All Forum Posts by: William Morrison

Thanks Nathaniel, new to this board and didn't realize "Silver Spring, Maryland" is right there under my name.  Great board.

Maryland taxes are fairly straight forward.  At least to me.
Although if you took the Economic Stimulus Depreciation you have to have your Federal Taxes filled out with and without it for the life of the property and carry both to a State From and they didn't clear that up until last year.

Thanks Jon, that's what I thought.
I'm in a non-real estate partnership out of state (CA) and it's involved.
I'm silent, passive partner, still one day in CA triggers more.

I would assume I would still file with a loss to have the loss carry forward documented.

I looking at buying some rental property out of state.
Both states have income tax.
So at that point am I filing income tax in every state in which I would own property?
And then the whole deal with number of days spent in each state.
I will have a property manager but would visit now and then.