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Out of state LLC taxes
I have a tax-related question that I couldn’t find a direct answer to in the forums.
I live in Texas and
considering investing in a multi-family partnership (LLC)
that is registered and operating outside of Texas. (I will receive a K-1 come tax time.)
Do I have to file a state tax return in the home state of the LLC?
Do I have to pay state / local taxes in the home state of the LLC?