Legal Question in Real Estate Law in Maryland

Reporting Income from realestate

If I have a llc in NV and all my income goes to a bank acct in NV but I live in MD, is my income reported under NV or MD?


Asked on 8/13/07, 10:02 pm

1 Answer from Attorneys
Robert Sher Wagshal and Sher

Re: Reporting Income from realestate

If Nevada has a law capturing income from non-residents on NV property, you will pay there but get a corresponding credit on your MD return. You should consult your tax adviser for more details.

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Answered on 8/14/07, 10:42 am


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