Bharat Panuganti
Question about cap gains exemption
If we resided in a property for 20 months in the last 5 years, does the IRS consider a "partial" capital gains tax exemption? Or is it a binary designation?
Brandon Lashmet
AB1482 Exemptions (LLC vs Corporation)
AB1482 states that "single-family homes/condos (residential real property that is alienable separate from the title to any other dwelling unit) are exempt from AB 1482 if (1) the owner is not a real estate investment ...
Peter Faulkner
Fannie Mae & LLC's New Exemption
Hello Everyone,I have a house under contract and was reviewing best practices for LLC's and conventional financing. My mortgage broker shared this information with me and I thought I would share:http://workshopmortgag...
Lemanuel Turnipseed
Short-term Rentals without Homestead Exemptions
How can I do short-term rentals in New Orleans, if I already have a homestead exemption on another property?
Thanks,
Lemanuel
Sean H.
I bought a farm, tax-exemption?
Im trying to figure out the extent of what i can get with tax exempt status. What sort of proof do i have to show before i can claim exempt status (not sure if its state specific, im nc)?I've heard you have to be choo...
Joe Lujan
AB1482 EXEMPTION letter not served time
Hello everyone,
I have a rental that is AB1482 EXEMPT (SFR) except I did not make the July 1st 2020 deadline to serve the exemption letter. I want to raise the rent on this property. Do I have to go by the Non-exemp...
Erin Weiss
Homestead Exemption with a new Rental
I'm in the process of buying a SFH. The previous owner was a senior woman who filed for a homestead deduction as well as one for seniors which resulted in her property taxes to be only $11 a month!!! Wow that's LO...
Rich Annunziata
Cook County Rental Property Homeowners exemption
Has anyone been thru the process of claiming the homeowners exemption in cook county on a rental property ? Is it legal? What is the exact process? I am confused with filling out the certificate of error refund ap
Matt Gregory
Homestead Exemption on newly acquired home
Hi BP,I purchased a home towards the end of 2018 that was under a homestead exemption for 10+ years. The property had been taxed at 240k in 2018. After the sale, Dallas county raised the appraised value up to 440k (sa...
A.R. Coningsby
Multi family owner occupant homestead exemption
I am looking for some info on how the homestead exemption tax works when owner occupying a 2-4 unit in Cleveland, OH. Despite only occupying 1 of the potential 4 units, am I still entitled to homestead exemption for t...