University and Other Higher Educational Institution Links     
   The DISD magnet school program has been nationally recognized and provides students with unique opportunities in specific areas of study, starting in elementary school and continuing through high school. Vanguards (Elementary Schools) George B. Dealey Montessori Academy Harry Stone Montessori Academy William B. Travis Vanguard and Academy (Talented & Gifted) Sidney Lanier Center for Expressive Arts K. B. Polk Center for the Academically Talented and Gifted Middle School Academies Magnet schools for 7th and 8th graders—called Academies—are for those students who are seeking unique studies based on interest and career goals. These academies, which follow the magnet school concept, provide multiple options to students. Information regarding admission/application procedures may be obtained from a middle school or academy counseling office. William Hawley Atwell Fundamental Academy (Law) George B. Dealey Montessori Academy Harry Stone Montessori Academy Dallas Environmental Science Academy W.E. Greiner Exploratory Arts Academy Oliver Wendell Holmes Classical Academy Henry W. Longfellow Career Exploration Academy Henry W. Longfellow Career Exploration Academy Alex W. Spence Talented/Gifted Academy William B Travis Academy/Vanguard for the Academically Talented and Gifted Irma Lerma Rangel Young Women's Leadership School Skyline Career Development Center Cluster Programs Magnet High Schools Yvonne A. Ewell Townview Center The Yvonne A. Ewell Townview Center is composed of six award-winning, college-preparatory magnet high schools providing students with a foundation leading to professional and paraprofessional careers in the specialization each school offers. While the magnet schools provide the thematic thrusts, which draw students to Townview Center, the Academic Center provides the strenuous core curriculum that includes Pre-AP and Advanced Placement courses. There are three additional Magnet High Schools. School of Business and Management School of Education and Social Services School of Government and Law School of Health Professions School of Science and Engineering School for the Talented and Gifted Humanities/Communications Magnet at Lincoln High School Irma Lerma Rangel Young Women's Leadership School Booker T. Washington High School for the Performing and Visual Arts Multiple Career Magnet Center  What ages are your children? We'll tell you what your choices are for schools in Lakewood, East Dallas and Dallas. It's our job to help! There's no obligation, and we promise to get back to you quickly... 
Tax Considerations >Tax Implications of Selling Your House
Most of my clients profit from selling their homes, and they often have questions about capital gains tax.
When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010.
Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption.
Consult your tax accountant for more detailed information regarding your particular circumstance.
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Nearly every state has a mandate for seller disclosure. What must a seller disclose?
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The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
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