With 100 homeowners who received a cost estimate only 5 remained in the program due to costs of a single conversion climbing up to $1M...it's just not worth it.https://citylimits.org/2023/03/13/in...about-cellars/If there was something in place that was more affordable, I'm sure more homeowners would be willing to take this route, myself included, to meet the city standards.

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It would be a condo conversion in DC but I see none in Hagerstown.

Id love to sit of the table of everyone with seniority over me, and learn.Open to any conversations, Replies, or Comments !

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It was a conversion project.

Conversely, rental property activities reported on Schedule E of your 1040 tax return do not present the same way.Third, all rental activities, including short-term rental (STR) activities, within a partnership tax return are reported on Form 8825.

That conversion will not trigger any tax.Unfortunately we can no longer eliminate all of the tax simply by converting to a new primary and living there. 

Avoid conversions as you never know how it has been renovated behind the walls.