Max Philip Henry
Question On Homestead Tax Exemption
Good afternoon,I was hoping someone could give me some clarity when it comes to filing a homestead Tax exemption on a house hack. I currently live at my rental with a few other roommates, and I've heard conflicting ar...
Wes Selman
Long Term Tenant- Homestead Exemption
Is there a way to structure a scenario where a long term tenant of a single family home can receive homestead exemption? Is there a way to do that?Thank You.
Eric W.
Losing homestead exemption to rent
Curious what Texas landlords feel about this or how they calculate it into their decisions. The homestead exemption is a huge help in lowering your tax bill. I have been considering renting my hours out and moving but...
Kendrique Coats
Tax exemptions on Illinois properties
There are specific criteria for Homestead Tax Exemptions per state. Have any of you utilized the Homestead Tax Exemption on your properties? If yes, how have you done it and is there specific verbiage you added to yo...
Uwe K.
Sales tax exemption for rehabs?
I am just coming from a friend's company where a sales rep and office lady discussed if certain items should be sales tax exempt because they are being used in the manufacturing.
This gave me the idea that the sheet ...
Rachel H.
ESA exemption in Oregon state?
I have a potential tenant who has an emotional supporting animal, and a letter from her psychologist saying the ESA is for a mental disability. I have a no pets policy for my rental, a one bedroom apartment that is an...
Matt Mach
Sales Tax exemption on flips?
Ok, I've gotten one flip under my belt. We closed in 2017, I've already talked to a CPA regarding taxes and he suggested I roll the income and expenses into the same tax year. I've been reading quite a bit about how I...
Jason Shim
$250K Home sales tax exemption
My wife and I are thinking of selling our primary residence in 2-3 years. we live here for 20 years. If the market continues the way it is, we are looking at a $1mn gain in 2-3 years. if we sell today, our gain is ...
Patrick Britton
Washington State cap gains exemption?
Quick tax question:An individual purchases a home today and uses it as primary residence. He makes some repairs, updates, upgrades, etc. Next year sometime, he sells and realizes a capital gain of $100,000, for inst...
Doug Dattawalker
Personal residence exemptions- time frames
Hi all,
I have a rental that used to be our primary residence. We moved out 3yr 2 months ago. So we have missed the 2 of the last five part of the rule. Is there a sliding scale for capital gains taxes for the next t...