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- ๐จโโ๏ธ Nevada Health Link Expands Coverage: 97,000 Residents Enrolled for 2025
๐จโโ๏ธ Nevada Health Link Expands Coverage: 97,000 Residents Enrolled for 2025
Issue #369 - December 10, 2024
Dear SummerSouth Insiders!
๐Exciting News Ahead & We Need Your Support!๐
Hello, amazing subscribers! We're gearing up for some thrilling developments and can't wait to share them with you! But here's the thing โ we need a little boost from our most valued members: You! ๐
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Your support is the backbone of our journey. Together, let's build a community where everyone benefits from insightful, daily content. Thank you for being a part of our exciting path forward! ๐๐ช
Funeral Advantage Plan
Thereโs a new low cost final expense insurance plan available for seniors between 50-85. This plan can cover all of your final expenses:
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Download the Free CheatSheet to learn more.
๐ Weekly Local Events for December 2024
Regular weekly events in or near Summerlin, Las Vegas are listed below.
Visit here to lookup specific venue information or for upcoming and/or non-weekly events on Meetup.
Monday
Monday Classes At Latin Blendz: (Every week on Monday @ 10AM)
Socially Vegas - Monday Night Bowling @ The Orleans Bowling Center: Must arrive/check-in before 7pm; 7 - 10pm (Every week on Monday); COST (CASH Only) $10 for 2 games (includes shoes) COST: $12 for 3 games (includes shoes)
Monday Night TRIVIA at ReBAR, 1225 S Main St, Las Vegas: (Every week on Monday @ 7PM)
Tuesday
Sand Volleyball Intermediate, Rusty and Old Time Players @ Aloha Shores Park (NW), Cheyenne & Buffalo, 7550 Sauer St, Las Vegas: (Every week on Tuesday @ 6 - 8 PM)
Run Drink Las Vegas - Weekly Tuesday Run @ Frankieโs Uptown patio: 7PM (Every week on Tuesday), FOLLOW US ON INSTAGRAM @rundrinklv FOR THE LATEST WEATHER/TIMING UPDATES
Wednesday
Business Leads Group - Networking Breakfast @ Summit Restaurant, Eagle Crest Golf Course, 2215 Thomas W Ryan Blvd, Las Vegas: Cost $20 cash, 7 - 8:30 AM (Every week on Wednesday)
Early Risers Toastmasters Meeting (In-Person - Summerlin Egg Works / Online Event: 7 - 8 AM (Every week on Wednesday)
Las Vegas Valley Bicycle Club - Wednesday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Wednesday)
Speakers & Leaders of Summerlin Toastmasters Meeting, Summerlin Egg Works, 2025 Village Center Cir, Las Vegas: 12 - 1:30 PM (Every week on Wednesday)
Thursday
Abundance Business Networking Group Online Event: 7 - 8:30 AM (Every week on Thursday). Please arrive 10-15 minutes early for networking. Steps to access our BNI Onlineโข Virtual Chapter Meeting, visit website.
Las Vegas Real Estate Investors Association - Weekly Power Lunch For Real Estate Investors: 11 AM - 1 PM (Every week on Thursday). Request to join here.
Free Salsa Classes @ Feel The Music Dance Studio: 7 - 8 PM (Every week on Thursday). Visit the website to register online.
Summerlin Bitcoin Happy Hour, SG Bar, 9580 W Flamingo Rd, Las Vegas: 6:30 PM (Every week on Thursday)
Coed Soccer - Summerlin: Crossings Park, 1111 Crestdale Ln, Las Vegas: 7:30 - 9:45 PM (Every week on Tuesday/Thursday)
Friday
Find Your Yoga Las Vegas - Flow & Yin W / Noรฉ Hilyard @ Yoga Sanctuary: 6 - 7:15 PM (Every week on Friday) View Yoga Sanctuary's full schedule.
