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|Tourist Development Tax|
|At times during the year, my property is used by family or friends. Am I required to collect tourist tax?
This answer has been viewed 3711 times and was last updated on 09/15/2017.
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If you collect rent from them or accept any form of compensation in lieu of rent, you are required to file a tax return and collect the tourist tax based upon the rent paid or the fair market value of the compensation received in lieu of rent. One example of a taxable transaction is if a friend stays in your condo unit and pays your HOA fees during that time.
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