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Retirement tax questions
If you are still renting it out or if someone lives in your property more than half of the year, then it is still considered used for residential purposes and you are entitled to residential exemption. So, you should not declare that you no longer qualify for residential exemption. If it is not occupied/used for residential purposes for more than 6 moth, then you no longer qualify for residential exemption and should declare so.
March 24, 2021
8:05 PM