Another question on residency
I know there are many, many threads on this. Also after scouring the internet for a few hours I thought it might be easiest to just pull from the vast amount of knowledge here on the board. Our ho...
Forum Discussion
4advtr wrote:
So I'm wondering how folks who have residency in SD and Full-Time pull that off? I'm guessing they aren't really spending 6 months out of the year there? I know for most states I've lived in that's where the cutoff begins.
As for selling the house, we don't stand to make $500K so we shouldn't have any capital gains taxes.
Alas, I just checked and the State income tax in AZ is effectively half of OR currently. Might just be a smarter idea to establish residency down there. I just need to check and see how much vehicle registration and such might cost.
You do not need to actually reside in SD. We spend a few days there every 5th year,to renew drivers licenses.( At this time,it has to be done in person every 5 years ) Our truck and trailer are registered there,we are registered to vote,and have a legal SD address
(My Dakota Address)truck is insured through a SD insurance agent.(Progressive)
My Dakota Address can help you take care of these things.
We get our mail though them also.
Vehicle registration is reasonable,though not as reasonable as OR,I don't know about AZ for that.
One thing to keep in mind,AZ has sales tax! Right at 10% and plus!
Income tax,again I don't know.
We winter in AZ,and travel the rest of the year.We do own rental property in CA,but they, and we, consider us as non residents
SD works for us,and has for the past 6 plus years of full time traveling.
