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What is a "homestead" residence?
I'm looking to optimize my tax situation, as many states offer tax breaks for "homestead" residences.
However, I have yet to see a formal definition of what a homestead actually is.
To qualify as a homestead, do you need to live in the property for a certain number of days, or some other requirement?
Is it possible to have multiple homesteads?
The world needs to know.