Old Money ; Historic District Homeowners Cash in On Federal Tax Break

Summary


James Firkser sees it all from the roof deck of his town house in the District's tony Kalorama neighborhood: Dupont Circle, the monuments on the Mall, the office towers in Arlington.

But Mr. Firkser said the best part of his deck isn't the view; it's that Uncle Sam helped pay for it.

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Extract


Old Money ; Historic District Homeowners Cash in On Federal Tax Break

Well, sort of.

Mr. Firkser, a real estate agent, took advantage of an unusual part of the federal tax code that gives owners of historic homes an income-tax deduction if they agree not to change their prop...

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