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What else can I help you with?
Can I deduct depreciation on my primary residence?
No, you cannot deduct depreciation on your primary residence for tax purposes.
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.
Can I use a 1031 exchange for my primary residence?
No, a 1031 exchange can only be used for investment or business properties, not for a primary residence.
Is your primary residence considered an asset?
Yes, your primary residence is considered an asset as it holds value and can be used to generate wealth or financial security.
Can I use a 1031 exchange to buy my primary residence?
No, a 1031 exchange cannot be used to buy a primary residence. It is specifically for investment or business properties.
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 I deduct depreciation on my primary residence?
No, you cannot deduct depreciation on your primary residence for tax purposes.
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.
Can I use a 1031 exchange for my primary residence?
No, a 1031 exchange can only be used for investment or business properties, not for a primary residence.
Is your primary residence considered an asset?
Yes, your primary residence is considered an asset as it holds value and can be used to generate wealth or financial security.
Can I use a 1031 exchange to buy my primary residence?
No, a 1031 exchange cannot be used to buy a primary residence. It is specifically for investment or business properties.
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.
How do you prove that you live in your primary residence?
To prove that you live in your primary residence, you can provide documents such as utility bills, a driver's license with your current address, or a lease agreement. These documents show your connection to the residence and can be used as proof of residency.
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 home...you 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.
Where can one find California Homestead online?
There is an online website called SFGate where one can find a home guide to declaring a California homestead on a home one owns. To declare a California Homestead ones home must be their primary residence.
