Aaron DAngelo
Returning Member

Moving states and rental income

Hello,

 

I'm trying to plan out moving states; in this case moving from Georgia to Florida for some of the tax benefits for both salary and company equity.  I currently own my home and don't plan to sell it but want to look into having a short-term rental company manage it like an Airbnb. Even though I will be living in Florida and become a resident, would I have to pay taxes on the income earned from the house to the State of Georgia since that's where the house is or not? Also would I be better forming a LLC for the rental property? What would the tax benefits be of forming a LLC for the house?