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Mississippi investment property

MDH0122 — Fri, 09 Oct 2020 15:33:25 GMT

I live in Tennessee which has no state income tax. In 2020 I sold a investment property in Mississippi. I owned the property for about 14 months and never rented it. Property was owned by a Mississippi single member LLC. Do I need to file a Mississippi state tax return for a flip property I sold in Mississippi?

Re: Mississippi investment property

Anonymous_ — Fri, 09 Oct 2020 16:34:12 GMT

@MDH0122 wrote:

Do I need to file a Mississippi state tax return for a flip property I sold in Mississippi?

You have Mississippi source income so you may have to file a return in the state if the income thresholds are exceeded.

See https://www.dor.ms.gov/Forms/80100191.pdf