Please help us welcome David Wickenden
Now that we have expanded, we are happy to announce the addition of Attorney David Wickenden!

David Wickenden has been involved in commercial real estate development for many years. A native of England, David Wickenden began his career in the English Midlands working for a commercial real estate developer. In 1984, David came to the United States to work for Technology Park Atlanta, in North Fulton.

Subsequently, David attended the Metropolitan State College of Denver in Colorado, earning a B.A., in Philosophy. Returning to Georgia in 1994, David enrolled in the College of Law at the University of Georgia and earned his J.D.
David is a trustworthy and accomplished real estate closing attorney. He resides in Hoschton, Georgia with his wife and daughter. He enjoys teaching Sunday school at Campus Church in Norcross, Georgia.
How moving to a new home affects your taxes
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If you purchased your home.

  Buying a home, especially for the first time, welcomes you to the new world of property expenses, but there are also many tax benefits to owning a house. If you purchased a home in 2017, the prorated mortgage interest for up to $1.2 million of debt is deductible – and that remains the case for future filings.

 But if you purchase a home in 2018 or after, your future deduction is limited to interest on mortgage debt up to $750,000, following the passing of the Tax Cuts and Jobs Act in December 2017. Prorated real estate taxes from the point of purchase and loan origination fees – or “points” – are also tax-deductible. Though starting with your filing for the 2018 calendar year, the property tax deduction is limited to $10,000.

If you purchased your home with a  mortgage , one key piece of paperwork you’ll need is the 1098 form you receive from your mortgage company, explains Nate Rigney, a senior tax research analyst at The Tax Institute at H&R Block.

Russell C. Petersen, LLC does not provide tax or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax or accounting advice. You should consult your own tax and accounting advisors before engaging in any transaction.
Our Featured Agent of the Month
Courtney Roberson
FBC Mortgage Branch Manager
Courtney has been originating mortgage loans since August 2002. Over the years, she has gained a broad spectrum of experience and knowledge of the mortgage industry, and is considered an expert in the field. 

When not working, Courtney enjoys time with her family, at church, and serves as a volunteer in the community as a member of the Dawson County Rotary Club, among other organizations. She is married with two boys who love to play sports, so she is also a football/basketball/baseball mom .
The Law Offices of Russell C. Petersen
678-862-0810 | russell@rcplawfirm.com | www.rcplawfirm.com