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TAX YEAR CITY OF CHESAPEAKE, VIRGINIAForm # B123Return of Business Tangible Personal Property for Local Taxation Commissioner of the Revenue. O. Box 15285; Chesapeake, VA 23328 7573826739; 7573828822
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Form B123 is a tax form used to report income and expenses related to rental properties.
Individuals who own rental properties and receive rental income must file Form B123.
Form B123 can be filled out by providing information on rental income, expenses, and any deductions related to the rental property.
The purpose of Form B123 is to report rental income and expenses accurately to calculate the taxable income from the rental property.
Information such as rental income, expenses (repairs, maintenance, utilities), deductions (mortgage interest, property taxes), and any other related costs must be reported on Form B123.
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