Swing Dancing in Las Vegas Vintage and Modern Swing Dances @ The Mint Tavern: 7:30 - 8:30 PM (Every week on Friday)
Saturday
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
Find Your Yoga Las Vegas - Saturday Morning Meditation with Practitioner Selina Kelly @ Yoga Kandy, LLC. Cost: Love Donation $5-$10 suggested. 11 - 11:45 AM (Every week on Saturday)
Sunday
Las Vegas Valley Bicycle Club - Sunday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Sunday)
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
Level 1 West Coast Swing @ 2580 N Rancho Dr, North Las Vegas: 7 - 8 PM (Every week on Tuesday); Drop in Rate is $15, Monthly pass is $50; Register online.
โฝ Las Vegas Gas Prices
๐จโโ๏ธ Nevada Health Link Expands Coverage: 97,000 Residents Enrolled for 2025
For over a decade, Nevadans have used a health insurance exchange to select affordable plans from private companies. Known today as Nevada Health Link, the marketplace has shown notable growth, with approximately 97,000 residents expected to have healthcare coverage by January 1, 2025โan increase of 10% compared to the previous year.
This rise in enrollment stems from changes in Medicaid eligibility, expanded access for specific groups, and new tools that simplify securing coverage.
Growth Driven by Medicaid Changes
Enrollment has surged as a result of the end of pandemic-era policies that allowed extended Medicaid eligibility. Over the past year, many individuals lost their Medicaid coverage due to redeterminations based on income thresholds, prompting them to turn to the exchange for health insurance.
A Range of Plan Options
Nevada Health Link offers diverse choices for 2025:
Washoe County: Seven carriers with 71 different plans.
Rural Nevada: Four carriers offering 46 plans.
Subsidies Make Plans Affordable
Subsidies play a critical role in keeping premiums affordable. Most enrollees qualify for financial assistance, with nine out of ten applicants receiving subsidies. Half of all enrollees pay less than $100 per month for coverage.
For instance, a family of four in Washoe County with an income of $81,000โthe areaโs average household incomeโmay qualify for subsidies that reduce premiums to $0 for a bronze plan.
Automatic Renewal and Re-Evaluation
Enrollees who are satisfied with their current plans and are up to date on payments will see their coverage automatically renewed for 2025. However, Nevada Health Link encourages reviewing available options to ensure the selected plan aligns with any changes in life circumstances, such as shifts in income or family size.
Assistance and Resources
Navigating the complexities of health insurance remains a challenge, but Nevada Health Link provides extensive resources to help enrollees.
QR Codes: Located on billboards and at community events, these codes direct users to the Nevada Health Link website, where they can compare plans and prices.
In-Person Help: Brokers and navigators are available to assist individuals in finding the best plan at no cost.
New Coverage for DACA Residents
Starting in 2025, Deferred Action for Childhood Arrivals (DACA) recipients and other legally employed non-citizens can enroll in health insurance through the exchange. They also qualify for subsidies to lower premium costs.
This expanded access ensures DACA recipients, who typically hold work authorizations and Social Security numbers, can secure affordable healthcare. Nevada Health Link has confirmed that personal information provided by enrollees will remain private and will not be shared with immigration or law enforcement authorities.
Key Enrollment Deadlines
To secure coverage beginning January 1, 2025, enrollment must be completed by December 31, 2024. The final deadline for the 2025 plan year is January 15, 2025.
More information and tools for comparison are available at www.nevadahealthlink.com.
Looking Forward
Nevada Health Link continues to expand its reach and adapt to the evolving needs of residents, providing accessible, affordable healthcare options statewide. With tools, subsidies, and expanded eligibility, the exchange remains a vital resource for Nevadans as they navigate their health insurance options ahead of the January deadlines.
๐ Raiders Prepare for Limited Partnership Sales Approval at NFL Owners' Meeting
NFL owners are set to vote this week on the Las Vegas Raiders' latest limited partnership sales, which would bring new minority investors into the franchise. Egon Durban, co-CEO of Silver Lake and chairman of Endeavorโs board, and Michael Meldman, founder and chairman of Discovery Land Company, are expected to acquire 7.5% stakes each. Approval of the sales is anticipated during the meetings Tuesday and Wednesday.
