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?

grass5005 — Sat, 01 Jun 2019 17:49:08 GMT

Florida does not have an income tax return. There is a p...

DanielV01 — Sat, 01 Jun 2019 17:49:10 GMT

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.

topic 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? in Investors & landlords

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?

Florida does not have an income tax return. There is a p...