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Show F2 Aa vertising Supplement to The Sail Lake Tribune The Salt Lake Tribune, Sunday, November 10, 1996 ()&A:: At a lossover p passive-income C-INCOME | LOSSES invest eeeres roughto gencrate passive I t id Question ‘ rinershiy hat apart \ t k pr diff 1 hick not be offset against c neome Can you t recoup our losses? Im ay lo i we need 4 passive-income gen t { ty f ij th pt i ar $30,000 can right I hing vein $30,000 or activities, limited partnerships of tyy and any other business ac which you do not materi vities in aly participate doesn't mean Before be used to elimi neome earned from investing in passive activilie Passive activities include rushing rent- out to buy @ tax savings equals house at a loss. of the have a loss ond reside vided. that seems unlikely Lo ple, gain from selling the previous savings are $10,600 “adjusted basis t-purchased home in order to on the ale of the be« its resale price must than its adjusted ba have been | sis. From the information YOU prGe j because of the many improvements made to it Can weclaim the loss against a Limited partnerships that gener ale passive income, with low risk alled the h Question; We recently sold a $30,000 times your marginal tax rate. If that rate is 36 percent, for exam the tax ferred by building or huying anoth gies for generating passive income able income-generating limited partnership. consider that your po tential tax wale tax on $30.000 of passive in ome. which is defined by the IR enerated we | hope this iying another limited partnership Answer; Your passive losses of ney by forfeiting profit t cor nf htt and personal residence whichis de er personal residence lowers what gains of $3,000 a year? If so, the investment could cost $40,000 to $45,000 Before deciding. consult a tax ac countant and explore other strate vom the sale of 4 person al residence are not tax deductible nor may they be added to the cost of the next home They are not re coverable Gains howe ver, remain house we owned” Answer; Gain on the sale of a taxable unless deferred or exempt “Home of the Free Appraisal” sdomNe TILL MARCH 1997!" on loans over $100,000 secured by Madison Mon: (Madison Mortgage will provide appraiser up 10 $300 per appraisal) While many large homes are springing up in the foothills, Springville is best known for its tree-lined streets and charming homes. Springville We Help All Credit Situations 2/1 Buy Bowns / come Property / 2nd Morigage/ ARM's Rentals Debt Consolidation 30 year na eM) 801-278-5151 ssi cre or 800-800- 1902 outside A €% 5645 South Waterbury Way 6 9-100 Salt Lake City, Sait Lake Utat 2 —— Integrity and trust for over. “ UnionPak 674000 Salt Lake 467-9000 OPEN HOUSES ih tell i ta ae ome ae S St Eccette Orem 225-1500 ps Draper 571-7878 Farmington451-4500 oo om Ogden 479-7979 | St. George 673-8282 Price 637-6559 Tooele 862-2100 Logan 752.0111 Eden 745-8800 Cedar City 667-8262 a we Donald's Charities was kind enough lo match the $25 000 contribution dollar for dollar. Sueh generosity helps ensure the continued success of the museum Art has been @ tradition in since 1904." ato! a . ie oo james? pial Oe De promo wing wow 6 (702) 227-8082 te “ ae a Redocation 5674300 Convene 5674500 woe ehe ao: wan fe that are either listed or under con tract in springville” said Naney Wolfle of the Utah County A S08 The median price tion of Kealtors is $140 200 and the average pra eis $171,548 One hun on those hom said Gray People in Springville really about the arts. People at all le dred and one homes have sold in ea since the first of the year take pride in Art City al an average price of $150,661 Kul the arts are not the only thing Many of the newcomers buying that people in Springville enjoy homes in Springville go to work Sandwiched between the Wasatch each day in the Springville Industri mountains and Utah Lake Spring al Vark, a 360-aere facility located ville is a nature lover's dream. Hik on the northwest end of the city ed) vase Pr im Cell Newspaper! en aes , on oneaey om Las Vegas The only The local chapter of Ronald Mc Springville which fi nally seems to be leveling oul in Utah County. is becoming more and more buyer friendly There are currently 102 homes speed The park is one of the most ing. backpacking. fishing and horse back riding in the nearby canyons success ful of its Kind in the state. boasting and mountains are all 5 ay pur both commercial and industrial in ter More than 2.000 jobs are suits for Springville local if golf is your game, Hobble Creek supplied by the park wine ‘ The real estate market, be used to bring the facility up to io ets i . which provide canyon camping, are $25,000. That money, along with other donations to the museum, will Reach RA pe Cgalg n parks, two of other popular attractions door enthusiasts families in need, recently ponied up nine wee oie in the state dedicated to helping children and iclim of its own suecess Gray indicated that the museum i cul rently vrowing out of its facilities which date back to 1937 when the muscu Was first constructed More TAze phe sdated operati 18 are needed to accommodate the budding collections ' 20 years, | Golf Course is one of the true gems The Konald MeDonald Childrens Charities, 4 national organization Continued from Page 4 , | INANC IAL CEN PER of Utah al al Monta aa | FREE PRE-QUALIFICATIONS PURCHASE /REFINANCE LOANS/ DEBT nneret We REMOD! ‘ 5100 OFF CLOSING COSTS 6.75%" CONSTRUC ‘TION a5 4 4 help From 230's people' 1700 bast Pioneer Koad(42500 South) 4 Models Now Open Daily IZpu Span | ee | . 3/1 ARM 780 ARH Call 278-1099 for appointment 1961 E, 4800 8. Suite 110 | <r : address you Prom 190% 6255 owt1550 West Open Dally pan Spas For A Loan As Personal As Your Signature need when * Protecsional Service with @ nome, office, ar over the * Free Pre Quatitication Heation tater ve * Competitive Mates, looking fora home wowmisenet 451-7300 From 120's C 1300 W Open Daily Lp Spe HORTON D.R. CUSTOM HOMES America’s Confidence Builder (BO1) 572-6200 fur t iL } from 120's 1545 5 West Spon Deva bee «ee i THI TRUSTED NAME IN KE Al ald Our Decorated | SHADOW MOUNTAIN | | f | he 4910 W 51D $14 West Jordan | ERICKSON ESTATES | NSEI f West Jordan | 1 Ng 4B Al ASSOCIATES One wed Hd t he 7-040 mid $140 M te Riverton RIVERTON CHASI 12400 Bo Kedwood Ha Ril) 254-9226 from the $1 Draper SOUTH MOUNTAIN 14877 Magu Wand Hii) TE Howe ailal handy SANDY POINT TOWNHOMES 1046 uth 700 Kast i] STATI 601-566-2500 had 4 ine ' # etn mam « | |
