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Updated almost 7 years ago on .
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Turnkey Missouri taxes
Hello all BP investors.
I live in California and bought my first rental home in the state of Missouri. I was wondering if I have to also file State taxes in Missouri?
If so, is the property taxes also considered a deduction for the passive income?
Thank you for your time and response.
Most Popular Reply
Check with your CPA, but I believe you don't have to file a MO state return if your federal return shows a loss for the property. And also check with your CPA about this but I believe property taxes can be used as a deduction against the passive income.