• All Saints Lutheran Church

• Heritage Hills Church Free Methodist
  5530 Runyan Lake Road
  Fenton, MI 48430
  810-632-3417

• Hardy United Methodist Church
  6510 E. Highland Road
  Howell, MI 48843
  517-546-1122

• Hartland Presbyterian Church
  Trillium Professional Center
  12319 Highland Road, Suite 203
  Hartland, MI 48353
  810-632-5890

• Hartland United Methodist Church
  10300 Maple
  Hartland, MI 48353
  810-632-7476

• Ore Creek Community Church
  11554 Highland Road
  Hartland, MI 48353
  810-632-7300

• St. John Catholic Church
  2201 S. Old US-23
  Brighton, MI 48814
  810-229-8624

• The River Community Church
  9141 Hartland Road
  Fenton, MI 48430
  810-750-0350

• Tyrone Covenant Presbyterian Church
  10235 White Lake Road
  Fenton, MI 48430
  810-629-1261

• Victory Baptist Church
  P.O. Box 523
  Hartland, MI 48353
  810-714-1445

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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