Recent Transactions Bring Prominent Investors
The Durban and Meldman deals follow a recent sale involving Tom Brady, his business partner Tom Wagner, and NFL Hall of Famer Richard Seymour, who collectively acquired about 10% of the Raiders two months ago. Brady and Wagner each hold 5% stakes, while Seymour owns 0.5%.
Despite these transactions, Raiders owner Mark Davis retains full control, with over 40% of the team owned by him and his mother, Carol Davis. As the controlling owner, Mark Davis has sole decision-making and voting rights at league meetings, ensuring that new minority owners will not have an operational role in the team.
Why Sell Now?
The timing of these sales aligns with several motivations for Davis, including generating cash flow, addressing estate planning challenges, and capitalizing on the franchise's soaring valuation.
Monetizing a Growing Asset
Since relocating to Las Vegas, the Raiders' valuation has skyrocketed, now estimated at $7.8 billionโup significantly from $1.4 billion in 2015. By selling portions of the franchise, Davis converts a fraction of the team's value into cash while retaining control.
League sources highlight that selling small stakes at attractive prices provides immediate financial benefits without relinquishing significant power.
Estate Planning
Davis is also preparing for inheritance tax implications, particularly with his mother in her 90s. Liquidating parts of the franchise now provides financial gains to help address these future tax obligations.
Attracting Strategic Investors
For Davis, these deals are about more than just money. He has emphasized the value of bringing influential partners on board.
Brady, in particular, is expected to play a prominent role in shaping the Raidersโ football operations over time. His insights could influence decisions on coaching, player development, and quarterback acquisitions.
The business acumen of Durban, Meldman, and Wagner also offers strategic advantages. Their expertise could help unlock the Raidersโ growth potential in Las Vegas, a market that continues to attract opportunities for expansion and innovation.
Benefits for Investors
Investing in an NFL franchise is viewed as a low-risk, high-reward proposition. The leagueโs financial stability, driven by lucrative media deals and international growth, ensures consistent value appreciation for all 32 franchises.
Beyond financial gains, these stakes grant investors membership in the exclusive NFL ownership club. Such access can be valuable if the team ever goes up for sale.
Long-Term Positioning
While Davisโ succession plans remain private, new minority investors could potentially position themselves for a future ownership bid. Rights of first refusal (ROFR), if included in these deals, would give them the option to match competing offers for the team.
A Bright Future
The Raiders continue to benefit from their relocation to Las Vegas, with Allegiant Stadium serving as a revenue-generating hub. With new minority investors contributing their expertise and resources, the team aims to capitalize on its growth potential in a competitive market.
๐ Where to Dine in Las Vegas During the Holiday Season
Las Vegas offers an array of dining options for Christmas Day and the surrounding season, ranging from festive specials to exclusive multi-course menus. Whether youโre looking for traditional holiday meals or unique culinary experiences, these restaurants on and off the Strip have something to suit every taste.
Early Holiday Specials
Aroma Latina American Cocina (2877 N. Green Valley Parkway, Henderson)
This Latin American eatery is offering seasonal specials from Dec. 4 to 21 (excluding Mondays), showcasing dishes inspired by various countries:
Guatemalan Enchiladas ($16): Tostadas topped with wagyu picadillo, pickled vegetables, egg, and cotija.
Christmas Tamales ($21): Stuffed with chicken or pork, achiote, and olives.
Pan Con Pierna ($20): A roasted kurobuta pork leg sandwich with house dressing and fries.
Molletes ($12): Bread pudding-stuffed rolls with cinnamon mousse and crรจme anglaise.
Lunch: 11 a.m.โ3 p.m.; Dinner: 5โ9 p.m.; Brunch (Sunday): 11 a.m.โ4 p.m. Reservations: 702-547-0474.
