D exemption for your fund?

You need to make sure you have an exemption or that things are structured properly in case things go south.

That can help determine a partial exemption for you.

I wonder if I can place my primary home in the LLC and pay rent to it so I can boost income or would that mess up my homestead exemption.

I know that I would lose my homestead exemption, but I would be able to lower my tax liabilities because of depreciation and could show more income from rent proceeds.

IE you need to state with the exempt catagory of lenders: friends, family and associates exemption most states have.

If the money partner is truly passive too you have likely created a security and you will need to find some exemptions or get clearance from an attorney for this too.

src=/program_offices/fair_housing_equal_opp/FHLaws/yourrightsThere are some exemptions for small landlords.

If I sell my house in, say, 3 years, am I still eligible for the $250k exemption?

Read or heard it was changed, or they were thinking of changing it, to a prorated basis where you were to pay according to a proportion of years rented and years lived in.Another question: If someone 1031's a place then is there a time limit the new property needs to be a rental before it can be lived in and converted via 2 year time horizon, into a residence and becoming eligible for tax exemption.