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Mississippi investment property

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?  

 

 

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1 Reply

Mississippi investment property


@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

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