Off the Strip Dining
Arizona Charlieโs Boulder/Decatur โ Sourdough Cafรฉ
Offers a three-course holiday dinner featuring grilled salmon, Brussels sprouts, wild rice, and peppermint cheesecake pop for $24.99. Available Dec. 24โ25 from 11 a.m. to 11 p.m.
Azzura Cucina Italiana (322 S. Water St., Henderson)
Enjoy a Feast of the Seven Fishes for $100, featuring dishes like lobster ravioli, scallop risotto, and Chilean sea bass. Dec. 24 seatings at 4, 6, and 8 p.m.
Basilico Ristorante Italiano (6111 S. Buffalo Drive, Evora)
Showcases a six-course menu ($95) featuring lobster bucatini, ricotta ravioli, and oxtail. Available Dec. 18โ21 (4โ9 p.m.) and Dec. 22 (4โ8 p.m.).
Green Valley Ranch
Bottiglia Cucina & Enoteca: Prime rib with sides ($55) and lobster linguine ($38). Dec. 24: 4โ10 p.m.; Dec. 25: 1โ9 p.m.
Hankโs Fine Steaks & Martinis: Specials like prime filet mignon tournedos Rossini ($95) and colossal tiger prawns ($39). Dec. 25: 1โ9 p.m.
Hofbrรคuhaus Las Vegas (4510 Paradise Road)
On Dec. 25, enjoy hearty German fare such as beef goulash soup ($9.50), roasted duck ($35), and cinnamon bread pudding ($14).
Dining on the Strip
Caesars Palace
Bacchanal Buffet: Offers brunch ($89.99) from 9 a.m. to 3 p.m. and dinner ($99.99) from 3 to 10 p.m. Dec. 24โ25.
Restaurant Guy Savoy: An eight-course gourmet meal featuring foie gras terrine and Japanese A5 wagyu for $485.
Paris Las Vegas
The Bedford by Martha Stewart: A four-course meal with choices like roast turkey or prime rib, for $119.99. Available Dec. 24โ25, 11 a.m.โ10:30 p.m.
Eiffel Tower Restaurant: A three-course menu including beef tenderloin and peppermint soufflรฉ ($155). Dec. 25: 5โ10 p.m.
The Venetian
Buddy Vโs Ristorante: A three-course Italian menu featuring braised short ribs and a milk-and-cookies platter for $75. Dec. 25: 2โ10 p.m.
Sugarcane: Offers specials like pan-seared barramundi with squash purรฉe ($45) and 20-ounce steak au poivre ($74). Dec. 24โ25, starting at 10 a.m.
Wynn Las Vegas
Safta 1964: Red snapper in court bouillon ($95) and spice-rubbed lamb chops ($90) from 5:30โ10 p.m. Dec. 25.
Other Highlights
JW Marriott: Hawthorn Grillโs three-course menu features striped bass or filet mignon for $85.
Treasure Island โ Philโs Steakhouse: Specials like beef Wellington and candy cane beet salad for $50, Dec. 24โ25, 5โ10 p.m.
Las Vegasโ restaurants offer an array of festive dining options to suit any preference this holiday season, from classic Christmas fare to international delicacies. Be sure to make reservations to secure your spot at these popular venues.
๐ฐ Las Vegas Crowned Top StubHub Destination for 2024, Outpacing New York by 56%
In 2024, Las Vegas solidified its reputation as the ultimate entertainment hotspot, with 92% of StubHub ticket buyers for local events hailing from outside the market, according to data released Tuesday. This made Las Vegas StubHubโs leading U.S. destination for visitors attending live events, surpassing second-place New York by an impressive 56% margin in ticket sales.
Super Bowl LVIII: A Record-Breaking Highlight
The year marked Las Vegas' debut as a host city for the Super Bowl, with Super Bowl LVIII at Allegiant Stadium emerging as StubHubโs top-selling single-day sporting event worldwide for 2024.
