A reminder that you need to get the 2011 CRP’s out to your renters by the end of January for any renter that paid you rents in 2011.
Minnesota Department of Revenue requires landlords to file the CRP form by January 31st or be charged penalties.
Here is the form and instructions: 2011 Certificate of Rent Paid
What’s New for 2011?
Due to recent legislation, 2011 renter refunds will be made based on 17 percent of rent paid, rather than 19 percent of rent paid, which has been used in prior years.
The forms have been designed to reflect this change.
Who Must Issue CRPs
If you own rental property and rent living space to other persons, you or your managing agent must issue a CRP to those persons
• property tax was payable in 2011 on the
• you were not required to pay property
tax, but you made payments in lieu of
Who Must Receive a CRP
You must complete and give one CRP to each married couple or unmarried adult who lived in a rental unit you owned.
Married renters: Give only one CRP to a married couple. If the couple separated or divorced before you issue the CRP, give the
CRP to the one who remained in the rental unit. If both moved out, give the CRP to the first one who asks for it.
Unmarried renters: Give a separate CRP to each adult person who lived in the rental unit, even if their name is not on the lease.
On the CRP given to each person, provide their name only—do not include others who lived in the rental unit.
If more than one unmarried adult lived in the unit, show that each paid an equal amount of rent, regardless of the amount
each person actually paid.