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Level 1
posted May 4, 2023 4:25:04 PM

I live and Work in Georgia but I inherited rental property in Florida. Do I have to file state returns in both, Georgia and Florida?

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5 Replies
Level 15
May 4, 2023 5:19:54 PM

NO ... you will file a federal and a GA only  since FL doesn't have a state income tax return to file.  However FL does have a tangible tax that the program will try to get you to do/pay for ... skip that and do it yourself on the form that will be mailed to you from the local authority. 

 

Level 15
May 4, 2023 6:15:55 PM

FL does not tax personal income. So there is no state tax form to file for any rental income realized from the inherited rental property.

However, if the property is furnished, you may need to file a DR-405 with the local property tax appraiser of whatever county the property is located in. If it's a short term rental (such as VRBO or AirB&B some places in FL require you to be registered as such with the county, city or local township. For example, in my down, short term rentals located within the city limits of St. Augustine are required to be registered same as a hotel, and they have to deal with yearly inspections by both the city and the fire department. Failure to follow the rules can (and will) result in some hefty fines.

Level 1
May 4, 2023 7:08:37 PM

No, the condos are not furnished.  Thanks for answering my question.

Level 1
May 4, 2023 7:13:56 PM

Thanks for your reply! The rental property is made up of 2 condos in a gated community.  They do not have any furnishings in them.  So I would think I do not need to file a FL tax return, right?

Level 15
May 5, 2023 5:37:05 AM

As unfurnished long term rentals, nothing would need to be filed with the state of FL.