Rental property taxes in DC

[Anonymous]

I was able to take care of FP-31 through my online DC tax account but can't find how to file D-30. Is there a link I should use or it is filling up the PDF and then submitting the docs?

[Anonymous]

I'm struggling to figure out how the $225,000 exemption applies. Anyone have a suggestion how to fill out Schedule A?

[Anonymous]

Otr is helpful if you go there or tweet at them for help on this. But seriously, also call your council members (ward and at large) and get them to exempt small landlords of unfurnished property from the filing requirements. There is a tax commission working now on revisions to DC taxes so it's a good time to do it.

[Anonymous]

I figured it out. The FP-31 is only for "personal' items (dvd's, cd's, tv's ,etc) left behind in the condo or apartment you're renting - it has nothing to do with the actual condo value, cost, depreciation etc. Wow, took me forever to figure that out but a rep at OTR solved it for me. So I just have to finish FP-31, attach the DC-30 in a 'message' when I submit the FP-31. I can leave almost everything else in FP-31 blank basically because the condo was 100% empty of personal items before I rented it. Hopefully this will help others.

[Anonymous]

Do you have to file taxes, DC -30 to get clean hands certificate? I think you only need clean hands to get the license renewed.

[Anonymous]

I posted above "Hopefully.." Yes, you have to file the DC-30 to get the clean hands certificate. I thought I didn't have to because I filed a 'personal' return in DC (even though I'm out of state) but it's not good enough. The DC-30 is a'business' return. I had less than $12k in rental income for completing the DC-30 is not required - UNLESS you need a clean hands certificate! So, if you need clean hands then you must do a DC-30 and pay the $250 fee even if you lost money on teh rental.

[Anonymous]

So, no need for DC-30 if the rental income is less than $12K? It sucks that an extra $250 is needed as a fee which is on top of $300 rental business license for rentals in DC.

[Anonymous]

If someone has filed a DC-30 do you still have to do the FP-31? Sounds like yes? I feel like I'm usually on top of things and was blind sided by this when trying to renew my license!

[Anonymous]

Anonymous wrote:If someone has filed a DC-30 do you still have to do the FP-31? Sounds like yes? I feel like I'm usually on top of things and was blind sided by this when trying to renew my license!

Yes they are completely different things.

[Anonymous]

Anonymous wrote:So, no need for DC-30 if the rental income is less than $12K? It sucks that an extra $250 is needed as a fee which is on top of $300 rental business license for rentals in DC.

Gross income whether or not you have any net income.

Also if you will need to get a clean hands certificate for the rental in the future I have heard you will be denied unless you have filed the DC-30 (even if your gross income is below 12K - friend who does STR informed me of this).

[Anonymous]

Anonymous wrote:I figured it out. The FP-31 is only for "personal' items (dvd's, cd's, tv's ,etc) left behind in the condo or apartment you're renting - it has nothing to do with the actual condo value, cost, depreciation etc. Wow, took me forever to figure that out but a rep at OTR solved it for me. So I just have to finish FP-31, attach the DC-30 in a 'message' when I submit the FP-31. I can leave almost everything else in FP-31 blank basically because the condo was 100% empty of personal items before I rented it. Hopefully this will help others.

You do not need to attach the DC-30.

[Anonymous]

What did you all put for "Kind of business or profession" if it's a condo? And "Number of DC Locations" is 1?

[Anonymous]

Anonymous wrote:What did you all put for "Kind of business or profession" if it's a condo? And "Number of DC Locations" is 1?

Real estate. If you call OTR they will literally walk you through the form.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What did you all put for "Kind of business or profession" if it's a condo? And "Number of DC Locations" is 1?

Real estate. If you call OTR they will literally walk you through the form.

Oh amazing - thank you! I'll give them a call!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What did you all put for "Kind of business or profession" if it's a condo? And "Number of DC Locations" is 1?

Real estate. If you call OTR they will literally walk you through the form.

Oh amazing - thank you! I'll give them a call!

Yea OTR was not helpful at all - they kept telling me to depreciate printers and copiers in my office (which I don't have).
Can anyone else say what they put for "Number of DC Locations"?