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Updated about 5 years ago on . Most recent reply

Tyler D.'s profile image
Tyler D.'s profile image
Tyler D.
  • Member since May 17, 2019
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219
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Tyler D.'s profile image
Tyler D.'s profile image
Tyler D.
  • Member since May 17, 2019
Connect
Tyler D.
99
Votes |
219
Posts
Tax, SDIRAs & Cost Segregation

What is a "homestead" residence?

Tyler D.
Posted

I'm looking to optimize my tax situation, as many states offer tax breaks for "homestead" residences.

However, I have yet to see a formal definition of what a homestead actually is.

To qualify as a homestead, do you need to live in the property for a certain number of days, or some other requirement?

Is it possible to have multiple homesteads?

The world needs to know.

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