=00_AfAh3IQW7Qo0tQsqSoPhJKQfIRIV46iwDtLhvWSMhuOL6A&oe=6587DF25 |
| Page Entity Type | person_profile |
| Instagram Actor Name | Amanda Dallman |
| Instagram Profile Pic Url | https://scontent.fsac1-1.fna.fbcdn.net/v/t39.35426-6/395395212_351274387353931_2797394648372092393_n.jpg?_nc_cat=100&ccb=1-7&_nc_sid=c53f8f&_nc_ohc=Ofs_yYCgAA4AX__1OsQ&_nc_ht=scontent.fsac1-1.fna&oh=00_AfBPL4dYrCq9nJq55qALRWKhsuMUWiS3quk9rTxhgaMuBw&oe=658673AB |
| Instagram Url | |
| Instagram Handle | |
| Body | Yes, Home Equity can be a bad thing. <br /> <br /> If you own a home, watching the equity grow over the years can be exciting. It feels like a little nest egg building. <br /> <br /> Years go by and you realize that the home you purchased when you were younger no longer fits your needs. <br /> <br /> You know it’s time to downsize. <br /> <br /> But here is what no one tells you about equity. If you have too much it will cost you a lot in taxes. <br /> <br /> It's called capital gains, and the IRS wants its share. <br /> <br /> They will give you a break, $250,000 for singles and $500,000 for married couples. You can also write off the cost of updates, (not repairs) and keep your receipts!<br /> <br /> Anything left over is income and you will be paying on it. <br /> <br /> Here is an example:<br /> <br /> House cost when purchased: $300,000<br /> House price when sold: - $1,000,000<br /> Total: = $700,000<br /> <br /> House upgrades - $100,000<br /> Single deductions - $250,000<br /> Total = 350,000<br /> <br /> Taxes on $350,000 in capital gains to IRS = $87,764.75<br /> That's right, almost $90K to the IRS. <br /> <br /> There is a way to avoid this. <br /> The solution sell sooner and spit the equity into 2 homes. <br /> That's right, buy the vacation home!<br /> Always make sure to talk with your CPA about this. Some may not know how to ask the question! <br /> <br /> Years go by and you realize that the home you purchased when you were younger no longer fits your needs. <br /> <br /> You know it’s time to downsize. <br /> <br /> But here is what no one tells you about equity. If you have too much it will cost you a lot in taxes. <br /> <br /> It's called capital gains, and the IRS wants its share. <br /> <br /> They will give you a break, $250,000 for singles and $500,000 for married couples. You can also write off the cost of updates, (not repairs) and keep your receipts!<br /> <br /> Anything left over is income and you will be paying on it. <br /> <br /> Here is an example:<br /> <br /> House cost when purchased: $300,000<br /> House price when sold: - $1,000,000<br /> Total: = $700,000<br /> <br /> House upgrades - $100,000<br /> Single deductions - $250,000<br /> Total = 350,000<br /> <br /> Taxes on $350,000 in capital gains to IRS = $87,764.75<br /> <br /> That's right, almost $90K to the IRS. <br /> <br /> There is a way to avoid this. |
| Branded Content | |
| Current Page Name | Amanda Dallman Real Estate |
| Disclaimer Label | |
| Page Profile Uri | https://facebook.com/AmandaDallmanRealEstate |
| Root Reshared Post | |
| Cta Type | NO_BUTTON |
| Additional Info | |
| Ec Certificates | |
| Country Iso Code | |
| Instagram Branded Content | |
| Statemediarunlabel |