Updated over 8 years ago on .
Mitigating tax exposure - out of state mortgage notes
Hello Bigger Pocket's people. A local agent suggested this forum and I can see it is a wonderful community. Thanks for letting me participate.
We moved to SWFlorida over a year ago from PA. There, prior to moving, we have sold two properties and taken back mortgage notes (10 year balloons) @ 4.5-4.75%. I find it annoying that we have to file a PA tax return on the income. Is this one of those things where I should just live with the cost/bother of keeping a PA tax preparer, or is there some legitimate way to sensibly change the situation?