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Amazon.com: Back Home: Music Your Store Music See All 32 Product Categories   Your Account | Cart | Wish List | Help | advanced search | browse styles | classical | top sellers | new & future releases | music you should hear | blowout music | used music | free downloads Search Amazon.com Popular Music - Artist Name - Album Title - Song Title Used Music Classical Music Music Downloads Web Search Join Amazon Prime and ship Two-Day for free and Overnight for $3.99. Already a member? Sign in . MUSIC INFORMATION Explore this album buying info listen to samples editorial reviews customer reviews RATE THIS ALBUM I dislike it I love it! 1 2 3 4 5 Edit your ratings Visit the DVD Store Cream - Royal Albert Hall - London May 2-3-5-6 2005 DVD Sign in to turn on 1-Click ordering. A9.com users save 1.57% on Amazon. Learn how . 120 used & new from $4.75 Available for in-store pickup now from: $16.99 Price may vary based on availability Enter your ZIP Code Have one to sell? Back Home Eric Clapton List Price: $18.98 Price: $13.49 & eligible for FREE Super Saver Shipping on orders over $25. See details . You Save: $5.49 (29%) Availability: Usually ships within 24 hours 120 used & new from $4.75 See more product details Best Value Buy Back Home and get American Made World Played at an additional $2 off Amazon.com's everyday low price. Total List Price : $37.96 Buy Together Today: $25.48 You Save : $12.48 Click here for promotion rules Customers who bought this title also bought: Souls Alike ~ Bonnie Raitt A Bigger Bang ~ The Rolling Stones Magic Time ~ Van Morrison Prairie Wind ~ Neil Young 80 ~ B.B. King Chaos and Creation in the Backyard ~ Paul McCartney Wildflower ~ Sheryl Crow Devils & Dust [DualDisc] ~ Bruce Springsteen Explore Similar Items : 20 in Music , 20 in DVD , and 20 in Books What similar items do customers ultimately buy after viewing this item? More than 33% buy CDs from The Bob Dylan Bootleg Series . 26% buy this item(Back Home~ Eric Clapton 12% buy Cost of Living ~ Delbert McClinton 6% buy Hillbilly Deluxe ~ Brooks & Dunn 4% buy All That I Am ~ Santana 4% buy The Word Is Live ~ Yes 2% buy At Carnegie Hall, Vol. 1-4 (Chicago IV) ~ Chicago Explore Similar Items : 9 in Music , 9 in DVD , and 9 in Books Product Details Audio CD (August 30, 2005) Number of Discs: 1 Label: Warner Bros / Wea ASIN: B000A3DFZE Average Customer Review: Based on 114 reviews. Write a review . Amazon.com Sales Rank: Today: #248 in Music Yesterday: #215 in Music Popular in: Osseo, MN(#13) , Coventry, RI(#13) . See more Customers interested in Eric Clapton may also be interested in Sponsored Links ( What's this? ) Feedback Eric Clapton Songs Download Your Favorite Songs 100% Free And Legal! www.GetMusicFree.com Eric Clapton Concert 01/06/06 Ahoy Rotterdam Bestel uw tickets op onze website www.onlineticketshop.nl Listen to Samples To hear a song sample, click on the "Listen ." Visit our audio help page for more information. 1. So Tired Listen Listen 2. Say What You Will Listen Listen 3. Im Going Left Listen Listen 4. Love Dont Love Nobody Listen Listen 5. Revolution Listen Listen 6. Love Comes To Everyone Listen Listen 7. Lost And Found Listen Listen 8. Piece Of My Heart Listen Listen 9. One Day Listen Listen 10. One Track Mind Listen Listen 11. Run Home To Me Listen Listen 12. Back Home Listen Listen Editorial Reviews Amazon.com Back Home is Eric Clapton in a good mood, filled with upbeat toe-tappers about hearth and home (a young child even puts in a cameo on "So Tired"). Blues-rock ("Lost and Found"), reggae ("Revolution"), and R&B (the Spinners' "Love Don't Love Nobody") mingle comfortably with laid-back pop (George Harrison's "Love Comes to Everyone"). Recorded around the same time as Me and Mr. Johnson , his bestselling collection of Robert Johnson songs, Clapton's first recording of (mostly) original material since 2001's Reptile is a combination of solo compositions, covers, and collaborations with writing partner Simon Climie. Backing musicians include John Mayer (guitar), Blind Faith mate Steve Winwood (synthesizer), and longtime associate Billy Preston (keyboards), whose expertise with the Hammond B3 shines brightest on the Vince Gill cowritten "One Day". There are no real surprises on Back Home , just Clapton doing what he does best--with an extra spring in his step. --Kathleen C. Fennessy Album Description Back Home, Eric Clapton's first album of original material in several years, follows this summer's historic and heralded Cream reunion and 2004's gold, Top 10 Me and Mr. Johnson covers disc (and it's audio/video companion, Sessions for Robert J). With Back Home, three-time Rock and Roll Hall of Famer and 16-time Grammy winner Clapton finds his way home with another modern classic. Spotlight Reviews (What's this?) Write an online review and share your thoughts with other customers. 