An Introduction to Renting Residential Real Property

If you are subleasing real property, you may claim a deduction of up to 87.5% (0.875) of your gross rental income so that the GET rate on subleases would be the equivalent of 0.5%. See Forms G-71 and G-72 for more information. Effective January 1, 2018, the TAT rate on your gross rental proceeds will increase by 1% from 9.25% to 10.25%. ................
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