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Updated almost 11 years ago on . Most recent reply

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13
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0
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Matt Williams
  • Salt Lake City, UT.
0
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13
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Renting my primary residence

Matt Williams
  • Salt Lake City, UT.
Posted

Hello BP people. I am currently renting out half of my home. In a few months I will move out and the whole house will become a rental.I have a few questions.  1.In the mean time does anyone know how I will be taxed on this income currently because it is my primary.  2.Also can I write off expenses on this oo/rental.  3.What kind of issues will I run into when buying my next oo. My income is not great so I really need a lender to consider rent on the first property.Thanks 

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