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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.
‎November 30, 2020
7:45 AM