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A Contractors License (Residential Light Commercial Contractor) is required in ... a bank credit reference form showing 24 month history; a $25,000 surety bond; ... If applicant is applying as an
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Residential-light commercial refers to properties that are primarily intended for residential use but also have a small commercial component, such as a home office or small storefront.
Owners or landlords of residential-light commercial properties are required to file the necessary paperwork for tax purposes.
To fill out residential-light commercial, you will need to provide detailed information about the property's usage, income generated from the commercial component, and other relevant details.
The purpose of residential-light commercial is to ensure that properties with both residential and commercial components are appropriately taxed and accounted for.
Information such as rental income, square footage of commercial space, and any expenses related to the commercial component must be reported on residential-light commercial forms.
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