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March 21, 2025
Question

IL LLC owns property in AZ

  • March 21, 2025
  • 1 reply
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My multi-member LLC, registered in Illinois, owns a rental property in Arizona. Rental income is the LLC’s only source of income. Which state tax return should I file—Illinois, Arizona, or both?

1 reply

March 21, 2025

Both.  Your earnings in Arizona will be taxable to Arizona and then you will be able to deduct any taxes paid to Arizona on your Illinois return.  So do Arizona first.  

 

@Melo888 

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