Important question about primary insurance and driver's license residence.
Since the kids are out of the house I purchased a home in another
state, but it is only 1.5hrs from the apartment we are living in now.
I usually comute to work from the house Monday and Thursdays,
remaining time from the apartment since the comute is shorter. I have
claimed the house as a primary residence since I'm there 3-4 days of
every week. It is a close 50/50 but we only rent the other residence
anyway.
I was going to transfer my car registrations and license to the other
state of the house, however, our tax advisor told me that this is not
necessary unless I was going to actually sell the house.
She told me your state of licence issuance is only a concern for the
IRS when you sell the house. You can claim a primary home in a
seperate state of your license issuance, but it would only be a
concern if you sold the house.
I was told it is not an issue about having primary insurance on the
house either.
What is this groups opinion about this? Should I claim the house as a
secondary residence or should I transfer my licence & registration?
I've been told car/home insurance in the state were the house is
located is significantly higher in the state were the house is located
compared to the state were the apartment is located.
Appreciate any help
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