car exemption (schedule c)

[despritfreya]

Doubling is not "splitting". You cannot divide an exemption (unless specifically allowed) between vehicles or other assets. It is all or nothing.

[katfzl]

Considering this scenario. Anyone know more about Federal Homestead? I have found out that Arkansas in NOT a community property state. Still trying to research how title may effect claiming exemptions in Arkansas under Federal rules.

asset: Other vehicle
value: $1,000
exemption: $1,075 - 522(d)(5) –$1,075 of any property, and unused portion of homestead up to $10,125.

AND

asset: Liened vehicle
value : $3,600
exemption: $6,450 (doubled)

[katfzl]

Arkansas is a common law state, and found that "property that has only one spouse's name on a title Certificate (such as a car, a house, or stocks), is that spouse's separate property, even if it was bought with joint funds". I am trying to interpret how this would effect our vehicle exemptions in that state using the Federal Exemption schedule.