Taxes out of state, how much?

[Hernan Guelman]

I have few multi-family in TX and AZ, and thinking about IL and others via syndications but, the fear of doing taxes for each new state I put 10K into is stopping me.

anyone can LMK how much:

1/ they pay their CPA

2/ it costs extra for each state they add? 

this way I can at least know if 10K is worth the cost or I should avoid any state that requries to file taxes unless I have xxxK to invest. thanks!

[Basit Siddiqi]

@Hernan Guelman

Doing business in another state may require you to file a non-resident return with that state. As you are aware, this is additional work for the accountant and you will likely be billed appropriately. 

How much you will be charged depends on several factors.

Are you investing in a state with a complex tax return/tax laws.
New York, California, New Jersey have slightly more complex returns/laws than say Pennsylvania or Maine.

Are you generating a loss from the syndication which requires complex NOL/Passive loss carryforward forms. 

Is the accountant familiar with the tax forms of that state or is it the first time he/she is filing in that state.
Are you going with a large accounting firm or a smaller accounting firm. Smaller accounting firms are more flexible on price(normally).

With that said - it is a cost but I wouldn't expect it to be more than a couple hundred dollars.