Principal Residence

United States Tax Concept of Principal Residence

Your primary home. Your principal residence may be a single or multi family house, condominium, mobile home, or houseboat, as long as it is the place where you live most of the time.

Concept of Principal Residence in the context of Real Property

A short definition of Principal Residence: The prime or main living quarters. It may be based on time spent at the location or declared by the resident to be his/her principal residence. It is important, for example, for tax purposes and declarations of homestead.

Concept of Principal Residence in the context of Real Property

A short definition of Principal Residence: The prime or main living quarters. It may be based on time spent at the location or declared by the resident to be his/her principal residence. It is important, for example, for tax purposes and declarations of homestead.