Quote:
Originally Posted by Biker Dog
Sorry to tell you Tom but the answer is NO. We are considering changing the deeds on our houses to take advantage of tax exemptions. Deed the up North house in her name and the Villages house in my name. We would then declare our primary residence in the deeded state. That way we would have exemption in both states. For IRS purposes you can use either state as your address to file as long as the first name on the return matches that address.
We were told this by a lawyer and our accountant.
Good Luck
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I'm no income tax expert, but by doing that, it would seem to me that you would have to file separate returns, and not a joint return.
Had a friend who did this exact same thing, and that's what the did with handling income tax.