The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: State taxes on income earned in another state||Date: 4/4/2011 7:27 PM|
|Author: inparadise||Number: 112967 of 122534|
If I have an investment property in a state other than where I reside, how does that work when it comes to paying state taxes? Live in PA, looking to buy in VA. Would income earned in VA be taxed by the state of VA, but not PA, or would there be double taxation?
Last time I did this, our where we lived didn't have a local tax, so I only paid Federal and the tax in the state the rental was in.
cross posted to real estate investing
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|