Home is not sold yet, but preparing for when we do sell it.
Ballparking numbers. Purchase was for $400k. A second mortgage was taken for improvements for an additional $75k. And the anticipated sale will be in the $600k range.
I was just curious when a home is "homesteaded" is that for the house itself, or the individual or individuals who sell it? Meaning. We owned it for over 5 years, profits will be less than $250k, so the homestead will be in effect, but my partner will be the one collecting the profits, as opposed to splitting the profits.
