I'm chugging right along finally with two forms left to complete before we file (Schedules B and C), but have a question on where to place certain items we would like to claim as exempt.
Given that the filer is on Social Security Disability and will not return to work, can you still classify 'tools' as 'tools of the trade,' though there really isn't a 'trade' anymore?
For example, the couple of items I am trying to decide where to place:
-Riding Lawnmower
-Snow Blower
-Jigsaw, table saw, misc. power tools, etc
I would hate to classify them under the tools of the trade exemption for NY, only to find that since the debtor will not be returning to work, that he is not entitled to that exemption...so wondering if these could also be grouped under the 'household goods' category?
We are far below the allowable household goods exemption, so no problem lumping them in there, but would hate to find that they can't go in there, too...just not sure which exemption would be most applicable.
Given that the filer is on Social Security Disability and will not return to work, can you still classify 'tools' as 'tools of the trade,' though there really isn't a 'trade' anymore?
For example, the couple of items I am trying to decide where to place:
-Riding Lawnmower
-Snow Blower
-Jigsaw, table saw, misc. power tools, etc
I would hate to classify them under the tools of the trade exemption for NY, only to find that since the debtor will not be returning to work, that he is not entitled to that exemption...so wondering if these could also be grouped under the 'household goods' category?
We are far below the allowable household goods exemption, so no problem lumping them in there, but would hate to find that they can't go in there, too...just not sure which exemption would be most applicable.
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