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Updated about 6 years ago on . Most recent reply

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Pankaj Sharma
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Investing in MF property in Massachussetts as a non -state entity

Pankaj Sharma
Posted

I am planning to purchase a 6 unit MF property south of Boston. But I am a resident of the state of TN and not MA. Can I still buy a property with an LLC registered in say Delaware. What will be the implications for paying taxes in all three locations.

What is the best option to minimize tax related paperwork and paying tax in all three states.

On a side note, I do have two existing properties in MA with a partner who lives in MA but he is not partnering in this deal so I can't use his MA address.

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