FINANCIAL SERVICES WINDERMERE: SELLING OR DOWNSIZING

After years in a lakefront home, you may be thinking about downsizing, moving closer to family or keeping the Windermere house as a rental. Each choice can have financial and tax consequences that are worth looking at in advance.

Questions to consider

• Will all or part of your gain be taxable?
• How would rental income affect your tax return?
• Could the sale proceeds change your retirement income plan?
• What records do you need to support your costs and improvements?

How a tax firm can help

We can help you gather your records, estimate the possible tax effects and think through your options. Then you can make your decision with a clearer picture, and with your real estate and legal advisers in the loop.

Call for an appointment. Fajardo & Associates serves Windermere from our office at 7380 W. Sand Lake Road, Suite 500, Orlando. Call 407-720-7220 or send us a message to set a time.