Eastern Plumas/Sierra Counties January 2021 Newsletter

Page 1

NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Davis Lake Catch - December 2020 Photos courtesy of Jessica Estes Fisherwoman Extraordinaire!

Contents Portola Office & HAPPY NEW YEAR! Sales Statistic Reports

Pg. 2 3-5

Synergy Home Mortgage Corner

6

Dickson COVID 19 Statement

7

Home Selling/Buying during Pandemic

8-9

Home Workspaces; Value & Tax Deductions

10-11

Snow Day Driving Survival Guide

12-13

Winter Fishing Report Plumas County

14-15

January Calendar

16

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

The Dickson Realty Portola Team is always available to provide excellent and dedicated client service whether you are considering buying or selling a home. Our team of seasoned professionals, all REALTORS®, possess the most current and comprehensive market information and, combined with their knowledge and experience, they are uniquely qualified to be expert guides in your real estate venture. Call, e-mail, visit our office, or access us on the web. We are here for you 24/7. Office Phone: 530-832-1700 Email: portolainfo@dicksonrealty.com Web: www.Dicksonrealty.com

Hope smiles from the threshold of the year to come, Whispering, “It will be happier” ~Alfred Lord Tennyson~

“I can no other answer make but thanks and thanks.” ~William Shakespeare~

ISM pass O , r R HE to su r cost E U TR e urge ateve rve th t wh o se t o a t Is n thers urge at t e o All ut th thers e cos B o r th e v ate Wh

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn. The report provided shows the monthly statistics for November 2019 thru November 2020 for Median Sales Price, Lowest/highest sales, Number of units sold and the Average Days on Market The sales shown are for Single Family Residential Condominiums and Townhouses in each of the market areas. (Time share and/or shared ownership are not included in the statistics presented.) The data source is the Plumas Multiple Listing Service with data pulled on December 12, 2020

OVERALL MARKET

MEDIAN SALES PRICE

LOWEST SALE

NOVEMBER 2019

$

311,500 $

December

$

January

$

February

HIGHEST SALE

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

144,500 $

700,000

14

162

238,360 $

45,000 $

750,000

20

171

179,000 $

150,000 $

285,000

7

153

$

306,000 $

55,000 $

675,000

14

236

March

$

265,000 $

150,000 $

550,000

9

130

April

$

193,750 $

66,000 $

600,000

16

145

May

$

260,000 $

28,000 $

580,000

11

206

June

$

315,000 $

80,000 $

567,500

21

154

July

$

299,000 $

98,000 $

875,000

28

289

August

$

325,000 $

148,000 $

1,125,000

35

278

September

$

365,000 $

110,000 $

1,125,000

38

154

October

$

355,500 $

140,000 $

1,100,000

36

226

NOVEMBER 2020

$

307,500 $

115,000 $

1,275,000

24

158

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

GOLF COURSE COMMUNITIES

MEDIAN SALES PRICE

LOWEST SALE

HIGHEST SALE

NOVEMBER 2019

$

581,250 $

462,500 $

700,000

2

469

December

$

750,000 $

750,000 $

750,000

2

283

January

$

-

-

0

0

February

$

425,000 $

425,000 $

425,000

1

519

March

$

339,000 $

339,000 $

339,000

1

29

April

$

-

-

May

$

562,000 $

562,000 $

June

$

546,250 $

July

$

700,000 $

August

$

September October NOVEMBER 2020

$

$

$

$

-

-

0

0

562,000

1

119

525,000 $

567,500

2

226

300,000 $

875,000

5

892

538,750 $

435,000 $

1,125,000

4

180

$

691,210 $

395,000 $

1,125,000

8

121

$

554,000 $

392,500 $

1,100,000

11

212

$

572,000 $

327,000 $

1,275,000

5

179

Dickson Realty is dedicated to helping you keep a pulse on the local market and real estate related information by providing the latest news, trends, and issues affecting the area’s real estate market.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn. PORTOLA

