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tax consequence on transferring rental properties from family trust to LLC in NH
I live in MA and have a few rental properties in NH. I use to report rental income in schedule E and file MA income tax on that as there is no income tax in NH. If I transfer rental properties to LLC, will there be any tax consequences in NH? I know there is no individual income tax, but not sure about rental income from properties under LLC. Please help.
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‎January 6, 2022
7:48 PM