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Question: I recently got divorced. It was painful and expensive, so I had to borrow money from my bank. In order to cover my monthly payments to the bank, I’m renting out my apartment, starting Thursday. At the same time, I signed a rental agreement for a smaller place, where I’m moving in right now. May I still claim the homeowner’s exemption, or do I have to report a change of status? And if so, who do I report it to, and what is the deadline and is there any other tax relief in my situation?
Hawaii News – Honolulu Star-Advertiser
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Renting unit after move out negates property tax break