I called the Sumter county property appraiser's office and they confirmed that if the primary residence is in a LLC or Corporation that the home loses its homestead exemption, the 3% cap on the value and the portability on the home. And I believe the profit exclusion on the sale of the home.
Why would you do this?
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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