Out of State Owner - Tax question upon SC property sale
Hello, I live in PA and have owned a rental property in the Columbia area for about 3 years. I may be interested in selling it early next year. In PA and MD, if you are an out of state owner, there is an additional tax that must be paid at settlement. In MD, you can create an MD LLC and that exempts one from paying the additional tax. Does anyone know if an out of state owner that owns property in SC must pay additional taxes when they sell their SC house as an individual and whether there is any tax benefit to creating a SC LLC for this reason? Just checking in advance so I can be prepared! Thank you.