Schedule C - Property Claimed As Exempt

[DJC]

I am new to the forum and not sure if this question warrants a separate thread. I searched the forum for some answers, but I would like to specifically ask because I don't understand the difference between the "Value of Claimed Exemption" vs the "Current Value of Property Without Deducting Exemption". I am looking at the two columns, do I determine the "Value of Claimed Exemption", or does my attorney?

[LadyInTheRed]

Your attorney will fill out all of your petition. That's what you pay for.

If you have an asset worth $5,000 and are using an exemption of $3,000 on that property, the "Claimed Exemption" is $3,000 and the "Current Value of Property Without Deducting Exemption" is $5,000.