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Updated over 10 years ago,
Renting my primary residence
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