Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 10 months ago, 03/06/2024
Personal Property Tax Return County of Horry
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.