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City of Cleveland Income Tax for Rental Properties?
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