Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply presented by

User Stats

31
Posts
9
Votes
Matt Daley
  • Ambler, PA
9
Votes |
31
Posts

Out of State Investing? File a tax return?

Matt Daley
  • Ambler, PA
Posted

I live in PA and have a PA LLC... I am looking at purchasing investment properties in NJ. I was curious if anyone who has done this has had to pay any sort of tax or file a NJ State return? I just want to make sure I account for all of my figures when running the numbers. My accountant usually take a few days to get back to me and I may need to make a quick decision on 1 particular house.

Thanks!

Most Popular Reply

User Stats

3,741
Posts
4,492
Votes
Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
4,492
Votes |
3,741
Posts
Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied

Any state you earn income in you're considered in business in that state. 

You'll need to file there and there will likely be a credit system between states to avoid double taxation- but adding state returns to your filing will add cost to your annual fee with your CPA. 

Some states have no state tax, or no tax on rental income at lower levels, and avoid this: 

TX, FL, WA, Ohio in some situations 

business profile image
Kolodij Tax & Consulting

Loading replies...