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Investors & landlords
The subsidiary LLC in Alabama needs to meet all of it's state filing requirements regardless of who owns it. The same is true of the Texas parent company.
So you will file an Alabama partnership return detailing the activities that occur in Alabama. That should end your obligations to Alabama.
Your Texas franchise tax return has a space to put in the total income earned in Texas and the total income earned outside of Texas. Keeps you from being double taxed in Texas and Alabama.
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March 5, 2023
7:22 AM