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Updated over 8 years ago on . Most recent reply

Jack Filo's profile image
Jack Filo's profile image
Jack Filo
  • from Jerusalem, israel
  • Member since Apr 12, 2017

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Jack Filo's profile image
Jack Filo's profile image
Jack Filo
  • from Jerusalem, israel
  • Member since Apr 12, 2017
Jack Filo
  • Jerusalem, israel
0
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5
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Memphis Real Estate Forum

Cost of LLC tax and fees in Tennesse

Jack Filo
  • Jerusalem, israel
Posted

Hi Memphis Real Estate people,

My name is Jack, and I am in negotiation for a property in Memphis. The property will be under an LLC.

Does anyone know what is the annual fee for the LLC Holding in Tennessee?

Do you know if there is a State tax for the property income in addition to the federal tax?

Any other special comments regarding tax payments for LLC in Tennessee will be highly appreciated. I know the answers of the members of this forum is not a replacement for tax consultation, but I would love to get your input and learn from your experience.

thanks so much

Jack

Memphis, Tennessee
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Curt Davis's profile image
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Curt Davis
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Aug 30, 2008

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Curt Davis
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Aug 30, 2008
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

Anywhere in the $300 range but then you will also have to file a tax return on your rental income so there is possibly another expense.

  • Curt Davis
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Curt Davis - KAIZEN Realty
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