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Updated over 10 years ago on . Most recent reply

Derrick Alfonso Tafur's profile image
Derrick Alfonso Tafur's profile image
Derrick Alfonso Tafur
  • from Trenton, Ohio
  • Member since Dec 28, 2014
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Derrick Alfonso Tafur's profile image
Derrick Alfonso Tafur's profile image
Derrick Alfonso Tafur
  • from Trenton, Ohio
  • Member since Dec 28, 2014
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Derrick Alfonso Tafur
  • Trenton, OH
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General Landlording & Rental Properties

Converting a Primary home into a Rental.

Derrick Alfonso Tafur
  • Trenton, OH
Posted

So I've made to decision to convert my liability into an asset.  I have read all the great info in regards to "renting your home"   That being said, I saw nothing in the blogs regarding how to deal with this transition for tax purposes.   For example, my county has an Owner Occupancy tax credit of 2.5% that I will lose once converted into a rental property.  How do I go about informing them of this change?    Thanks in advance.  

           Derrick

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