There is no statewide uniform rent tax in Arizona, but all cities, except Flagstaff and Tucson, impose a local “rent tax” to some degree. If you live in Phoenix, for example, you pay a 2 percent tax on your monthly rent bill. If your rent is $1,000, you pay an additional $20 that goes into the city’s general fund.

What is TPT number?

Arizona transaction privilege tax (TPT), commonly referred to as a sales tax, is a tax on vendors for the privilege of doing business in the state. Various business activities are subject to transaction privilege tax and must be licensed.

The City’s tax rate is 2.3%; there is no State or County tax on residential rental. WHEN IS TAX DUE? Your tax return and payment are due on the 20th day of the month following the reporting period.

When do you need A TPT license for rental property?

A city TPT license is only required if your residential real estate is in a city that imposes a tax on residential rental rent. Starting with the January 2018 reporting period, PMCs will no longer be permitted to report and remit TPT using their own TPT license (formerly referred to as a “Master License”) on behalf of client property owners.

What are the tax forms for rental real estate?

In addition to filling out the IRS Form 8825 Rental Real Estate Income and Expenses of a Partnership or an S Corporation, these business entities would need to file their taxes using Form 1065, U.S. Return of Partnership Income to report revenues, expenses, gains, and losses of their business operation.

Where can I file a TPT form in AZ?

TPT Forms. Arizona Transaction Privilege Tax (TPT) is a tax on the vendor for the privilege of doing business in the state. We strongly encourage taxpayers to file online via the AZTaxes.gov website for faster processing and fewer errors.

Do you have to file a rental income tax return?

Attention property owners and property management companies: Remember even if you did not rent the property for a filing period, you must still file a $0 TPT return. Residential Rental is the rental of real property for a period of 30 or more consecutive days for residential purposes only and not commercial.