Ask Me Help Desk
>
Money & Services
>
Taxes
> Who has to pay tax on commercial rental income in Florida
PDA
View Full Version :
Who has to pay tax on commercial rental income in Florida
baker1958
Oct 8, 2012, 11:42 AM
I lease property in Orange County Florida. Do I have to pay a tax on the amount of the monthly lease payment?
ScottGem
Oct 8, 2012, 12:03 PM
The lessor pays taxes on the income. The leasee can claim the rental expense as a business expense.
AtlantaTaxExpert
Oct 8, 2012, 07:17 PM
Yes; as the owner, you report the rental income on Schedule E.