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

 
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3 Replies

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

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

 

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

Just in Atlanta.

I do not have residency in Georgia.

Technically I'm bi-Coastal.

Hal_Al
Level 15

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

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.

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