MEDIAN SALES PRICE

LOWEST SALE

HIGHEST SALE

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

NOVEMBER 2019

$

270,250 $

144,500 $

443,000

4

112

December

$

155,000 $

45,000 $

236,700

7

178

January

$

165,000 $

150,000 $

285,000

5

143

February

$

73,200 $

55,000 $

328,000

5

214

March

$

200,000 $

150,000 $

265,000

3

88

April

$

165,000 $

66,500 $

238,500

7

136

May

$

155,000 $

28,000 $

260,000

5

156

June

$

191,250 $

80,000 $

368,000

6

55

July

$

254,000 $

98,000 $

320,000

9

154

August

$

252,600 $

148,000 $

775,000

8

666

September

$

180,000 $

119,000 $

290,000

7

218

October

$

224,500 $

140,000 $

362,000

10

191

NOVEMBER 2020

$

179,500 $

120,000 $

525,000

7

181

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

GRAEAGLEBLAIRSDEN

MEDIAN SALES PRICE

LOWEST SALE

HIGHEST SALE

NOVEMBER 2019

$

311,500 $

243,500 $

535,000

6

72

December

$

253,500 $

45,000 $

378,000

8

148

January

$

270,000 $

270,000 $

270,000

1

305

February

$

318,000 $

265,000 $

675,000

7

216

March

$

275,000 $

220,000 $

335,000

3

137

April

$

250,000 $

66,000 $

319,000

5

95

May

$

272,000 $

210,000 $

580,000

3

291

June

$

318,000 $

250,000 $

490,000

9

154

July

$

301,000 $

185,000 $

600,000

10

178

August

$

345,950 $

175,000 $

995,000

18

184

September

$

332,500 $

140,000 $

825,000

14

141

October

$

315,500 $

165,000 $

939,000

12

266

NOVEMBER 2020

$

356,000 $

235,000 $

585,000

9

144

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

LOYALTON

MEDIAN SALES PRICE

LOWEST SALE

HIGHEST SALE

NOVEMBER 2019

$

167,500 $

167,500 $

1

382

December

$

-

$

-

$

-

0

0

January

$

-

$

-

$

-

0

0

February

$

-

$

-

$

-

0

0

March

$

-

$

-

$

-

0

0

April

$

254,500 $

2

114

May

$

-

0

0

June

$

472,500 $

400,000 $

545,000

2

499

July

$

238,000 $

205,000 $

350,000

3

136

August

$

270,000 $

270,000 $

270,000

1

48

September

$

285,000 $

110,000 $

435,000

4

113

October

$

375,000 $

375,000 $

375,000

1

71

NOVEMBER 2020

$

181,000 $

115,000 $

247,000

2

128

$

204,000 $ -

$

167,500

305,000 -

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn. BECKWOURTH

MEDIAN SALES PRICE

LOWEST SALE -

$

-

December

$

685,000 $

685,000 $

January

$

-

-

February

$

325,000 $

325,000 $

March

$

550,000 $

550,000 $

April

$

-

-

May

$

479,000 $

479,000 $

June

$

-

$

-

$

July

$

-

$

-

$

August

$

485,000 $

390,000 $

September

$

-

$

-

$

-

October

$

-

$

-

$

NOVEMBER 2020

$

-

$

-

$

$

$

MEDIAN SALES PRICE

$

RESIDENTIAL SOLD

NOVEMBER 2019

CHILCOOT

$

HIGHEST SALE -

0

0

1

142

0

0

325,000

1

198

550,000

1

261

685,000

$

-

$

LOWEST SALE

AVG. DAYS ON MARKET

-

0

0

1

223

-

0

0

-

0

0

2

78

0

0

-

0

0

-

0

0

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

479,000

580,000

HIGHEST SALE

NOVEMBER 2019

$

350,000 $

350,000 $

350,000

1

67

December

$

215,000 $

215,000 $

215,000

1

43

January

$

229,000 $

229,000 $

229,000

1

50

February

$

-

-

March

$

180,000 $

180,000 $

April

$

-

$

-

$

May

$

-

$

-

$

June

$

223,950 $

200,000 $

July

$

-

$

-

$

-

August

$

-

$

-

$

-

0

0

September

$

325,000 $

2

78

October

$

-

NOVEMBER 2020

$

315,000 $

CLIO

$

$

MEDIAN SALES PRICE

$

250,000 $ -

$

315,000 $

LOWEST SALE $

0

0

1

211

-

0

0

-

0

0

2

36

0

0

180,000

247,900

400,000 315,000

HIGHEST SALE

NOVEMBER 2019

$

-

December

$

549,000 $

549,000 $

January

$

-

$

-

$

February

$

-

$

-

$

March

$

-

$

-

$

April

$

445,850 $

291,700 $

May

$

345,000 $

345,000 $

June

$

-

-

July

$

755,000 $

755,000 $

August

$

282,500 $

September

$

785,000 $

October

$

NOVEMBER 2020

$

$

-

-

$

0

1

88

RESIDENTIAL SOLD

AVG. DAYS ON MARKET

0

0

1

243

-

