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Homestead credit in Arkansas

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hicotton Joined: 21 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Thu Oct 21, 2010 2:40 pm    Post subject: Homestead credit in Arkansas Like 0 Dislike 0 The children inherited 120 acres and there's one house on one child's portion of the land; can that person get a homestead credit on this property if it was acquired by QCD?
adonis Joined: 22 Oct 2005 Posts: 10542 Location: ALASKA 1086.66 Dollars($)	Posted: Thu Oct 21, 2010 7:56 pm    Post subject: Like 0 Dislike 0 Hi hicotton, If the child is the sole owner of the property and it is his or her primary residence, then he or she can obtain homestead exemptions on that property. _________________ Procrastination is the enemy of your financial success

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