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Prop K and Prop L are forms used to report gross receipts from parking lot operations in the city of Los Angeles.
Property owners who operate parking lots in the city of Los Angeles are required to file Prop K and Prop L.
Prop K and Prop L forms can be filled out online through the city of Los Angeles website or by submitting a paper form by mail.
The purpose of Prop K and Prop L is to report gross receipts from parking lot operations and calculate the correct tax owed to the city of Los Angeles.
On Prop K and Prop L, property owners must report the total gross receipts from parking operations, any deductions or exemptions claimed, and calculate the tax owed.
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