State taxes other than resident state

brianlse · ‎June 1, 2019

I live in NY, own a rental property at PA under a PA LLC.

Do I have to file a separate business return for this PA LLC?
I file it under my personal return but it also show filling all my NY earning to PA, it did not look correct.

re2boys · ‎June 1, 2019

If the rental LLC is a single owner entity, you do not need to file a PA business return. However, you do need to file a PA non-resident personal return reporting only the rental income and expenses.

Prepare federal first.

Then prepare the PA non-resident return reporting only the rental activities.

And finally prepare your NY resident return reporting ALL income, even that reported to PA. Be sure the return contains a credit for taxes paid to another state if you owe PA income taxes for 2017.

View solution in original post

re2boys · ‎June 1, 2019

If the rental LLC is a single owner entity, you do not need to file a PA business return. However, you do need to file a PA non-resident personal return reporting only the rental income and expenses.

Prepare federal first.

Then prepare the PA non-resident return reporting only the rental activities.

And finally prepare your NY resident return reporting ALL income, even that reported to PA. Be sure the return contains a credit for taxes paid to another state if you owe PA income taxes for 2017.