Kay Kim's Team, REALTORŽ, real estate agents and broker for Gwinnett County, Dekalb County and Fulton County Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

Looking for the best to help Buy or Sell your next home? Call the Kay Kim Team at 770-414-4044 for all your Real Estate needs!

Everything we touch turns to sold! The highly motivated professionals of The Kay Kim Team, along with our helpful and courteous office staff are here to provide top service assisting you in all your real estate needs. Our success is recognized by numerous awards and achievements that include: #1 REMAX Team internationally, in the US and in the state of Georgia; #1 Highest Transaction Award; #1 Sales Volume for State of Georgia; Lifetime Achievement Award; the prestigious Pheonix Award presented by the Atlanta Board of Realtors; and the Platinum Award (Highest Single Year Commission Honor) every year for the past 10 years. We strive to stay on the cutting edge of the real estate industry for the benefit of our clients along with giving them extraordinary service. Our goal is your satisfaction.

Looking for homes? Search everything the web has to offer, right here! Don't miss our Feature Homes.

Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR REALTORSŽ. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible.

Buying and selling a home is one of the biggest events in your life. As one of the best realtors in the Atlanta area, we have the experience and track record you are looking for. Please do not hesitate to call us with any questions!

- Kay Kim's Team

Tax Considerations >Your Tax Free Profits

Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.

With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.

You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.

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