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Updated almost 8 years ago on . Most recent reply
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Does out of state real estate investing complicate taxes?
Hi all, just have a simple question today. Does anyone know if investing in real estate out of state complicate taxes? If so how so? I assume I'd have to start collecting some sort of data and filing state tax for each state I invest in or something right?
Trying to decide if it's better to limit investing in just one state or invest in multiple states from a tax perspective in the interest of keeping things simple
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Jack Smith It will slightly complicate things and you may be required to file in a few states, but it's nothing that a good accountant can't handle. Don't let that deter you from investing a market that you are interested in. If the numbers make sense, go for it!
Hope this helps.