If you don’t live at your home and are staying with someone else who is renting a home so you don’t have a primary residence can you rent your house out the majority of the year through Airbnb and keep a Homestead exemption

I live-in flip because I am exempt from capital gains taxes on my primary residence up to $500k (because I'm married, up to $250k if you're single.)

I am feeling more hopeful. we actually have 3 children so our exemptions are even more thankfully. it was on honest mistake, we didn't realize having my name on my mum's house, and then selling all needed to be on the tax return. we came here from england where it's a totally different system!

Built-in Roth components, spousal contributions, and an additional tax exemption also apply to the Solo 401k.

I've been trying to research Ontarios capital gains taxes and it sounds like as long as I live in it during the calendar year as my primary residence I'd be exempt from the tax, so long as it isn't a pattern and the CRA can't say that it was done for income reasons.

All other STRs will require a homestead exemption in place, meaning an owner lives on the premises.Commercial real estate is much harder to get in to and the capital required is much larger.

Any assessed value above the agricultural assessment is exempt from real property taxation. “ tells me nothing.

Flipping is a business, and when a tax-exempt entity engages in a business on a regular or repeated basis, then taxation known as UBIT applies. 

That is normally a requirement only for pass-through entities.You may also want to see if the state also has a non-resident withholding exemption certificate available.

If it’s bought within an IRA your exempt (please confirm that with YOUR attorney).The cost for the license is around $1,000 but you also need a $250,000 bond which runs around $2500.I know of people who ignored it and some got away with it and others didn’t and got a hefty fine.