All Forum Posts by: Alessandra Barreiro

I wasn't looking to skirt the rules.. I guess i should have given a preface to my question. My boyfriend and I have been thinking about making our primary home an Airbnb/short term rental and try RV living. We live in a great area and our home would do really well. 

If the property generates a good amount of profit in the first year, we were thinking about taking those profits and investing in a second rental property and moving back into our current home. I was just curious on how that statute applies if we chose to move back in and not rent it out the second year. 

So below is the Florida Statutes regarding renting out your primary residence property.

(1) The rental of all or substantially all of a dwelling previously claimed to be a homestead for tax purposes shall constitute the abandonment of such dwelling as a homestead, and the abandonment continues until the dwelling is physically occupied by the owner. However, such abandonment of the homestead after January 1 of any year does not affect the homestead exemption for tax purposes for that particular year unless the property is rented for more than 30 days per calendar year for 2 consecutive years.

It says that you lose homestead exemption if you rent more than 30 days per year for 2 consecutive years. 

Now, my question is hypothetically, if you rented out your primary residence for more than 30 days but only for ONE year, do you get to the keep the homestead exemption?