Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
R
RalphNJ_FL
March 28, 2022
Solved

New to Rental Property - NJ Resident with Florida Rental Home, Do need to file Florida as a Business Rental?

  • March 28, 2022
  • 1 reply
  • 0 views

NJ Resident who has acquired a Florida Rental Property in Oct2021 and have rented out for last 3 month of 2021.

Want to know how to file that rental property in Florida so that I can then complete my NJ filing.

 

Ay assitance would be greatly appreciated.

Best answer by Anonymous_

Florida does not levy a state individual income tax. You do not need to print and mail an income tax return to the state.

The Florida return in TurboTax is to report tangible personal property that is used in a Florida-located business or rental property and is filed with the county property appraiser by April 1st. 

If you do not have tangible personal property to report, choose Skip State in the State Taxes section.

1 reply

A
Anonymous_Answer
Employee
March 28, 2022

Florida does not levy a state individual income tax. You do not need to print and mail an income tax return to the state.

The Florida return in TurboTax is to report tangible personal property that is used in a Florida-located business or rental property and is filed with the county property appraiser by April 1st. 

If you do not have tangible personal property to report, choose Skip State in the State Taxes section.

    R
    RalphNJ_FLAuthor
    March 28, 2022

    For Residential rental if i'm understanding you correctly, there is nothing to file?

    A
    Anonymous_
    Employee
    March 28, 2022

    No income tax return for the state and nothing else unless you need to file a DR-405 with the county appraiser's office.

     

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

      TurboTax Sign In Widget
      TurboTax flag icon

      Unlock tailored help options in your account

      Create an account
      TurboTax Expert Assist
      TurboTax Expert

      Get answers to all your tax questions

      Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

      Terms & ConditionsAccessibility statement
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      ©1997-2022 Intuit, Inc. All rights reserved.
      Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
      of Intuit Inc. Terms and conditions, features, support, pricing, and service options
      subject to change without notice.

      Security Certification of the TurboTax Online application has been performed by
      C-Level Security.

      By accessing and using this page you agree to the Terms of Use.

      Accessibility

      TRUSTe nResult Certified e-File C-Level Security Certification