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Tax, SDIRAs & Cost Segregation

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Eric F.
  • Pullman, WA
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WA -> Idaho Investing - Property & Income Tax Impact?

Eric F.
  • Pullman, WA
Posted Feb 2 2018, 18:06

I live in Washington near the border to Idaho. I'm interested in investing in Idaho, but I have zero experience with Idaho taxes (or state income tax at all for that matter).

Questions:

  • I've heard that property taxes in Idaho are higher for out of state owners vs. residents (i.e. a house could cost $2K in annual taxes for a resident, but may be $3K for an out-of-state owner).
    • Is this true or just rumor?
    • If so, by what %?
  • Is my rental income from an Idaho property subject to Idaho state income tax?
    • If so, does Idaho state income tax impact my Federal tax return at all (i.e. taxed twice?)
  • Are there any other cross-state pros or cons for investing from WA -> ID?

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