John Jones
Section 121 Exemption
I want to start this post regardless of answers; I know I need to consult with an accountant. I am trying to understand the 121 exemption. My wife and I have owned our primary residence for over two years. We are abou...
Bob Fayard
Tax exempt business?
As an investor with a few properties, may I get a tax ID so that I don’t have to pay taxes at the hardware store for rental repair items?
Stacey Cole
Homestead tax exemption
What advice would you give someone who owns a property but does not live in it. The owners address on their drivers license shows the property address and voting card shows that address. However, the own did rent this...
Heather B.
Homestead exemption question?
Hi, we have 2 properties. One in FL (which we homesteaded) and one in GA, which was homesteaded for about 15 years until we purchased the FL property. My city in Atlanta (Brookhaven) just passed a law, end of last y...
Greg Pereira
Homestead Exemption Penalties
BiggerPockets Community, I had a question regarding Homestead exemption penalties on properties that are in foreclosure. Would I be responsible for paying these penalties owed – Or is the tax lien for this penalty...
Brian Harris
Homestead exemption removal
Hey bp family so I recently got approved for my homestead exemption on my double but a few days ago I got a letter stating that they were removing it because it had came to their attention that both sides of the doubl...
Andy Wilson
Home owners exemption
Hi BPs,Can you apply for home owners exemption with an investment property even if you never lived there? I guess the answer is no, but just wanted to know if the common practice could be different from my common sens...
Jenelle Coy
The Homestead Exemption?
Anyone able to answer the following -
Can a home protected under the homestead exemption be foreclosed due to back taxes (following a tax sale)?
Alex Johnson
250k tax exemption
Lets say one buys a property with one home on one lot + one additional lot. They live in the home on the first lot, then they build a new home on the second lot, and sell it at the 2 year mark. How will this get treat...
Brian Bradley
California Exemption Planning
At the core of what I see any client wants when shopping for an asset protection system is a system that is effective, that gives them control, the cost are reasonable, and so is the annual maintenance.
Effectiveness...