How to deal with the state tax return when someone has a rental property in DC

Forum|Forum|2 years ago
January 24, 2024
1 reply
5 views

This is an individual tax return (form 1040) question.

Taxpayer background: Married couple who files their form 1040 as married filing jointly. They are Maryland residents, they have W-2 income, capital gain, and rental income in 2023. They have a rental property in DC(they received rental income in 2023) and the property is under the couple's name.

My question is what needs to be done/filed regarding their DC rental property? I am not sure if I only need to file the form D-30 SUB Unincorporated Business Franchise Tax Return for this situation. or do they need to file any DC state return?

Thank you for your help!

ProConnect Tax

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itonewbie

Level 15

This should answer your question...

https://dlcp.dc.gov/sites/default/files/dc/sites/DLCP/publication/attachments/OTR%20Rental%20Property%20FAQs_0.pdf

---------------------------------------------------------------------------------Still an AllStar

W

workhard2022Author

Level 5

This couple's rental income from the DC property is above $12000. So, they will need to file form D-30 (Unincorporated Franchise tax return). In addition, this taxpayer needs to file a Personal Property Tax return (FP-31). These two should be all the filing requirements regarding their DC rental property, right?

Thank you so much for your help!

sjrcpa

Level 15

Yes, for taxes.

Then there may be licensing, inspection, clean hands certificate, etc. But not your problem.

The more I know the more I don’t know.

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