SLLC state taxes for rental

[Jackie Linne]

Hi everyone. I have a quick question. 

I have a registered SLLC in Toledo for a rental. I live in California.  Do I also have to file taxes for the State of Ohio too??

Thanks.

[Michael Plaks]

Ohio situation is a little tricky. If you have a mortgage on that property, you will likely show  a tax loss after including depreciation. Technically, it means that you do not have to file an Ohio state non-resident tax return. 

However, many tax professionals believe that you still DO need to file this return in order to preserve your losses for future use when you eventually sell this rental.

Your worse problem is California, not Ohio. Even though your property is in Ohio, you will need to file a California LLC tax return and pay your greedy state $800 each and every year.