TNTAP is the state site for revebue and taxation. 

They have no choice, I sell to non-qualified buyers (They have a down payment but can't get a bank loan).Single member LLCs default to pass through taxation

I would refer to it as taxation not extortion, but either way - they need the $.

I live in Colorado and would like to purchase my first rental here, but it seems too risky with all of the upcoming restrictions and potential quadrupling of lodging taxes.Seems like commercial taxation of Colorado STRs might be amended pretty heavily.

Authority: Section 15606, Government Code.Reference: Sections 105, 211, 223, Revenue and Taxation Code.

In general, capital gains from the sale of an asset may be subject to taxation.

There's now a competing bill in Colorado about property taxation of short-term rentals. 

-and will be benefit enough to trigger taxation.

If you need any recommendations for CPAs specializing in real estate taxation, feel free to reach out.

I thought in some instances married owners were treated as one, so I'm not sure.I think the issue is how is the NC taxation filed.