CPA- Where Do I Need One??

[Account Closed]

Hello BP! 

Got another question that I am sure has been asked 1000's of times and I hope this is the right forum-

I live in Los Angeles, California and am planning to do some out of state investing in Milwaukee, Wisconsin- mostly looking for 2-4 unit properties. 

Anywho I am wondering where I need to file state taxes for my rental income- Wisconsin or California? I would dare say I need that CPA to be in that state? 

Any and all help is greatly appreciated BP!

Jorge

[Logan Allec]

You will need to file a Wisconsin nonresident return (Form 1NPR) since your gross income in Wisconsin will exceed $2,000 (that is Wisconsin's nonresident filing threshold).

You would also report the rental income on your California return since California taxes worldwide income, but you may take a credit for any taxes you pay to Wisconsin on your California return.

People typically hire CPAs in the state where they live, but that's becoming less and less of a necessity is this age of technology.