You will report worldwide income on your federal and Kansas tax returns.You will also include the MO activity on your KS return.Your MO return will only include the acitivity within that state, which in this case, is the rental property.In the future, if you have income in MO(either through the sale of the property or through rental income), you will pay tax to MO but KS will give you a credit for any taxes you pay to MO.best of luck

I've found hurdles to be of different nature depending on type of project; flipping, new construction or rentals (I've done all three).

Because last I checked the diversity in Utah was nil...who of color wants to be in a state boom or not where diversity isn't a natural part of the entire picture of that state? 

Consult eviction attorney regarding commercial; I'm specifically a residential PM and commercial usually has different rules because of the nature of the investment and occupancy (tenant doesn't [usually] live there)

@Russell Brazil yes that is true and there is risk involved naturally.

Hi Jared,Im not the passive type—it’s just not in my nature.

Any amount over your adjusted basis in the property (initial cost minus depreciation) could be subject to capital gains tax unless you reinvest it strategically.2. 1033 Exchange (Involuntary Conversion): A 1033 exchange (involuntary conversion) is specifically designed for situations like fire, natural disasters, or eminent domain.

I’ve owned this property for four years, and this is the first complaint of this nature I’ve encountered, so I’m curious if, by leaving it as is, I could go extended periods without facing clog issues.Any advice is much appreciated!

We are seriously considering  rent to retirement properties given the relative passive nature.

Are we possibly cutting ourselves short here with a deal of this nature?