104 of 126 people found the following review helpful: A happy Eric is not Eric... , September 2, 2005 Reviewer: Albert G. Smith Jr. (Daytona Beach, Fl USA)- See all my reviews I am torn here. In the review I posted for the last Mark Knopfler CD, I defended the lower prominence of lead guitar, based on the fact that this is 20-something years later than "Sultans of Swing", and an artist grows, as they should. I tried to apply this same standard to this Clapton album, but it just doesn't work for me. Knopfler might have cut back on the guitar gymnastics, but the tone and subject matter of the songs remain that same Knopfler that made me buy all of those albums. A happy Clapton is not Clapton. I'm glad his life is going well, but this also might prove that art comes from suffering. I am not a casual fan. I have every Clapton release (some on old vinyl), and tracked every vintage of his career. I can throw an old disc on that I have heard a thousand times, and experience it like new every time. I'm afraid "Back Home" will soon be relegated to the back of my CD shelf next to the dusty Pilgrim and Reptile discs. Thanks for the decades of great music Eric, but it looks like the days of buying every new album sight unseen has reached the end. I wanted to like this disc, I really did. 3 stars because this is technically a fine recording. The two missing stars are for the missing desire for me to listen to this disc after the first couple of tries. Was this review helpful to you? ( Report this ) 33 of 37 people found the following review helpful: In a nutshell - pleasant, but unexciting , September 20, 2005 Reviewer: Amanda Richards (Georgetown, Guyana)- See all my reviews It's been about five years since Eric Clapton delivered an album with original material. Of the twelve songs, Clapton has writing credits for five, including the first single "Revolution", a reggae-based song reminiscent of "I Shot the Sheriff", except unlike the latter, this one is a somewhat flat, unexciting track. Boosted by guest appearances, the album mixes reggae, R&B, pop and country. Contributors include George Harrison, who wrote "Love Comes to Everyone"; The Spinners' "Love Don't Love Nobody"; "I'm Going Left" from Stevie Wonder and Syreeta Wright; plus Vince Gill, Steve Winwood and John Mayer among others. Most of the songs can be classified as "easy listening" and can evoke the occasional head bob and hum, but they're all relatively standard songs, with nothing really worth shouting about. An average album, and not one of Clapton's best, something like an Oreo cookie without the good stuff inside. Rated 3.5 stars Amanda Richards, September 21, 2005 Was this review helpful to you? ( Report this ) All Customer Reviews Average Customer Review: Write an online review and share your thoughts with other customers. Middle of the Road , December 29, 2005 Reviewer: John Harwell (Grove City, OH USA)- See all my reviews Eric Clapton's new CD is not Eric Clapton. That's as plain as I can say it. The majority of the cuts are lilting Top-40ish sounding ditties about love and kids and general non-offensive subjects. The few blues sounding cuts have huge organ runs and what sounds like an entire choir backing his vocals. Orchestrated Blues? C'mon. There will probably huge numbers of fans who like this album, but they are NOT Eric Clapton fans. This is purely a generic "hit" album. I am not saying EC should not do happy songs, but I did not buy the CD for this "kinder, gentler" music. I personally want raw guitar and damnable blues. He is too talented for this pop album. Pure middle of the road. Was this review helpful to you? ( Report this ) What's wrong with this album? , December 29, 2005 Reviewer: Andrew Brooks (Carson, California)- See all my reviews After one listen, particularly after the jigging "So Tired," I started liking this album immediately. It's an easy-listening/bluesy album about love, introspection ("Back Home" comes to mind), family, and belonging. I don't understand why people only listen to just Eric Clapton's guitar and not his vocal. The singer's vocal, as well as his/her instrument, is what sets the mood for the song. Just like that saying in "Death of a Salesman," it's not "what you say." It's how you say it. And here, Eric Clapton says it well. He's happy, he's living life to its fullest, and he wants his audience to know it. A person doesn't always have to be depressed in order to make good music. Eric Clapton is one of THEE best musicians that have ever lived, next to Bob Dylan. Give the man a break. :-) Was this review helpful to you? ( Report this ) 1 of 3 people found the following review helpful: quit knockin a great master , December 27, 2005 Reviewer: Patrick Tsushima (San Diego, CA USA)- See all my reviews Clapton has been through more than any other musician alive the only part he may have been beat on is the drugs by say perhaps ozzy but clapton can still talk like a normal person. Anyhow point is this album may not be his classic heavy blues and whiskeyed downtime kind of thing, but for some jack ass to say that a sad clapton is not clapton annoys me enough to waste my damn time writing this stupid review when I could be playing the git fiddle I was juts and will be in just a second laying on my lap. That jackass may not be a casual eric clapton fan but he probably doesn't play guitar otherwise he would know how to critique a guitarist singer, without making himself look like a fool, and yes jackass too. Was this review helpful to you? ( Report this ) 1 of 2 people found the following review helpful: Give him a break, he's happy! , December 23, 2005 Reviewer: C. Lyons (Phoenix, AZ USA)- See all my reviews I have been a fan of Eric Clapton since he was in Cream, and have every one of his CDs. I think that Mr. Clapton has earned the right to let his fans know that he has found love and happiness in his beautiful wife and children. I think he has accomplished that without being untrue to his roots. I for one, and happy that he has found happiness and I am enjoying this toe-tapping CD! Was this review helpful to you? ( Report this ) See all 114 customer reviews... Customers who bought titles by Eric Clapton also bought titles by these artists: Derek & The Dominos John Mayall Cream Allman Brothers Band Jimi Hendrix Explore similar artists So You'd Like To... Stock up on these great things. :by Philipa C. Field , SL Interpreter, shopper, parent Have A Fundamental Eric Clapton Collection :by Mike Vegas King , A Journeyman Fan delete a "so you'd like to?" but can't? lol :by MovedbyMusic , can find loopholes anywhere Listmania! What"s in the CD changer right now :A list by Earl Biringer , Music Listener The Rolling Stones Studio Albums :A list by DEAN M. Dent , Musician Bonnie Raitt: Blue Angel From ... 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Rental Property How much

Selling Your Rental Property Intuit Home Intuit Products Support | Order Status | Shopping Cart Home Online Products Desktop Products Business Tips & Resources Sign In Automatic Renewal My Downloads Tax Tips & Topics Business Taxes Education & Taxes Employment Taxes Family & Taxes Homeowners & Taxes Investments & Taxes Retirement & Estate Taxes Tax Law & the IRS Tax Planning & Savings Tax Prep & Filing E-mail this Print this Selling Your Rental Property How much money am I going to make, after taxes, when I sell my rental property? Are you finally selling your rental property? Was dealing with that last tenant just more than you can stand to go through again? Did you just hear that the vacant land next to your property will be developed into a state college causing your rental property to realize a 10-fold increase in value? Are you approaching retirement and eager to liquidate your investment in order to travel the world, or just relax and take it easy? After finding a buyer and discussing a price, you may wonder what the sale will cost you in taxes and what your after-tax cash flow will be. Before you close the sale, then, you should figure out how much of your proceeds will go to Uncle Sam and how much you will be able to keep. You want to know how much cash you can expect to flow through your hands, after paying fees, costs, and taxes. How can I figure my gain ? Is my gain taxed as ordinary income or capital gain ? How do I report the sale ? What is my after-tax cash flow ? How Can I Figure My Gain? The amount you get for your rental property is the gross sales price. The first step in calculating your taxable gain is to figure out your net sales price. 1. Subtract All Your Selling Costs from the Gross Sales Price. You'll need a copy of your closing or settlement statement at hand to help you identify the costs involved in selling the property. But don't just assume that all costs on your closing statement can be considered selling costs . Pull out any rental expenses. Your closing statement may include items that were prepaid by you, such as property taxes, insurance, or homeowner's association fees. It may also include items that remain unpaid by you as of the sale date, such as rental deposits or property management fees. These items are ordinary and necessary rental expenses that you should report as part of your rental income or loss on Schedule E rather than as part of your property sale. After filtering out the rental items, add