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Asked in Naples, FL Mar. 31, 2020 ,  2 answers Visitors: 77
If NC becomes my primary residence is my home protected in bankruptcy court? What is the state income tax??
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2 Answers

Anonymous
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Posted on / Apr. 01, 2020 07:35:39

YOu need to direct these questions to a bankruptcy/tax lawyer in Carolina. You can't claim two homesteads/residences/state citizenships at the same time. If you claim Carolina you will lose your homestead/constitutional exemptions in Florida which are significant.

In point of fact, Florida and Texas are the most generous on homestead exemptions

Anonymous
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Posted on / Apr. 01, 2020 04:35:29

Yes. 5.25%

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