Does anyone know about the state taxes in Florida and about a tpp?

[katelynmc555]

I'm self employed I don't know what this is on the state taxes

[Anonymous_ · Accepted solution]

Tangible personal property (for TPP tax purposes) is personal property you use in connection with your business in Florida.

If you use certain personal property in connection with your business, you should file Form DR-405 with the county property appraiser in which your business is located.

See https://floridarevenue.com/property/Pages/Taxpayers_TangiblePersonalProperty.aspx

For specific information with respect to the county in which your business is located, refer to the dropdown box at the link below.

https://floridarevenue.com/property/Pages/LocalOfficials.aspx

[leeloo]

Florida has no personal income tax. However, a personal property tax relates to tangible items you use in your business. 

Here are a few common examples of what to report:

• Frequently used items: Things you own that you frequently use for business that you can pick up. Some  examples include office tables and chairs, computers, laptops,etc.
• Vehicle equipment:  Generally anything you attach to your vehicle after you’ve bought it must be reported.
• Items you lease out: If leasing out items is part of your business, then report them.
• Depreciable and depreciated items: Even if it is  fully-depreciated for income tax purposes, but it still must be reported on your TPP return.

[Anonymous_]

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@leeloo wrote:

Here are a few common examples of what to report:

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Again, you need to visit your county property appraiser's web site, @katelynmc555, as your county may have a different set of rules for what needs to be reported.