homestead exemption =any property

[kimsch72]

What is the name of your state? south carolina

we used our federal exemption list instead of state when we filed. it has a wild card of $925.00 of any property and up to $8725.00 of unused homestead exemtion, for any property. can we use the homestead exemption for any property since we have no homestead. thanks

 

[anabanana]

No. Homestead exemption only protects the home that you own and live in.

 

[kimsch72]

when it says any unused part up to 8725.00 of homestead exemption, for any property. wouldnt that mean that since we didnt claim a homestead exemption we could use that. it states in the federal exemption list wild card and can be used for any property. thanks. i am a little confused by this.

 

[anabanana]

Sorry, Kim. I'd just spent two hours arguing about a piece of "property" as in, vacant land, so I had a little brain cramp. Yes, you are reading that right.