Alan & Denise Selling Florida Homes

[BIGHUSKERSRED]

Just read this news about Alan & Denise putting their Jupiter Island home in the market for $14.9M while their smaller home in FL is still for sale with lowered sale price of $900,000 from the orignal asking price of $1.2M. I thought that this might interest you all reading this too.

http://tasteofcountry.com/alan-jackson-selling-florida-estate/

BHR

[bb2832]

I just read that this morning and watched the slide show of pictures of the house in Jupiter. It's amazing.

[Luckylady44]

Hmmm, wonder if he'll build another one in FL.  Why not SC?  LOL!

[Jeri_MS]

Sorry Alan wont be living in FL anymore but I guess it's natural to cutback as your children leave. Most people we know are.Alan's wife being ill, their priorities changed too. Maybe they just want to relax more and enjoy! Sounds like the new house in Nashville is nice.. to a DJ Alan visited, Alan said "Denise fixed it up fancy", so I'm sure it is nice.
Enjoy living and be happy Alan & Family, Jerrie-MS

[bb2832]

Jeri,

Where is the new house in Nashville? Do you know. I have not heard anything about it.
Take care.

[Alanfan]

Are there any pictures of the new home in Nashville?  IT would be fun to see it.  I'm
sure Denise is a perfect decorator and Alan would surely have a place for his cars and
boats.  It probably has a private Lake.  I hope the kids like it.  They love their kids.  Mattie
would still be in college at UT.  I wonder if the middle one is in college yet.  Wow, kids
sure do grow fast.  That is a GOOD family.

Alanfan

[IndianaNative]

Alan and Denise are probably just doing a little tax planning in selling their homes in 2012 before the capital gains tax rates may almost double in 2013.  Remember that the taxes to pay for ObamaCare start kicking in next year, including an additional 3.8% capital gains tax on sales of your personal residence.

Why do you think that Facebook is going public this year?  Part of it is related to tax planning and the current capital gain tax rate of 15%.  It is estimated that 1,000 individuals (including many employees and early financial backers) will become instant millionaires as well as a few billionaires.  This initial IPO is to allow those individuals to cash out some of their stock holdings this year and minimize the tax bite sent to Washington and Sacramento.

[bb2832]

IndianaNative,

Wow..you may be right. I guess I missed that "capitol gains" memo somewhere. Thanks so much for the info.   Maybe the Jackson's would be interested in becomeing Hoosiers...?