Paying Tax on Rent
I am filing with the state to form an LLC in which to purchase homes and rent them out. There are a lot of questions about sales tax. Do I pay sales tax on the rent that I will be collecting? And if I do, is it just for the total amount that I collect or just the profit? Ex. I charge $1600 a month in rent but after expenses only pocket $200. Would I pay sales tax on the $1600 total or the $200 profit? Thanks!