Sample ST388/ST389 Tax Returns

Example below is for a month with $18,000 in rental income. Click on the Submit button to see the tax report generated as a PDF for printing and filing. The default date for the reporting period is set to "last month" as we normally prepare the tax return on the 10th of the following month so it can be filed by the deadline of the 20th of the month. This example is for Isle of Palms in Charelston County South Carolina. Other localities will have different calculations.

SC does provide an online system to file these forms. Learn more...

Tax information requested for 12/2021    File Return by:  01/20/2022     Period Ended: December 2021
Total Rent for the Period: $18,000.00    Payment discount is: .02 %
  Send to the State Tax Discount Net
A State Sales Tax - Line 4 Column B 5% $900.00 $18.00 $882.00
B State Accommodations Tax - Line 4 Column C 2% $360.00 $7.20 $352.80
C School District Tax 1% $180.00 $3.60 $176.40
D Transportation Tax .5% $90.00 $1.80 $88.20
E Local Option Tax - Isle of Palms - Isle of Palms 1% $180.00 $3.60 $176.40
  Total $1,710.00 $34.20 $1,675.80
  Send to the County - Charleston (with coupon) Tax Discount Net
  County of Charleston Accommodations Tax 2% $360.00 $0.00 $360.00
  City of Isle of Palms Accommodations Tax 1% $180.00 $0.00 $180.00
  Total $540.00 $0.00 $540.00
  Total for all taxes due     $2,215.80








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