How to file taxes with an out of state LLC

I am a California resident. We opened an LLC with Wyoming end of last year. I need to file taxes for this entity. Will I be filing a return for two states in this case? I have not registered this LLC in California as a foreign LLC and am ready to dissolve it.

16838

Level 15

Jun 15, 2024 8:42:05 AM

There is nothing for you to file in Wyoming. Wyoming has no individual or corporate income tax.

Returning Member

Jun 15, 2024 2:43:31 PM

I have made a little income so how do I report this. Do I report this in California where I reside.

Level 15

Jun 15, 2024 4:35:13 PM

Yes. Your resident state can tax all your income, regardless of where you earn it.

Why sign in to the Community?

How to file taxes with an out of state LLC