Rosemount Place Owners Association

Use This HOA Tax Break!


 
Don't overlook this easy to use tax break...
Did you know that some of the improvements your HOA made can also reduce your gain when you sell your home?
Some of those monthly dues to your HOA were spent improving your community as well as maintaining it. When you sell, it’s time to reap the financial benefits!
Follow These Steps:
  1. Find your percentage ownership in the HOA (Hint: look in your HOA Declaration. If you belong to a cooperative, you can find this number on your share certificate or proprietary lease.)
  2. Determine which improvements qualify (get an accounting from your HOA of improvements made while you were a homeowner and then use IRS Publication 523)
  3. Do some math: Multiply qualified HOA improvements by your ownership percentage and subtract that from your gain from selling. Read More… Taxable Gain = Gain – (Improvements X Ownership)
This tip contains general information. Individual financial situations are unique; please, consult your financial advisor or tax attorney before utilizing any of the information contained in this newsletter.
Posted by CarolSmythe on 02/07/2014
Last updated on 02/25/2014
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Tacoma, Washington 98465
Get ready...

The painters are coming! The painters are coming!

A lot of us are getting excited about the prospect of a new coat of pain on our home. Jenny Smith has brought around the most recent information about preping for the painters. Here is a reminder of what we've been asked to do...

Attention

Your home has been selected to be paainted this year. We want to inform you that we will begin the house cleaning next week beginning March 25th-29th.

Please make sure your windows are closed and your vehicles are aat least 8 feet away from the garage door to allow us ladder access. Please be sure to keep your gates unlocked and pets put away while wwe are working on your home.

We will be back to post notices again for the actual painting as we get closer to spring with warmer weather.

Thank you for your cooperation with this. Please call us if you have questions or concerns at 253.301.0109

Sincerly, ProEnd Painting

This notice includes all owner occupied homes except 7236, 7238, 7246 and 7248..

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