how to calculate tax liability when applying for TPT license in AZ

[davoti2]

Dear experts, 

I have a rental house in AZ, I have a few questions would appreciate advices.

1. Do I need to apply for TPT licensee if I have loss in rental income after expenses? 

2. I am not aware of this TPT tax and forgot to pay this for last two years. what do I need to do?

3. when applying for TPT license, it asks to fill in this question:  "What is your estimated tax liability for your first twelve months of business?"  Does this mean the the actually rental income tax I owe (which is 0) ? or the TPT tax I owe (which is based on gross rental income)? 

TIA

Dave

[TomD8]

This is an income tax forum.  AZ's TPT tax is a sales tax.  Suggest you contact the AZ TPT offices to obtain accurate information.

https://azdor.gov/business/transaction-privilege-tax/tpt-license#:~:text=Arizona%20transaction%20pri....