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Updated over 2 years ago,

User Stats

29
Posts
10
Votes
Jordan Jaramillo
  • Rental Property Investor
  • Pensacola, FL
10
Votes |
29
Posts

Aleiviating the Taxes and LLC

Jordan Jaramillo
  • Rental Property Investor
  • Pensacola, FL
Posted

I reside in a state that HAS state income tax, however I have rentals in FL and FLorida does not have state income Tax.

If I want to put those rentals into an LLC, can I avoid paying state income tax on the rentals in FL, by assigning the address of that LLC to another home we own in FL (with a mail forwarding address to the state in which we reside),

OR

do I have to assign the rental LLC in Florida to my current state in which I reside and pay the state income tax where I reside on the property in Florida that is generating income in a non income tax state?