George4Tacks
Level 15
10-22-2023
09:20 AM
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I believe that all rental income is taxable to a CA LLC, regardless of the state it is in. Just like an individual, there can be a tax credit for tax paid to the other state. I also believe that they need to file a Texas Franchise Tax form.
I might be wrong and I don't have specific references for this. Hopefully others will chime in.
Here's wishing you many Happy Returns