Solved
Confused on whether I need to file TPP in Florda
I own a sole-member LLC, I sell products online from my home.
I don't understand TPP in Florida & whether TPP applies to me & my business.
Any help/advice would be appreciated, thank you!
You need to file form DR-405 Tangible Property Tax Return in the year you start your business if you have tangible business property , which would appear to be office furniture and equipment in your situation. If the value of the property is less than $25,000, you will have no tax and will not be required to file returns in the future if the basis of your tangible property remains at less than $25,000.
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