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State tax filing
Yes, according to the Kentucky Department of Revenue, Individual Income Tax is due on all income earned by Kentucky residents and all income earned by nonresidents from Kentucky sources.
However, if you file a separate federal business return for the LLC, you would file a Kentucky business return instead.
In either case, you would also pay Limited Liability Entity Tax (LLET). If either total gross receipts or total gross profits amounts to $3 million or less, then you would just pay a $175 minimum LLET.
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February 21, 2023
11:08 AM
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