My question is: May I have to file taxes in NY , IF the LLC has business in Fl only?

Forum|Forum|3 years ago
February 11, 2023
2 replies
29 views

Facts: LLC created in NY with 3 members living in Florida. The LLC has a rental property in Florida and the LLC was registered in Florida to do business.

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Best answer by Skylane

Are there other LLC members in other states?Do they file a 1065?

The income is Florida source income. If there’s no connection to NY, then no need to file NY return

Just-Lisa-Now-

Intuit Community Champion

and why was it created in NY if nobody lives there and no properties are there?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

A

AmiraAuthor

Level 2

The LLC was created in 2014 and member are living in Florida since 2015

Skylane

Answer

Intuit Community Champion

Are there other LLC members in other states?Do they file a 1065?

The income is Florida source income. If there’s no connection to NY, then no need to file NY return

If at first you don’t succeed…..find a workaround

sjrcpa

Level 15

Read the NY instructions on who must file. I know they have a rule that says if there is a NY partner they have to file a NY return. There may be a rule that if it was formed in NY they have to file a NY return. If that is the case, perhaps they should redomesticate it to FL.

The more I know the more I don’t know.

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