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Updated almost 10 years ago on . Most recent reply presented by

Timothy Smith's profile image
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Timothy Smith
  • from Colorado Springs, CO
  • Member since May 7, 2015
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Timothy Smith's profile image
Timothy Smith's profile image
Timothy Smith
  • from Colorado Springs, CO
  • Member since May 7, 2015
Connect
Timothy Smith
  • Colorado Springs, CO
5
Votes |
9
Posts
Tax, SDIRAs & Cost Segregation

Location of LLC for turnkey rental properties

Timothy Smith
  • Colorado Springs, CO
Posted

Hello BP Community,

I'm preparing to purchase an out of state turnkey rental property. I realize the merits of this strategy has potential to spark a lively debate on this forum but that is not the focus of this post. I intend to purchase this property under an LLC. My question is, should the LLC be established in my state of residence or in the state of the property itself? Will the location in which the LLC is established have tax implications for the rental income?

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