up all the selling costs; such as: Commissions on the sale Document recording costs Legal fees related to the sale Survey fees Title fees or costs Transfer fees Now, subtract your total selling costs from your gross sales price. The result is your net sales price. For example, if you have a total selling cost of $25,400, and your gross sales price is $550,000, your net sales price is $524,600. But how much of the net sales price is your profit, or taxable gain? 2. Subtract the Cost of the Property from the Net Sales Price. To figure your profit, or taxable gain on the sale, you need to subtract the cost of the property from the net sales price. But, naturally, adding up all your costs can take a little work. You need to know how much the property has cost you, starting way back when you bought it, and proceeding through the years as you made improvements (costing your more money), or took deductions for depreciation over the years (reducing your cost). The result is called your adjusted basis, because it has been heavily adjusted over the years, and it forms the basis of any calculation of profit or loss. (For more details, see The Tax Aspects of Selling Your Home . Subtract your adjusted basis in the property from the net sales price, to get your taxable gain. Example: Sally owns a rental property that she originally purchased for $320,000 (of which the portion allocable to land is $100,000), and over the years she has taken depreciation deductions of $115,667 for this property. She is considering an offer to sell the property for $450,000. She estimates that the selling costs will include real estate commissions of 6 percent and other costs of 1 percent of the sales price. Sally's net gain on the sale would be $214,167, calculated as follows: Gross sales price $450,000 Less selling costs at 7 percent 31,500 Net sales price $418,500 Less adjusted basis: Cost basis $320,000 Less depreciation allowed 115,667 Adjusted Basis 204,333 Net gain $214,167 Is My Gain Taxed as Ordinary Income or as a Capital Gain? When you sell a property you've owned for more than a year, the gain (the selling price less your selling costs and your adjusted basis in the property) is taxed at capital gains rates, which are lower than the regular income tax rates. The particular capital gains rate that's used depends on several factors. Most capital gains on sales of rental property are taxed at 15 percent but any gains due to depreciation you have already taken are taxed at 25 percent. Ordinary income, on the other hand, can be taxed with rates as high as 35 percent in 2004. Therefore, it's important to understand how much of your gain will be taxed at ordinary income tax rates and how much will be taxed at capital gains rates. Note: The tax rates addressed here are federal taxes rates only. Any state taxes that may also be due are in addition to the federal taxes. For Property Purchased in 1987 or Later If your property was purchased in 1987 or later: all of your gain will be considered capital gain, but there's a catch: while most long-term capital gains are taxed at a maximum rate of 15 percent, any portion of your gain that's attributed to any depreciation taken on your property is taxed at a special maximum rate of 25 percent. This applies to all depreciation taken on the property. (Note: Beginning in 1987, the only kind of depreciation you could take on the property was the straight-line method). Example: Continuing our example in the last section, Sally placed her rental property into service as a rental in 1988. She decided to depreciate her property on the straight-line basis over 27.5 years, so her total depreciation deductions from 1988 through 2003 amounted to $115,667. Of her $214,167 gain, $115,667 would be taxed up to the special 25 percent capital gains rate for depreciation and $98,500 would be taxed at the 15% capital gains tax rate. For Property Purchased Before 1987 If you acquired the property before 1987, the ordinary income portion of a gain on the sale of Section 1250 property consists of any additional depreciation taken on the property. Additional depreciation is accelerated depreciation that goes beyond what the depreciation would have been if it had been calculated using the straight line method. If your property was purchased before 1987 for residential rentals, additional depreciation on property acquired before 1987 is calculated for all years after 1975. For nonresidential rentals, additional depreciation is calculated for all years after 1969. The total additional depreciation (which is taxed at ordinary income tax rates) is deducted from the net gain in order to determine the amount of the gain subject to capital gains rates. This process is what's known as depreciation