Florida resident investing in Ohio

[Lloyd Winston]

1. Brother has real estate flip operations in Ohio. 2. I live in Florida and would like to participate in his flip operations as a co-investor on a deal by deal basis. 3. What is the best structure for investment dollars to flow from Florida to Ohio and gains to flow from Ohio to Florida. 4. What is the tax filing requirements for Ohio. 5. What is the tax filing requirements for FL For 4 and 5 I suspect Ohio will need a non residency filing and the income will be taxed at the state level in Ohio. For FL there is no state taxes but the income will be taxed again on my personal 1040 through the Ohio entity k1 to me... Florida may see that as foreign income earned outside of Florida. I hope that doesn’t trigger withholding on that outside income to Florida.. Let me know your thoughts on this if you have experience with these types of transactions. I appreciate your time on reading my post... Lloyd