If so, the only way I've seen an exemption accomplished is to file for a withholding certificate from the IRS using Form 8288-B.

Exemptions on Capital Gains Tax.

There is an exemption for capital gain from the sale of the primary residence if he lives and owns the Property for 2 years before he sells.

It sounds like you don't live in the property - when you moved out you should have lost your homestead exemption. 

Hi, I'm trying to figure out what to do with the homestead exemption and how it applies to my situation.

I have a lot of disability that is exempt from taxes.

That in itself ought to give a person reason for pause, because just because one set of laws says ok, that doesn't mean you can't be punished under another set of laws (think about the drug laws on the state and federal levels for example).There are two exemptions for which New Jersey allows a broker to perform an appraisal (BPO).

1) Standard deduction and personal exemption combined and seems like everyone is getting more... so its a wash IMHO.2) Less deductions for those who don't have a business like real estate investments.

Exemptions, limitations and prohibitions.

Can anyone help me understand if there is a time/ way that rental income is exempt from being claimed on taxes?