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Texas Franchise Tax Question
Hello, my question is in regards to Texas Franchise Tax:
I formed my LLC in 2023, as a Series LLS (4 properties), Is all rent received from the 4 rentals added together and submitted as one business income or is it broke out individually and filed by each rental?
Thank your
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Michael Plaks
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It's added together, however it doesn't matter anyway, because there is no tax and no reporting on your LLC, except for the ownership report known as PIR - Public Information Report