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Tax, SDIRAs & Cost Segregation

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Joseph Hammel
  • Rental Property Investor
  • Lake Hallie, WI
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281
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Future move tax implications.

Joseph Hammel
  • Rental Property Investor
  • Lake Hallie, WI
Posted Aug 18 2019, 08:34

Hello BP community. In a few years I may move to Wisconsin from Minnesota to be closer to my wife's family. All my rentals are in Minnesota. Most are in my name and a few are in a LLC in my name. The LLC ones just "flow through" on my taxes. Would I end up paying income tax in MN and WI? Are there any tax moves/ structure to minimize this? Any tax professionals, accounts or other investors out there please chime in.

Thanks in advance!

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