How do I answer this question when preparing Utah state taxes and do I qualify for a residential exemption?
Here's the background:
We bought a house few years ago in Utah as a primary residence, but then moved to Colorado due to my job. We kept our house in Utah and converted it to an investment property and renting it out to long-term tenants which stay more than 183 days per year in our house. Reading information on Utah.gov seems like Utah allows a 45% residential exemption on property taxes as long as tenant lives in our house for more than 183 days per year. But is that still true if we (owners) are no longer Utah residents and live in Colorado. That's not really clear from what I've read on Utah.gov website. We file Utah taxes as non-residents and pay Utah income taxes only on rental income generated by our house in Utah.
Any help clearing this question will be greatly appreciated.