Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

Taxes for out of state LLCs
Hello everyone!
I recently formed an LLC in OH for a newly purchased duplex. I'm a little over halfway through the rehab and excited for my first BRRRR!
Being based in Denver and my question is: is it best practice to use an OH based CPA for the LLC's taxes? If so/not so, why?
Thanks,
John
Most Popular Reply

You don't have to use an Ohio based CPA just someone who has experience with Ohio. There are many multi-state experienced CPAs out there. If it is a single member LLC it is pass through so nothing special involved but you do have to file Ohio taxes on Ohio income and pay any LLC business tax Ohio may impose on LLCs (not knowing Ohio I don't know if this is relevant).