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Updated over 4 years ago,
Washington DC Tax Question-Form D-30
Hi everyone,
I am an investor in Washington DC, and currently have a single-member LLC that is treated as a disregarded entity for federal tax purposes. My question pertains to local business taxes in Washington DC. I believe I would be required to file at the local level using form D-30, but only if my LLC's gross revenue exceeds $12,000 for the given tax year. If its gross revenue is less than 12k, it appears I wouldn't need to submit anything based on information I have gathered.
Can anyone who has experience filing business taxes in Washington DC confirm or deny this? And are there any other forms I would need to consider besides D-30 when preparing my taxes next year? For reference my LLC is used purely for buy-and-hold properties.
Thanks!