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    baker1958's Avatar
    baker1958 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 8, 2012, 11:42 AM
    Who has to pay tax on commercial rental income in Florida
    I lease property in Orange County Florida. Do I have to pay a tax on the amount of the monthly lease payment?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Oct 8, 2012, 07:17 PM
    Yes; as the owner, you report the rental income on Schedule E.
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