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An Act ENROLLED SENATE BILL NO. 342 By: Tandridge of the Senate and Russ of the House An Act relating to public finance; amending 62 O.S. 2011, Sections 855 and 859, which relate to the Local Development
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The Russ of Form House is a document used to report income and expenses related to a property.
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Individuals who own rental properties or second homes are required to file the Russ of Form House.
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The purpose of the Russ of Form House is to report income and expenses related to rental properties or second homes for tax purposes.
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Income, expenses, depreciation, and other relevant information related to the rental property or second home must be reported on the Russ of Form House.
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