The showdown between the Kansas City Chiefs and San Francisco 49ers saw ticket sales surpass the previous yearโs Super Bowl in Arizona by 76%. It also attracted more than double the number of buyers compared to all five games of the NBA Finals. Fans from all 50 states and 21 countries purchased tickets, underscoring the gameโs global draw.
Las Vegas Concerts Steal the Spotlight
Despite the Super Bowlโs immense success, concerts in Las Vegas dominated StubHubโs top live events for the year, with four out of the top five events being music residencies or performances.
At the forefront was Weekends With Adele at The Colosseum at Caesars Palace. The global starโs residency not only topped Las Vegas events but also outsold her European shows in Munich by more than double.
Concerts at the high-tech Sphere venue also made a significant impact. The venue hosted The Eagles, U2, and Phish, each drawing massive crowds and contributing to the cityโs live entertainment appeal.
StubHub's Top 5 Las Vegas Events for 2024
Weekends With Adele at The Colosseum at Caesars Palace (January-November).
Super Bowl LVIII at Allegiant Stadium (Feb. 11).
The Eagles at Sphere (September-December).
U2 at Sphere (Jan. 26-Feb. 23).
Phish at Sphere (April 18-21).
Las Vegas: A Magnet for Tourism and Live Events
The data reflects the cityโs unparalleled ability to attract tourists seeking unique live experiences. From hosting marquee sporting events like the Super Bowl to delivering world-class performances at iconic venues, Las Vegas continues to set the gold standard for entertainment, drawing audiences from across the globe.
As the city gears up for another year of major events and performances, 2024โs record-setting numbers position Las Vegas to maintain its title as the nationโs premier entertainment capital.
โ U.S. Airstrikes on Islamic State Aim to Prevent Resurgence Amid Syrian Chaos
In the wake of President Bashar Assadโs government being toppled in Syria, the United States launched extensive airstrikes targeting Islamic State (IS) militants in the Syrian desert. The attacks, carried out on Sunday, aimed to dismantle IS strongholds and prevent the group from capitalizing on the political vacuum left by Assadโs removal.
Strategic Goals Behind the Airstrikes
The operation underscores the U.S. commitment to preventing IS from regaining influence in Syria. The terrorist group, while significantly weakened since the height of its power in 2014, still maintains a presence with thousands of fighters in Syria and tens of thousands of supporters in detention camps. Pentagon officials emphasized that the strikes were designed to disrupt IS activities and send a clear message about the U.S.โs resolve to curb any resurgence.
The airstrikes targeted around 75 IS positions across five locations in the desert, utilizing B-52 bombers, A-10 attack aircraft, and F-15 fighter jets. These high-profile assets highlight the scale and seriousness of the mission.
U.S. Military Presence and Role in Syria
The United States maintains approximately 900 troops and additional contractors in Syria, primarily stationed in the northern and eastern regions. The al-Tanf garrison in southeastern Syria is a key site, strategically located on a transit route used by Iran-backed forces to supply weapons to Hezbollah in Lebanon. U.S. forces there aim to disrupt such activities while supporting the Kurdish-led Syrian Democratic Forces (SDF) in counter-IS operations.
Challenges in the Region
The U.S. operation in Syria is multifaceted, as the region remains a complex theater of competing interests. Russia, with its naval port in northern Syria, and Iran, which uses Syria as a conduit for weapon transfers, both exert influence in the country. The U.S. works to maintain deconfliction protocols with Moscow to avoid accidental clashes.
At the same time, the U.S. faces the ongoing challenge of managing IS detainees. Kurdish groups currently oversee detention facilities housing thousands of IS fighters and their families, but instability in the region could jeopardize their containment efforts, potentially increasing the threat to both regional and global security.
Rising Concerns About Instability
The fall of Damascus has created additional uncertainties. The opposition group Hayat Tahrir al-Sham (HTS), which played a leading role in Assadโs overthrow, has sought to position itself as a more moderate force under the leadership of Ahmad al-Sharaa. However, HTS remains designated as a foreign terrorist organization by the U.S. and the United Nations.
