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Victorville California online Form 8825: What You Should Know

You will need to complete your Application using the address for that permit. Will My Rental or Contractor Business License Apply to a Residential Rental Property? Yes, it's required to be a Rental Real Estate Business I have a State of California Consumer Permit. When completing the Rental or Contractor Business License Application online, what address do I use for my business?  You will need to complete your application using the address for that permit. Are my rental real estate activities tax-deductible? Yes, your rental real estate activity is tax-deductible. To learn more about how your rents are tax-deductible, contact the  California Department of Tax and Fee Collection Office or your county assessor.  Do I need to pay any fees to register as a rental real estate salesperson?  There are no fees. How long does my State of California business license last? Your business license is valid for 5 years. If your business expands, you will be required to renew it  on a staggered basis. You will need to contact the California Department of Tax and Fee Collection Office to renew your  license every 5 years (or until it expires, whichever comes first).  How do I renew my rental real estate business license?  The Department of Business Oversight (DOB) will update your license with any changes after you make your  renewal, until your renewal is complete. If I have a Federal Rental Real Estate Tax Credit, why do I need a California R&R License?   Federal Rental Real Estate Tax Credit applicants must make sure their sales activity is limited to rental real estate as opposed to other non-rents like real-estate investment or investment income.  The Federal Rental Real Estate Tax Credit requires that the sale of a home be for the principal purpose of rental, unless a  person is renting out the property for short-term, vacation, or vacation-like uses.  For example, if you were making a 300,000 home sale and using it solely to rent out the property at 100 a month, your rental  real estate activity would not qualify for a Federal Rental Real Estate Tax Credit.

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