Hello, I am new to Florida and Own a Rental property, which on my Federal Return has Losses. Do I need to file a Florida State Return?

Forum|Forum|7 years ago
June 1, 2019
1 reply
26 views

No text available

TurboTax Premier Windows

Best answer by DanielV01

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.

DanielV01Answer

Alumni - Intuit

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.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"