Western leaders, including U.S. Secretary of State Antony Blinken and White House National Security Council spokesman John Kirby, have expressed caution. While efforts are underway to engage with opposition forces through diplomatic and regional channels, U.S. officials remain wary of HTS's intentions and future actions.
A Continued U.S. Commitment
Despite the complexities, the Biden administration has made it clear that the U.S. will not become directly involved in Syriaโs internal conflicts or the governance transition. Instead, the focus remains on countering IS, managing regional threats, and ensuring that terror groups like al-Qaida and IS do not exploit the ongoing chaos.
The situation in Syria highlights the enduring challenges of maintaining stability in a volatile region, with the U.S. militaryโs actions aiming to deter extremist groups while navigating a delicate geopolitical landscape.
๐ก A Comprehensive Guide to Capital Gains Taxes on Home Sales
Selling a home can be a financially rewarding experience, especially when the property has appreciated in value. However, the joy of a profitable sale may come with a significant financial obligation: capital gains taxes. These taxes apply to profits made from selling certain investments, including real estate. Depending on factors such as how long the home was owned, taxable income, and tax filing status, these taxes can amount to as much as 20% of the profit, potentially adding a considerable amount to your tax bill.
Fortunately, strategies exist to reduce or even avoid these taxes. If youโre planning to sell a property soon, understanding capital gains taxes, their implications, and ways to minimize them is essential.
What is Capital Gains Tax on Real Estate?
Capital gains tax is levied on the profit made when selling an investment, such as a home, for more than its purchase price. For example, if you bought a house for $300,000 and sold it for $400,000, the $100,000 profit is your capital gain.
The Internal Revenue Service (IRS) imposes capital gains taxes in addition to your regular taxable income. The applicable tax rate generally ranges from 0% to 20%, depending on your income and filing status.
When Do You Pay Capital Gains Tax on Real Estate?
Capital gains taxes are due when you sell a home that youโve owned for over a year. The timeline for ownership begins the day after you acquire the property and ends on the date of sale.
However, the tax payment is not immediate. Youโll pay the tax when filing your annual tax return for the year of the sale. For instance, if you sold a home in 2024, you would report and pay the tax when filing your 2024 return in April 2025. To report the sale, youโll use IRS Form Schedule D to calculate and disclose your capital gains.
Certain scenarios might exempt you from capital gains taxes, such as earning below a specific income threshold or qualifying for a tax exclusion (discussed later).
How Much is Capital Gains Tax on Real Estate?
The tax rate for capital gains depends on three key factors:
Length of Ownership
Short-Term Gains: Profits from a home owned for less than a year are considered short-term gains and taxed at your regular income tax rate.
Long-Term Gains: For properties owned longer than a year, profits are taxed at capital gains rates, which are generally lower than income tax rates.
Taxable Income
Your annual income determines which capital gains tax bracket applies. Those with lower incomes might pay 0%, while higher-income earners could pay up to 20%.
Filing Status
Income thresholds for each tax bracket vary by filing status. Single filers and married couples filing separately have lower thresholds, while married couples filing jointly and heads of household benefit from higher limits.
2024 Capital Gains Tax Brackets
Filing Status | 0% Rate (Income Up To) | 15% Rate (Income Between) | 20% Rate (Income Over) |
---|---|---|---|
Single | $44,625 | $44,626 - $492,300 | $492,301 |
Married Filing Jointly | $89,250 | $89,251 - $553,850 | $553,851 |
Head of Household | $59,750 | $59,751 - $523,050 | $523,051 |
Calculating Your Capital Gains Tax
To determine your tax liability, identify your taxable gain (sale price minus purchase price) and multiply it by your tax rate.
