A DC T/P OWNS A CONDO. T/P CONVERTS CONDO TO RENTAL. IS T/P NOW SUBJECT TO UNINCORPORATED FRANCHISE TAX. RENT RC'D WAS 13,390 NET LOSS OF 9,255? - Intuit Accountants Community

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A DC T/P OWNS A CONDO. T/P CONVERTS CONDO TO RENTAL. IS T/P NOW SUBJECT TO UNINCORPORATED FRANCHISE TAX. RENT RC'D WAS 13,390 NET LOSS OF 9,255?

1 Comment 1

Yes. Gross is $12,000 or more which is the threshold.

Ex-AllStar