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c INDEX <br /> M ; Kenneth Harney Page H3 .""' '., <br /> .. w 'Calendar Page H2 7 <br /> Satrrday4 - `�' Help lines Page H13 . . <br /> u H � fi <br /> Home plan Page H11 <br /> APRIL i0, 1999 SECTION .• '{ <br /> Real estate transactions Page H14,; <br /> f Rental news Page H29. <br /> Star x e r , (1/5) <br /> Inside <br /> Used for generations of classes, many old schoolhouses <br /> ....... ...... .., <br /> were abandoned and later torn down. But some still stand : schoolhouse condos ; <br /> The Bremer Intermediate : x. <br /> and have been renovated as private residences. 1 School is one of many school- <br /> t' houses that have been converted `+ <br /> :to housing.The north Minneapolis <br /> �_building was renovated into con <br /> dominiums that showcase some of <br /> _ the design elements of a school <br /> f built more than a century ago <br /> Turn to Spotlight on,H7.: <br /> I <br /> nclrrte ta. t ► <br /> b x .. . <br /> ._ r <br /> 1999 deductions <br /> Homeowners ould a of <br /> should mak note <br /> w _ of expenses that they couldn't de- <br /> n duet fully on their 1998 income tax <br /> return but that may be deductible <br /> next tax season. <br /> 4. <br /> e on <br /> . ; For example,if you're eligible <br /> for home-office deductions,place <br /> a note in your 1999 tax file of <br /> ±, home-office expenses that couldn't <br /> be deducted on your 1998 return <br /> because they exceeded income <br /> Schoolhouse conversions ring new life into Old buildings from your business.Those excess <br /> expenses can be carried forward to <br /> your 1999 tax return. <br /> If you refinanced your mortgage <br /> in recent years,make note of any <br /> "points"that will be eligible for a <br /> deduction on your 1999 tax return. <br /> ti Rental property owners should <br /> note losses they couldn't write off <br /> because of the annual limitation <br /> on deductible losses.Losses in ex- <br /> cess of the limits can be carried <br /> forward and deducted in future <br /> 4 :.,years. <br /> Gary Mott <br /> �' National Newspittper Syndicate <br /> Eye on the numbers , <br /> .Y♦aa♦Kfi..Yh.ia. ♦ .♦T• ♦ fi.t • a3 .. <br /> ` Mortgage rates <br /> Average interest rate offered by 15 to 20 Twin <br /> Cities area lenders for the last 8 weeks. <br /> 30-year fixed <br /> I 15-year fixed !, <br /> I � <br /> -year ARM <br /> VV <br /> 5 <br /> Source.HSH Associates of Butler,NJ. <br /> Renters' report . . . Page H29 <br /> Average rent for Average vacancy for <br /> i the Twin Cities the Twin Cities <br /> $670 3% ° <br /> r <br /> $656 <br /> $650 2% 1.8% <br /> 1 <br /> $630 1 <br /> Star 7r�une�iotos by Richard Sennott $627 <br /> The Stubbs Bay schoolhouse in Orono held classes for nearly a half a century,but it had seen better days before its recent renovation. $610 of <br /> The entry lights,shown in detail in top photo,guide the way into the former school,which sits on a lot overlooking Lake Minnetonka. area 6/98 9/98 12/98 3/98 8/98 9/98 12/98 <br /> - Source:Apartment Search Profiles <br />