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Reply to "Loss of Homestead Deduction - Rental Property"
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[quote=Anonymous][quote=Anonymous]It just changes assessed value by $67.5k when taxes are computed: http://otr.cfo.dc.gov/otr/cwp/view,a,1330,q,594163.asp[/quote] Yes, but you also don't get the tax assessment credit anymore. That could be worth a LOT more, depending on how long you have lived in the house.[/quote]
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