0

0

-

0

0

-

0

0

600,000

2

331

345,000

1

274

549,000

0

0

755,000

1

69

240,000 $

325,000

2

95

500,000 $

850,000

3

256

484,500 $

349,000 $

620,000

2

318

-

-

0

0

$

$

-

0

$

-

-

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Everyone’s health and well-being matters to us These are challenging and unprecedented times, but even during uncertainty, people will continue to buy and sell real estate for many reasons. We want to assure you of our continued efforts to meet all COVID 19 compliance directives and will continue to do so as long as is necessary. The health and well-being of our clients, agents, employees and community is of the utmost importance to us. We take the continued coronavirus outbreak very seriously and we continue to take steps to ensure that we, as an organization, are as prepared, organized and proactive as possible. Here are some of the things we have initiated and adhere to with the goal to keep our team, our clients and our community safe. We will continue to enhance these actions as we learn more. ●

● ● ●

● ● ● ● ● ●

We are verbally screening every buyer and renter who wants to see a home. This means asking every buyer and renter questions about where they have been, if they have been exposed to anyone who has been exposed to the coronavirus, and if they have anyone who is at high risk at home or in their care. We are asking our sellers these same questions. We respect MASKS AS MANDATORY and SOCIAL DISTANCING to be practiced in every setting. We are utilizing the latest technology to make searching and showing property easy and safe. While we love to see our clients and customers in person, in today’s environment, we understand that buyers and sellers may prefer to do their transactions and showings remotely, which is why we want to highlight a few of the alternatives we offer: - Virtual Showings - Online 3D Virtual Tours - Detailed Property Video Tours - Online Document Signing - Online Transaction Management - Closings via Conferencing We will be posting signage at our listing clients’ homes asking all parties to respect each space they view. This will include instructions asking guests to refrain from touching countertops, door handles, appliances, lighting and using restrooms. We are recommending our agents and clients do not hold Open Houses at this time. We are recommending our sellers wipe down all hard surfaces and handles after every showing. We are always available by phone or email. Contact information for all of our REALTORS is available on our website, dicksonrealty.com. We have coordinated with local title companies and entities and are continuing as usual with modified procedures including e-signing, mobile notaries and limiting those meetings that need to meet in person. If you choose not to buy or sell immediately, we will be here when it is the right time for you. As REALTORS, we are also concerned about our families, especially those who are caregivers for elderly family members. We have modified our normal business operations as follows: - Our REALTORS are mobile and are working from home most of the day. - Our office manager/transaction coordinator is working remotely as well. We are blessed to be living in such a technological world that allows for business to be conducted as usual without a specific physical location. - We are holding all meetings and training sessions using virtual meeting software. - We are practicing social distancing in all our offices. We know this is going to be a hard time for our local small business owners. We will post ways we can all support each other on our blog and social media. Please feel free to share any ideas or needs you might see in our community. We are blessed to live in a community where people are supportive and caring of each other. Dickson Portola Team

289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Home Buying and Selling During the Pandemic: What You Need to Know

