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Updated almost 8 years ago on . Most recent reply

User Stats

36
Posts
20
Votes
Greg Rollins
  • Investor
  • Oceanside, CA
20
Votes |
36
Posts

Out of state taxes/state of legal residence for military members

Greg Rollins
  • Investor
  • Oceanside, CA
Posted

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!

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