Example:
Home Purchase Price: $550,000
Sale Price: $900,000
Capital Gain: $350,000
Tax Rate: 15% (based on income and filing status)
Tax Owed: $52,500 ($350,000 ร 0.15)
How to Avoid or Minimize Capital Gains Taxes
Use the Capital Gains Tax Exclusion
The IRS allows eligible sellers to exclude up to $250,000 (single) or $500,000 (married filing jointly) of profit from capital gains taxes. To qualify:The home must have been your primary residence for at least two of the past five years.
The property must meet the IRS definition of a โmain home,โ as evidenced by tax returns, voter registration, or driverโs license.
Exceptions may apply for partial exclusions under special circumstances, such as job relocation or health issues.
Reduce Your Taxable Income
Lowering your taxable income can reduce or eliminate your capital gains tax liability. Strategies include:Maximizing 401(k) Contributions: Contributions are tax-deductible and lower taxable income.
Charitable Donations: Donations to qualified organizations may be deductible.
Contributing to an HSA: Contributions to a Health Savings Account offer tax benefits.
Utilize a 1031 Exchange
For investment or rental properties, a 1031 exchange allows you to reinvest the proceeds from a property sale into a similar property, deferring capital gains taxes. This strategy is not available for primary residences.Leverage Tax Deductions
Itemizing deductions for mortgage interest, property taxes, or home office expenses can lower taxable income. Consult a tax advisor to identify eligible deductions and determine whether itemizing or taking the standard deduction is more beneficial.Consult a Tax Professional
Tax laws are complex, and mistakes can be costly. A tax advisor can help you navigate eligibility for exclusions, calculate liabilities, and implement tax-saving strategies.
Frequently Asked Questions (FAQs)
1. Do I always pay capital gains taxes when selling a home?
No. Homeowners with lower incomes or those qualifying for the IRS exclusion may avoid paying capital gains taxes.
2. How are capital gains taxes calculated?
Taxes are based on your income, filing status, and the duration of home ownership. Long-term gains are taxed at lower rates than short-term gains.
3. What is a 1031 exchange?
A 1031 exchange allows investors to defer capital gains taxes by reinvesting proceeds from a property sale into a similar property within a specific timeframe.
Conclusion
Capital gains taxes can significantly impact the profit from a home sale. By understanding the rules and planning ahead, you can reduce or even eliminate these taxes. Strategies such as qualifying for the IRS exclusion, lowering taxable income, or utilizing a 1031 exchange are effective tools. Consulting a tax professional is highly recommended to ensure you maximize your financial benefits and stay compliant with IRS regulations.
Summerlin South, NV Demographics
What is the population of Summerlin South?
What are the employment statistics in Summerlin South?
How many households are there in Summerlin South?
What are the median and average incomes in Summerlin South?
How many homeowners and renters are there in Summerlin South?
What is the level of education in Summerlin South?
What is the marital status of Summerlin South residents?
What are the most common means of transportation in Summerlin South?
Methodology & Disclaimers
Demographic data shown in this section was gathered from the latest U.S. Census Bureau release, the 2022 American Community Survey. The information is updated yearly, as soon as new data is made available by the US Census Bureau.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.
Zip codes included in this demographic data: 89135
Summerlin Area Command - Week Ending: December 6, 2024
Courtesy of The Las Vegas Metropolitan Police Department.
๐ ๐ Summerlin South - November 2024
*Median Sold Price By Bedroom Count
This is the middle price for which all homes in the area were sold based on the number of bedrooms. Half of all the homes sold were below this price, and half were above.
Visit here to see the entire report.
๐ โ We Want To Spotlight Your Business!
Would you like us to spotlight your local business in front of thousands of Summerlin South area residents in an upcoming issue of SummerSouth Insider?
We โค๏ธ Local Businesses!
We know our community is brimming with businesses that have fascinating stories and big hearts. If you're a local business owner making waves, crafting unique experiences, or simply putting a smile on our faces, we want to chat with you! "SummerSouth Insider" is eager to shine a light on the unsung heroes of our town. Let's collaborate and let the community know what makes your business special. Send us a message, and let's celebrate the spirit of Summerlin South together!
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