Hi all,
I have Googled, to no avail. From my experience, this board has well-qualified experts from just about every field, so I thought I would send up a flag:
Can anyone shed light on this tax and / or how I go about recouping some of it as a tax refund?
Second question:
If I sell the house, what is sales tax rate / percentage?
Again, searched, no firm answers...
Thanks in advance!
I have Googled, to no avail. From my experience, this board has well-qualified experts from just about every field, so I thought I would send up a flag:
- I live in Dallas and am renting out our house in Orange County.
- I have been paying some sort of real estate tax to the California Franchise Tax Board (FTB) on a monthly basis.
- The first year that we had tenants my property management company filed for a waiver of the tax, but it was declined. The FTB didn't provide an explanation of why it was declined.
- The PM company then indicated that inspite of the no waiver, I would get all of the money back after filing my taxes. I got back less than half of what I paid.
- The second year of leasing the PM company again filed for a waiver, again it was declined. Again the FTB didn't say why, and this time I got zero refund on these taxes.
Can anyone shed light on this tax and / or how I go about recouping some of it as a tax refund?
Second question:
If I sell the house, what is sales tax rate / percentage?
Again, searched, no firm answers...
Thanks in advance!
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