Technology and good-old-fashioned creativity are helping agents, buyers, and sellers abide by COVID19 health and safety practices while getting deals done. Some buyers are touring houses virtually. Others visit in person while remaining at least six feet from their agent. Sellers are hosting open houses on Facebook Live. Appraisers are doing drive-by valuations. Buyers are watching inspections via video call. Masked and gloved notaries are getting signatures on doorsteps. Here’s what home buying and selling during the pandemic looks like. Showings Go Virtual The rules around in-person showings vary by city, county, and state. Some allow them and some ban them. Check with your state, county, and local government to get the latest on business closures and shut-down rules. Agents have conducted home tours via FaceTime and other similar tools for years. But these platforms have proven invaluable for home buying and selling during the pandemic. Real estate sites report a surge in the creation of 3D home tours. In places where in-person showings are allowed, agents wipe down door handles, spray the lockbox with disinfectant, and open up the house, closets, everything for a client. Tip: Leave all the lights on so no one touches switches, don’t touch cabinets or doors during showings. Safe-Showing Guidelines The NATIONAL ASSOCIATION OF REALTORS®, which produces House Logic, recommends only one buyer enter a home at a time, with 6 feet between each guest. NAR also recommends agents have potential buyers wash their hands, or use hand sanitizer when they come in the door. They should also remove their shoes. No children should be present at showings, either.

Desktop, Drive-By Appraisals Appraisers are essential workers in many areas, so home valuations are continuing. But often remotely. New, temporary rules from the Federal Housing Finance Authority allow drive-by and desktop appraisals for loans backed by the federal government. In a desktop appraisal, the appraiser comes up with a home estimate based on tax records and multiple listing service information, without an in-person visit. For a drive-by, the appraiser only looks at the home's exterior, in combination with a desktop appraisal. The Appraisal Foundation has put out guidelines for handling appraisals during the pandemic. On the other hand, some private lenders still require in-person appraisals, which are allowed even in areas with shutdown orders. Private lenders hold about 35% of first-lien mortgages, according to the Urban Institute When appraisers come to your home, they should adhere to Centers for Disease Control guidelines, including wearing gloves and a face mask, keeping at least 6 feet apart from anyone in the home, and asking if the homeowners have been sick or traveled recently to a COVID-19 hotspot. Inspections Via Live Video Inspectors are now often working alone, no buyers in tow, and using hand sanitizer and alcohol wipes. The National Association of Certified Home Inspectors advises inspectors to videotape their inspection so clients can watch it at home later, or to use FaceTime or other live video chat apps to take their clients along on the inspection, virtually. They can also call clients with their findings after they’re done. The American Society of Home Inspectors has also issued guidelines for inspectors so they keep themselves and the homeowners safe while providing an accurate assessment of a home's condition.

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn. Mortgage Rates and Locks With mortgage rates fluctuating quickly and closing times taking longer than usual, some lenders are extending mortgage rate lock periods. You can grab a good rate and hang on to it even if your lender takes longer than usual to process your loan. But the protocol depends on the lender and the loan. Some lenders are offering this for all loans; others for refinances. Check with your lender about its policy.

Employment Verification An important step in getting a mortgage is proving the borrower has a job. In pre-coronavirus days, lenders called the borrower’s employer for a verbal verification. The Federal Housing Finance Authority, which oversees Fannie Mae, Freddie Mac, and federal home loan banks, has relaxed the rules for loans backed by the federal government because so many businesses are closed. Lenders for federally backed loans now accept an email from an employer, a recent year-to-date paystub, or a bank statement showing a recent payroll deposit as proof of employment.

And, of course, when the buyers take possession, they should disinfect.

Remote Notarization Depends On Where You Live About one-half of states have permanent remote online notarization (RON) policies. These allow a notary and signer in different locations to sign electronic document, usually by use of video apps like Zoom or FaceTime. Notaries will watch you sign either a paper document or do an electronic signature on an e-doc, via camera. Some states have rolled out temporary rules allowing RON. The number of states allowing remote notarization could grow as federal and state pandemic legislation expands. Closings Get Creative Traditional closings, where everybody gathered around a big table to sign the final papers, are no longer possible. Title companies and banks are getting super creative in dealing with the limitations. Then there are drive-by closings, where the entire transaction takes place in cars. Masked and gloved notaries meet buyers in parking lots and pass documents through car windows. Tip: Find out if your county recording office can complete the deal online. So, Should You Buy or Sell?

Walk-throughs Home buying and selling during the pandemic means real estate agents can conduct the final walk-through via video with their clients. Or they can just open the home and have buyers walk through on their own.

The real estate industry is creatively and safely responding to the situation, and mortgage rates remain low. Your agent is a great source of information about home buying and selling during the pandemic to help you feel comfortable. But, ultimately, it's a question only you can answer!

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Do dedicated at-home workspaces increase property value?

