Nathan Loomis
Sales Taxes on Repair Supplies?
My wife and I have just purchased our first rental property. We have an LLC and an EIN number. We are going to be making some repairs to the house. I've been doing internet research for over an hour and I'm having ...
Uwe K.
Sales tax exemption for rehabs?
I am just coming from a friend's company where a sales rep and office lady discussed if certain items should be sales tax exempt because they are being used in the manufacturing.
This gave me the idea that the sheet ...
Jim C.
Paying Sales Tax on New Construction in Florida
Anyone know if you have to pay 6% sales tax on new construction SFR in Florida, specifically the Bonita Springs area? I am looking to build new construction and not sure if I have a new house built, if there is sales ...
Brooke Tassoul
Should General Contractors be charging state sales tax?
Hello,I'm BRRRRing my first property and had a question about sales tax on the renovation quote. I was under the assumption that sales tax is only charged on goods and not labor or supplies. However, my GC sent a quot...
Matthew Stapleford
Sales Tax on Self Storage in Ohio
I am looking at purchasing a self storage facility in Ohio and am trying to figure out whether or not I have to pay sales tax on the rentals. Does anyone have experience with operating storage facilities in Ohio? Any ...
Adam Gagne
Sales Tax not Contractor's Bid, but requested at end of job
Hello,I've received a few bids from Contractors to rehab a property, and most do not include sales tax. How is sales tax usually handled with General Contractors?The reason I ask, is that I was about to choose one Co...
Dan L.
Sales Tax for New Windows
Hello BP Fam! I have a question. I am replacing all the windows in a rental house rehab. The windows themselves are costing me $4,400 + $400 in sales tax. I'm having someone else install them. This is a capital improv...
William Jasin
Collecting Sales Taxes, Advice Needed
I am setting up an LLC. My attorney said I can use 1 LLC for all my business but I don't know if she is thinking about all the tax consequences. Under the LLC I am going to have 2 DBAs. One is for my wholesale and fli...
Jaago Viitkin
Bookkeeping / CPA question
I opened an LLC in New Jersey.This LLC rented a multi-family property and is subleasing the house to regular tenants.The LLC needs to make renovations in the house and my question is how to work with sales tax??For ex...
Lisa Carpenter
Charge tenants monthly sales tax in AZ?
The first time I rented, a realtor did everything for me. He charged a 1.5 sales tax against the monthly rent fee. I did not specify that I would be charging sales tax when I accepted their application and approved ...