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Taxes on a llc when doing a fix and flip
So my llc is formed and operating business only in Ohio and as single member. But I lived in New Jersey. Would I get taxed from New Jersey or Ohio on profit? And I’m keeping the profit in the business to reinvest.
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@Anthony Warren Ohio will tax you and as others have said you will need to worry about city taxes with Ohio. Ohio has a small business deduction that may prevent you from paying tax at the state level.