My CPA is saying that because I rented out 80% of my Primary Residence that I lived in for the last 3 years, that it doesn't qualify for the capital gains tax exemption.

Yeah the homestead exemptions would fall off but it would be a normal increase and value and rate according to what the county approved.

Not only will you lose your property tax exemption, but you may need to secure LTR tenants.

Gurus are not exempt. accountable isn't a guarantee....

This exemption can be used every two years.A great wealth-building strategy is to House Hack every two years, live in each house for at least two years, and then sell older House Hacks before the 5-year mark.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

I've had to deal with opposing parties of similar ilk - stand your ground.Having this "Captains" name in public record for what will soon be a losing court record is "shaming" enough so if it were me I'd likely not pursue social media shaming lest you risk more legal issues via his retaliation most likely based upon alleged libel/slander.FYI:Apparently, retired military member's pay is exempt from garnishment for commercial debts for anything other than child support, spousal support, or a property division under the Uniformed Services Former Spouses' Protection Act.The following link has some good information as well as a process of service address for judgements against members of the military.https://www.dfas.mil/garnishment/civgarnishment/en...Sorry to hear about your tenant troubles but good to see you're pursuing the issue to a righteous solution.

He informed me that I could not keep my firearms on school ground as it was against state law to have them on school property.After I talked to a lawyer friend, I was informed that while the property was on school grounds (and owned by the school), it was my personal abode and therefore exempt from the law barring firearms on school grounds.

@Stuart Udis Michigan's Transfer Affidavit has exemptions for several transfer of ownership types, including from a single owner to a single-member LLC.https://www.michigan.gov/-/media/Project/Websites/treasury/F...Is it different in Pennsylvania?

Quote from @Dave Foster: How would a 1031 exchange benefit him if he can sell today using the owner/occupant exemption?