Out of state investing Birmingham AL

Member since 2018 · 43 posts · 19 votes

Hey folks, so I am planning on buying a SFH this year in Birmingham AL. As an out of state investor from California, I was wondering if there are any legal or tax considerations I need to take into account. The property will be part of my CA LLC business for now. Any comments, thoughts or guidance would be appreciated.

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Jared Logan
Real Estate Agent · Birmingham, AL · Member since 2020 · 11 posts · 11 votes
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@Ryan Boltman
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Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
5y
@Ryan Boltman

Tax considerations
1) You will now be required to file an Alabama state tax return going forward
2) You have a CA LLC, as a result, you will need to file a CA LLC tax return and pay $800 on an annual basis.
3) You may be required to register your CA LLC to do business in AL
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