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Check the local zoning laws regarding setting up a business. Some places do not allow commercial establishments in residential areas. If it is allowed, there is certainly opportunity to take advantage of the split between business property and residential property.

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โˆ™ 2007-05-31 12:59:24
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Q: Is it possible to set up a title company in ones primary residence for tax saving opportunities?
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Related questions

What are some phrases with the word primary in them?

primary colors primary election primary source of income primary residence or primary place of residence primary function primary caregiver

Can you use your condo your primary residence for a equity line of credit?

If you live there, of course. If you do not live there, then it is not you 'primary residence'.

Do property taxes go up on your primary residence if you buy a 2nd home?

They are independent properties and there should be no effect on taxes on the primary residence as long as it continues to meet the requirements for a primary residence.

Can a house with a second home mortgage become a primary residence?

Yes. The designation as primary residence is irrelevant to the number of mortgages.

Do you still have to pay 1099 taxes if property was your primary residence?

Yes this could be very possible depending on the amount of the gain that you had on the sale of your primary residence. And if you have a 1099 in your hand it would be a good idea to report the transaction on your 1040 federal income tax return for the year of the sale.

Isaac Newton primary residence?


DeDee|Can I belong to the Arizona Registered Agents if my primary residence is in Anchorage AK?

no, in order to belong to the arizona registered agents your primary residence must be in arizona.

Where is Bill Clinton's primary residence?

New York

Gather as much reliable information as possible before making a decision?

Organization gathering information before making a decision is to look into all the possible risks and opportunities associated with that decision. It is very important to gather reliable information to secure a company from an ordeal. Information can be gathered from primary and secondary sources.

Do i qualify for the tax credit if i bought my house as 2nd home but actually live in it?

The key here is this. Is the second purchase your PRIMARY residence? If you live in the home 24/7...not a vacation use this address for your mail and primary residence, then it IS your primary residence. That fulfills the obligation in the rules for the tax credit.

Who decides where a child goes to school if there is joint custody in effect?

In the Final Decree of Divorce the Court decided or yourself and your ex agreed who would have primary residence of the child. My advice is to read through your Decree to get answers concerning your child's primary residence. The primary residence will include the school the child will be attending.

Where does Sarah Palin live?

Her primary residence is in Wasilla, Alaska.

What is the postal code of your primary residence Do not forget the space?


What does pimary mean?

Literally - "first and foremost" ex: My primary residence is where I hang my hat, my secondary residence is my gf's bedroom.

Is owner occupied the same as primary residence?

No. Owner occupied means the owner of the property lives in it, meaning it is not rented. Primary residence means the home where you live most of the time. It can be rented or owned.

What is the postal code of united kingdom primary residence?

If you mean 10 Downing Street (the Prime Ministers residence) - it is SW1A 2AA

Where does Margaret Thatcher live?

Her primary residence is in Eaton Square in London.

Where does Johnny Depps kids live?

I think their primary residence is in France.

What is the 5-digit zip code of your primary residence?


Short sale tax liability?

Much of whether there is tax liability of a short sale depends on whether the home was a primary residence or not. In most circumstances you will not pay taxes on a short sale if it was your primary residence. This is because of a law that went into effect called the Mortgage Debt Relief Act. If the property was an investment and not a primary residence you may have to pay taxes.

Are there grants for regular repair and structural repairs on 106 year old house, to be used as primary residence?

What grants are available to repair a 106 year old home in rural Tn. to be used as primary residence?

What is a parent of primary residence?

The parent you primarily reside with. The parent with physical custody.

Can you enroll your child in a new school if you have joint custody and primary residence?


Does having primary residence with joint custody automatically mean the parent with primary residence has the final say?

The purpose of joint legal/physical custody is for the parents to cooperate in all decisions, but in the real world this has not happen. see link

Is it possible for an insurance company to deny your claim because you have a primary and they can not be a secondary?

Conference the 2 claims reps together and let them Duke it out!