There's little doubt 2020 has ushered in some major shifts throughout the world. The rise in working from home (WFH) has been one such big change that has impacted countless people. With thousands of people now working from the comfort of their own home, lots of homeowners are looking for ways to create a good working environment. In many instances, people are redesigning their homes to make space for desks, larger IT networks and more ergonomic or conducive work ecosystems. Those with more resources have gone so far as to remodel their houses to incorporate more efficient workspaces. In some cases, developers and builders are also now designing new homes with remote work in mind. But the question for many homeowners is: Does this trend make homes more valuable or attractive to buyers? The answer, it turns out, is yes. A realtor.comÂŽ survey from Sept. 2020, found that houses listed with a home office average a 3.4% higher price premium and sit on the market for nine days less than those listings lacking one. Further, 63% of respondents said they plan on buying a new home that can accommodate a WFH option. Will the WFH trend last? One factor to keep in mind involves how long the work-from-home trend will last. If next year the vast majority of employees went back to work in an office, the appeal might not be the same. However, the rise in the remote workforce was already on the rise before the pandemic shifted an even larger percentage of employees into a workfrom-home situation.

Stanford Institute for Economic Policy Research reported that 42% of the U.S. labor force now works full-time from home, with only 26% of employees working on-premise at a business, mostly essential service workers. This isn't a recent trend either. The remote work in the U.S. has risen by 173% between 2005 and 2018. The realtor.comÂŽ survey found that 52% of respondents prefer working remotely, with this preference holding across demographic characteristics. With many business owners noticing a productivity increase amongst workers, and a decrease in travel costs, the trend seems like it might remain a popular option even in a post-pandemic workingfrom-home economy. Should you add a home office? Although the signs point to a slight increase in home value and a larger number of homebuyers seeking out properties with home offices, it might be too soon to say where the higher value will offset remodeling and construction costs. For now, already having the extra space for a home office is boosting properties' marketability, but building an entire addition onto a home might not fully recoup the extra costs. Market analysts still need more data to make this determination. However, a home office can still be a great option for homeowners who plan to continue working from home even once the economy opens back up. This can be especially helpful for remote workers who need more privacy and calm within a chaotic household. Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Home Office Tax Deduction: 2 Very Different Ways to Claim It One way lets you deduct home office expenses easily; the other is harder, but might mean a bigger deduction.

If you're self-employed and work from home, you may be able to save some bucks at tax time by using the home office tax deduction. You have two choices on how to claim it, and those choices depend on your preference for time savings or money savings. Home Office Deductions: Choose the Simple or Complicated Way 1. The complicated way. Fill out IRS Form 8829 — all 44 lines of it. Figure the proportion of your home's overall space devoted to your office and then calculate how much of your overall home expenses went toward your home office. Lots of math happening here. An example: If your home office takes up 300 square feet in a 3,000square foot house, you're using 10% of your home for your work. So, you can take 10% of costs like utilities, homeowners insurance, homeowners association fees, security, and general repairs and maintenance.

Pro Tip: Not sure how big your house is? Check the documents you got when you bought your home — there's probably a detailed rendering. Or measure it. Or check your property tax bill. 2. The simplified way. Take $5 multiplied by your home office's square footage up to 300 square feet or $1,500 maximum deduction and, boom, you're done. You won't have to keep track of your actual expenses. Very little math happening here. If you take the simpler math option, you may not be able to deduct as much as you can with the regular method. You can't depreciate your home office, for example. So consider the value of your time against potential tax savings if you believe you're eligible for more than the $1,500 cap. Here are some other things you need to know. A room or defined area of your home you use just for business. It can't double as your craft room or home gym. Also, that space must be your principal place of business, or the place where you see customers. Pro Tip: If you use your home as the sole location of your business and store your inventory there, the place where you store your products does not have to be just for business. Let's say you run a business selling jewelry from a room in your basement. If you store your jewelry inventory in another part of the basement that is separate and identifiable, you can deduct that space even if you use the rest of the basement as a man cave, home gym, or guest room.

