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If the homeowner has two houses and uses each as a residence for successive periods of time (such as alternating between Florida in the winter and Washington during the rest of the year), the property that the homeowner uses most of the year usually will be considered the principal residence. There are circumstances that would permit you to have two principal residences. For example: In 2001 and 2002, you lived in Washington, but in 2003 and 2004 you lived in Vermont. Each home will be considered your principal residence, but you can claim the exclusion only once every two years. Thus, if you sell the Washington property in 2005, and sell the Vermont property two years and one day after you sold in Washington, as long as you have owned and used each property for the requisite two out of five years before sale, you can take the exclusion on both properties for the year each was sold. _____Real Estate Columns_____ The Nation's Housing Housing Counsel Shaping the City From the Ground Up Note that a cooperative apartment, a mobile home or a boat may also be considered a "principal residence," as long as there is a kitchen, sleeping quarters and bathroom facilities. The operative words are "owned and used." If you are married, the exclusion of gain applies as long as either spouse meets the requirement. Marital status is determined on the date the house is sold. In the event of a divorce in which one spouse is given ownership pursuant to a divorce decree or separation agreement, the use requirement will include any time that the former spouse owned the property before the transfer to the other spouse. The burden of proof will be on you, the homeowner, to demonstrate that a home you sell was your principal residence. How do you prove it? Keep a driver's license that shows your former address. Keep utility bills that could show when you lived in the house. Keep a voter registration card that shows the old address. If you have do not meet the use and occupancy requirements, you may still be eligible for the "reduced maximum exclusion" -- that is, a smaller tax exclusion based on a shorter time in residence. If the reason for selling your house was because of a change in place of employment (if the new job is at least 50 miles farther from your home), health reasons or other unforeseen circumstances, you may still be eligible to exclude part of your gain. If you think any of those conditions apply to you, you or your tax adviser will want to review the IRS's detailed explanations. The reduced exclusion is equal to the number of days of use multiplied by the quotient of $500,000 divided by 730 days. If you do not file a joint tax return, change the $500,000 to $250,000. The result, basically, is that if you qualify for the reduced exclusion, and you lived in the house exactly one year, the maximum amount of your profit that is tax-free would be half what it would have been if you had lived there a full two years. Your home may be your castle, but whether it is also regarded as your principal residence will depend on how carefully you have documented the facts. For a more comprehensive discussion, see IRS Publication 523, Selling Your Home, available free on the IRS Web site, www.irs.gov. Next Saturday: Mortgage interest deductions Benny L. Kass is a Washington lawyer. For a free copy of the booklet "A Guide to Settlement on Your New Home," send a self-addressed stamped envelope to Benny L. Kass, Suite 1100, 1050 17th St. NW, Washington, D.C. 20036. Readers may also send questions to him at that address.

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Outdoor digital signage is the massive growth industry to be in, with the advancement of new technology the solutions are becoming more advanced and unique enabling firms to advertise in regions and to distinct forms of customers for a lower cost than traditional marketing solutions.We have all see the huge electronic marketing billboards at the side of the road, now there is a more affordable solution for outdoor digital signage and this is the flexible video wall.What is a led video wall?Well this is a mass of LED diodes that are cabled together to form an area 1 metre wide x 5 metres long with over 2,200 LED's per 1 square metre segment, what this does is provide a high definition colour (life like), but the results do not stop there, as well as furnishing a major clear photograph or video presentation they also reduce costs.Ok back to the start, these diodes are on a versatile backing, so they can be rolled up or folded, minimising storage space, commonly in the case of music festivals enormous video walls are made from connecting together thin frame monitors, then the image and video is tiled across the tvs using sender and receivers.Fitting a video wall.Generally a flexible video wall at a music concert can take up to 4 hours for 2 men to build, this video wall, can from taking it out of the box to working a test video take up to 1 hour, what a cost saving in man hours. Rather than having to fit the heavy screens to the support structure all you need to do with a flexible video wall is connect the top of the flexible video wall to clamps on the top rig then attach clamps at the sides and bottom, pulling the tensioner straps on the back of the video wall taking up any slack.Storing a video wall.In contrast to the conventional flexible video wall and the issue of storing large flat panel tvs and the mounting frames, a flexible video wall deminishes storage and transportation costs by 76%, owing ability for the product to be stored in a roll or folded up.Now a flexible video wall that is ideal for all weather conditions except snow - but who would want to be out in freezing temperatures watching content?These weatherproof and dust proof solutions are as competitively priced as a normal outdoor digital signage solution with the further benefit that if the neighborhood is to be moved on a regular basis cost savings in labours time as well as storage and transportation costs will prove the flexible video wall as an ideal advertising medium for tradeshows, exhibitions, football stadiums, music concerts, demonstrations and rallies.To recap.It is reported that anyone using a video wall over a common thin frame video wall solution will save 78% on deployment time, will use 76% less space for storage as well as saving 79% on transportation costs. The first investment is around the same as the old technology of the thin bezel video wall but any installer or event organiser can see the opportunities with this product.The writer is an expert in the field of kiosks as well as manufacturing their range of monitor enclosures.
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