Is net income from income property subject to state tax?

Is income from multifamily or leased property such as single tenant, or capital gain from sale of such properties subject to state tax. The holding is with an LLC.
In Leasing Property - Asked by Noam A. - Aug 1, 2012
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Israel S.
Brooklyn, NY

you have to ask a proffesssional

Aug 2, 2012
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Deven B.
Williamstown, NJ


Aug 8, 2012
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Tim T.
Phoenix, AZ


Aug 8, 2012
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Joseph L.
Orlando, FL

Not if you claim you primary residence in Florida, No Income tax in Florida!

Sep 1, 2012
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Jeff R.
Lender/Mortgage Broker
Birmingham, MI

I agree, yes. The depreciation you get from owning can help reduce you tax rate though.

Sep 13, 2012
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