Filing jointly with my wife, we have 2 cars that are both paid for and we wish to keep.
One worth $2800 KBB private party value, other worth $4500.
If we use the Federal exemptions, ($3225 for each) do we have $6450 total to use, or are we limited to $2800 on the one car? I know I also have $1000 wildcard that I can apply to car #2 if need be.
We are close to the limit on the cars, if we are within a couple hundred - shouldn't be a problem buying that back from the Trustee?
One worth $2800 KBB private party value, other worth $4500.
If we use the Federal exemptions, ($3225 for each) do we have $6450 total to use, or are we limited to $2800 on the one car? I know I also have $1000 wildcard that I can apply to car #2 if need be.
We are close to the limit on the cars, if we are within a couple hundred - shouldn't be a problem buying that back from the Trustee?
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