I'm here to help! Please call me or just send me an email with what you need, I'll take care of it promptly! I appreciate the opportunity!

Request My Free Relocation Package!
Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate!
Find Out More >
View All Offers >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

Jane Sullivan Horne is one of The Top Selling Real Estate Experts™
Find Out More >

Local Maps and Links: Smith Mountain Lake Virginia home buying, real estate listings, and homes for sale in Franklin County, VA

Welcome > Local Info > Local Maps & Links ...

Map Courtesy of MapQuest.com.

The Best Smith Mountain Lake Web Sites

CHAMBERS OF COMMERCE

LOCAL TRANSPORTATION/AIRPORTS

LOCAL BUSINESS AND ECONOMY

Request My Free Smith Mountain Lake Relocation Package.

Request my Free Smith Mountain Lake Relocation Package. It's packed full of useful and important information about the Smith Mountain Lake, Virginia area. Don't move here without it!

Are you new to the area? Request my FREE Smith Mountain Lake package of relocation information. It's my job to help! There's no obligation, and I promise to respond quickly...

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State:
Country:
Zip/Postal Code:
Phone:
	About Your Move
When Are You Moving?
Where Are You Moving?
	About Your Home Search
Your Price Range?
Number Of Bedrooms?
Number Of Bathrooms?
Home Size In Square Feet?
	About Your Home
Your Preferred Selling Price?
Number Of Bedrooms?
Number Of Bathrooms?
Home Size In Square Feet?
	Additional Info
Please Enter More Details, Along With Any Comments, Concerns, Or Questions:
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
I Guarantee Your Privacy >
Free & Without Obligation >

Tax Considerations >Tax Deductions

Here is a question which is often asked about real estate sales: which home loan fees are deductible for income tax purposes? It is good to know the answer to this question before you sign on the dotted line. It may influence which loan you will choose. Loan fees for certain services are not itemized on your fee statement, but are grouped together into a single category.

The most obvious deductible fee is the loan fee paid to acquire a mortgage for a principal residence. The IRS recently ruled that the buyer could deduct the fee in the first year, even if the seller paid it! Other deductions include pro-rated property taxes and mortgage interest. On these items, the buyer may only deduct their share.

Most of the other closing costs are not deductible, but you may add them to your home's adjusted cost basis when calculating appreciation. Among these costs are appraisal, attorney, and inspection fees, as well as title, recording and notary fees. Fire insurance fees are neither deductible nor do they figure into the cost basis. If you are not sure which fees are deductible, consult a professional tax advisor.

	See All Tips In The "Tax Considerations" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What is the largest city square in the world?
A	Located in Beijing, China, Tianamen Square, called the "Gate of Heavenly Peace", covers 98 acres.
See More Real Estate Trivia >

Let me know if you want to link your company here!
Find Out More >

Jane Sullivan Horne, REALTOR®, real estate agent and broker for Smith Mountain Lake Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Jane Sullivan Horne
Prudential Waterfront Properties
2740 Water's Edge Drive
Penhook, VA 24137
540-576-1333
540-576-2555
540-493-1690
Fax: 540-576-1579
Jane@JaneAtTheLake.com
As a native of North Carolina, I originally became involved in sales to put myself through school at Appalachian State University. In 1983, I moved to Smith Mountain Lake and have enjoyed a successful career as a full time Realtor for the past 25 years.

My home is at The Water's Edge with my husband, Bill, and son, Trey. In 1986, I became the first permanent resident of The Water's Edge. This has been a great source of joy for me as well as a real benefit for my customers. I live here, work here, and play here, so I know the lake and its surrounding areas. My goal is to help my customers find the perfect property so that they can enjoy the same lifestyle I do.

Each year since beginning my career, I have been recognized for sales excellence by The Roanoke Valley Association of Realtors receiving the top two awards given. I attribute that success to tremendous customer referrals, fantastic properties and a lot of hard work.

Whether your are ready to buy or sell, let my years of experience help you!

www.JaneAtTheLake.com is brought to you by Jane Sullivan Horne
NUMBER1EXPERT™ for Smith Mountain Lake real estate, Virginia, lakefront property and country club real estate

Read My Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge