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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I figured it out. The FP-31 is only for &quot;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.
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I think this is incorrect. Schedule D1 of the FP-31 is for the value of the real estate itself. [/quote]

I TAKE IT BACK. I'M WRONG, YOU'RE RIGHT. OMG HOW MANY HOURS HAVE I WASTED ON THIS ???!!!!!

&gt;:[[/quote]
are you saying DC small LLs have to pay 3% annual tax on the entire value of their property? This would make you broke renting it out given property prices in DC.  I don't believe this is the market value of your house.  Most rentals don't produce more than 5% annual returns on the value of the property, taking most of it as tax revenue would bankrupt all DC landlords 
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Where did paying 3%/5% annual tax come from?[/quote]

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