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 |  | | Diane Lenahan, Principal Broker and REALTOR | |
 Diane Lenahan Diane is the Principal Broker of Wolf Run Realty, representing the best of the residential real estate industry. Originally from New York, she relocated to Virgina while her husband served in the U.S. military. Diane rose from teacher to Subschool Principal in the Fairfax County School System until her retirement. Since 1998, she has represented her clients as a REALTOR® with a regional and a national firm, then as the Principal Broker of her own firm, Wolf Run Realty, and subsequently as an Associate Broker with Keller Williams Capital Properties-Fairfax,and now having returned as the Principal Broker of her own firm serving Fairfax County, Arlington County, Loudon County, Stafford County, and Prince William County, including Clifton, Fairfax Station, Alexandria, Burke, Centreville, Manassas, Mount Vernon,Fredericksburg, Springfield, Woodbridge, and Belmont Bay, Virginia. Diane has been a Top Producer in Northern Virginia for over 10 years and is a Member of the Counsel of Residential Specialists (CRS) and the Graduate Realtor Institute (GRI). Diane continues to represent buyers and sellers throughout Northern Virginia, where she has lived for over 30 years. Her personal and professional knowledge of the area and the Northern Virginia real estate market is extensive. And, her experience in representing buyers and sellers who are relocating will be asset to military and civilan personnel moving to Northern Virginia due to BRAC, the National Geospatial Agency's new headquarters, and corporate assignments. No one will work harder or smarter than Diane in representing your interest in buying or selling your most important asset. Call Diane at 703-283-7328 or email her at DLenahan@WolfRunRealty.com. You will be glad you did! 
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Tax Considerations >Taxpayer Relief
Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate.
The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
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| Q |
Where is the world's tallest apartment block?
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| A |
The 100-story John Hancock Center in Chicago, Illinois is 1,127 feet high; floors 44 through 92 are residential.
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