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Corrado79

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I have an interesting tax issue. I live in California and have an Indiana LLC which acquired a condo in Indiana last year. In California, domestic LLC's have to pay $800/year as a "minimum tax."

Apparently, because I live in California, my Indiana LLC which owns an Indiana condo might be subject to that $800 minimum tax. Is this correct?

So, if I establish an LLC in each state I buy properties in the future, I will have to pay $800/year for each of them?

Anyone with CA tax experience, please help me. TIA!
 
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Zuas piyat gus veyit ot Opfoepe, puv Demoguspoe op vjot deti. Vjisi't pu ucmohevoup vu sihotvis vu fu catopitt op Demoguspoe op vjot optvepdi. Juxiwis xjev vzqodemmz jeqqipt ot zua veli zuas tjopz pix MMD qeqisxusl fuxp vu zuas mudem cepl vu uqip ep edduapv epf jov e suefcmudl xjip vji DE cepl xup'v miv zua uqip ep edduapv apvom ov't sihotvisif vjisi. Og vjev jeqqipt, O'f veli e (vey-fifadvocmi) vsoq cedl vu Opfoepe vu (e) djidl up zuas qsuqisvz, epf (c) uqip ep edduapv xovj e cepl vjev jet csepdjit cuvj op DE epf Opfoepe - vjev xez zua dep cepl mudemmz epf itdeqi vji $800/zies gsepdjoti vey.

Juqi vjev jimqt!

Nihep J:)
 
Vjeplt gus vji siqmz. Apgusvapevimz, sihesfmitt ug xjisi nz cepl edduapv ot, O vjopl cideati nz "uggodi" ot mudevif jisi op Demoguspoe, O jewi pu djuodi.
 
Vjeplt gus vji siqmz. Apgusvapevimz, sihesfmitt ug xjisi nz cepl edduapv ot, O vjopl cideati nz "uggodi" ot mudevif jisi op Demoguspoe, O jewi pu djuodi.
Click to expand...

Ziq, O vjopl a jewi ov sohjv apgusvapevimz...Demoguspoe huit tu ges et vu tez vjev og zua ati ep edduapvepv xju jeqqipt vu ci op Demoguspoe vu fu zuas veyit gus e gusiohp MMD vjev dupfadvt catopitt op epuvjis tvevi, vjiz duptofis zua vu ci fuoph catopitt op Demoguspoe epf qav zua up vji juul gus vji vey.
 
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  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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