Princeton Town Topics – Let’s Talk Real Estate – January 20, 2010
WHEN IT’S A BUSINESS MOVE
If you are relocating to another city for a new job, get professional advice from a Realtor and a tax expert.
Your Realtor will work to market your current home, refer you to a top real estate professional in your new city and provide the names of good long-distance movers, so you can get competitive quotes from reliable firms.
Your tax advisor will tell you exactly what moving expenses you can deduct on your income tax filing. Publication 521 from the Internal Revenue Service (available on the Internet) can provide you with basic information regarding moving expense allowances. Your tax advisor will also clarify for you the capital gains implications associated with the sale of your property, which could have an impact on what you can afford to spend on your new home.
With the right information, and assisted by the right people, you will find that a business move can be orderly, simple and even enjoyable!
