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Updated over 5 years ago,
LLC in which state and tax return complications
Hello everyone,
I live in Washington state and have a few rental properties in Alabama. I want to open a LLC for any future buy and hold deals and keep the properties in an LLC. The LLC will be owned by myself and my wife. I have a few concerns about it and haven't been able to get concrete answers on these:
- Since Alabama is not a community state, so I need to file partnership tax returns for such an LLC?
- If yes, will it help if I open a WA state LLC for the Alabama properties? According to Alabama's dept or revenue single member LLCs are considered disregarded entities.
Thank you for the help.