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Out of state taxes/state of legal residence for military members
Hello BP,
I am in the Marines, currently deployed in the Middle East, based out of Camp Pendleton, CA (San Diego) but have my "state of legal residence" of Florida.
So....
If I were to invest in buy and hold properties out of the state California when I get home (Florida, Texas, etc), would I be taxed on my location in California? My "legal residence" where I vote, don't pay income tax (go Florida!)? Where the LLC is located (if I create one)? Or where?
Obviously I would like to get the best tax benefits possible, but I'm just not sure if any of that is in my control or if I just have to accept "as is" based on certain tax laws.
Thanks for the help!