South Carolina requires us to pay hospitality taxes for all rental revenues (state, city, and county). Is that reportable under property taxes under my Schedule E?
South Carolina requires us to pay hospitality taxes for all rental revenues (state, city, and county). Is that reportable under property taxes under my Schedule E?
Yes, if you have a rental activity in that state and pay these taxes, this is a deductible expense incurred by the rental to make income.
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