recapture. Essentially, because you were able to deduct depreciation expenses from ordinary income while you owned your rental property, you now pay the price at the time of sale: part of the gain on your property is taxed at ordinary income tax rates, in this case, your additional depreciation. Example: Joe purchased his rental property in 1985 for $320,000. He depreciated his property on an accelerated basis over 18 years, resulting in total depreciation deductions of $235,000. Had he used the straight-line method to calculate depreciation, his depreciation deduction would have been $229,000. Under the rules applicable to property purchased before 1987, his additional depreciation is $6,000. Assuming he sold his property for $418,500, of his $333,500 gain, $6,000 would be taxed at his ordinary tax rates and $327,500 would be taxed as capital gain. For more information see, FAQ on Capital Gains . Giving a Nod to Section 1231 Rental real estate, held for more than one year, falls under the definition of Internal Revenue Code Section 1231 and is therefore called Section 1231 property . A gain from the sale of section 1231 property can be either ordinary income to you (as a result of additional depreciation recapture if the property was purchased before 1987) or capital gain, or both. Section 1231 gains that are not subject to depreciation recapture (which is ordinary income) are long-term capital gains. Good news: If you have a loss on the sale of Section 1231 property, the loss is an ordinary loss, meaning that it reduces your ordinary income, not your capital gains income. Section 1231 gives you the best of both worlds, because gains are long-term capital gains (after depreciation recapture) and losses are non-capital, or ordinary, losses. How do I Report the Sale? You report the sale of a rental property on IRS form 4797: Sales of Business Property. The gross sales price, cost or other basis plus expenses of sale, depreciation allowed or allowable, adjusted basis, and total gain are all reported on Page 2, Part III, lines 20 through 24. If the property is Section 1250 property (which is just about any rental property), any ordinary income recapture is calculated on line 26. The capital gains portion of your gain is determined by subtracting the additional depreciation from the total gain. These amounts are carried to page 1 of Form 4797, where this capital portion is netted with other Section 1231 transactions. Transfer the net of Section 1231 transactions from page 1 of Form 4797 to Form 1040, Schedule D, Capital Gains and Losses. Put the ordinary income portion of your gain on line 14 of Form 1040, while your net capital gains from Schedule D are carried to line 13a of Form 1040. If your sale results in a loss, the entire loss is carried to line 14 on Form 1040 and is available to offset income from other sources. What is My After-Tax Cash Flow? Now that you have calculated your tax, you can calculate your net cash proceeds from the sale of the property. Enter your net sales price. Subtract any outstanding loan, to get a subtotal. Multiply the net gain (calculated in the previous example) by the capital gain rate of 25 percent on the part of the gain that represents depreciation and 15 percent on the rest of the gain. Subtract that figure from the subtotal, to see your net cash flow. Example: In our example, assume that Sally had decided she would not sell the rental property unless she could wind up with at least $200,000 cash after taxes and loan repayment. Assume she had an outstanding loan of $125,000 and other taxable income in her return. Her capital gains rates are affected by her other income. She calculates her after-tax cash flow as follows: Net sales price $418,500 Less repayment of the outstanding loan 125,000 Subtotal $293,500 Capital gains taxes at up to 25% & 15% $43,692 Net cash flow (before state taxes) $249,808 Based upon the above calculation, Sally would prefer to sell the rental property because her after-tax cash flow meets her requirements. Caution: Different states have different rules for taxing capital gains. Here, we have not considered the state tax impact. But, before making the sale, you should familiarize yourself with the state tax rules. If the property is located in a state other than your state of residence, it may be wise to study the rules of both the state in which the property is located and your state of residence, because both states may be very interested in your gain. For more on capital gains, see FAQ on Capital Gains . 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Real Estate Loan

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Texas Land Survey precisely

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