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Updated 12 months ago on . Most recent reply

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Paulette Midgette
  • Investor
  • Philadelphia, PA
276
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344
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Personal Property Tax Return County of Horry

Paulette Midgette
  • Investor
  • Philadelphia, PA
Posted

Hello BPer's,

I purchased a property (vacation/STR) in Garden City Beach last year. I recently received the PT-100 personal property tax return for filing. I have many questions about how to complete the form and I am willing to pay for a tax preparer to complete, if I can find one!

I have reached out a Liberty Tax, H&R Block, a local account to help me understand how this return should be completed. They don't support these filings I found instructions for completion on the State's website, but that didn't help with my full understanding.  As a last resort I reached out to my management company, no help here.  It can't be this hard, can it?!

Please, I am looking for any resource that can help me complete this return myself or get to someone who can.

Here are some questions I have:

1. The form asks for total acquisition cost: I purchased the condo furnished and would have no idea of the cost of the existing furniture.  I do know none of it is brand new.  I have spent about $600 dollars buying a TV and lamps.  Is this the total acquisition I need to report?

2. Where do I find the SC Income Tax Depreciation Table?

4. There is a portion on the back of the form "for Residential Type Properties Only" is this the only section I need to complete?

3. If taxes are owed, do I send the payment along with the return?

Any help will be greatly appreciated.

Most Popular Reply

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
14,939
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12,330
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

I never fill these out and just pay the flat rate which is has always been less than $100.  

  • John Underwood
  • Loading replies...