Rental Business Personal Property Form
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1
2Name: _________________________________
Description: ______________________
Address: _______________________________
_________________________________
City, SC, Zip: ___________________________
TAX YEAR 2016
RENTAL BUSINESS
PERSONAL PROPERTY FORM
l. WAS THE PROPERTY DESCRIBED ABOVE RENTAL PROPERTY DURING 2015? YES______NO______
NAME OF RENTAL AGENCY
IF NO, EXPLAIN:
2. IS THE PROPERTY DESCRIBED FURNISHED (INCLUDING BEDS, TELEVISIONS, SOFAS,
TABLES, ETC)? YES______NO______ IF NO, EXPLAIN:
IF YOU ANSWERED NO TO ITEM 1 OR 2, PLEASE STOP, SIGN AT THE BOTTOM, AND RETURN TO THIS OFFICE.
FAILURE TO RETURN THIS FORM MAY RESULT IN WRONGFUL BILLING.
The following information may be taken from your latest Federal or State Income Depreciation Schedule. You may need to
consult with your accountant if furnishings are not divided from the real property depreciation. All furnishings, including
appliances, in a rental unit are taxable whether purchased or loaned. Please provide copies of your depreciation worksheets,
IRS Form 4562, and any other information to support the below figures.
Original Cost of Furniture, Fixtures and Equipment
(If not purchased new, estimate replacement cost 100%)
$_________________________________
(If this is a duplex, please list values separately)
Less: Income Tax Depreciation
(Accumulated depreciation may not exceed 90% for each item)
$_________________________________
Net Depreciated Value
(Must include at least 10% of value for each item in rental unit,
including those fully depreciated)
$_________________________________
IMPORTANT: A 10% PENALTY WILL BE APPLIED IF NOT RECEIVED WITHIN 30 DAYS OF THE DATE ON
THIS NOTICE.
I declare this return to be true and complete pursuant to the provisions of the Code of Laws 1976 and
amendments.
______________________
_________________________|_________________|____________
(Print name)
Owner
Telephone No.
Date
______________________
_________________________|_________________|_____________
(Print name)
Agent
Telephone No.
Date
____________________________
Social Security #/FEID
On the back of the form, list all owners together with addresses if not already listed. If property held in
Partnership or corporation, the above figures must reflect 100% values, not each partner’s share.
COLLETON COUNTY AUDITOR’S OFFICE
P.O. Box 128, Walterboro, SC 29488
Telephone: (843) 549-2131
FAX:(843) 549-6584
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