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Updated about 1 year ago on . Most recent reply presented by

User Stats

247
Posts
240
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Ben Firstenberg
  • Investor
  • Cleveland
240
Votes |
247
Posts

City of Cleveland Income Tax for Rental Properties?

Ben Firstenberg
  • Investor
  • Cleveland
Posted

Hi all, 

Do you guys pay income tax on the rental properties you own in the city of Cleveland? If so, how? On RITA?

I did not live in the city of Cleveland last year, but my rental is located there. So I'm not exactly sure what to do. 

If it matters, my rental is owned by an LLC of which I am the sole owner. Furthermore, I did not show any profit last year after expenses and depreciation, so I don't believe I would owe any income tax, if the city does indeed charge.

For the record, I'm NOT talking about property tax. Income tax. 

Thanks for your help

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