Hello,
I am trying to fill out the Schedule C-Property Claimed As Exempt and I owe more on our home than it is worth. I live in California and am filing individually but I am married. We have lots of household goods and a significant amount of savings(for our property tax) so I am using the System 2 for exemptions.
My question is do I still list the Real Property on this page but list the value as 0 or do I completely leave our home off of this Schedule C
Thanks in advance for all of your help!
I am trying to fill out the Schedule C-Property Claimed As Exempt and I owe more on our home than it is worth. I live in California and am filing individually but I am married. We have lots of household goods and a significant amount of savings(for our property tax) so I am using the System 2 for exemptions.
My question is do I still list the Real Property on this page but list the value as 0 or do I completely leave our home off of this Schedule C
Thanks in advance for all of your help!