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Updated over 1 year ago,
Taxes for Out of State Investments
I am looking for clarification on the tax implications of purchasing investments properties outside of the state of Texas. I currently reside in Dallas where my LLC was formed and will remain based. I am considering purchasing rental properties in the Milwaukee, WI area and would like to understand how my rental income will be taxed in both Wisconsin and Texas, if at all. Would you mind providing information on how this works and any pitfalls to avoid.