Turnkey Missouri taxes

[Juan Lozano]

Hello all BP investors. I live in California and bought my first rental home in the state of Missouri. I was wondering if I have to also file State taxes in Missouri? If so, is the property taxes also considered a deduction for the passive income? Thank you for your time and response.

[Ryan Fox]

Check with your CPA, but I believe you don't have to file a MO state return if your federal return shows a loss for the property.  And also check with your CPA about this but I believe property taxes can be used as a deduction against the passive income.