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City of Norfolk Sharon M. McDonald, Commissioner of the Revenue Application for Certification As a Short term Rental Business Section 1 To be completed by business owner (for each location) Applicant
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Step 1: Gather all the necessary information and documents required to fill out the BT-Short Term form.
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What is bt - short term?
Short term bt refers to short term capital gains tax, which is the tax levied on the profits from the sale of assets held for one year or less.
Who is required to file bt - short term?
Individuals or entities who have made a profit from the sale of assets held for one year or less are required to file short term capital gains tax.
How to fill out bt - short term?
To fill out short term capital gains tax, one must report the profit from the sale of assets held for one year or less on their tax return.
What is the purpose of bt - short term?
The purpose of short term capital gains tax is to tax the profit made from the sale of assets held for one year or less.
What information must be reported on bt - short term?
The information that must be reported on short term capital gains tax includes the details of the assets sold, the purchase price, the sale price, and the amount of profit made.
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