Skip to main content
Level 2
June 13, 2020
Question

A DC T/P OWNS A CONDO. T/P CONVERTS CONDO TO RENTAL. IS T/P NOW SUBJECT TO UNINCORPORATED FRANCHISE TAX. RENT RC'D WAS 13,390 NET LOSS OF 9,255?

  • June 13, 2020
  • 1 reply
  • 16 views
No text available
This topic has been closed for replies.

1 reply

sjrcpa
Level 15
June 13, 2020

Yes. Gross is $12,000 or more which is the threshold.

The more I know the more I don’t know.