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Updated about 10 years ago,
Investing out of State- Have IL LLC and have rental property in IN
Hello BP Pros:
I have a question on investing on other states with my LLC formed in my home state.
I have a LLC in Illinois and own a property (SFH) in Indiana in my LLCs name.
I want to rent that SFH for long term buy & Hold.
1. Do I need to register a new LLC in IN?
2. Or I just use my IL LLC name for all lease documents etc. and file IN income tax
for my LLC at tax time along with my Federal and IL tax return for my LLC?
Any pointer/advice is greatly appreciated.
Cheers!