DanielV01
Expert Alumni

Investors & landlords

Florida does not have an income tax return.  There is a personal property tax return that could be due depending on the county the property is located in.  However, unless the personal property is more than $25,000, you don't need to file that return.  Personal property does not include the house itself, nor the land, because those items are covered by your real estate taxes.  For more information on the personal property tax return, please see this webpage:  http://floridarevenue.com/property/Pages/Taxpayers_TangiblePersonalProperty.aspx

The tangible property return is unaffected by whether or not your rental earned money.  It is based solely on the amount of tangible property you own in relation to your rental enterprise.

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