Hal_Al
Level 15

Investors & landlords

Q. What's the tax rate for rental income earned in Kentucky for out of state residents?

A. Simple answer 5%

 

KY is one of the few states with a single tax  rate.  The form will make you go through a ratio calculation of KY income to all income. But it works out to 5% of the net taxable income.  Net taxable income may not be your net rental income.