New rules apply to the 2024 Certificate of Rent Paid (CRP) filing for this year. The State of Minnesota Department of Revenue now requires owners of rental property and their managing agents to file the CRP online and provide service to the renters by using the e-Services system. The renter’s email address must be included to complete the process.
Begin by setting up an e-Services account, and either enter data manually, or if several renters are to be entered you can import the file and create CRPs for several addresses.
To begin you can click on this link to the Department of Commerce Create a Certificate of Rent Paid (CRP) | Minnesota Department of Revenue
Create a Certificate of Rent Paid (CRP) | Minnesota Department of Revenue
If you own or manage a rental property and rent living space to someone, you must provide a CRP to each renter if either of these apply:
- Property tax was payable on the property.
- The property is tax-exempt, but you made payments in lieu of property taxes.
So, beginning with the 2024 CRP form, you will not be able to use a paper form or third-party software to create CRP forms. You must do them electronically through e-Services.
You can subscribe to updates, read directions, access their training recording, and enter e-Services to begin your work. Remember, your CRPs are due by January 31, 2025. So, get started and get that paperwork out to your happy residents.
In addition, Revenue has informed us that an owner of rental housing is required to post a copy of the notice of proposed property ta increases/decreases at the property, or, mail or hand deliver the same. This appears to be a new rule with the 2024 notice.
Short-term rentals such as a hotel, motel or short-term housing rental may also require a CRP. If the period is for 30 consecutive days or more, as primary residence.
I hope this information was useful. If you have any questions about Real Estate investing, feel free to get in touch.
Steve
Steve Baklaich C:320.260.3290
RE/MAX Results
3950 3rd Street North
St. Cloud, MN 56303
steve_baklaich@yahoo.com
www.stcloudareahomesforsale.com
2020 Fall Housing Market Update
Here we are, one week and a chicken dinner away from the 2020 elections. For many, this is the fourth quarter of what can be described as the weirdest year of our lives. So what does a Central Minnesota Fall Housing Market Update look like in the rearview? And...
Cute & Clean Starter Home
Finding a cute & clean starter home can be quite a search, especially when you need it to be under $125,000. Stop searching, today is your lucky day! Just listed is this very well maintained 2 bedroom starter home, complete with a 2 car garage in St. Cloud MN....
Moving Out Of The City
Moving out of the big city might seem like a funny thing to discuss, but it's not. Today many people are having this conversation and a lot of the reason why they are able to talk about this possibility is due to changes related to COVID. The Big City Exodus Just a...
Are You Ready to Buy A Home?
Is it your time to buy a home? It seems to be one of the proper things to do when you begin adulting. But let's take a real look at why people should or should not buy a home. Let's also look at some of the benefits of homeownership vs being a renter. Are You...
Home Buying New Construction VS Existing Home
Significant changes in the central Minnesota real estate market over are occuring and will effect homebuyers. The most visable change right now is cost difference between buying an existing home vs new construction. The changes are substantial and can dramatically...
With 35+ years experience buyers and sellers get full service ALWAYS.