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posted Mar 20, 2025 6:03:54 PM

IL LLC owns property in AZ

My multi-member LLC, registered in Illinois, owns a rental property in Arizona. Rental income is the LLC’s only source of income. Which state tax return should I file—Illinois, Arizona, or both?

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1 Replies
Expert Alumni
Mar 21, 2025 3:58:42 PM

Both.  Your earnings in Arizona will be taxable to Arizona and then you will be able to deduct any taxes paid to Arizona on your Illinois return.  So do Arizona first.  

 

@Melo888