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Author: ironh Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118614  
Subject: City income taxes Date: 11/27/1999 9:54 PM
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I live outside the city limits , so even though my income is derived from inside the city limits ,I have never had to pay city taxes . Now that I own rental property inside the city I am told I must pay city income tax on the profit from the rentals. Can this be true ? I dont understand the difference in income from my job and income from the rentals . both incomes are from inside the city and both go to me outside the city . Why would one be exempt and the other not ?

Ironh
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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 21935 of 118614
Subject: Re: City income taxes Date: 11/28/1999 3:51 PM
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<< I live outside the city limits , so even though my income is derived from inside the city limits ,I have never had to pay city taxes . Now that I own rental property inside the city I am told I must pay city income tax on the profit from the rentals. Can this be true ? >>

Sure can be. Whatever the law allows. Just be happy they don't tax your earned income from city sources. Most cities with an income tax do, I believe.

Phil Marti
Tax Preparer

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