Complete only Part 3 of Form 5049. • You filed as married filing separately, and you shared a homestead with your spouse all year.File an Affidavit for Homestead Exemption (form 2368) at the July or December Board of Review for the year of claim or the following year. Applicants must use Form MI-1040CR. To claim the Principal Residence Exemption (PRE) in Michigan, you must be a Michigan resident and own the home as your principal residence. You can only have one principal residence. Your local assessor will adjust your taxes on your next prop-. You should complete the Homestead Property Tax Credit Claim form (MI-1040CR) to see if you qualify for the credit. Michigan Department of Treasury Form 2368 (Rev. 6-99), Homestead Exemption Affidavit, is required to be filed if you wish to receive an exemption.