topic I'm a Washington state resident and I own an LLC in Atlanta, Georgia. What tax approach is best? in State tax filing

I'm a Washington state resident and I own an LLC in Atlanta, Georgia. What tax approach is best?

jrmcdonald00 — Thu, 16 Dec 2021 16:40:38 GMT

Re: I'm a Washington state resident and I own an LLC in Atlanta, Georgia. What tax approach is best?

Mike9241 — Thu, 16 Dec 2021 17:16:21 GMT

do the LLC's conduct business activities including rental activities in those states?

Re: I'm a Washington state resident and I own an LLC in Atlanta, Georgia. What tax approach is best?

jrmcdonald00 — Thu, 16 Dec 2021 19:47:30 GMT

Just in Atlanta.

I do not have residency in Georgia.

Technically I'm bi-Coastal.

Re: I'm a Washington state resident and I own an LLC in Atlanta, Georgia. What tax approach is best?

Hal_Al — Thu, 16 Dec 2021 23:25:16 GMT

The general rule is: your report all your income on your home state return, even the income earned out of state. You file a non-resident state return for the state you earned income in and pay tax to that state. Your home state will give you a credit, or partial credit, for what you paid the non-resident state. You will have to file a non resident GA state return and pay GA tax on the income earned there.

Since WA does not have an income tax, you get no credit but do not have a resident return to file. But you still have to pay tax on that income to GA.