Schedule C Exemption Question

[TerribleName]

Hello. I could not find any specific information on this, and it is a pretty simple question. I have a vehicle worth $10216. This is a joint BK in Illinois, so I have $4800 vehicle exemption and $8000 wildcard. I am going to use the $4800 and $5416 to cover the full value. My question is, do I place both exemptions in one field, or separate them into two fields on the form? Any help would be appreciated. Thanks!

[TerribleName]

Hello. I could not find any specific information on this, and it is a pretty simple question. I have a vehicle worth $10216. This is a joint BK in Illinois, so I have $4800 vehicle exemption and $8000 wildcard. I am going to use the $4800 and $5416 to cover the full value. My question is, do I place both exemptions in one field, or separate them into two fields on the form? Any help would be appreciated. Thanks!

I think I found the answer. It looks like I separate them, so if anyone believes otherwise, please let me know. Thanks!

[justbroke]

They aren't separate if you are saying how to list the property. You list the property once, and then list all exemptions that apply to that specific piece of property. For example, if I exempt a 2012 Ford Ka, and I have two Florida Statutes, I list F.S. 222.25(X) and Fla. Constitution Article X Sec. 4 and claim the appropriate amount. At least that is how I have done it, how the bankruptcy "packaged software" does it (e.g. Best Case), and how I have seen other Schedule Cs in my District in Florida.