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All agents are NOT alike! Find out why Lynn is a top real estate expert. Call her: 973-715-0663.
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"Marc and I want to thank you so much..."
"This may have been a difficult transaction, but it was truly a pleasure working with you."
With love,Amy and Marc Rosenberg
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Lynn Skuraton
is one of The Top Selling Real Estate Experts™
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Meet Lynn Skuraton Lynn Skuraton is a sales associate with Keller Williams Suburban Realty in Livingston, NJ. She is a lifetime resident of New Jersey, born and raised in Hillside and a 27 year resident of Short Hills, she currently lives in Livingston Township. Happily Married to Jeff, she is the mother of Tamara and Tiffany and owns 5 little puppies who she loves dearly as part of their family.
For 20 years, Lynn worked with Weichert Realtors, where her commitment to excellence and service with a personal touch earned her a membership in Weichert Realtors prestigious President's Club. Lynn was also selected as a representative of Weichert Realtors Capital Properties and Estates division as a luxury home specialist. Through her successful representation of builders and developers, Lynn has earned the NJAR Circle of Excellence and NJAR Distinguished Sales Club awards, along with numerous company, regional and office recognitions. A corporate consultant and relocation expert representing several large international corporations, she is comfortable dealing with the most discriminating buyers and sellers. Long active in community affairs and charities, she has chaired exciting fund-raising events for a host of important causes. 
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First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
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| Q |
Where is the world's oldest pyramid?
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| A |
The oldest pyramid is the Third Pyramid of Mycerinus is at El Gizeh, Egypt; it has the largest single block weighing 320 tons. |
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