If you live in CA, and your LLC is in OR, you still need to register it in CA and pay the 800 dollar per year LLC tax.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

Hi All, any input on renovating a house and possible tax exemptions under an LLC?

@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

BTW behind Texas.When all forms of taxes are calculated (income, property, and sales tax), CA ranks below the middle of the nation in total tax rate.  

5 Tax Mitigation Strategies Every Real Estate Investor Should KnowAs a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio.

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.