Quote:
Originally Posted by OrangeBlossomBaby
While the landlord doesn't pay the sales/tourist tax, he IS responsible for sending the money to the tax collector. He could cover the tax himself, he's not obligated to make the tenant pay for it. But he is responsible for making sure it gets paid.
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Yes, and it also depends on whether a person or business/legal entity owns the property.
Also, some people I know owned a home within their IRA and we're renting it out. According to the IRS, expenses, insurance, and taxes should be paid out of the IRA.
In other words, seek a tax professional for guidance and requirements to avoid surprises.