Real estate tip: Praise the pro-homeowner government

The Taxpayer Relief Act of 1997 allows homeowners to keep much more of their profits when they eventually sell. Other key components allow a first-time buyer to use Individual Retirement Account funds to pay for a home. The act also reduced the taxes levied on the sale of stock and other investments, created tax-advantaged savings programs to pay for college expenses, and provided more options for retirement savings.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.