Buying & Selling Real Estate Discussion

User Stats

2
Posts
0
Votes
Cynthia Neal
  • Specialist
  • San Francisco, Bay Area
0
Votes |
2
Posts

CA Partnership with manager managed WY LLC

Cynthia Neal
  • Specialist
  • San Francisco, Bay Area
Posted Oct 2 2019, 16:53

As a CA Partnership we file a 1065 in CA. We are now looking to open a manager managed WY LLC for privacy and liability protection for property investing out of state. Can we make the WY LLC a disregarded entity and flow thru to our CA Partnership for tax purposes? Or do we still have to file the WY LLC as a nonresident for California tax requirements? The manager would be the registered agent for WY LLC. with bank account and business address in WY. I get different answers from CPAs and Attorneys.

Loading replies...