Veterans homestead exemption and LLC/trust
Hey everyone,
House hacker here looking for some legal direction with taxes.
I live in one of two small multi family properties that I own. I get a veterans tax exemption on my homestead. I would like to group both of these properties in some sort of limited liability corporation, but I think I lose my tax exemption once it's in the LLC. From what I'm reading we don't lose our tax exemption in a trust, but you're not protected like an LLC. Am I just looking for best of both worlds here with being protected but also claiming my tax benefit? An additional goal with the LLC is to hopefully write off some time and miles I put in on these properties as I self manage and repair. Any info helps guys thank you!
*I may also post this in the legal section as well sorry if you see both.