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Updated about 7 years ago,
State income tax property in non income tax state LLC
I currently have an LLC in TN. The 2 properties currently in this LLC are both in TN. TN has no state income tax. I was considering adding a property that is in Georgia into this LLC. Georgia has a state income tax. I have found conflicting info, that doing this could cause me to have to pay state income taxes on the entire LLC income. Are there any other negatives that I might not be considering? Can someone clarify this for me? If this is the case I will not be adding this property into this LLC. Thanks in advance.