Home Deductions When You Travel for Work You don't have to do all your work from home to take the home office deduction. If you're a freelance journalist, you probably spend a lot of time outside of your office interviewing people. As long as your home office is essential to your business, and you spend substantial time there, doing your writing or other work, you're good. Use Your Separate Structures for Home Deductions Separate structures on your property, like a detached garage you've converted to an office or studio, are eligible for the home office deduction. Unlike an office inside your home, a separate structure doesn't have to be your main place of business to qualify for a deduction. Home Office Deductions for In-Home Care Providers Why, yes. We're glad you asked. If you provide in-home daycare services for children, the elderly, or disabled persons as a licensed or authorized business, you don't have to use the space exclusively for the daycare business to take the home office deduction. You calculate your deduction by dividing the number of hours you used your home workspace to provide daycare services during the year by the total number of hours during the year. For example, if you do daycare 40 hours a week for 50 weeks a year, that's 2,000 hours a year, divided by the 8,760 hours in a regular year equals 22.8%. So you could take 22.8% of the ($1,500 maximum deduction — $5 per square foot times 300 square feet maximum) simplified deduction for your daycare workspace.

Home Deductions for Remote Employees Although freelancers can realize tax benefits, full-time remote employees who use their home exclusively and regularly for business can't. The benefit for remote workers was excised in the Tax Code revamp enacted by Congress in late 2017. Home Office Deduction: Don't Forget Depreciation Depreciation is based on the idea that everything — even a home — wears out eventually. Here's how to figure out home office depreciation: 1. 2. 3. 4. For example:

• • • • •

Add the home's purchase price to the cost of improvements. Subtract the value of the land it sits on. Multiply that cost basis by the percentage of your home used for work. This gives you the tax basis for your home office. Divide by 39 years (this is the standard number required by the tax law.) Purchase price: $100,000 Value of land: $25,000 Cost basis: $75,000, plus cost of improvements you’ve made Tax basis: $75,000 x 10% = $7,500 Depreciation deduction: $7,500/39 years*

For a crash course on depreciation, tax to a tax pro or read IRS Publication 946. If you opt for reading the IRS pub, make a large pot of coffee. Pro Tip: Depreciation deductions on your home office may increase the amount of profit on a home sale that's subject to taxes. Most taxpayers don't owe income tax on up to $250,000 of profit if you're a single filer, $500,000 for joint filers. Talk to a tax professional on how depreciation deductions affect your tax liability when you sell. Courtesy HouseLogic, brought to you by REALTORS®

Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

Even the slightest bit of ice on the roads can make for treacherous driving conditions. It's always best to avoid the roads in these conditions, but here are five tips to keep you safe on the road if you need to go out for that bread and milk during this weekend's winter weather.

Be prepared: Clear ice and snow off the car before you start driving. Snow left on top of the car can slide off and obstruct your vision and that of those around you. Stock the car with blankets, food and water. Don't forget your phone.

Charging your phone: Yes, the car is a great place to charge your phone if there's a power outage in your home. But when doing so, don't run your car in a closed garage, and make sure your tailpipe is clear of any snow or ice to avoid carbon monoxide poisoning. Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

How to take a hill: Get some momentum before you start up a hill, and let it carry you to the top. Avoid hitting the gas pedal on the way up because it can cause your wheels to spin. Once you're at the top, reduce your speed and descend slowly.

Skid recovery: If your car starts to skid, steer it in the direction you want the car to go. Avoid slamming or pumping the brake pedal.

Getting stuck: Stay with the vehicle and don't walk outside in severe weather. Keep the dome light on, because it uses a small amount of electricity and attach brightly colored cloth to the window. Conserve gas by turning the engine on only periodically Dickson Portola Team to warm the car. Again, make sure the tailpipe is clear of snow. 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

REPRINT APPROVED BY AND COURTESY OF PLUMAS NEWS

Lake Almanor presents silent beauty and perfect serenity Nov. 29. Photo by John Crotty

Winter fishing at Almanor and Davis December 1, 2020 Editor

Compiled by Mari Erin Roth sports@plumasnews.com Lake Almanor Almanor Fishing Association relayed details on the lake via John Crotty, as always, many thanks. Our first significant storm of the season dropped over two inches of snow/rain mix before Thanksgiving; the snow is all but gone at lake level. Snow remains at higher elevations and Lassen has a good base of snow for the first time in months. With most of the rain soaked into parched ground, creeks and streams there remains little impact; lake level rose ever so slightly to 4477.76’. Clarity remains unchanged at 5-8’. Numerous navigational hazards continue to exist and boaters should be advised to exercise caution while motoring. As of Nov. 29, there have been no significant changes to weather or water levels since the storm and conditions are expected to remain the same for at least the next seven days. Morning temps are around 20 degrees with daytime temps approaching 50. Lake level rose up fractionally, water temp is around the mid-40s. Fishing remains good with quality fish caught throughout the lake. Slow trolling gulps and Arctic Fox Trolling flies produced fish along the west side of the Peninsula with 10-15’ the preferred depth working for Crotty before Thanksgiving. Hardware also produced fish. When fast trolling, Crotty suggests always having at least one red/gold on. “I also like red dot frog, cop car, smelt and brown trout patterns,” said Crotty. Fish continue to chase pond smelt, the smelt have moved offshore as have the fish. “The fish have moved out of the shallow areas into the deeper water as have the large schools of pond smelt.” Fish have migrated to the south end of the lake as well as is typical for this time of year. “Nov. 28 we started fishing at the dam, moved to flag island, moved to Rec #2 and finally found some bait and fish on the East Shore where we picked up a half dozen fish,” said Crotty. “We caught our fish slow trolling gulps at one mph with 15-20’ deep on the wire the best depth.” Fish are scattered and moving daily. Crotty Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

suggested fishermen start out fast trolling hardware until bait or fish are found. Then, if the fish won’t take your offering slow down and mix up baits. “The fish are in great shape and fight hard,” said Crotty. There has been an increase in bank and fly fishermen with the fly guys out producing the bank fishermen. Bank fishing the coves will produce fish, however, the bite is far from “red-hot” and most fish caught are smaller with reports of a few larger fish in the mix. The bite in the coves around the dam has been inconsistent and mature fish have not yet been spotted. Hamilton Branch remains a fisherman’s best option from shore. The forecast is for clear sunny skies over the next week with morning temps around the twenty degree mark and daytime highs in the high 40s. Temps drop quickly when the sun goes down. “Roads are clear; they can be icy in the mornings,” cautioned Crotty. Canyon Dam boat ramp is open. Plumas County has joined most other counties in California and we are currently under the purple (COVID) tier. Further information is available on the Plumas County website. “Drive safe and dress warm if coming to Plumas County,” said Crotty. As a side note, Almanor Fishing Association invites reader and fisherman support. There are projects folks may not realize are sponsored by the AFA volunteers. “AFA has the longest running, most successful, fish pen program in the state,” said Crotty. “We currently have 60,000 fish (50,000 rainbows, 10,000 Browns) in our pens and our dedicated volunteers are feeding 80 pounds of food a day regardless of the weather.” The group welcomes new members and begin its 2021 membership drive soon. Interested persons may find information online or join at Almanorfishingassociation.org. Their mailing address is Almanor Fishing Association PO BOX 1938, Chester, CA 96020. “Thank you for your support,” said Crotty.

Winter has arrived at Lake Davis Nov. 18. J&J Grizzly Store remains open as ice begins to form on the lake. Photo by Jeanne Graham Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


NEWS YOU CAN USE JANUARY 2021 MARKET NEWSLETTER EASTERN PLUMAS & SIERRA COUNTIES Beckwourth, Chilcoot, Clio, Graeagle-Blairsden, Loyalton, Portola & Golf Course Communities of Whitehawk, Grizzly & Gold Mtn.

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Inauguration Day 2021 January 20, 2021 in the USA The inauguration of the president of the United States takes place on January 20, 2021. The only inauguration element mandated by the United States Constitution is that the president make an oath or affirmation before that person can "enter on the Execution" of the office of the presidency. However, over the years, various traditions have arisen that have expanded the inauguration from a simple oath-taking ceremony to a day-long event, including parades, speeches, and balls. In addition to the public, the attendees at the ceremony generally include Members of Congress, Supreme Court justices, high-ranking military officers, former presidents, living Medal of Honor recipients, and other dignitaries. The text "Inauguration Day" has been taken from www.cute-calendar.com Dickson Portola Team 289 Commercial Street | Portola, CA 96122 | 530.832.1700


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